Is EURGBP likely to correct after this massive movement?
EURGBP has experienced an exceptionally large movement higher by 0.31% from 0.85941 to 0.86207 in the last 8 hours.
A potential bullish movement on NDX.IND
A strong resistance level has been identified at 16674.2500 on the 15 Minutes NDX.IND chart. NDX.IND is likely to test it soon.
DAX.IND – getting close to support of a Falling Wedge
Emerging Falling Wedge pattern in its final wave was identified on the DAX.IND 4 hour chart. After a strong bearish run, we find DAX.IND heading towards the upper triangle line with a possible resistance at 16578.2308. If the support shows to hold, the Falling Wedge pattern suggests a rebound back towards current levels.
What’s going on with DAX.IND?
DAX.IND has experienced an exceptionally large movement higher by 15.61% from 14618.3 to 16899.7 in the last 49 days.
Where is SPX.IND moving to?
SPX.IND has moved higher after 6 consecutive daily candles from 4549.2600 to 4713.9700 in the last 8 days.
Should we expect a breakout or a rebound on UKX.IND?
Emerging Channel Up pattern in its final wave was identified on the UKX.IND 1 hour chart. After a strong bearish run, we find UKX.IND heading towards the upper triangle line with a possible resistance at 7587.3875. If the support shows to hold, the Channel Up pattern suggests a rebound back towards current levels.
Should we expect a bullish trend on XAGUSD?
XAGUSD is once again retesting a key horizontal resistance level at 24.0280. 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.
AUDUSD experienced an exceptionally large movement
AUDUSD hits 0.67146 after a 2.47% move spanning 21 hours.
UKX.IND approaching resistance of a Channel Up
Emerging Channel Up 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 7600.8 and it is expected to move to 7657.6229.
EURUSD – getting close to psychological price line
EURUSD is moving towards a key support level at 1.0759. EURUSD 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?