Hong Kong 50 Index – Continuation Chart Pattern – Channel Up
An emerging Channel Up has been detected on Hong Kong 50 Index on the 1 hour chart. There is a possible move towards 24891.1798 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
AUDJPY – Continuation Chart Pattern – Channel Up
AUDJPY is moving towards a resistance 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 8 days and may test it again within the next 2 days.
A potential bullish movement on USDJPY
USDJPY is trapped in a Rising 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 support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
AUDJPY approaching support of a Falling Wedge
AUDJPY 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 4 days and may test it again within the next 6 hours.
Breach of important price line imminent by AUDJPY
AUDJPY is moving towards a line of 94.0800 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If AUDJPY continues in its current trajectory, we […]
A final push possible on EURCHF
EURCHF is heading towards 0.9807 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Either a rebound or a breakout imminent on GBPJPY
GBPJPY is heading towards the support line of a Triangle. If this movement continues, the price of GBPJPY could test 165.7112 within the next 6 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.
Possible breach of support level by AUDJPY
AUDJPY is moving towards a support 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 AUDJPY continues in its current trajectory, we could see it […]
A final push possible on EURCHF
EURCHF is heading towards 0.9821 and could reach this point within the next 14 hours. 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.
USDCHF has broken through resistance
USDCHF has broken through a resistance line. It has touched this line at least twice in the last 13 days. This breakout may indicate a potential move to 0.9570 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]