EURCHF approaching important 0.9766 price line
EURCHF is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 7 days. If it tests this line again, it could do so in the next 2 days.
EURUSD approaching support of a Falling Wedge
EURUSD is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 5 days. If it tests this line again, it should do so in the next 17 hours.
EURGBP has broken through support
EURGBP 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 0.8569 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before […]
GBPJPY is on its way down
GBPJPY has experienced an exceptionally large movement lower by 0.8% from 162.407 to 161.011 in the last 3 days.
What’s going on with EURCHF?
Those of you that are trend followers are probably eagerly watching EURCHF to see if its latest 1.09% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 3 days move.
USDCHF approaching resistance of a Channel Up
USDCHF is approaching the resistance line of a Channel Up. 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 15 hours.
AUDJPY broke through important 95.2180 price line
AUDJPY has broken through a resistance line. It has touched this line numerous times in the last 2 days. This breakout shows a potential move to 95.4018 within the next 6 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
EURCHF 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 0.6% move on EURCHF. The movement has happened over the last 19 hours. For those trend followers among you, you may think about riding this possible trend.
Possible breach of resistance level by USDJPY
USDJPY is moving towards a resistance line 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, we could see it […]
AUDJPY – getting close to psychological price line
AUDJPY is moving towards a resistance 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 7 days and may test it again within the next […]