Big movement expected on AUDJPY
AUDJPY has broken through a line of 84.5480 and suggests a possible movement to 84.0407 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 […]
GBPUSD approaching support of a Falling Wedge
GBPUSD is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 2 days. If it tests this line again, it should do so in the next 8 hours.
Either a rebound or a breakout imminent on EURCHF
EURCHF is heading towards a line of 1.0932. If this movement continues, we expect the price of EURCHF to test 1.0932 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 just like […]
Breach of important price line imminent by USDCHF
USDCHF is moving towards a line of 0.8956 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 USDCHF continues in its current trajectory, we […]
GBPJPY approaching important 155.9680 price line
GBPJPY is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 6 days. If it tests this line again, it should do so in the next 18 hours.
Will AUDJPY have enough momentum to break resistance?
AUDJPY is heading towards the resistance line of a Ascending Triangle and could reach this point within the next 3 days. 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 […]
Should we expect a breakout or a rebound on EURCHF?
The movement of EURCHF towards the resistance 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 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
A final push expected on USDJPY
USDJPY is heading towards a price line of 109.0430 and could reach this point within the next 3 days. 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 could see […]
USDCHF – psychological price line breached
USDCHF has broken through the support line of a Support. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 8 days and suggests a target line to be around 0.8937 within the […]
AUDJPY approaching resistance of a Ascending Triangle
AUDJPY is approaching the resistance line of a Ascending Triangle. It has touched this line numerous times in the last 15 days. If it tests this line again, it should do so in the next 3 days.