Those of you that are trend followers are probably eagerly watching USD/CAD to see if its latest 0.35% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 16 hours move.
Related Posts
A Channel Down has formed, EURJPY is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
Emerging Channel Down detected on EURJPY – the pattern is an emerging one and has not yet broken…
USDCHF seems to be on its way to support – a possible opportunity?
USDCHF is heading towards a line of 0.8849. If this movement continues, the price of USDCHF could test…
Could a large bullish move on EURCAD be a sign of things to come?
EURCAD hits 1.48201 after a 1.74% move spanning 5 days.