A final push possible on USDCNH
USDCNH is heading towards 7.1510 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
EURCHF approaching resistance of a Triangle
EURCHF is approaching the resistance line of a Triangle. It has touched this line numerous times in the last 24 days. If it tests this line again, it should do so in the next 4 days.
USDCAD approaching resistance of a Channel Down
USDCAD is approaching the resistance line of a Channel Down. 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 18 hours.
AUDUSD is on its way up
AUDUSD has experienced an exceptionally large movement higher by 1.81% from 0.66461 to 0.67662 in the last 17 hours.
Big movement possible on USDJPY
USDJPY has broken through a line of 139.6320 and suggests a possible movement to 139.0006 within the next 23 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
EURGBP approaching support of a Channel Down
EURGBP is approaching the support line of a Channel Down. It has touched this line numerous times in the last 8 days. If it tests this line again, it should do so in the next 2 days.
Huge bullish move on EURCHF
EURCHF has moved higher by 0.47% from 0.97713 to 0.98174 in the last 14 hours.
Breach of important price line imminent by AUDJPY
AUDJPY is moving towards a line of 94.0930 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If AUDJPY continues in its current trajectory, we […]
Either a rebound or a breakout imminent on USDCHF
USDCHF is heading towards a line of 0.9506. If this movement continues, the price of USDCHF could test 0.9506 within the next 16 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 rebounding.
GBPUSD – getting close to resistance of a Ascending Triangle
GBPUSD is moving towards a resistance line. 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 5 days and may test it again within the next 15 hours.