Possible breach of resistance level by EURGBP
EURGBP is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
EURCHF breakout through support
The last 7 1 hour candles on EURCHF formed a Head and Shoulders pattern and broken out through the pattern lines, indicating a possible bearish movement towards the price level of 0.9316. Past performance is not an indicator of future results. Losses can exceed deposits.
bullish technical pattern on EURGBP 4 hour
This trade setup on EURGBP is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 0.8451. Past performance is not […]
EURUSD – Continuation Chart Pattern – Rising Wedge
EURUSD is heading towards the resistance line of a Rising Wedge 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 from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
AUDUSD – Continuation Chart Pattern – Rising Wedge
AUDUSD is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
Confirmed breakout on EURGBP 1 hour chart
The price of EURGBP in heading in the direction of 0.8339. Despite the recent breakout through 0.8379 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back. Past performance […]
A potential bearish movement on XAGUSD
XAGUSD is heading towards the support line of a Triangle. If this movement continues, the price of XAGUSD could test 32.8573 within the next 2 days. 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 performance […]
Should we expect a bullish trend on EURJPY?
A strong resistance level has been breached at 163.1555 on the 4 hour EURJPY chart. Technical Analysis theory forecasts a movement to 164.7850 in the next 3 days. Past performance is not an indicator of future results. Losses can exceed deposits.
Should we expect a bearish trend on EURUSD?
EURUSD has broken through a support line. It has touched this line numerous times in the last 7 days. This breakout shows a potential move to 1.1251 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. Past performance is […]
Either a rebound or a breakout imminent on AUDUSD
Emerging Channel Up detected on AUDUSD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 0.64453 and it is expected to move to 0.6409. Past performance is […]