Either a rebound or a breakout imminent on USDCHF
USDCHF is heading towards the resistance line of a Rising Wedge. If this movement continues, the price of USDCHF could test 0.9307 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
GBPUSD – getting close to support of a Channel Down
GBPUSD is moving towards a support 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 9 days and may test it again within the next 2 days.
Huge bearish move on GBPJPY
GBPJPY has moved lower by 3.67% from 156.215 to 151.533 in the last 28 days.
EURUSD 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 5.02% move on EURUSD. The movement has happened over the last 27 days. For those trend followers among you, you may think about riding this possible trend.
AUDUSD 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 4.61% move on AUDUSD. The movement has happened over the last 40 days. For those trend followers among you, you may think about riding this possible trend.
USDJPY – getting close to resistance of a Rectangle
USDJPY 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 9 days and may test it again within the next 2 days.
What’s going on with GBPUSD?
Those of you that are trend followers are probably eagerly watching GBPUSD to see if its latest 3.38% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 27 days move.
Possible start of a bearish trend on AUDJPY
AUDJPY has broken through a line of 84.2450. If this breakout holds true, we could see the price of AUDJPY heading towards 83.7269 within the next 20 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any […]
What’s going on with EURCHF?
Those of you that are trend followers are probably eagerly watching EURCHF to see if its latest 5.19% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 24 days move.
USDCHF 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 0.88% move on USDCHF. The movement has happened over the last 3 days. For those trend followers among you, you may think about riding this possible trend.