Breach of important price line imminent by AUDUSD
AUDUSD is moving towards a line of 0.7693 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 AUDUSD continues in its current trajectory, we […]
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 […]
Resistance line breached by GBPUSD
GBPUSD has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 1.3945 can be expected within the next 14 hours.
AUDJPY – getting close to psychological price line
AUDJPY is moving towards the resistance line of a Resistance. 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 15 days and may test it again […]
Should we expect a breakout or a rebound on USDJPY?
The movement of USDJPY towards the resistance line of a Channel Up 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 […]
Where is EURUSD moving to?
A movement of 0.46% over 18 hours on EURUSD 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 – resistance line breached
EURCHF has broken through the resistance line of a Triangle technical chart pattern. 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 twice in the last 6 days and suggests a target line to be around 1.1034 […]
GBPUSD 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 0.64% move on GBPUSD. The movement has happened over the last 13 hours. For those trend followers among you, you may think about riding this trend.
AUDJPY approaching resistance of a Rising Wedge
AUDJPY is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 14 days. If it tests this line again, it should do so in the next 3 days.
USDJPY is on its way up
USDJPY has experienced an exceptionally large movement higher by 0.52% from 108.804 to 109.345 in the last 3 days.