Breach of important price line imminent by NZDUSD
NZDUSD is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 0.5661, unless it runs out of momentum and pulls back to current levels. Past performance is not an indicator of future results. 64% […]
Either a rebound or a breakout imminent on EURCHF
EURCHF is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 8 days and may test it again within the next […]
EURJPY – Continuation Chart Pattern – Falling Wedge
EURJPY 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 EURJPY continues in its current trajectory, we could see it […]
Will NZDUSD have enough momentum to break support?
Emerging Falling Wedge detected on NZDUSD – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 0.56453 and it is expected to move to 0.5628. Past performance is […]
AUDUSD – getting close to psychological price line
The movement of AUDUSD towards 0.6251 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 6 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines. […]
Big movement possible on EURUSD
A strong support level has been breached at 1.0408 on the 15 Minutes EURUSD chart. Technical Analysis theory forecasts a movement to 1.0356 in the next 23 hours. 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 […]
Confirmed breakout on EURJPY 30 Minutes chart
EURJPY has broken through a support line. It has touched this line at least twice in the last 6 days. This breakout may indicate a potential move to 161.0666 within the next 20 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
USDCAD – Continuation Chart Pattern – Rising Wedge
USDCAD was identified at around 1.44133 having recently rebounded of the support on the 30 Minutes data interval. Ultimately, the price action of the stock has formed a Rising Wedge pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 1.4435 level. Past […]
USDCHF is moving, act now
USDCHF rose sharply for 22 hours – 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 USDCHF there is a chance that we will witness a correction, no matter how brief. Past performance is not an […]
Extreme movement on EURUSD
EURUSD has experienced an extremely big movement in last 14 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. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can […]