Day: August 22, 2019
27 posts
After testing resistance twice in the past, GER30 has finally broken through. Can we expect a bullish trend to follow?
The breakout of GER30 through the resistance line of a Triangle could be a sign of the road…
Trade of the Day: NZD/CAD
By: Dima Chernovolov NZD/CAD continues to fall inside the hourly Down Channel chart pattern which was identified previously by Autochartist. Autochartist rates the quality of this Down Channel at the 4-bar level – which is the result of the below-average Initial Trend (1 bar), lower Uniformity (3 bars) and strong Clarity (8 bars). NZD/CAD is…
Important support line being approached by Soybean Meal OCTOBER 2019. This price has been tested numerous time in the last 3 days
Soybean Meal OCTOBER 2019 is moving towards the support line of a Triangle which it has tested numerous…
Why is it worth watching the Gold Silver ratio?
There are many ratios in the trading world that are worth watching. But when it comes to trading precious metals there is one key ratio that everyone must know and should watch. That, of course, is the Gold Silver ratio which is essentially the price of Gold divided by the price of silver. You might…
We expect USDCHF to trend downwards today with a 85.71% chance.
Based on the last 12 Continuing Jobless Claims events in United States, we expect USDCHF to trend downwards…
We expect USDCAD to trend upwards today with a 85.71% chance.
Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect USDCAD to trend upwards…
General Electric Co. experienced a very large 10 days bearish move to 8.16
General Electric Co. has moved lower by 11.59% from 9.23 to 8.16 in the last 10 days.
EUR/USD Target Level: 1.1065
Rectangle identified at 22-Aug-2019 10:00 UTC. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.1065 within the next day. Supported by Downward sloping Moving Average Chart 1 hourPattern RectangleLength 93 CandlesIdentified 22-Aug-2019 10:00 UTC
There is a 66.67% chance of GBPUSD trending downwards
Based on past United States Continuing Jobless Claims news events there is a 66.67% chance of GBPUSD trending…
JPN225 – approaching a support line that has been previously tested at least twice in the past
JPN225 is moving towards the support line of a Rising Wedge. Because we have seen it retrace from…