Either a rebound or a breakout imminent on USDJPY
USDJPY is heading towards a line of 110.3960. If this movement continues, we expect the price of USDJPY to test 110.3960 within the next 2 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 just like […]
Either a rebound or a breakout imminent on GBPUSD
GBPUSD is heading towards the support line of a Falling Wedge. If this movement continues, we expect the price of GBPUSD to test 1.3732 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 […]
What’s going on with AUDJPY?
Those of you that are trend followers are probably eagerly watching AUDJPY to see if its latest 1.69% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 19 hours move.
Where is AUDUSD moving to?
A movement of 1.37% over 11 hours on AUDUSD 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.
USDJPY – getting close to support of a Falling Wedge
USDJPY is moving towards the support line of a Falling 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 4 days and may test it again within […]
Should we expect a bullish trend on AUDJPY?
The breakout of AUDJPY through the 83.6720 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 AUDJPY to test 84.2166 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation […]
A start of a bearish trend on EURCHF
EURCHF has broken through a line of 1.0938. If this breakout holds true, we expect the price of EURCHF to test 1.0925 within the next 8 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.
Resistance line breached by GBPUSD
GBPUSD has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 1.3890 can be expected within the next 2 days.
EURGBP – getting close to psychological price line
EURGBP is moving towards the support line of a Support. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 29 days and may test it again […]
EURCHF 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 0.43% move on EURCHF. The movement has happened over the last 19 hours. For those trend followers among you, you may think about riding this trend.