Breach of important price line imminent by USDCAD
USDCAD is moving towards a line of 1.2064 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 USDCAD continues in its current trajectory, we […]
Will EURCHF have enough momentum to break support?
EURCHF is heading towards the support line of a Falling Wedge and could reach this point within the next 2 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 […]
Either a rebound or a breakout imminent on AUDJPY
AUDJPY is heading towards a line of 85.1870. If this movement continues, we expect the price of AUDJPY to test 85.1870 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 rebounding just like […]
GBPUSD approaching important 1.4208 price line
GBPUSD is approaching the resistance line of a Resistance. 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 2 days.
Will AUDUSD have enough momentum to break support?
AUDUSD is heading towards the support line of a Channel Down and could reach this point within the next 2 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 […]
Breach of resistance line imminent by AUDJPY
AUDJPY 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 AUDJPY continues in its current trajectory, […]
Big movement expected on AUDJPY
AUDJPY has broken through a line of 84.5480 and suggests a possible movement to 84.0407 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 […]
GBPUSD approaching support of a Falling Wedge
GBPUSD is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 2 days. If it tests this line again, it should do so in the next 8 hours.
Either a rebound or a breakout imminent on EURCHF
EURCHF is heading towards a line of 1.0932. If this movement continues, we expect the price of EURCHF to test 1.0932 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 rebounding just like […]
Breach of important price line imminent by USDCHF
USDCHF is moving towards a line of 0.8956 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 USDCHF continues in its current trajectory, we […]