USDJPY approaching support of a Channel Down
USDJPY is approaching the support line of a Channel Down. It has touched this line numerous times in the last 9 days. If it tests this line again, it should do so in the next 3 days.
Huge bullish move on GBPUSD
GBPUSD has moved higher by 6.03% from 1.07965 to 1.13296 in the last 11 days.
GBPJPY has broken through support
GBPJPY has broken through a support line. It has touched this line at least twice in the last 11 days. This breakout may indicate a potential move to 158.4413 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
AUDJPY – getting close to psychological price line
AUDJPY is moving towards a support line. Because we have seen it retrace from this level in the past, 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 11 days and may test it again within the next […]
EURCHF – getting close to resistance of a Channel Up
EURCHF is moving towards a resistance line. 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 10 days and may test it again within the next 3 days.
EURUSD – support line breached
EURUSD has broken through the support line of a Channel Up technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 8 days and suggests a possible target level […]
EURGBP – resistance line breached
EURGBP has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 10 days and suggests a possible target level […]
AUDJPY approaching support of a Flag
AUDJPY is approaching the support line of a Flag. It has touched this line numerous times in the last 7 days. If it tests this line again, it should do so in the next 11 hours.
Huge bearish move on USDCHF
USDCHF has moved lower by 1.4% from 0.99445 to 0.97896 in the last 2 days.
Will USDJPY have enough momentum to break support?
USDJPY is heading towards the support line of a Descending Triangle and could reach this point within the next 12 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 […]