Either a rebound or a breakout imminent on GBPUSD
GBPUSD is heading towards the support line of a Channel Up 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 […]
EURGBP running upward for the last 21 days
An unexpected large move has occurred on EURGBP Daily chart beginning at 0.82743 and ending at 0.84503. 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.
A 11 hours run-downward on USDCAD
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 1.19% move on USDCAD. The movement has happened over the last 11 hours. For those trend followers among you, you may think about riding this possible trend. Past performance is not an indicator of future […]
Resistance breakout on EURJPY
EURJPY has broken through a resistance line. It has touched this line numerous times in the last 8 days. This breakout shows a potential move to 162.2374 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout. Past performance is […]
A potential bullish movement on AUDUSD
AUDUSD is heading towards the resistance line of a Inverse Head and Shoulders. If this movement continues, the price of AUDUSD could test 0.6226 within the next 7 hours. 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 […]
EURGBP is moving, act now
Those of you that are trend followers are probably eagerly watching EURGBP to see if its latest 1.76% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 18 days move. Past performance is not an indicator of future results. Losses can exceed deposits.
Possible breach of support level by XAUUSD
XAUUSD is heading towards the support line of a Channel Up and could reach this point within the next 3 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 […]
EURGBP was on its way up
EURGBP has experienced an extremely big movement in last 16 days. 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.
Breach of important price line imminent by AUDUSD
AUDUSD is approaching a support line at 0.6179. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels. Past performance is not an indicator of future results. Losses can exceed deposits.
A potential bearish movement on EURCHF
An emerging Descending Triangle has been detected on EURCHF on the 4 hour chart. There is a possible move towards 0.9343 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels. Past performance is not an indicator of future results. Losses can exceed deposits.