AUDUSD experienced an exceptionally large movement
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 5.34% move on AUDUSD. The movement has happened over the last 28 days. For those trend followers among you, you may think about riding this possible trend. Past performance is not an indicator of future […]
EURUSD approaching important level of 1.1389
EURUSD is moving towards a key resistance level at 1.1389. EURUSD has previously tested this level 3 times and on each occasion it has bounced back off this level. Is this finally the time it will break through? Past performance is not an indicator of future results. Losses can exceed deposits.
EURJPY approaching important bearish key level
A strong support level has been identified at 161.7060 on the 4 hour EURJPY chart. EURJPY is likely to test it soon. Past performance is not an indicator of future results. Losses can exceed deposits.
Should we expect a breakout or a rebound on EURCHF?
EURCHF was identified at around 0.934365 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 0.9303 level. Past […]
Dramatic change in AUDUSD. A sign of things to come?
Those of you that are trend followers are probably eagerly watching AUDUSD to see if its latest 5.07% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 27 days move. Past performance is not an indicator of future results. Losses can exceed deposits.
Will EURUSD have enough momentum to break support?
EURUSD is heading towards the support line of a Channel Down. If this movement continues, the price of EURUSD could test 1.1177 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past. Past […]
EURCHF – support line broken at 2025-05-02T11:00:00.000Z
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 0.9302 but consider reducing the size of your position as the price gets […]
Continuation pattern on AUDUSD
AUDUSD has broken through a resistance line of a Triangle chart pattern. If this breakout holds true, we may see the price of AUDUSD testing 0.6441 within the next 21 hours. 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 […]
USDJPY experienced an exceptionally large movement
USDJPY has experienced an extremely big movement in last day. It may continue the trend, but this would make the move unprecedented in the recent past. Past performance is not an indicator of future results. Losses can exceed deposits.
A potential bearish movement on EURGBP
EURGBP was identified at around 0.849545 having recently rebounded of the resistance on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 0.8450 level. Past […]