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.
Huge bearish move on EURCHF
EURCHF has moved lower by 0.49% from 1.103 to 1.098 in the last 2 days.
Breach of support line imminent by GBPUSD
GBPUSD is moving towards the support line of a 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 GBPUSD continues in its current trajectory, we […]
Huge bearish move on EURCHF
EURCHF has moved lower by 0.21% from 1.103 to 1.101 in the last 12 hours.
EURGBP – getting close to psychological price line
EURGBP 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 7 days and may test it again […]
What’s going on with USDCHF?
Those of you that are trend followers are probably eagerly watching USDCHF to see if its latest 2.91% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 27 days move.
AUDJPY is on its way up
AUDJPY has experienced an exceptionally large movement higher by 0.64% from 84.457 to 84.78 in the last 2 days.