EURGBP experienced an exceptionally large movement
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 1.47% move on EURGBP. The movement has happened over the last 8 days. For those trend followers among you, you may think about riding this trend.
Breach of support line imminent by USDJPY
USDJPY is moving towards the support line of a Triangle 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 USDJPY continues in its current trajectory, we […]
Either a rebound or a breakout imminent on EURUSD
EURUSD is heading towards the resistance line of a Falling Wedge. If this movement continues, we expect the price of EURUSD to test 1.1639 within the next 3 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 […]
Should we expect a breakout or a rebound on EURCHF?
The movement of EURCHF towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
Where is USDCHF moving to?
A movement of 0.66% over 2 days on USDCHF 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 USDJPY?
The movement of USDJPY towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
GBPUSD – getting close to resistance of a Channel Up
GBPUSD is moving towards the resistance line of a Channel Up. 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 […]
Either a rebound or a breakout imminent on EURCHF
EURCHF is heading towards the resistance line of a Channel Down. If this movement continues, we expect the price of EURCHF to test 1.0802 within the next 16 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 […]
Breach of resistance line imminent by AUDJPY
AUDJPY is moving towards the resistance line of a Channel Up 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 AUDJPY continues in its current trajectory, […]
USDCNH experienced an exceptionally large movement
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 0.33% move on USDCNH. The movement has happened over the last 4 days. For those trend followers among you, you may think about riding this trend.