EURCHF has broken through resistance
The last 9 4 hour candles on EURCHF formed a Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 0.9458. Past performance is not an indicator of future results. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider […]
AUDUSD approaching resistance level
AUDUSD is approaching a resistance line at 0.6368. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels. Past performance is not an indicator of future results. 64% of retail investor accounts lose money when trading CFDs with this […]
USDCAD is on its way down
USDCAD has moved lower by 1.64% from 1.44219 to 1.41856 in the last 16 days. Past performance is not an indicator of future results. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Resistance breakout on XAUUSD
XAUUSD is once again retesting a key horizontal resistance level at 2909.3301. It has tested this level 6 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. […]
EURGBP – psychological price line breached
EURGBP has broken through a line of 0.8314. If this breakout holds true, we could see the price of EURGBP heading towards 0.8290 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]
USDJPY approaching important bearish key level
USDJPY is moving towards a key support level at 151.3300. USDJPY has previously tested this level 6 times and on each occasion it has bounced back off this level. Is this finally the time it will break through? Past performance is not an indicator of future results. 64% of retail investor accounts lose money when […]
Will USDCAD bounce after a massive drop?
Those of you that are trend followers are probably eagerly watching USDCAD to see if its latest 1.67% 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. 64% of retail investor accounts lose money when trading […]
Confirmed breakout on AUDUSD 4 hour chart
The breakout of AUDUSD through the 0.6309 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, AUDUSD could test 0.6386 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout. Past performance […]
XAUUSD was on its way up
XAUUSD has moved higher by 12.28% from 2588.17 to 2905.98 in the last 58 days. Past performance is not an indicator of future results. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Huge movement on USDCAD, did you miss it?
USDCAD dropped sharply for 11 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 USDCAD there is a chance that we will witness a correction, no matter how brief. Past performance is not an […]