For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 0.81% move on EURUSD. The movement has happened over the last 14 hours. For those trend followers among you, you may think about riding this possible trend.
XAUUSD has broken through a resistance line of a Falling Wedge and suggests a possible movement to 3058.6232 within the next 7 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement […]
Those of you that are trend followers are probably eagerly watching ETHUSD to see if its latest 24.11% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 15 days move.
An emerging Channel Down has been detected on GBPJPY on the 30 Minutes chart. There is a possible move towards 185.4714 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
NGC/USD is once again retesting a key horizontal support level at 3.8940. It has tested this level 4 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.
