DAX.IND – getting close to resistance of a Channel Up
Emerging Channel Up detected on DAX.IND – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 18158.3 and it is expected to move to 18239.8311.
UKX.IND is on the approach
UKX.IND is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 5 days and may test it again within the next […]
XAUUSD – getting close to resistance of a Triangle
The movement of XAUUSD towards the resistance line of a Triangle is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current […]
Important price line breached by SPX.IND
SPX.IND has breached the support line at 5427.3398. It may continue the bearish trend towards 5411.2861, or, it may prove to be yet another test of this level.
EURGBP running upward, don’t miss out.
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 0.35% move on EURGBP. The movement has happened over the last 3 days. For those trend followers among you, you may think about riding this possible trend.
Possible breach of support level by USDCAD
USDCAD is heading towards the support line of a Triangle and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could […]
Important price line breached by USDCAD
A strong resistance level has been breached at 1.3755 on the 15 Minutes USDCAD chart. Technical Analysis theory forecasts a movement to 1.3782 in the next 12 hours.
Should we expect a bullish trend on USDTRY?
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 32.6700 but consider reducing the size of your position as the price gets […]
EURUSD approaches important level of 1.0739
EURUSD is moving towards a key support level at 1.0739. This is a previously tested level for EURUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.
Possibility of big movement expected on XAUUSD
The breakout of XAUUSD through the support line of a Channel Up could be a sign of the road ahead. If this breakout persists, we may see the price of XAUUSD testing 2301.8793 within the next 17 hours.