I expect gold to re-test lows and form a double bottom (or at least a higher low) before it tries a second attempt to close the gap at 1560. This is the first PB off the EMA 20 after breakout off the bear channel Track this and other predictions at MarketDruids.com ("Market Druids" game on Facebook), make your own predictions and track them and your stats...
AUDUSD broke off 1.01-1.06 trading range, tested the bottoms and now falling towards next strong support at 0.96. Track this and other predictions at MarketDruids.com, make your own predictions and track them and your stats against others!
Looks like recent trading range made another failed breakout and now the tops are likely to be tested. Track this and other market predictions, make your own predictions at MarketDruids.com
Aussie just formed a double top and second entry short after trend line break. This is a reversal pattern and now it move to the lower side of it's trading range
1) First break beyond trend line - re-test of the lows is expected 2) Two legged bull move just terminated - correction is due 3) Reversal bar has formed above previous resistance level (although doji) - looks like a failed break, failed second entry long, good second entry short
Although EURUSD bear trend is losing it's momentum on dailies, it's still a prevailing trend. We're likely to test 1.2700 breakout area, so the real question here - will it hold or not? Cause if it doesn't - next stop will be 1.2480 area
Expecting some strong resistance around 152.85 area - it should move up after the gap is closed + the major trend line is running just around there. I would expect a good of test 156 area off 152.80 and if 156 holds and forms a double top thereafter - then the real correction is likely to start.
Depending on how we draw the trend line - it's an either first break of the trend line or touch of the trend line bottom, both are bullish set ups targeting at least re-test of the highs. two legs were just completed and we're also at EMA 20 resistance. Might require few days of consolidation before it fires up again.
This is was the first trend line overshoot and first channel breakout... There is a high probability that it fails and at least tries to give a test to the bottom of the channel again. On the horizontal scale - 460 was an area of strong resistance which might hold this time too.
Failed breakout of the trading range - should get back into range and test the bottom around 11 area (and close couple of gaps on its way down)
Right at the strong resistance at .618 fib level and after completing a measured move target
Gold is bouncing off its trend channel bottom, entering long with a target at least to EMA level is a high probability trade here (although it might work better when entered from the second entry)
Either gets into a range for couple of weeks or corrects now
AAPL didn't make it to the top of its bear channel as yet - may be one more push up is needed (possibly to close the gap at 500) before it starts heading deep down
Seems to be classic failed breakout/double top set up at major resistance area... In addition, seems like bulls are not very strong here as they didn't manage to make it higher to the top of the channel.... If triggers, shorting it here for the re-test of the support at 11.30 area and overshoot of trend line
Targeting second leg measured move down towards the test of trend line at around 1.33 area and probably slightly overshooting it (as the trend channel line has been recently overshoot too)
Going short here for the re-test of 1.0240 area and possible re-test of major resistance at 1.015 later