Breach of important price line imminent by AUDJPY
AUDJPY is moving towards a line of 82.5320 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If AUDJPY continues in its current trajectory, we […]
AUDJPY – getting close to resistance of a Channel Up
AUDJPY 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 3 days and may test it again within the next 11 hours.
USDJPY – support line breached
USDJPY has broken through the support line of a Rising Wedge 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 4 days and suggests a possible target level […]
What’s going on with GBPJPY?
Those of you that are trend followers are probably eagerly watching GBPJPY to see if its latest 0.81% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 23 hours move.
EURCHF – getting close to support of a Falling Wedge
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 9 days and may test it again within the next 3 days.
AUDJPY – getting close to resistance of a Channel Up
AUDJPY 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 2 days and may test it again within the next 11 hours.
Where is AUDUSD moving to?
A movement of 1.3% over 16 hours on AUDUSD 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.
Big movement possible on GBPUSD
GBPUSD has broken through a line of 1.3283 and suggests a possible movement to 1.3373 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 […]
Possible breach of resistance level by EURGBP
EURGBP is moving towards a resistance 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 EURGBP continues in its current trajectory, we could see it […]
Where is AUDJPY moving to?
A movement of 0.89% over 20 hours on AUDJPY 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.