Those of you that are trend followers are probably eagerly watching EURCAD to see if its latest 1.26% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 10 hours move.
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AUDCAD likely to test 0.8903 in the near future. Where to next?
AUDCAD is about to retest a key horizontal support level near 0.8903. It has tested this level 6…
Rare set of bearish consecutive candles on the USDCHF Daily chart. Can we expect a turn-around?
USDCHF has moved lower after 6 consecutive daily candles from 0.8180 to 0.7983 in the last 9 days.
Because EURCAD formed a Channel Up pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
EURCAD is approaching the resistance line of a Channel Up. It has touched this line numerous times in…