Those of you that are trend followers are probably eagerly watching GBP/USD to see if its latest 0.81% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 10 hours move.
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A possible move on EURUSD as it heads towards resistance
EURUSD is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of…
Could a large bullish move on AUDCAD be a sign of things to come?
AUDCAD hits 0.90781 after a 0.58% move spanning 11 hours.
Important price line breached by AUDUSD. This price has been tested numerous times before.
A strong support level has been breached at 0.6334 on the 1 hour AUDUSD chart. Technical Analysis theory…