Either a rebound or a breakout imminent on GBPUSD
GBPUSD is heading towards the support line of a Channel Down. If this movement continues, we expect the price of GBPUSD to test 1.3795 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 […]
AUDJPY approaching support of a Channel Down
AUDJPY is approaching the support line of a Channel Down. It has touched this line numerous times in the last 11 days. If it tests this line again, it should do so in the next 3 days.
What’s going on with USDJPY?
Those of you that are trend followers are probably eagerly watching USDJPY to see if its latest 0.43% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 15 hours move.
EURCHF 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 0.11% move on EURCHF. The movement has happened over the last 6 hours. For those trend followers among you, you may think about riding this trend.
GBPUSD is on its way down
GBPUSD has experienced an exceptionally large movement lower by 2.51% from 1.421 to 1.379 in the last 19 days.
Where is AUDJPY moving to?
A movement of 0.57% over 8 hours on AUDJPY 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.
EURCHF has broken through resistance
EURCHF has broken through the resistance line of a Triangle. It has touched this line at least twice in the last 17 days. This breakout indicates a potential move to 1.0959 within the next 3 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the […]
GBPJPY is on its way down
GBPJPY has experienced an exceptionally large movement lower by 0.5% from 153.639 to 152.996 in the last 7 hours.
Where is AUDJPY moving to?
A movement of 1.48% over 16 hours on AUDJPY 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.
USDCHF 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 0.46% move on USDCHF. The movement has happened over the last 6 hours. For those trend followers among you, you may think about riding this trend.