XAGUSD is bouncing off the 17.50 XAGUSD is testing the 19.60. This is the upside resistance of the falling wedge (usually bullish) and a break above this level would lead to an upside reversal and a retest of the most important 21.60 resistance. Price action is indicating that we […]
XAGUSD is testing the falling wedge upside resistance Read More »
EURAUD is bouncing off the 1.4650 trendline EURAUD is bouncing for the upside reversal and a test of 1.5. Although still in the downtrend, the pair shows signs of basing but needs to break above the 1.5250 level with a confirmation. A break below 1.4500 again will lead to
EURAUD is bouncing off the upside support Read More »
GBPUSD is bouncing off the 1.1400 GBPUSD is bouncing off the strong downside resistance and is correcting higher. This bounce can lead to a 1.18000 retest and even higher for a test of 1.2000 after several weeks of the downtrend. The falling wedge is visible as the bounce from
GBPUSD is bouncing off the strong downside resistance Read More »
EURAUD is breaking above the 1.4700 EURAUD is breaking above the key Inverse H&S reversal 1.4700 resistance. This break is leading higher to upside target long-term resistance 1.5200-1.5400 zone. Now only a break below 1.4700 would invalidate the complete upside reversal. We have an ECB decision today where expected
EURAUD an inverse H&S bullish reversal Read More »
DJIA is reaching 31000 DJIA is testing the key downside resistance 31000. A bounce from here is required to an upside reversal and a possible test of the range high 33000 before new low. You should be prepared for the both long and short trades here. Note: look for
DJIA is testing the significant resistance Read More »
