AUDJPY broke through important 81.5740 price line
AUDJPY has broken through the support line of a Support. It has touched this line numerous times in the last 4 days. This breakout shows a potential move to 81.3173 within the next 11 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout […]
EURCHF – support line breached
EURCHF has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 7 days and suggests a target line to be around […]
AUDUSD – getting close to support of a Channel Up
AUDUSD is moving towards the support 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 15 days and may test it again within […]
Huge bullish move on AUDJPY
AUDJPY has moved higher by 4.27% from 78.398 to 81.711 in the last 16 days.
What’s going on with EURCHF?
Those of you that are trend followers are probably eagerly watching EURCHF to see if its latest 0.19% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 3 days move.
Either a rebound or a breakout imminent on AUDJPY
AUDJPY is heading towards the support line of a Channel Up. If this movement continues, we expect the price of AUDJPY to test 81.2530 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 […]
Where is AUDUSD moving to?
A movement of 3.7% over 15 days on AUDUSD 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.
GBPUSD 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 0.51% move on GBPUSD. The movement has happened over the last 22 hours. For those trend followers among you, you may think about riding this trend.
Either a rebound or a breakout imminent on USDCHF
USDCHF is heading towards the support line of a Channel Down. If this movement continues, we expect the price of USDCHF to test 0.9101 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 […]
Should we expect a breakout or a rebound on AUDJPY?
The movement of AUDJPY towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 10 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]