A potential bearish movement on XAUUSD
XAUUSD is heading towards the support line of a Channel Up. If this movement continues, the price of XAUUSD could test 3101.9527 within the next 14 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 […]
Should we expect a breakout or a rebound on AUDUSD?
A Falling Wedge pattern was identified on AUDUSD at 0.62839, creating an expectation that it may move to the support line at 0.6243. 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. 63% of retail investor accounts […]
EURGBP running upward for the last 11 hours
An unexpected large move has occurred on EURGBP 1 hour chart beginning at 0.83185 and ending at 0.836265. Is this a sign of something new? What can we expect in the future? Past performance is not an indicator of future results. 63% of retail investor accounts lose money when trading CFDs with this provider. You […]
Should we expect a breakout or a rebound on EURCHF?
EURCHF is trapped in a Falling 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 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 […]
bullish technical pattern on GBPUSD 4 hour
GBPUSD has broken through a resistance line of a Falling Wedge chart pattern. If this breakout holds true, we may see the price of GBPUSD testing 1.3001 within the next 3 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 […]
Either a rebound or a breakout imminent on AUDUSD
An emerging Triangle has been detected on AUDUSD on the 1 hour chart. There is a possible move towards 0.6290 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. 63% of retail investor accounts lose money […]
EURGBP – Continuation Chart Pattern – Channel Down
The movement of EURGBP towards the resistance line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
EURCHF broke through important 0.9528 price line
EURCHF has broken through a line of 0.9528. If this breakout holds true, we could see the price of EURCHF heading towards 0.9478 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]
AUDUSD breakout through resistance
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 0.6341 but consider reducing the size of your position as the price gets […]
A potential bearish movement on EURGBP
EURGBP 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 12 days and may test it again within the next 2 days. […]