EURCHF approaching important 1.0604 price line
EURCHF is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 10 days. If it tests this line again, it could do so in the next 2 days.
GBPJPY – getting close to support of a Channel Down
GBPJPY 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 4 days and may test it again within the next 10 hours.
Either a rebound or a breakout imminent on AUDJPY
AUDJPY is heading towards the support line of a Falling Wedge. If this movement continues, the price of AUDJPY could test 83.7430 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Huge bearish move on GBPJPY
GBPJPY has moved lower by 2.82% from 157.721 to 153.579 in the last 17 days.
What’s going on with EURCHF?
Those of you that are trend followers are probably eagerly watching EURCHF to see if its latest 3.56% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 50 days move.
What’s going on with EURUSD?
Those of you that are trend followers are probably eagerly watching EURUSD to see if its latest 0.6% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 12 hours move.
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 […]
Breach of important price line imminent by USDCNH
USDCNH is moving towards a line of 6.3866 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 USDCNH continues in its current trajectory, we […]
Either a rebound or a breakout imminent on EURCHF
EURCHF is heading towards the support line of a Channel Down. If this movement continues, the price of EURCHF could test 1.0543 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Possible breach of support level by USDCHF
USDCHF 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 USDCHF continues in its current trajectory, we could see it […]