Did you miss this move on GBPUSD?
GBPUSD has experienced an exceptionally large movement lower by 0.51% from 1.2652 to 1.25873 in the last 9 hours.
XAGUSD breakout through support
XAGUSD has broken through a support line. It has touched this line at least twice in the last 11 days. This breakout may indicate a potential move to 24.3503 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
A final push possible on XAUUSD
XAUUSD is moving towards a key support level at 2146.1599. This is a previously tested level for XAUUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.
UKX.IND approaching resistance of a Channel Up
A Channel Up pattern was identified on UKX.IND at 7813.1, creating an expectation that it may move to the resistance line at 7944.6959. It may break through that line and continue the bullish trend or it may reverse from that line.
A 19 hours run-upward on AUDUSD
Those of you that are trend followers are probably eagerly watching AUDUSD to see if its latest 1.67% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 19 hours move.
XAUUSD broke through important 2164.9299 price line
The breakout of XAUUSD through the 2164.9299 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, XAUUSD could test 2195.7219 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Will UKX.IND have enough momentum to break support?
UKX.IND was identified at around 7726.8 having recently rebounded of the resistance on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 7694.8007 level.
Where is GBPUSD moving to?
After posting 6 consecutive bearish candles in 7 days, you may start considering where GBPUSD is heading next, a continuation of the current downward trend, or a reversal in the previous direction.
Breach of important price line imminent by EURUSD
EURUSD is moving towards a resistance line. Because we have seen it retrace from this level in the past, 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 6 days and may test it again within the next […]
Either a rebound or a breakout imminent on XAUUSD
Emerging Falling Wedge detected on XAUUSD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 2154.08 and it is expected to move to 2143.1498.