EURUSD – Extreme movement, a rare opportunity
EURUSD has experienced an exceptionally large movement higher by 0.7% from 1.08723 to 1.09481 in the last 9 hours.
EURGBP short term bullish trade setup to 0.8578
The price of EURGBP 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.
Should we expect a breakout or a rebound on XAUUSD?
Emerging Channel Up 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 2139.51 and it is expected to move to 2133.2394.
Will NDX.IND bounce after a massive drop?
NDX.IND dropped sharply for day – 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 NDX.IND there is a chance that we will witness a correction, no matter how brief.
Rising Wedge breakout on EURUSD
EURUSD has broken through a support line of a Rising Wedge and suggests a possible movement to 1.0826 within the next 15 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 […]
Support breakout on EURGBP
EURGBP has broken through a line of 0.8544 and suggests a possible movement to 0.8524 within the next 3 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 […]
XAUUSD was on its way up
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 6.06% move on XAUUSD. The movement has happened over the last 21 days. For those trend followers among you, you may think about riding this possible trend.
A potential bullish movement on USDCHF
Emerging Channel Up detected on USDCHF – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 0.88642 and it is expected to move to 0.8928.
XAGUSD was on its way up
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 3.78% move on XAGUSD. The movement has happened over the last 17 hours. For those trend followers among you, you may think about riding this possible trend.
A potential bullish movement on UKX.IND
UKX.IND was identified at around 7690.2 having recently rebounded of the support on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 7752.7304 level.