EURCHF approaching resistance of a Rising Wedge
EURCHF 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.
Huge bearish move on USDCAD
USDCAD has moved lower by 0.92% from 1.29796 to 1.28698 in the last 2 days.
Big movement possible on USDCHF
USDCHF has broken through a line of 0.9723 and suggests a possible movement to 0.9658 within the next 2 days. 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 […]
Possible breach of resistance level by AUDJPY
AUDJPY 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 AUDJPY continues in its current trajectory, we could see it […]
Huge bearish move on EURCHF
EURCHF has moved lower by 5.3% from 1.0477 to 0.98532 in the last 38 days.
What’s going on with EURUSD?
Those of you that are trend followers are probably eagerly watching EURUSD to see if its latest 1.28% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 4 days move.
Huge bearish move on USDCAD
USDCAD has moved lower by 0.89% from 1.31274 to 1.2999 in the last 3 days.
Huge bearish move on EURCHF
EURCHF has moved lower by 5.25% from 1.0477 to 0.98576 in the last 37 days.
Possible breach of support level by USDJPY
USDJPY is moving towards a support 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 […]
Huge bearish move on EURGBP
EURGBP has moved lower by 1.85% from 0.86093 to 0.84587 in the last 14 days.