A day run-downward on XAGUSD
A movement of 6.44% over 2 days on XAGUSD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward 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 […]
A 13 hours run-upward on EURGBP
Those of you that are trend followers are probably eagerly watching EURGBP to see if its latest 0.88% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 13 hours move. Past performance is not an indicator of future results. 63% of retail investor accounts lose money when trading […]
A 21 hours run-upward on GBPUSD
GBPUSD experienced an extremely large move that lasted 21. This movement is in the 97.0 percentile and is uncommon. It is not unusual to witness a pullback after such a big movement. Past performance is not an indicator of future results. 63% of retail investor accounts lose money when trading CFDs with this provider. You […]
USDCAD breakout through support
USDCAD has broken through 1.4289 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, USDCAD may be heading towards 1.4192 within the next 3 days. Past performance is not an indicator of future results. 63% of retail investor accounts […]
AUDUSD – resistance line breached
AUDUSD has broken through a resistance line of a Channel Down chart pattern. If this breakout holds true, we may see the price of AUDUSD testing 0.6317 within the next 3 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking […]
USDCHF approaching resistance of a Ascending Triangle
A Ascending Triangle pattern was identified on USDCHF at 0.88422, creating an expectation that it may move to the resistance line at 0.8858. 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. 63% of retail investor accounts […]
XAGUSD approaching important level of 33.4349
XAGUSD is approaching a support line at 33.4349. If it hits the support line, it may break through this level to continue the bearish trend, or it may turn around back to current levels. Past performance is not an indicator of future results. 63% of retail investor accounts lose money when trading CFDs with this […]
Should we expect a breakout or a rebound on EURJPY?
EURJPY is trapped in a Falling Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a resistance line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start […]
Breach of important price line imminent by AUDUSD
AUDUSD is moving towards a key resistance level at 0.6314. 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 […]
Big movement possible on EURCHF
EURCHF has broken through a line of 0.9554 and suggests a possible movement to 0.9580 within the next 2 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 […]