Will NZDUSD have enough momentum to break support?
NZDUSD is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 6 days. If it tests this line again, it should do so in the next 16 hours. Past performance is not an indicator of future results. 64% of retail investor accounts lose money when trading […]
Channel Up breakout on XAGUSD
XAGUSD has broken through a support line of a Channel Up and suggests a possible movement to 31.4334 within the next 4 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 […]
Rare opportunity on EURJPY – extreme bearish movement
EURJPY has moved lower by 4.31% from 163.637 to 156.587 in the last 18 days. Past performance is not an indicator of future results. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Either a rebound or a breakout imminent on GBPUSD
An emerging Rising Wedge has been detected on GBPUSD on the 4 hour chart. There is a possible move towards 1.2612 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels. Past performance is not an indicator of future results. 64% of retail investor accounts lose […]
AUDUSD – getting close to psychological price line
A strong support level has been identified at 0.6275 on the 15 Minutes AUDUSD chart. AUDUSD is likely to test it soon. Past performance is not an indicator of future results. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high […]
GBPUSD approaching support of a Head and Shoulders
A Head and Shoulders pattern was identified on GBPUSD at 1.24199, creating an expectation that it may move to the support line at 1.2348. 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. 64% of retail investor […]
Possible breach of resistance level by EURUSD
EURUSD 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 EURUSD continues in its current trajectory, we could see it […]
XAGUSD – Continuation Chart Pattern – Channel Up
A Channel Up pattern was identified on XAGUSD at 32.203, creating an expectation that it may move to the support line at 31.7867. 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. 64% of retail investor accounts […]
EURGBP was on its way down
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 1.57% move on EURGBP. The movement has happened over the last 18 days. For those trend followers among you, you may think about riding this possible trend. Past performance is not an indicator of future […]
Important price line breached by NZDUSD
A strong resistance level has been breached at 0.5689 on the 4 hour NZDUSD chart. Technical Analysis theory forecasts a movement to 0.5728 in the next 3 days. Past performance is not an indicator of future results. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you […]