EURCHF rose sharply for 18 hours – 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 EURCHF there is a chance that we will witness a correction, no matter how brief.
Related Posts
Will USDJPY break through the resistance level it tested before?
USDJPY is heading towards 143.3505 and could reach this point within the next 21 hours. It has tested…
A Rising Wedge has formed, EURJPY is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
EURJPY is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of…
NZDUSD moves higher to 0.5895 in the last 8 days.
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…