Breach of support line imminent by GBPJPY
GBPJPY is moving towards the support line of a Channel Up which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If GBPJPY continues in its current trajectory, […]
USDJPY approaching resistance of a Rising Wedge
USDJPY is approaching the resistance line of a Rising Wedge. 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 2 days.
Should we expect a breakout or a rebound on AUDUSD?
The movement of AUDUSD towards the support 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 15 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
What’s going on with EURGBP?
Those of you that are trend followers are probably eagerly watching EURGBP to see if its latest 2.56% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 28 days move.
What’s going on with USDCHF?
Those of you that are trend followers are probably eagerly watching USDCHF to see if its latest 0.73% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 3 days move.
EURCHF is on its way up
EURCHF has experienced an exceptionally large movement higher by 0.47% from 1.076 to 1.082 in the last 3 days.
Breach of support line imminent by USDJPY
USDJPY is moving towards the support line of a Channel Up which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If USDJPY continues in its current trajectory, […]
Either a rebound or a breakout imminent on USDJPY
USDJPY is heading towards the support line of a Channel Up. If this movement continues, we expect the price of USDJPY to test 104.4840 within the next 6 hours. 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 […]
AUDJPY approaching resistance of a Channel Down
AUDJPY is approaching the resistance line of a Channel Down. 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.
EURCHF – getting close to support of a Falling Wedge
EURCHF 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 8 days and may test it again within […]