USDJPY – getting close to support of a Channel Down
USDJPY is moving towards the support line of a Channel Down. 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 6 days and may test it again within […]
Huge bullish move on USDCAD
USDCAD has moved higher by 3.6% from 1.23 to 1.275 in the last 28 days.
GBPUSD is on its way down
GBPUSD has experienced an exceptionally large movement lower by 1.44% from 1.381 to 1.366 in the last 4 days.
AUDJPY 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 1.46% move on AUDJPY. The movement has happened over the last 4 days. For those trend followers among you, you may think about riding this trend.
Huge bearish move on GBPJPY
GBPJPY has moved lower by 0.98% from 152.118 to 151.07 in the last 3 days.
Where is EURGBP moving to?
A movement of 0.59% over 12 hours on EURGBP doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward 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 Triangle. If this movement continues, we expect the price of USDJPY to test 110.6980 within the next 3 days. 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 rebounding […]
Huge bearish move on EURCHF
EURCHF has moved lower by 1.16% from 1.096 to 1.084 in the last 16 days.
Breach of support line imminent by EURUSD
EURUSD is moving towards the support line of a Falling Wedge 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 EURUSD continues in its current trajectory, […]
AUDJPY – getting close to support of a Channel Down
AUDJPY is moving towards the support line of a Channel Down. 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 15 days and may test it again within […]