Where is GBPUSD moving to?
A movement of 2.95% over 32 days on GBPUSD 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.
AUDUSD approaching resistance of a Channel Down
AUDUSD is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 20 hours. If it tests this line again, it should do so in the next 6 hours.
Where is EURCHF moving to?
A movement of 0.42% over 2 days on EURCHF 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.
Will GBPUSD have enough momentum to break resistance?
GBPUSD is heading towards the resistance 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 […]
Where is AUDUSD moving to?
A movement of 1.56% over 19 hours on AUDUSD 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.
Possibility of big movement expected on EURCHF
EURCHF has broken through a resistance line of a Triangle and suggests a possible movement to 1.0423 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 back […]
A possible start of a bearish trend on AUDJPY
AUDJPY has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we may see the price of AUDJPY testing 83.4226 within the next 12 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 […]
Possible breach of support level by GBPUSD
GBPUSD 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 GBPUSD continues in its current trajectory, we could see it […]
What’s going on with GBPJPY?
Those of you that are trend followers are probably eagerly watching GBPJPY to see if its latest 5.24% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 34 days move.
Where is EURGBP moving to?
A movement of 2.89% over 29 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.