Either a rebound or a breakout imminent on EURUSD
EURUSD is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If EURUSD continues in its current trajectory, we could see it […]
XAUUSD approaching support level
XAUUSD is heading towards 2020.4700 and could reach this point within the next 3 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.
Rare set of consecutive bullish candles on USDCHF
USDCHF has experienced an exceptionally large amount of consecutive bullish candles to reach a price of 0.8686 in the last 12 days.
Should we expect a breakout or a rebound on XAGUSD?
The movement of XAGUSD towards the resistance line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could happen in the next 8 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
EURUSD approaches important level of 1.0863
EURUSD is approaching a support line at 1.0863. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels.
Huge bullish move on NDX.IND
NDX.IND has experiened an extremely big movement in last 5 days. It may continue the trend, but this would make the move unprecidented in the recent past.
Possibility of big movement expected on USDCHF
USDCHF has broken through a support line of a Rising Wedge and suggests a possible movement to 0.8664 within the next 18 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 […]
Is DAX.IND likely to correct after this massive movement?
DAX.IND has moved higher by 1.31% from 16409.5 to 16624.7 in the last 3 days.
Should we expect a bullish trend on UKX.IND?
UKX.IND has broken through a resistance line of a Triangle and suggests a possible movement to 7527.5009 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 back […]
A 6 days run-upward on USDCHF
USDCHF has experienced an exceptionally large amount of consecutive bullish candles to reach a price of 0.8615 in the last 7 days.