Will USDCAD bounce after a massive drop?
Those of you that are trend followers are probably eagerly watching USDCAD to see if its latest 1.67% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 15 days move. Past performance is not an indicator of future results. Losses can exceed deposits.
Confirmed breakout on AUDUSD 4 hour chart
The breakout of AUDUSD through the 0.6309 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, AUDUSD could test 0.6386 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout. Past performance […]
XAUUSD was on its way up
XAUUSD has moved higher by 12.28% from 2588.17 to 2905.98 in the last 58 days. Past performance is not an indicator of future results. Losses can exceed deposits.
Huge movement on USDCAD, did you miss it?
USDCAD dropped sharply for 11 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in USDCAD there is a chance that we will witness a correction, no matter how brief. Past performance is not an […]
Where is USDCHF moving to?
An unexpected large move has occurred on USDCHF 1 hour chart beginning at 0.91316 and ending at 0.90384. Is this a sign of something new? What can we expect in the future? Past performance is not an indicator of future results. Losses can exceed deposits.
Should we expect a breakout or a rebound on XAGUSD?
XAGUSD was identified at around 32.199 having recently rebounded of the resistance on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 31.8289 level. Past […]
A potential bearish movement on EURGBP
EURGBP is about to retest a key horizontal support level near 0.8323. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend. Past performance is not an indicator of future results. […]
Will EURUSD have enough momentum to break resistance?
The movement of EURUSD towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 8 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
EURJPY was on its way down
Those of you that are trend followers are probably eagerly watching EURJPY to see if its latest 4.45% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 19 days move. Past performance is not an indicator of future results. Losses can exceed deposits.
AUDUSD – support line broken at 2025-02-12T10:00:00.000Z
Channel Up pattern identified on AUDUSD has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 0.6259 in the next 16. Past performance is not an indicator of future results. Losses can exceed deposits.