A potential bearish movement on USDJPY
USDJPY is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If USDJPY continues in its current trajectory, we could see it […]
EURJPY – Reversal Chart Pattern – Triangle
EURJPY is heading towards the support line of a Triangle and could reach this point within the next 10 hours. 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 could […]
AUDUSD – getting close to psychological price line
AUDUSD is moving towards a key support level at 0.6349. This is a previously tested level for AUDUSD. 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. 63% of retail investor accounts lose money when trading CFDs with […]
Is EURGBP likely to correct after this massive movement?
A movement of 0.32% over 3 days on EURGBP doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction. Past performance is not an indicator of future results. 63% of retail investor accounts lose money when trading CFDs with this […]
Triangle breakout on EURCHF
The breakout of EURCHF through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of EURCHF testing 0.9381 within the next 2 days. Past performance is not an indicator of future results. 63% of retail investor accounts lose money when trading […]
GBPUSD – Continuation Chart Pattern – Rising Wedge
Emerging Rising Wedge detected on GBPUSD – 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 1.26437 and it is expected to move to 1.2708. Past performance is […]
USDCAD approaching important bearish key level
The movement of USDCAD towards 1.4177 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines. […]
AUDUSD approaching important level of 0.6370
AUDUSD is heading towards 0.6370 and could reach this point within the next 19 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels. […]
Will NZDUSD have enough momentum to break resistance?
A Rising Wedge pattern was identified on NZDUSD at 0.5733, creating an expectation that it may move to the resistance line at 0.5779. It may break through that line and continue the bullish trend or it may reverse from that line. Past performance is not an indicator of future results. 64% of retail investor accounts […]
A potential bearish movement on EURGBP
An emerging Channel Down has been detected on EURGBP on the 1 hour chart. There is a possible move towards 0.8237 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. 64% of retail investor accounts lose […]