GBPUSD is on its way up
GBPUSD has experienced an exceptionally large movement higher by 3.77% from 1.324 to 1.37 in the last 37 days.
USDCHF is on its way down
USDCHF has experienced an exceptionally large movement lower by 1.11% from 0.924 to 0.914 in the last 14 hours.
EURUSD approaching important 1.1352 price line
EURUSD is approaching the support line of a Support. It has touched this line numerous times in the last 5 days. If it tests this line again, it could do so in the next 16 hours.
USDCAD is on its way down
USDCAD has experienced an exceptionally large movement lower by 1% from 1.269 to 1.255 in the last 2 days.
Will USDJPY have enough momentum to break support?
USDJPY is heading towards the support line of a Channel Down 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 […]
Possibility of big movement expected on GBPUSD
GBPUSD has broken through a resistance line of a Ascending Triangle and suggests a possible movement to 1.3660 within the next 2 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 […]
Support line breached by GBPJPY
GBPJPY has broken through the support 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 155.5920 may materialize within the next 19 hours.
Where is USDCHF moving to?
A movement of 0.96% over 23 hours 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.
EURCHF – getting close to resistance of a Rising Wedge
EURCHF 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 7 days and may test it again within the next 2 days.
Big movement possible on AUDJPY
AUDJPY has broken through a line of 83.1930 and suggests a possible movement to 83.7568 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]