AUDUSD experienced an exceptionally large movement
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 0.4% move on AUDUSD. The movement has happened over the last 19 hours. For those trend followers among you, you may think about riding this trend.
A start of a bullish trend on EURCHF
EURCHF has broken through a line of 1.0964. If this breakout holds true, we expect the price of EURCHF to test 1.0980 within the next 20 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.
What’s going on with EURGBP?
Those of you that are trend followers are probably eagerly watching EURGBP to see if its latest 0.32% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 3 days move.
What’s going on with AUDJPY?
Those of you that are trend followers are probably eagerly watching AUDJPY to see if its latest 0.24% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 3 days move.
What’s going on with USDCHF?
Those of you that are trend followers are probably eagerly watching USDCHF to see if its latest 0.38% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 6 hours move.
Breach of important price line imminent by EURCHF
EURCHF is moving towards a line of 1.0942 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If EURCHF continues in its current trajectory, we […]
EURGBP – resistance line breached
EURGBP has broken through the resistance line of a Falling Wedge 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 10 days and suggests a target line to be around […]
USDCAD is on its way up
USDCAD has experienced an exceptionally large movement higher by 2.42% from 1.206 to 1.236 in the last 22 days.
Either a rebound or a breakout imminent on GBPJPY
GBPJPY is heading towards the resistance line of a Channel Up. If this movement continues, we expect the price of GBPJPY to test 155.1060 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up […]
Huge bullish move on EURCHF
EURCHF has moved higher by 0.13% from 1.095 to 1.096 in the last 6 hours.