Breach of resistance line imminent by GBPJPY
GBPJPY is moving towards the resistance line of a Ascending 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 GBPJPY continues in its current trajectory, […]
Huge bullish move on EURUSD
EURUSD has moved higher by 0.3% from 1.171 to 1.175 in the last 10 hours.
AUDJPY approaching resistance of a Triangle
AUDJPY is approaching the resistance line of a Triangle. It has touched this line numerous times in the last 19 days. If it tests this line again, it should do so in the next 3 days.
Will USDJPY have enough momentum to break resistance?
USDJPY is heading towards the resistance line of a Rising Wedge and could reach this point within the next 5 hours. 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 […]
Big movement expected on EURCHF
EURCHF has broken through a line of 1.0812 and suggests a possible movement to 1.0849 within the next 3 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]
AUDJPY – getting close to resistance of a Inverse Head and Shoulders
AUDJPY is moving towards the resistance line of a Inverse Head and Shoulders. 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 14 days and may test it […]
Should we expect a breakout or a rebound on USDJPY?
The movement of USDJPY towards the support 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 13 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
USDCHF is on its way up
USDCHF has experienced an exceptionally large movement higher by 0.47% from 0.915 to 0.92 in the last 11 hours.
Breach of important price line imminent by EURCHF
EURCHF is moving towards a line of 1.0823 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If EURCHF continues in its current trajectory, we […]
GBPJPY – getting close to support of a Triangle
GBPJPY is moving towards the support line of a Triangle. 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 3 days and may test it again within the […]