Where is USDCHF moving to?
An unexpected large move has occurred on USDCHF 1 hour chart beginning at 0.91316 and ending at 0.90384. Is this a sign of something new? What can we expect in the future? Past performance is not an indicator of future results. 64% of retail investor accounts lose money when trading CFDs with this provider. You […]
Should we expect a breakout or a rebound on XAGUSD?
XAGUSD was identified at around 32.199 having recently rebounded of the resistance on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 31.8289 level. Past […]
A potential bearish movement on EURGBP
EURGBP is about to retest a key horizontal support level near 0.8323. It has tested this level 5 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. […]
Will EURUSD have enough momentum to break resistance?
The movement of EURUSD towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 8 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
EURJPY was on its way down
Those of you that are trend followers are probably eagerly watching EURJPY to see if its latest 4.45% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 19 days move. Past performance is not an indicator of future results. 64% of retail investor accounts lose money when trading […]
AUDUSD – support line broken at 2025-02-12T10:00:00.000Z
Channel Up pattern identified on AUDUSD has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the price expected to reach 0.6259 in the next 16. Past performance is not an indicator of future results. 64% of retail investor accounts lose money […]
Will GBPUSD have enough momentum to break resistance?
GBPUSD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
Where is EURCHF moving to?
EURCHF has experienced an extremely big movement in last 18 hours. 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. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can […]
EURGBP approaching important level of 0.8378
EURGBP is moving towards a line of 0.8378 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If EURGBP continues in its current trajectory, we […]
Dramatic change in XAUUSD. A sign of things to come?
XAUUSD has moved higher by 12.74% from 2588.17 to 2917.92 in the last 56 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.