Big Movement EUR/USD
EUR/USD experienced a 0.49% bullish movement in the last 22 hours.
Big Movement USD/CHF
USD/CHF experienced a 0.82% bullish movement in the last 4 hours.
Big Movement USD/CHF
USD/CHF experienced a 0.82% bullish movement in the last 4 hours.
SILVER approaching support of a Falling Wedge
A Falling Wedge pattern was identified on SILVER at 32.02, creating an expectation that it may move to the support line at 31.6925. It may break through that line and continue the bearish trend or it may reverse from that line.
GOLD breakout through support
GOLD has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 2712.1842 may materialize within the next 15 hours.
Is GOLD likely to correct after this massive movement?
An unexpected large move has occurred on GOLD 1 hour chart beginning at 2758.55 and ending at 2735.25. Is this a sign of something new? What can we expect in the future?
SILVER – Continuation Chart Pattern – Channel Down
SILVER 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 SILVER continues in its current trajectory, we could see it […]
GOLD – Reversal Chart Pattern – Ascending Triangle
A Ascending Triangle pattern was identified on GOLD at 2781.2, creating an expectation that it may move to the resistance line at 2790.4440. It may break through that line and continue the bullish trend or it may reverse from that line.
SILVER – support line breached
SILVER has broken through a support line of a Triangle chart pattern. If this breakout holds true, we may see the price of SILVER testing 33.1494 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 any […]
SILVER – Reversal Chart Pattern – Channel Up
SILVER was identified at around 34.173 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 34.0950 level.