Huge bearish move on GBPUSD
GBPUSD has moved lower by 0.99% from 1.369 to 1.355 in the last 4 days.
Huge bearish move on AUDJPY
AUDJPY has moved lower by 1.14% from 80.803 to 79.864 in the last 4 days.
What’s going on with EURUSD?
Those of you that are trend followers are probably eagerly watching EURUSD to see if its latest 0.74% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 2 days move.
Should we expect a breakout or a rebound on EURUSD?
The movement of EURUSD 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 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
AUDJPY – getting close to resistance of a Channel Up
AUDJPY is moving towards the resistance line of a Channel Up. 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 14 days and may test it again within […]
Important price line breached by AUDUSD
AUDUSD has broken through a line of 0.7789 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 0.7843 can be expected within the next […]
GBPUSD – getting close to resistance of a Rising Wedge
GBPUSD 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 6 days and may test it again within […]
Will USDCHF have enough momentum to break resistance?
USDCHF is heading towards the resistance line of a Rising Wedge 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 […]
AUDJPY has broken through support
AUDJPY has broken through the support line of a Triangle. It has touched this line at least twice in the last 9 days. This breakout indicates a potential move to 79.5791 within the next 2 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the […]
Where is EURUSD moving to?
A movement of 0.35% over 5 hours on EURUSD 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.