USDCHF was on its way up
Those of you that are trend followers are probably eagerly watching USDCHF to see if its latest 3.81% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 36 days move. Past performance is not an indicator of future results. 64% of retail investor accounts lose money when trading […]
EURJPY – getting close to support of a Channel Down
Emerging Channel Down pattern in its final wave was identified on the EURJPY 30 Minutes chart. After a strong bearish run, we find EURJPY heading towards the upper triangle line with a possible resistance at 161.6298. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels. Past performance […]
Is EURGBP likely to correct after this massive movement?
EURGBP has experienced an extremely big movement in last 10 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 […]
Will HKG33 have enough momentum to break support?
HKG33 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 HKG33 continues in its current trajectory, we could see it […]
Should we expect a bearish trend on AUDUSD?
AUDUSD has broken through a line of 0.6193 and suggests a possible movement to 0.6156 within the next 3 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
Rare opportunity on USDCHF – extreme bullish movement
USDCHF hits 0.91105 after a 3.69% move spanning 35 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.
Possible breach of resistance level by ESP35
ESP35 is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 20 days. If it tests this line again, it should do so in the next 2 days. Past performance is not an indicator of future results. 64% of retail investor accounts lose money when trading […]
Where is EURGBP moving to?
EURGBP has experienced an extremely big movement in last 9 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 […]
USDCAD short term bullish trade setup to 1.4449
The price of USDCAD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so. Past performance is not an […]
Should we expect a breakout or a rebound on ESP35?
An emerging Channel Up has been detected on ESP35 on the 1 hour chart. There is a possible move towards 11971.1033 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels. Past performance is not an indicator of future results. 64% of retail investor accounts lose […]