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 […]
XAGUSD – support line breached
XAGUSD moved through the support line of a Triangle at 33.321423076923075 on the 4 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 32.6626. Past performance is not an indicator […]
Confirmed breakout on EURJPY 1 hour chart
EURJPY has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 163.5359 may materialize within the next 2 days. Past performance […]
Rising Wedge breakout on XAUUSD
XAUUSD has broken through a support line of a Rising Wedge and suggests a possible movement to 3304.9676 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 […]
EURGBP approaches important level of 0.8379
EURGBP is heading towards 0.8379 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. […]
USDCAD experienced an exceptionally large movement
USDCAD dropped sharply for day – 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 USDCAD there is a chance that we will witness a correction, no matter how brief. Past performance is not an indicator […]
AUDUSD breakout through resistance
A strong resistance level has been breached at 0.6459 on the 30 Minutes AUDUSD chart. Technical Analysis theory forecasts a movement to 0.6485 in the next 21 hours. Past performance is not an indicator of future results. Losses can exceed deposits.
EURUSD is on the approach
EURUSD is heading towards a line of 1.1354. If this movement continues, the price of EURUSD could test 1.1354 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding. Past performance is not […]
XAGUSD approaching support of a Channel Up
XAGUSD is approaching the support line of a Channel Up. 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. Past performance is not an indicator of future results. Losses can exceed deposits.
AUDUSD short term bearish trade setup to 0.6383
AUDUSD is approaching a support line at 0.6383. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels. Past performance is not an indicator of future results. Losses can exceed deposits.