Will UKX.IND have enough momentum to break resistance?
UKX.IND is heading towards the resistance line of a Triangle. If this movement continues, the price of UKX.IND could test 8251.7227 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Either a rebound or a breakout imminent on XAGUSD
XAGUSD is heading towards 31.1110 and could reach this point within the next 8 hours. 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.
Possible breach of support level by XAUUSD
XAUUSD is heading towards the support line of a Triangle. If this movement continues, the price of XAUUSD could test 2365.9767 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
DAX.IND is on the approach
DAX.IND is approaching a resistance line at 18388.9004. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.
Possible breach of support level by UKX.IND
UKX.IND is heading towards the support line of a Falling Wedge and could reach this point within the next 11 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
XAGUSD – getting close to resistance of a Triangle
Emerging Triangle pattern in its final wave was identified on the XAGUSD 1 hour chart. After a strong bullish run, we find XAGUSD heading towards the upper triangle line with a possible resistance at 30.9944. If the resistance shows to hold, the Triangle pattern suggests a rebound back towards current levels.
Confirmed breakout on USDCHF 15 Minutes chart
The breakout of USDCHF through the 0.8979 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USDCHF could test 0.8961 within the next 11 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Will UKX.IND have enough momentum to break resistance?
Emerging Rectangle detected on UKX.IND – 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 8200.4 and it is expected to move to 8314.8464.
EURGBP approaching support level
EURGBP is heading towards 0.8429 and could reach this point within the next 19 hours. 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.
Will XAUUSD have enough momentum to break support?
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 2383.38 and it is expected to move to 2365.6070.