EURUSD running downward for the last 20 days
EURUSD has moved higher by 3.21% from 1.07632 to 1.11083 in the last 21 days.
DAX.IND approaching important bullish key level
The price of DAX.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.
GBPUSD has broken through support
The breakout of GBPUSD through the support line of a Flag could be a sign of the road ahead. If this breakout persists, we may see the price of GBPUSD testing 1.2686 within the next 2 days.
Will SPX.IND bounce after a consecutive winning streak?
Rare set of consecutive candles on the SPX.IND Daily chart. Could we expect a turn around from 4788.3200 or will this movement continue?
Huge movement on USDCHF, did you miss it?
USDCHF has experienced an exceptionally large movement lower by 1.69% from 0.85462 to 0.8402 in the last 23 hours.
Possible breach of resistance level by NDX.IND
NDX.IND is moving towards a resistance 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 NDX.IND continues in its current trajectory, we could see it […]
Rare opportunity on EURGBP – extreme bearish movement
EURGBP has experiened an extremely big movement in last 15 days. It may continue the trend, but this would make the move unprecidented in the recent past.
USDCHF – resistance line broken at 2023-12-26T10:00:00.000Z
USDCHF has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 23 days and suggests a possible target level […]
A final push possible on AUDUSD
AUDUSD is moving towards a key support level at 0.6789. This is a previously tested level for AUDUSD. This could be a good trading opportunity, either at the spot price, or after breaching this level.
Possible breach of support level by UKX.IND
Emerging Channel Up detected on UKX.IND – 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 7680.3 and it is expected to move to 7610.3391.