AUDJPY – getting close to resistance of a Rising Wedge
AUDJPY is moving towards the resistance line of a Rising 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 […]
EURCHF is on its way up
EURCHF has experienced an exceptionally large movement higher by 0.67% from 1.077 to 1.083 in the last 20 days.
What’s going on with USDCHF?
Those of you that are trend followers are probably eagerly watching USDCHF to see if its latest 0.52% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 14 hours move.
A start of a bearish trend on EURCHF
EURCHF has broken through a support line of a Triangle chart pattern. If this breakout holds true, we expect the price of EURCHF to test 1.0799 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing […]
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 0.97% move on EURGBP. The movement has happened over the last 20 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 0.53% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 18 hours move.
Should we expect a breakout or a rebound on EURUSD?
The movement of EURUSD towards the resistance line of a Channel Down 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 […]
Big movement expected on EURCHF
EURCHF has broken through a line of 1.0814 and suggests a possible movement to 1.0829 within the next 14 hours. 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 […]
A start of a bearish trend on AUDJPY
AUDJPY has broken through a line of 79.8660. If this breakout holds true, we expect the price of AUDJPY to test 79.3298 within the next 2 days. 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.
AUDUSD – getting close to resistance of a Falling Wedge
AUDUSD is moving towards the resistance 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 8 days and may test it again within […]