USDCHF – getting close to resistance of a Ascending Triangle
A Ascending Triangle pattern was identified on USDCHF at 0.91341, creating an expectation that it may move to the resistance line at 0.9155. It may break through that line and continue the bullish trend or it may reverse from that line.
XAGUSD approaches important level of 28.5700
The price of XAGUSD in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
SPX.IND is moving, act now
SPX.IND has experienced an exceptionally large movement lower by 2.03% from 5163.79 to 5058.95 in the last 7 hours.
Triangle breakout on USDTRY
USDTRY has broken through a resistance line of a Triangle and suggests a possible movement to 32.6904 within the next 8 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back […]
NDX.IND approaching resistance level
A strong resistance level has been identified at 18198.7734 on the 30 Minutes NDX.IND chart. NDX.IND is likely to test it soon.
XAGUSD trade outlook at 2024-04-12T19:00:00.000Z until 2024-04-12T19:00:00.000Z
XAGUSD has broken through the support line of a Channel Up technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 12 days and suggests a possible target level […]
NDX.IND – getting close to psychological price line
A strong resistance level has been identified at 18370.9043 on the 4 hour NDX.IND chart. NDX.IND is likely to test it soon.
Where is XAUUSD moving to?
Those of you that are trend followers are probably eagerly watching XAUUSD to see if its latest 9.93% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 26 days move.
Either a rebound or a breakout imminent on DAX.IND
DAX.IND is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If DAX.IND continues in its current trajectory, we could see it […]
XAGUSD – getting close to psychological price line
The movement of XAGUSD towards 28.1850 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 11 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.