A potential bullish movement on SPX.IND
A Channel Down pattern was identified on SPX.IND at 5492.66, creating an expectation that it may move to the resistance line at 5507.0332. It may break through that line and continue the bullish trend or it may reverse from that line.
EURGBP – psychological price line breached
EURGBP has broken through a resistance line. It has touched this line numerous times in the last 16 days. This breakout shows a potential move to 0.8452 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
There was a bearish move on AUDUSD
AUDUSD experienced an extremely large move that lasted 20. This movement is in the 3.0 percentile and is uncommon. It is not unusual to witness a pullback after such a big movement.
XAUUSD – support line broken at 2024-07-25T03:00:00.000Z
This trade setup on XAUUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 2363.0911.
Possible start of a bullish trend on XAUUSD
XAUUSD has breached the resistance line at 2408.5901. It may continue the bullish trend towards 2445.2480, or, it may prove to be yet another test of this level.
SPX.IND – getting close to support of a Channel Down
SPX.IND is moving towards a support line. Because we have seen it retrace from this line before, 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 13 days and may test it again within the next 3 days.
Possible start of a bearish trend on GBPUSD
GBPUSD has broken through a line of 1.2899 and suggests a possible movement to 1.2846 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
Did you miss this move on AUDUSD?
Those of you that are trend followers are probably eagerly watching AUDUSD to see if its latest 1.94% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 13 days move.
Either a rebound or a breakout imminent on EURGBP
EURGBP is moving towards a resistance line. Because we have seen it retrace from this line before, 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 8 days and may test it again within the next 2 days.
Should we expect a breakout or a rebound on DAX.IND?
The movement of DAX.IND towards 18514.9004 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.