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Day: December 4, 2019

32 posts

XAU/USD Target Level: 1466.6862

Rising Wedge has broken through the support line at 04-Dec-2019 09:30 UTC. Possible bearish price movement forecast for the next 7 hours towards 1466.6862. Supported by RSI above 60 Chart 30 MinutesPattern Rising WedgeLength 52 CandlesIdentified 04-Dec-2019 09:30 UTC

The Accumulation/Distribution Indicator

A double bottom that fails to hold, resistance that gets sliced in a heartbeat or just a trend that surprisingly breaks. Those are just a few of the“nasty“ pitfalls that nearly every trader regularly encounters. Those pitfalls are seemingly out of the blue but are, in fact, just a result of another dimension acting in…

EUR/NZD Target Level: 1.7055

Triangle has broken through the resistance line at 04-Dec-2019 02:00 UTC. Possible bullish price movement forecast for the next 14 hours towards 1.7055. Supported by RSI below 40 Chart 1 hourPattern TriangleLength 57 CandlesIdentified 04-Dec-2019 02:00 UTC