Breach of important price line imminent by AUDJPY
AUDJPY is moving towards a line of 80.7700 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 AUDJPY continues in its current trajectory, we […]
USDJPY – getting close to resistance of a Rising Wedge
USDJPY is moving towards the resistance line of a Rising Wedge. Because we have seen it retrace from this line before, 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 14 days and may test it again within […]
Either a rebound or a breakout imminent on USDCAD
USDCAD is heading towards the support line of a Channel Down. If this movement continues, we expect the price of USDCAD to test 1.2490 within the next 18 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 […]
Should we expect a bullish trend on EURCHF?
The breakout of EURCHF through the 1.0819 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of EURCHF to test 1.0855 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation […]
Breach of resistance line imminent by GBPJPY
GBPJPY is moving towards the resistance line of a Ascending 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 GBPJPY continues in its current trajectory, […]
Huge bullish move on EURUSD
EURUSD has moved higher by 0.3% from 1.171 to 1.175 in the last 10 hours.
AUDJPY approaching resistance of a Triangle
AUDJPY is approaching the resistance line of a Triangle. It has touched this line numerous times in the last 19 days. If it tests this line again, it should do so in the next 3 days.
Will USDJPY have enough momentum to break resistance?
USDJPY is heading towards the resistance line of a Rising Wedge and could reach this point within the next 5 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
Big movement expected on EURCHF
EURCHF has broken through a line of 1.0812 and suggests a possible movement to 1.0849 within the next 3 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]
AUDJPY – getting close to resistance of a Inverse Head and Shoulders
AUDJPY is moving towards the resistance line of a Inverse Head and Shoulders. Because we have seen it retrace from this line before, 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 14 days and may test it […]