Big movement possible on ASX 225Big movement possible on ASX 225
ASX 225 has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading.
Month: May 2024
USDCAD approaching support of a Falling WedgeUSDCAD approaching support of a Falling Wedge
A Falling Wedge pattern was identified on USDCAD at 1.36467, creating an expectation that it may move to the support line at 1.3586. It may break through that line and
GBP/USD: – Bullish attack at support level after a steep downfallGBP/USD: – Bullish attack at support level after a steep downfall
Overview: – By looking at the daily technical chart we can see that earlier pair was heading south side with full of bearish momentum and breaking all the major and
Should we expect a breakout or a rebound on Nikkei 225?Should we expect a breakout or a rebound on Nikkei 225?
Nikkei 225 is moving towards a line of 38045.0000 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so
Will ETHUSD have enough momentum to break support?Will ETHUSD have enough momentum to break support?
A Channel Down pattern was identified on ETHUSD at 2859.65, creating an expectation that it may move to the support line at 2689.6450. It may break through that line and
Resistance breakout on DOW 30Resistance breakout on DOW 30
DOW 30 has broken through 39417.3008 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend
NZDUSD – getting close to resistance of a TriangleNZDUSD – getting close to resistance of a Triangle
NZDUSD 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
GBPUSD breakout through resistanceGBPUSD breakout through resistance
A strong resistance level has been breached at 1.2545 on the 4 hour GBPUSD chart. Technical Analysis theory forecasts a movement to 1.2604 in the next 3 days. Supported by
FTSE 100 – support line breachedFTSE 100 – support line breached
FTSE 100 has broken through a support line of a Triangle and suggests a possible movement to 8394.8587 within the next 11 hours. It has tested this line in the
GBP/NZD: – Bulls are driving the car & heading for long drive.GBP/NZD: – Bulls are driving the car & heading for long drive.
Overview: – By looking at the daily chart we can see that buyers are showing their potential in the market. The market is showing upside momentum in the market. From