EURCHF – resistance line breached

EURCHF has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 6 days and suggests a target line to be around 1.1034 […]

Breach of support line imminent by GBPUSD

GBPUSD is moving towards the support line of a Triangle 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 GBPUSD continues in its current trajectory, we […]

What’s going on with USDCHF?

Those of you that are trend followers are probably eagerly watching USDCHF to see if its latest 2.91% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 27 days move.