What’s going on with USDJPY?

Those of you that are trend followers are probably eagerly watching USDJPY to see if its latest 2.17% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 9 days move.

Either a rebound or a breakout imminent on USDCHF

USDCHF is heading towards a line of 0.9311. If this movement continues, we expect the price of USDCHF to test 0.9311 within the next 2 days. 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 just like […]

A start of a bullish trend on USDJPY

USDJPY has broken through a resistance line of a Triangle chart pattern. If this breakout holds true, we expect the price of USDJPY to test 112.1619 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing […]

A start of a bullish trend on AUDJPY

AUDJPY has broken through a resistance line of a Ascending Triangle chart pattern. If this breakout holds true, we expect the price of AUDJPY to test 82.0604 within the next 3 days. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before […]