bearish technical pattern on EURGBP 4 hour
The breakout of EURGBP through the support line of a Rectangle could be a sign of the road ahead. If this breakout persists, we may see the price of EURGBP testing 0.8560 within the next 2 days.
NDX.IND is on the approach
NDX.IND is about to retest a key horizontal resistance level near 16896.8809. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
AUDUSD – Reversal Chart Pattern – Channel Down
Emerging Channel Down pattern in its final wave was identified on the AUDUSD 15 Minutes chart. After a strong bullish run, we find AUDUSD heading towards the upper triangle line with a possible resistance at 0.6570. If the resistance shows to hold, the Channel Down pattern suggests a rebound back towards current levels.
USDCHF rises6 candles in a row
After posting 5 consecutive bullish candles in 6 days, you may start considering where USDCHF is heading next, a continuation of the current upward trend, or a reversal in the previous direction.
XAUUSD running downward, don’t miss out.
An unexpected large move has occurred on XAUUSD 1 hour chart beginning at 2055.84 and ending at 2027.33. Is this a sign of something new? What can we expect in the future?
UKX.IND – getting close to support of a Falling Wedge
The movement of UKX.IND towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
Confirmed breakout on AUDUSD 1 hour chart
The price of AUDUSD in heading in the direction of 0.6603. Despite the recent breakout through 0.6647 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
A 20 hours run-downward on DAX.IND
Trend followers are probably eagerly watching DAX.IND to see if its latest 5 consecutive candles continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 20 hours move.
Either a rebound or a breakout imminent on EURGBP
EURGBP is heading towards the resistance line of a Rectangle 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 from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could […]
XAUUSD approaching important bullish key level
XAUUSD is about to retest a key horizontal resistance level near 2066.1001. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.