Should we expect a breakout or a rebound on GBPJPY?
The movement of GBPJPY towards the support line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 16 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
Where is USDJPY moving to?
A movement of 0.33% over 15 hours on USDJPY 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.
A possible start of a bullish trend on GBPUSD
GBPUSD has broken through a resistance line of a Inverse Head and Shoulders chart pattern. If this breakout holds true, we may see the price of GBPUSD testing 1.3302 within the next 3 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout […]
A final push possible on AUDJPY
AUDJPY is heading towards 81.2110 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Important price line breached by EURCHF
EURCHF has broken through 1.0403 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, EURCHF may be heading towards 1.0377 within the next 2 days.
Possible breach of support level by AUDUSD
AUDUSD 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 AUDUSD continues in its current trajectory, we could see it […]
USDCAD is on its way up
USDCAD has experienced an exceptionally large movement higher by 0.9% from 1.272 to 1.282 in the last 2 days.
Should we expect a bearish trend on GBPUSD?
The breakout of GBPUSD through the 1.3216 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, GBPUSD could test 1.3174 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
A final push possible on AUDJPY
AUDJPY is heading towards 80.6910 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
A final push possible on EURCHF
EURCHF is heading towards 1.0409 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.