Possible start of a bullish trend as XAGUSD breaks resistance
XAGUSD has broken through a line of 31.1340 and suggests a possible movement to 31.7307 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
Should we expect a breakout or a rebound on UKX.IND?
UKX.IND is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
A 22 hours run-downward on AUDUSD
AUDUSD has moved lower by 0.67% from 0.67851 to 0.67397 in the last 22 hours.
A final push possible on USDCHF
The price of USDCHF in heading back to the resistance 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.
XAUUSD – resistance line broken at 2024-07-15T12:30:00.000Z
XAUUSD has broken through the resistance line of a Triangle 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 5 days and suggests a possible target level to […]
Possibility of big movement expected on XAGUSD
XAGUSD has broken through a resistance line of a Triangle and suggests a possible movement to 31.2746 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 […]
Extreme movement on DAX.IND
DAX.IND has moved higher by 1.63% from 18455.9 to 18757.4 in the last 2 days.
bearish technical pattern on XAGUSD 4 hour
This trade setup on XAGUSD is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 29.9293.
Dramatic change in EURUSD. A sign of things to come?
EURUSD rose sharply for 16 days – 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 EURUSD there is a chance that we will witness a correction, no matter how brief.
USDCHF is on the approach
The price of USDCHF in heading back to the resistance 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.