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 4 days and may test it again within the next 7 hours.
Will USDJPY have enough momentum to break support?
USDJPY is heading towards the support line of a Channel Up 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 from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
EURGBP is on its way down
EURGBP has experienced an exceptionally large movement lower by 0.81% from 0.843 to 0.837 in the last 2 days.
GBPJPY approaching support of a Channel Up
GBPJPY is approaching the support line of a Channel Up. It has touched this line numerous times in the last 9 days. If it tests this line again, it should do so in the next 2 days.
AUDUSD – support line breached
AUDUSD has broken through the support line of a Channel Up technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 14 days and suggests a possible target level […]
EURUSD is on its way down
EURUSD has experienced an exceptionally large movement lower by 0.5% from 1.147 to 1.143 in the last 5 hours.
Will GBPUSD have enough momentum to break resistance?
GBPUSD is heading towards the resistance line of a Triangle and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could […]
Will AUDUSD have enough momentum to break support?
AUDUSD is heading towards the support line of a Rising Wedge and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
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 1.99% move on EURCHF. The movement has happened over the last 18 days. For those trend followers among you, you may think about riding this possible trend.
USDJPY approaching support of a Pennant
USDJPY is approaching the support line of a Pennant. 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.