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.
Should we expect a breakout or a rebound on USDCAD?
The movement of USDCAD towards the support line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could 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 […]
Should we expect a breakout or a rebound on USDCHF?
The movement of USDCHF towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. This line test could 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 […]
USDCNH – support line breached
USDCNH 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 13 days and suggests a possible target level […]
Either a rebound or a breakout imminent on EURCHF
EURCHF is heading towards a line of 1.0418. If this movement continues, the price of EURCHF could test 1.0418 within the next 22 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.