AUDUSD running downward, don’t miss out.
AUDUSD has experienced an unusual quantity of bearish candles on the Daily timeframe. This is in the 0.95 percentile of movements and so we could see a slight pullback over the next few candles.
Either a rebound or a breakout imminent on UKX.IND
UKX.IND is approaching the resistance line of a Triangle. It has touched this line numerous times in the last 3 days. If it tests this line again, it should do so in the next 5 hours.
Support breakout on XAUUSD
A strong support level has been breached at 2150.6899 on the 1 hour XAUUSD chart. Technical Analysis theory forecasts a movement to 2139.2520 in the next 19 hours.
NDX.IND – support line breached
The breakout of NDX.IND through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of NDX.IND testing 17687.1368 within the next 3 days.
Should we expect a breakout or a rebound on XAGUSD?
XAGUSD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of XAGUSD could test 25.6713 within the next 2 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.
USDCHF experienced an exceptionally large movement
USDCHF has moved higher by 0.72% from 0.87847 to 0.88483 in the last 16 hours.
Possibility of big movement expected on EURUSD
EURUSD has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 1.0831 may materialize within the next 3 days.
Big movement possible on GBPUSD
GBPUSD has breached the resistance line at 1.2816. It may continue the bullish trend towards 1.2842, or, it may prove to be yet another test of this level.
Will DAX.IND have enough momentum to break support?
DAX.IND was identified at around 17974.9 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 17926.0197 level.
A potential bullish movement on XAUUSD
XAUUSD is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 2186.8999, unless it runs out of momentum and pulls back to current levels.