A potential bearish movement on HKG33
HKG33 is moving towards a support line 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 HKG33 continues in its current trajectory, we could see it […]
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 […]