Possible breach of support level by XAUUSD
A Channel Up pattern was identified on XAUUSD at 2694.5, creating an expectation that it may move to the support line at 2687.5441. It may break through that line and continue the bearish trend or it may reverse from that line. Past performance is not an indicator of future results. Losses can exceed deposits.
EURJPY – getting close to support of a Falling Wedge
EURJPY is moving towards a support 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 17 days and may test it again within the next 3 days. […]
EURGBP is on its way up
Those of you that are trend followers are probably eagerly watching EURGBP to see if its latest 1.41% 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.
Huge movement on GBPUSD, did you miss it?
GBPUSD dropped sharply for 16 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 GBPUSD there is a chance that we will witness a correction, no matter how brief. Past performance is not an […]
Dramatic change in EURJPY. A sign of things to come?
An unexpected large move has occurred on EURJPY 1 hour chart beginning at 160.15 and ending at 162.65. 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 potential bearish movement on AUDUSD
AUDUSD is about to retest a key horizontal support level near 0.6179. It has tested this level 3 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. […]
What’s going on with GBPUSD?
GBPUSD hits 1.22039 after a 2.75% move spanning 15 days. Past performance is not an indicator of future results. Losses can exceed deposits.
EURCHF running downward, don’t miss out.
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 0.71% move on EURCHF. The movement has happened over the last 3 days. For those trend followers among you, you may think about riding this possible trend. Past performance is not an indicator of future […]
AUDUSD – getting close to support of a Falling Wedge
AUDUSD is heading towards the support line of a Falling Wedge. If this movement continues, the price of AUDUSD could test 0.6112 within the next 12 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 past. Past […]
USDCHF was on its way up
Those of you that are trend followers are probably eagerly watching USDCHF to see if its latest 3.81% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 36 days move. Past performance is not an indicator of future results. Losses can exceed deposits.