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 20 days and may test it again […]
Breach of resistance line imminent by GBPUSD
GBPUSD is moving towards the resistance line of a Rising Wedge 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 GBPUSD continues in its current trajectory, […]
A final push expected on AUDJPY
AUDJPY is heading towards a price line of 85.1700 and could reach this point within the next 3 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 could see […]
Should we expect a breakout or a rebound on EURCHF?
The movement of EURCHF towards the support line of a Falling 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 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
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.