A final push possible on GBPUSD
GBPUSD is heading towards 1.3508 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels. […]
EURCHF – getting close to resistance of a Ascending Triangle
Emerging Ascending Triangle detected on EURCHF – 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 0.93869 and it is expected to move to 0.9402. Past performance is […]
AUDUSD approaching resistance of a Channel Up
AUDUSD was identified at around 0.65141 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 0.6573 level. Past […]
A potential bearish movement on XAGUSD
A Channel Up pattern was identified on XAGUSD at 35.9047, creating an expectation that it may move to the support line at 35.6644. It may break through that line and continue the bearish trend or it may reverse from that line. Past performance is not an indicator of future results. Losses can exceed deposits.
Should we expect a bearish trend on NZDUSD?
NZDUSD has broken through a support line of a Channel Up chart pattern. If this breakout holds true, we may see the price of NZDUSD testing 0.6002 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking […]
Possible start of a bullish trend as EURCHF breaks resistance
EURCHF has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 21 days and suggests a possible target level to be around 0.9422 within the next 4 […]
EURGBP – Continuation Chart Pattern – Channel Up
EURGBP is heading towards the resistance line of a Channel Up. If this movement continues, the price of EURGBP could test 0.8461 within the next 9 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past. Past […]
AUDUSD breakout through resistance
AUDUSD has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 13 days and suggests a possible target level to be around 0.6551 within the next 3 […]
Should we expect a breakout or a rebound on GBPUSD?
GBPUSD is moving towards a resistance line. Because we have seen it retrace from this line before, 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 7 days and may test it again within the next 17 hours. […]
A potential bearish movement on EURCHF
EURCHF is moving towards a support 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 6 days and may test it again within the next […]