Rare opportunity on AUDUSD – extreme bearish movement
A movement of 3.98% over 19 days on AUDUSD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.
USDCHF approaching important level of 0.8829
The price of USDCHF 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.
Either a rebound or a breakout imminent on XAUUSD
The movement of XAUUSD towards the resistance line of a Channel Up 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 […]
A final push possible on SPX.IND
A strong resistance level has been identified at 4560.0200 on the 30 Minutes SPX.IND chart. SPX.IND is likely to test it soon.
Did you miss this move on AUDUSD?
AUDUSD dropped sharply for 17 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in AUDUSD there is a chance that we will witness a correction, no matter how brief.
Continuation pattern on XAGUSD
XAGUSD has broken through a resistance line of a Triangle and suggests a possible movement to 24.6232 within the next 2 days. 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 […]
Should we expect a breakout or a rebound on XAGUSD?
The movement of XAGUSD towards the resistance line of a Triangle 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 current […]
Will SPX.IND bounce after a massive rise?
Those of you that are trend followers are probably eagerly watching SPX.IND to see if its latest 10.8% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 29 days move.
Breach of important price line imminent by UKX.IND
UKX.IND is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 7507.7002, unless it runs out of momentum and pulls back to current levels.
AUDUSD – getting close to resistance of a Rising Wedge
AUDUSD is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 10 days. If it tests this line again, it should do so in the next 2 days.