USDCAD approaching resistance of a Rising Wedge
USDCAD is moving towards a resistance line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 4 days and may test it again within the next 7 hours. […]
EURCHF – getting close to support of a Channel Down
The movement of EURCHF towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
NZDUSD running downward for the last 22 hours
NZDUSD has moved lower by 1.07% from 0.56599 to 0.55991 in the last 22 hours. Past performance is not an indicator of future results. Losses can exceed deposits.
AUDUSD is moving, act now
AUDUSD has moved lower by 1.39% from 0.62994 to 0.62117 in the last 17 hours. Past performance is not an indicator of future results. Losses can exceed deposits.
Extreme movement on USDCAD
USDCAD has moved higher by 0.79% from 1.43275 to 1.44413 in the last 11 hours. Past performance is not an indicator of future results. Losses can exceed deposits.
Should we expect a breakout or a rebound on EURUSD?
EURUSD is heading towards the resistance line of a Ascending Triangle and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
Possible breach of support level by EURJPY
Emerging Channel Down pattern in its final wave was identified on the EURJPY 4 hour chart. After a strong bearish run, we find EURJPY heading towards the upper triangle line with a possible resistance at 154.2779. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels. Past performance […]
EURCHF approaching support of a Channel Down
EURCHF is approaching the support line of a Channel Down. It has touched this line numerous times in the last 8 days. If it tests this line again, it should do so in the next 19 hours. Past performance is not an indicator of future results. Losses can exceed deposits.
A day run-upward on USDCAD
USDCAD has moved higher by 0.58% from 1.42499 to 1.43323 in the last 2 days. Past performance is not an indicator of future results. Losses can exceed deposits.
EURJPY approaching important level of 157.4210
EURJPY is moving towards a key resistance level at 157.4210. EURJPY has previously tested this level 4 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.