The movement of EURUSD towards 1.0338 price line is yet another test of the line it reached numerous times in
Have you ever found yourself in a conversation about the economy and struggled to keep up? Maybe you’ve heard terms like inflation, GDP, or interest rates thrown around but weren’t quite sure how they apply to your daily life. If so, you’re not alone. Many people avoid financial news because it’s full of jargon that […]
LTCUSD experienced an extremely large move that lasted 2. This movement is in the 95.0 percentile and is uncommon. It is not unusual to witness a pullback after such a big movement.
Those of you that are trend followers are probably eagerly watching XAUUSD to see if its latest 12.74% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 56 days move.
Emerging Triangle pattern in its final wave was identified on the S&P500 1 hour chart. After a strong bearish run, we find S&P500 heading towards the upper triangle line with a possible resistance at 6040.5204. If the support shows to hold, the Triangle pattern suggests a rebound back towards current levels.
FTSE100 rose sharply for 5 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 FTSE100 there is a chance that we will witness a correction, no matter how brief.
This trade setup on GBPJPY is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bullish breakout through resistance, it seems to suggest that we could see the next price move to 189.4068.
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