Support breakout on EURJPY
EURJPY has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 9 days and suggests a possible target level to be around 160.3391 within the next 2 […]
EURCHF broke through important 0.9559 price line
EURCHF is once again retesting a key horizontal support level at 0.9559. It has tested this level 3 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. […]
Should we expect a bullish trend on AUDUSD?
AUDUSD has broken through a resistance line. It has touched this line at least twice in the last 6 days. This breakout may indicate a potential move to 0.6380 within the next 7 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
EURGBP broke through important 0.8410 price line
EURGBP has breached the support line at 0.8410. It may continue the bearish trend towards 0.8375, or, it may prove to be yet another test of this level. Past performance is not an indicator of future results. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you […]
EURCHF running upward for the last 18 days
An unexpected large move has occurred on EURCHF Daily chart beginning at 0.93713 and ending at 0.962265. Is this a sign of something new? What can we expect in the future? Past performance is not an indicator of future results. 63% of retail investor accounts lose money when trading CFDs with this provider. You should […]
Huge movement on GBPUSD, did you miss it?
Those of you that are trend followers are probably eagerly watching GBPUSD to see if its latest 3.23% 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. 63% of retail investor accounts lose money when trading […]
NZDUSD is on its way up
Those of you that are trend followers are probably eagerly watching NZDUSD to see if its latest 3.99% 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. 63% of retail investor accounts lose money when trading […]
Where is EURJPY moving to?
EURJPY rose sharply for 18 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 EURJPY there is a chance that we will witness a correction, no matter how brief. Past performance is not an […]
EURCHF – Extreme movement, a rare opportunity
A movement of 2.65% over 18 days on EURCHF doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward 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 potential bullish movement on AUDUSD
A Channel Up pattern was identified on AUDUSD at 0.63389, creating an expectation that it may move to the resistance line at 0.6366. 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 […]