Extreme movement on NZDUSD
Those of you that are trend followers are probably eagerly watching NZDUSD to see if its latest 1.64% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 2 days move. Past performance is not an indicator of future results. 64% of retail investor accounts lose money when trading […]
A potential bearish movement on AUDUSD
AUDUSD is moving towards a support line. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within the next 5 hours. […]
A potential bullish movement on ESP35
ESP35 is about to retest a key horizontal resistance level near 11669.5303. It has tested this level 5 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. […]
Resistance line breached by HKG33
HKG33 has broken through a resistance line of a Falling Wedge chart pattern. If this breakout holds true, we may see the price of HKG33 testing 20086.0553 within the next 8 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking […]
Where is EURCHF moving to?
Those of you that are trend followers are probably eagerly watching EURCHF to see if its latest 0.47% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 12 hours move. Past performance is not an indicator of future results. 64% of retail investor accounts lose money when trading […]
Resistance line breached by HKG33
HKG33 has broken through a resistance line of a Falling Wedge chart pattern. If this breakout holds true, we may see the price of HKG33 testing 20086.0553 within the next 8 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking […]