EURGBP is moving, act now
Those of you that are trend followers are probably eagerly watching EURGBP to see if its latest 1.76% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 18 days move. Past performance is not an indicator of future results. 64% of retail investor accounts lose money when trading […]
Possible breach of support level by HKG33
HKG33 is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
Possible breach of support level by XAUUSD
XAUUSD is heading towards the support line of a Channel Up and could reach this point within the next 3 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 […]
HKG33 approaching resistance of a Rising Wedge
HKG33 is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of HKG33 could test 19828.5166 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 […]
Breach of important price line imminent by AUDUSD
AUDUSD is approaching a support line at 0.6179. 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. 64% of retail investor accounts lose money when trading CFDs with this […]
bullish technical pattern on ESP35 4 hour
ESP35 has broken through a resistance line. It has touched this line at least twice in the last 50 days. This breakout may indicate a potential move to 12133.4119 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
A potential bearish movement on EURCHF
An emerging Descending Triangle has been detected on EURCHF on the 4 hour chart. There is a possible move towards 0.9343 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels. Past performance is not an indicator of future results. 64% of retail investor accounts lose […]
Possible breach of support level by XAUUSD
A Channel Up pattern was identified on XAUUSD at 2694.5, creating an expectation that it may move to the support line at 2687.5441. 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 […]
EURJPY – getting close to support of a Falling Wedge
EURJPY is moving towards a support 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 17 days and may test it again within the next 3 days. […]
EURGBP is on its way up
Those of you that are trend followers are probably eagerly watching EURGBP to see if its latest 1.41% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 15 days move. Past performance is not an indicator of future results. 64% of retail investor accounts lose money when trading […]