USD/CAD has broken through a resistance line of a Channel Down and suggests a possible movement to 1.3096 within the next 8 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 23 hours.
ARTÍCULOS RELACIONADOS
A Triangle has formed, CHFJPY is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
Emerging Triangle detected on CHFJPY – the pattern is an emerging one and has not yet broken through…
AUDUSD is quickly approaching a very important level it has previously tested numerous times in the past
AUDUSD is about to retest a key horizontal support level near 0.6383. It has tested this level 5…
EURUSD – It’s perhaps in these huge moves where the greatest opportunity lies
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…