XAGUSD running upward for the last 12 hours
XAGUSD has experienced an exceptionally large movement higher by 2.28% from 22.641 to 23.157 in the last 12 hours.
Possible breach of resistance level by NDX.IND
A Rising Wedge pattern was identified on NDX.IND at 18069.9018, creating an expectation that it may move to the resistance line at 18266.9358. It may break through that line and continue the bullish trend or it may reverse from that line.
Confirmed breakout on XAUUSD 4 hour chart
XAUUSD has broken through a line of 2041.3900. If this breakout holds true, we could see the price of XAUUSD heading towards 2063.4900 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any […]
Should we expect a breakout or a rebound on DAX.IND?
DAX.IND is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 2 days. If it tests this line again, it should do so in the next 10 hours.
USDCHF short term bullish trade setup to 0.8822
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.
A potential bearish movement on SPX.IND
SPX.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 […]
NDX.IND approaching support level
NDX.IND is heading towards a line of 17843.8594. If this movement continues, the price of NDX.IND could test 17843.8594 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
EURUSD – support line broken at 2024-02-28T06:00:00.000Z
This trade steup on EURUSD 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 1.0795.
Possible start of a bearish trend on GBPUSD
The breakout of GBPUSD through the 1.2669 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, GBPUSD could test 1.2635 within the next 22 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
AUDUSD approaching support of a Falling Wedge
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 7 days and may test it again within the next 22 hours.