Garnet Fx Trade

EURGBP approaching resistance of a Inverse Head and Shoulders

Emerging Inverse Head and Shoulders pattern in its final wave was identified on the EURGBP 4 hour chart. After a strong bullish run, we find EURGBP heading towards the upper triangle line with a possible resistance at 0.8470. If the resistance shows to hold, the Inverse Head and Shoulders pattern suggests a rebound back towards […]

XAGUSD breakout through resistance

The breakout of XAGUSD through the 29.5860 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, XAGUSD could test 29.8265 within the next 10 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.

Possible breach of resistance level by AUDUSD

AUDUSD 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 AUDUSD continues in its current trajectory, we could see it […]

Huge bullish move on NDX.IND

A movement of 6.73% over 17 days on NDX.IND 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.

Breach of important price line imminent by GBPUSD

GBPUSD is moving towards a line of 1.2731 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If GBPUSD continues in its current trajectory, we […]

DAX.IND – getting close to resistance of a Channel Up

Emerging Channel Up detected on DAX.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 18158.3 and it is expected to move to 18239.8311.

UKX.IND is on the approach

UKX.IND 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 […]

XAUUSD – getting close to resistance of a Triangle

The movement of XAUUSD 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 […]

Important price line breached by SPX.IND

SPX.IND has breached the support line at 5427.3398. It may continue the bearish trend towards 5411.2861, or, it may prove to be yet another test of this level.

EURGBP running upward, don’t miss out.

For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 0.35% move on EURGBP. The movement has happened over the last 3 days. For those trend followers among you, you may think about riding this possible trend.