Possible start of a bullish trend as AUDUSD breaks resistance
The breakout of AUDUSD through the 0.6534 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, AUDUSD could test 0.6569 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Either a rebound or a breakout imminent on AUDUSD
AUDUSD is heading towards 0.6534 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
DAX.IND approaching resistance of a Rising Wedge
DAX.IND is moving towards a resistance 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 20 hours.
XAGUSD was on its way up
XAGUSD experienced an extremely large move that lasted 2. This movement is in the 98.0 percentile and is uncommon. It is not unusual to witness a pullback after such a big movement.
Should we expect a breakout or a rebound on SPX.IND?
The price of SPX.IND 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.
Will EURUSD have enough momentum to break resistance?
An emerging Falling Wedge has been detected on EURUSD on the 4 hour chart. There is a possible move towards 1.0756 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
There was a bullish move on USDCHF
USDCHF has experiened an extremely big movement in last 14 days. It may continue the trend, but this would make the move unprecidented in the recent past.
Should we expect a breakout or a rebound on DAX.IND?
DAX.IND is heading towards a line of 17029.9004. If this movement continues, the price of DAX.IND could test 17029.9004 within the next 3 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.
Either a rebound or a breakout imminent on SPX.IND
SPX.IND is approaching the resistance line of a Channel Down. 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 15 hours.
AUDUSD experienced an exceptionally large movement
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 1.44% move on AUDUSD. The movement has happened over the last 2 days. For those trend followers among you, you may think about riding this possible trend.