Huge bearish move on USDCAD
USDCAD has moved lower by 3.13% from 1.282 to 1.249 in the last 30 days.
AUDJPY is on its way down
AUDJPY has experienced an exceptionally large movement lower by 1.44% from 93.965 to 92.531 in the last 21 hours.
What’s going on with USDCNH?
Those of you that are trend followers are probably eagerly watching USDCNH to see if its latest 0.4% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 20 hours move.
Possible breach of resistance level by USDJPY
USDJPY is moving towards a resistance line 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 USDJPY continues in its current trajectory, we could see it […]
EURGBP approaching support of a Descending Triangle
EURGBP is approaching the support line of a Descending Triangle. It has touched this line numerous times in the last 21 hours. If it tests this line again, it should do so in the next 7 hours.
Huge bullish move on USDCNH
USDCNH has moved higher by 0.25% from 6.363 to 6.38 in the last 14 hours.
What’s going on with AUDUSD?
Those of you that are trend followers are probably eagerly watching AUDUSD to see if its latest 1.28% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 9 hours move.
AUDJPY broke through important 92.8540 price line
AUDJPY has broken through a resistance line. It has touched this line numerous times in the last 8 days. This breakout shows a potential move to 93.8029 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
What’s going on with EURGBP?
Those of you that are trend followers are probably eagerly watching EURGBP to see if its latest 0.75% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 22 hours move.
USDJPY – getting close to psychological price line
USDJPY is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 8 days and may test it again within the next […]