Will AUDJPY have enough momentum to break support?
AUDJPY is heading towards the support line of a Falling Wedge and could reach this point within the next 11 hours. 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 […]
GBPUSD 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 0.75% move on GBPUSD. The movement has happened over the last 2 days. For those trend followers among you, you may think about riding this possible trend.
Will AUDJPY have enough momentum to break support?
AUDJPY is heading towards the support line of a Falling 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 […]
Where is EURGBP moving to?
A movement of 3.16% over 45 days on EURGBP 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.
Should we expect a breakout or a rebound on EURCHF?
The movement of EURCHF towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
Either a rebound or a breakout imminent on GBPUSD
GBPUSD is heading towards the support line of a Triangle. If this movement continues, the price of GBPUSD could test 1.3573 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.
Possible breach of support level by AUDJPY
AUDJPY 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 AUDJPY continues in its current trajectory, we could see it […]
Either a rebound or a breakout imminent on EURCHF
EURCHF is heading towards the resistance line of a Channel Down. If this movement continues, the price of EURCHF could test 1.0439 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.
A final push possible on USDCHF
USDCHF is heading towards 0.9140 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Either a rebound or a breakout imminent on USDJPY
USDJPY is heading towards the support line of a Head and Shoulders. If this movement continues, the price of USDJPY could test 114.4550 within the next 7 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.