Confirmed breakout on EURGBP 1 hour chart
EURGBP has broken through 0.8515 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, EURGBP may be heading towards 0.8491 within the next 3 days.
XAGUSD experienced 5 consecutive daily bullish candles
XAGUSD has experienced an exceptionally large amount of consecutive bullish candles to reach a price of 22.6870 in the last 6 days.
Support line breached by SPX.IND
SPX.IND has broken through a support line of a Channel Up and suggests a possible movement to 5015.5716 within the next 9 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 […]
Breach of important price line imminent by XAUUSD
XAUUSD is moving towards a key support level at 2014.9200. XAUUSD has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through?
Possible breach of resistance level by XAGUSD
A Rising Wedge pattern was identified on XAGUSD at 22.627, creating an expectation that it may move to the resistance line at 22.8337. It may break through that line and continue the bullish trend or it may reverse from that line.
Support breakout on GBPUSD
GBPUSD has broken through 1.2612 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, GBPUSD may be heading towards 1.2587 within the next 12 hours.
Will DAX.IND have enough momentum to break support?
The movement of DAX.IND towards the support line of a Descending Triangle is yet another test of the line it reached numerous times in the past. This line test could happen in the next 16 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
EURGBP running upward for the last day
EURGBP has moved higher by 0.29% from 0.85161 to 0.85412 in the last 2 days.
Support breakout on AUDUSD
The breakout of AUDUSD through the 0.6515 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 0.6466 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Possible breach of resistance level by EURUSD
EURUSD is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]