Those of you that are trend followers are probably eagerly watching USD/CAD to see if its latest 2.21% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 20 days move.
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A possible move on NZDUSD as it heads towards resistance
A Rising Wedge pattern was identified on NZDUSD at 0.59518, creating an expectation that it may move to…
GBPCHF seems to be on its way to resistance – a possible opportunity?
GBPCHF is about to retest a key horizontal resistance level near 1.0843. It has tested this level 4…
Because USDJPY formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
USDJPY is heading towards the resistance line of a Channel Down and could reach this point within the…