Dramatic change in XAUUSD. A sign of things to come?
XAUUSD dropped sharply for day – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in XAUUSD there is a chance that we will witness a correction, no matter how brief.
Either a rebound or a breakout imminent on USDCAD
USDCAD is moving towards a line of 1.3739 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 USDCAD continues in its current trajectory, we […]
AUDUSD trade outlook at 2024-04-30T03:00:00.000Z until 2024-04-30T03:00:00.000Z
AUDUSD has broken through a support line. It has touched this line at least twice in the last 12 days. This breakout may indicate a potential move to 0.6474 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 […]
NDX.IND running downward for the last 16 days
A movement of 13.02% over 17 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.
USDCHF short term bearish trade setup to 0.9094
USDCHF is about to retest a key horizontal support level near 0.9094. It has tested this level 3 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.
Possible breach of resistance level by GBPUSD
GBPUSD 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 13 days and may test it again within the next 3 days.
Dramatic change in NDX.IND. A sign of things to come?
NDX.IND hits 15710.3943 after a 14.19% move spanning 16 days.
A potential bearish movement on XAGUSD
XAGUSD is heading towards the support line of a Rising Wedge. If this movement continues, the price of XAGUSD could test 27.5549 within the next 14 hours. 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.
XAUUSD – psychological price line breached
XAUUSD has broken through a line of 2334.8101. If this breakout holds true, we could see the price of XAUUSD heading towards 2349.7451 within the next 17 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any […]
Rare opportunity on NDX.IND – extreme bearish movement
NDX.IND has experienced an exceptionally large movement lower by 10.21% from 17496.748 to 15710.9221 in the last 3 days.