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.
EURJPY – getting close to support of a Channel Down
Emerging Channel Down pattern in its final wave was identified on the EURJPY 30 Minutes chart. After a strong bearish run, we find EURJPY heading towards the upper triangle line with a possible resistance at 161.6298. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels. Past performance […]
Is EURGBP likely to correct after this massive movement?
EURGBP has experienced an extremely big movement in last 10 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.
Should we expect a bearish trend on AUDUSD?
AUDUSD has broken through a line of 0.6193 and suggests a possible movement to 0.6156 within the next 3 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
Rare opportunity on USDCHF – extreme bullish movement
USDCHF hits 0.91105 after a 3.69% move spanning 35 days. Past performance is not an indicator of future results. Losses can exceed deposits.
Where is EURGBP moving to?
EURGBP has experienced an extremely big movement in last 9 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.
USDCAD short term bullish trade setup to 1.4449
The price of USDCAD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so. Past performance is not an […]
EURJPY approaches important level of 163.0710
EURJPY is moving towards a key support level at 163.0710. This is a previously tested level for EURJPY. This could be a good trading opportunity, either at the spot price, or after breaching this level. Past performance is not an indicator of future results. Losses can exceed deposits.
AUDUSD – getting close to psychological price line
AUDUSD is heading towards a line of 0.6193. If this movement continues, the price of AUDUSD could test 0.6193 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding. Past performance is not […]
EURUSD broke through important 1.0372 price line
EURUSD has broken through 1.0372 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, EURUSD may be heading towards 1.0293 within the next 2 days. Past performance is not an indicator of future results. Losses can exceed deposits.