USDCNH is on its way down
USDCNH has experienced an exceptionally large movement lower by 0.61% from 6.488 to 6.449 in the last 2 days.
USDJPY has broken through support
USDJPY has broken through the support line of a Triangle. It has touched this line at least twice in the last 11 days. This breakout indicates a potential move to 108.7273 within the next 2 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the […]
EURGBP experienced an exceptionally large movement
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 0.63% move on EURGBP. The movement has happened over the last 2 days. For those trend followers among you, you may think about riding this trend.
A start of a bearish trend on USDCHF
USDCHF has broken through a line of 0.9122. If this breakout holds true, we expect the price of USDCHF to test 0.9071 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.
Breach of important price line imminent by AUDUSD
AUDUSD is moving towards a line of 0.7693 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If AUDUSD continues in its current trajectory, we […]
Should we expect a breakout or a rebound on EURCHF?
The movement of EURCHF towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
Resistance line breached by GBPUSD
GBPUSD has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 1.3945 can be expected within the next 14 hours.
AUDJPY – getting close to psychological price line
AUDJPY is moving towards the resistance line of a Resistance. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 15 days and may test it again […]
Should we expect a breakout or a rebound on USDJPY?
The movement of USDJPY towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
Where is EURUSD moving to?
A movement of 0.46% over 18 hours on EURUSD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.