Possible breach of support level by USDCHF
USDCHF 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 USDCHF continues in its current trajectory, we could see it […]
AUDJPY – resistance line breached
AUDJPY has broken through the resistance line of a Ascending Triangle 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 […]
Huge bearish move on EURGBP
EURGBP has moved lower by 0.43% from 0.845 to 0.842 in the last 9 hours.
Resistance line breached by USDJPY
USDJPY has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 115.9796 may materialize within the next 3 days.
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 2.38% move on EURCHF. The movement has happened over the last 13 days. For those trend followers among you, you may think about riding this possible trend.
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 0.24% move on USDCHF. The movement has happened over the last 9 hours. For those trend followers among you, you may think about riding this possible trend.
Should we expect a breakout or a rebound on AUDJPY?
The movement of AUDJPY towards 82.0390 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Huge bullish move on EURCHF
EURCHF has moved higher by 2.06% from 1.038 to 1.06 in the last 3 days.
A possible start of a bearish trend on USDJPY
USDJPY has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we may see the price of USDJPY testing 114.8311 within the next 18 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking […]
EURGBP 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 1.35% move on EURGBP. The movement has happened over the last 18 hours. For those trend followers among you, you may think about riding this possible trend.