EURGBP – Continuation Chart Pattern – Rectangle
EURGBP is trapped in a Rectangle formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start of […]
EURJPY was on its way up
Those of you that are trend followers are probably eagerly watching EURJPY to see if its latest 4.75% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 28 days move. Past performance is not an indicator of future results. Losses can exceed deposits.
AUDUSD is moving, act now
AUDUSD hits 0.62232 after a 4.43% move spanning 29 days. Past performance is not an indicator of future results. Losses can exceed deposits.
A potential bullish movement on EURJPY
Emerging Rising Wedge detected on EURJPY – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 164.548 and it is expected to move to 165.4300. Past performance is […]
Is NZDUSD likely to correct after this massive movement?
NZDUSD experienced an extremely large move that lasted 29. This movement is in the 5.0 percentile and is uncommon. It is not unusual to witness a pullback after such a big movement. Past performance is not an indicator of future results. Losses can exceed deposits.
Resistance line breached by EURGBP
EURGBP moved through the resistance line of a Triangle at 0.8309156666666668 on the 4 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 0.8354. Past performance is not an indicator […]
What’s going on with AUDUSD?
AUDUSD dropped sharply for 27 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 AUDUSD there is a chance that we will witness a correction, no matter how brief. Past performance is not an […]
EURJPY running upward, don’t miss out.
Those of you that are trend followers are probably eagerly watching EURJPY to see if its latest 3.91% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 24 days move. Past performance is not an indicator of future results. Losses can exceed deposits.
A final push possible on NZDUSD
NZDUSD is moving towards a key resistance level at 0.5662. This is a previously tested level for NZDUSD. 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.
Possible start of a bullish trend as EURCHF breaks resistance
EURCHF has broken through a resistance line. It has touched this line numerous times in the last 7 days. This breakout shows a potential move to 0.9390 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 […]