Should we expect a breakout or a rebound on USDJPY?
The movement of USDJPY towards the support line of a Rising 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 13 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
USDCHF is on its way up
USDCHF has experienced an exceptionally large movement higher by 0.47% from 0.915 to 0.92 in the last 11 hours.
Breach of important price line imminent by EURCHF
EURCHF is moving towards a line of 1.0823 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 EURCHF continues in its current trajectory, we […]
GBPJPY – getting close to support of a Triangle
GBPJPY is moving towards the support line of a Triangle. 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 3 days and may test it again within the […]
USDCHF is on its way up
USDCHF has experienced an exceptionally large movement higher by 0.91% from 0.907 to 0.915 in the last 10 hours.
GBPUSD approaching important 1.3882 price line
GBPUSD is approaching the support line of a Support. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 19 hours.
Big movement expected on USDJPY
USDJPY has broken through a line of 109.8310 and suggests a possible movement to 110.1225 within the next 2 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 […]
Should we expect a bullish trend on AUDJPY?
The breakout of AUDJPY through the resistance line of a Channel Down could be a sign of the road ahead. If this breakout persists, we expect the price of AUDJPY to test 81.5012 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting […]
EURCHF approaching support of a Channel Down
EURCHF is approaching the support line of a Channel Down. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 2 days.
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 0.53% move on USDCHF. The movement has happened over the last 13 hours. For those trend followers among you, you may think about riding this trend.