Garnet Fx Trade

EURGBP – getting close to psychological price line

EURGBP is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 12 days and may test it again within the next […]

NDX.IND approaching support of a Falling Wedge

NDX.IND is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 9 hours.

EURGBP – getting close to psychological price line

EURGBP is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 5 days and may test it again within the next […]

USDCAD broke through important 1.3449 price line

USDCAD has broken through a support line. It has touched this line numerous times in the last 9 days. This breakout shows a potential move to 1.3405 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

EURUSD has broken through resistance

EURUSD has broken through a resistance line. It has touched this line at least twice in the last 10 days. This breakout may indicate a potential move to 1.0614 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]