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.
Where is EURCHF moving to?
A movement of 1.32% over 16 days on EURCHF doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.
Where is USDJPY moving to?
A movement of 1.74% over 17 days 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.
Huge bullish move on USDJPY
USDJPY has moved higher by 2.38% from 109.689 to 111.981 in the last 16 days.
GBPUSD – getting close to support of a Channel Down
GBPUSD is moving towards the support line of a Channel Down. 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 7 days and may test it again within […]
Huge bearish move on EURCHF
EURCHF has moved lower by 1.34% from 1.091 to 1.078 in the last 15 days.
Will AUDJPY have enough momentum to break resistance?
AUDJPY is heading towards the resistance line of a Rising Wedge 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 from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]