GBPUSD approaching resistance of a Ascending Triangle
GBPUSD is approaching the resistance line of a Ascending Triangle. It has touched this line numerous times in the last 13 days. If it tests this line again, it should do so in the next 3 days.
Where is USDCHF moving to?
A movement of 0.72% over 2 days on USDCHF doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.
Possibility of big movement expected on USDJPY
USDJPY has broken through a resistance line of a Falling Wedge and suggests a possible movement to 115.1375 within the next 3 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement […]
Either a rebound or a breakout imminent on AUDJPY
AUDJPY is heading towards a line of 83.0960. If this movement continues, the price of AUDJPY could test 83.0960 within the next 21 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.
Where is EURUSD moving to?
A movement of 0.37% over 13 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.
EURCHF – getting close to support of a Channel Down
EURCHF 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 5 days and may test it again within the next 14 hours.
Possible breach of resistance level by EURGBP
EURGBP 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 EURGBP continues in its current trajectory, we could see it […]
AUDJPY – getting close to support of a Triangle
AUDJPY 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 15 days and may test it again within the next 3 days.
Either a rebound or a breakout imminent on AUDUSD
AUDUSD is heading towards the support line of a Rising Wedge. If this movement continues, the price of AUDUSD could test 0.7178 within the next 9 hours. 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.
Possible breach of resistance level by EURGBP
EURGBP 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 EURGBP continues in its current trajectory, we could see it […]