AUDUSD 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 0.65% move on AUDUSD. The movement has happened over the last 18 hours. For those trend followers among you, you may think about riding this trend.
Important price line breached by AUDJPY
AUDJPY has broken through a line of 83.6940 which it has tested numerous times in the past. We have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 83.1837 can be expected within the next […]
Breach of support line imminent by GBPUSD
GBPUSD is moving towards the support line of a Triangle which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If GBPUSD continues in its current trajectory, we […]
Where is USDCNH moving to?
A movement of 1.28% over 22 days on USDCNH 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.
Either a rebound or a breakout imminent on USDJPY
USDJPY is heading towards the resistance line of a Falling Wedge. If this movement continues, we expect the price of USDJPY to test 108.5140 within the next 20 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up […]
Important price line breached by AUDJPY
AUDJPY has broken through a line of 83.7490 which it has tested numerous times in the past. We have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 83.2122 can be expected within the next […]
USDCHF 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 2.81% move on USDCHF. The movement has happened over the last 20 days. For those trend followers among you, you may think about riding this trend.
Huge bullish move on EURCHF
EURCHF has moved higher by 0.24% from 1.1 to 1.102 in the last 18 hours.
What’s going on with GBPJPY?
Those of you that are trend followers are probably eagerly watching GBPJPY to see if its latest 0.89% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 12 hours move.
Huge bullish move on GBPUSD
GBPUSD has moved higher by 0.44% from 1.382 to 1.388 in the last 7 hours.