Important price line breached by AUDJPY
AUDJPY has broken through a line of 84.0340 which it has tested numerous times in the past. We have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 83.4471 can be expected within the next […]
EURGBP 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 0.48% move on EURGBP. The movement has happened over the last 9 hours. For those trend followers among you, you may think about riding this trend.
What’s going on with USDCHF?
Those of you that are trend followers are probably eagerly watching USDCHF to see if its latest 2% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 15 days move.
AUDJPY approaching resistance of a Rising Wedge
AUDJPY is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 3 days. If it tests this line again, it should do so in the next 17 hours.
Huge bearish move on EURCHF
EURCHF has moved lower by 0.97% from 1.107 to 1.098 in the last 13 days.
GBPJPY – getting close to support of a Falling Wedge
GBPJPY 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 […]
Where is USDCAD moving to?
A movement of 0.53% over 13 hours on USDCAD 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.
Huge bullish move on EURCHF
EURCHF has moved higher by 0.49% from 1.1 to 1.105 in the last 21 hours.
Should we expect a breakout or a rebound on USDCHF?
The movement of USDCHF towards the resistance line of a Falling 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 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
Huge bearish move on USDJPY
USDJPY has moved lower by 0.78% from 109.714 to 108.851 in the last 22 hours.