USD/CAD has broken through a support line. It has touched this line numerous times in the last 2 days. This breakout shows a potential move to 1.2843 within the next 10 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Related Posts
CHFJPY is quickly approaching the support line of a Descending Triangle. We expect either a breakout through this line or a rebound.
Emerging Descending Triangle pattern in its final wave was identified on the CHFJPY 1 hour chart. After a…
Supports and resistances are primary concepts of technical analysis. EURCAD is heading for an important price of 1.5825 – read about what this could mean for the future.
EURCAD is approaching a resistance line at 1.5825. If it hits the resistance line, it may break through…
GBPCHF moves lower to 1.07054 in the last 13 days.
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…