Should we expect a bearish trend on SPX.IND?
Channel Up pattern identified on SPX.IND has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 5121.1548 in the next 13.
Huge bearish move on NDX.IND
A movement of 14.27% over 23 days on NDX.IND doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.
A potential bullish movement on UKX.IND
UKX.IND is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of UKX.IND could test 8304.9286 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
XAGUSD approaching important level of 27.3550
XAGUSD is heading towards a line of 27.3550. If this movement continues, the price of XAGUSD could test 27.3550 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
Did you miss this move on NDX.IND?
An unexpected large move has occurred on NDX.IND Daily chart beginning at 18308.4605 and ending at 15581.843. Is this a sign of something new? What can we expect in the future?
USDCHF – support line breached
USDCHF has broken through a support line. It has touched this line at least twice in the last 17 days. This breakout may indicate a potential move to 0.9082 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
XAGUSD approaches important level of 26.3450
XAGUSD is moving towards a line of 26.3450 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If XAGUSD continues in its current trajectory, we […]
NDX.IND is moving, act now
NDX.IND has experienced an exceptionally large movement lower by 13.01% from 18308.4605 to 15926.7135 in the last 20 days.
Should we expect a breakout or a rebound on DAX.IND?
DAX.IND is about to retest a key horizontal support level near 17780.0000. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Triangle breakout on EURUSD
This trade setup on EURUSD 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 1.0649.