AUDUSD – getting close to support of a Channel Down
AUDUSD 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 12 days and may test it again within the next 2 days.
A 20 hours run-downward on GBPUSD
GBPUSD has experienced an exceptionally large movement lower by 0.69% from 1.26351 to 1.25479 in the last 20 hours.
Should we expect a breakout or a rebound on EURGBP?
The movement of EURGBP towards the support line of a Channel Down 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 […]
USDTRY – Reversal Chart Pattern – Channel Up
USDTRY is heading towards the resistance line of a Channel Up 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 […]
AUDUSD – getting close to psychological price line
A strong support level has been identified at 0.6504 on the 1 hour AUDUSD chart. AUDUSD is likely to test it soon.
DAX.IND is moving, act now
DAX.IND hits 18545.7 after a 13.07% move spanning 72 days.
AUDUSD breakout through support
AUDUSD is once again retesting a key horizontal support level at 0.6504. 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.
EURUSD approaching support of a Falling Wedge
EURUSD is heading towards the support line of a Falling Wedge 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 […]
USDCHF experienced an exceptionally large movement
USDCHF hits 0.90369 after a 2.97% move spanning 20 days.
XAGUSD approaching resistance level
XAGUSD is moving towards a line of 25.0090 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 […]