Either a rebound or a breakout imminent on USDCNH
USDCNH is heading towards the resistance line of a Channel Down. If this movement continues, we expect the price of USDCNH to test 6.4152 within the next 12 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 […]
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 14 days and may test it again within […]
Either a rebound or a breakout imminent on EURUSD
EURUSD is heading towards the support line of a Descending Triangle. If this movement continues, we expect the price of EURUSD to test 1.2161 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 […]
EURGBP 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 0.43% move on EURGBP. The movement has happened over the last 7 hours. For those trend followers among you, you may think about riding this trend.
EURCHF – psychological price line breached
EURCHF has broken through the support line of a Support. 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 numerous times in the last 14 days and suggests a target line to be around 1.0915 within the […]
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 4.71% move on USDCHF. The movement has happened over the last 51 days. For those trend followers among you, you may think about riding this trend.
A start of a bullish trend on GBPUSD
GBPUSD has broken through a line of 1.4201. If this breakout holds true, we expect the price of GBPUSD to test 1.4242 within the next 14 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.
EURCHF – getting close to psychological price line
EURCHF is moving towards the support line of a Support. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 11 days and may test it again […]
Will EURUSD have enough momentum to break support?
EURUSD is heading towards the support line of a Channel Up 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 […]
USDJPY approaching important 108.7950 price line
USDJPY is approaching the support line of a Support. It has touched this line numerous times in the last 17 days. If it tests this line again, it should do so in the next 4 days.