Breach of important price line imminent by USDCAD
USDCAD is moving towards a line of 1.2526 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 […]
EURGBP – getting close to psychological price line
EURGBP 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 5 days and may test it again […]
Should we expect a breakout or a rebound on USDJPY?
The movement of USDJPY towards 109.9910 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
GBPJPY – getting close to resistance of a Channel Up
GBPJPY 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 23 days and may test it again within […]
A final push expected on GBPUSD
GBPUSD is heading towards a price line of 1.3837 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 could see […]
EURGBP – psychological price line breached
EURGBP has broken through the resistance line of a Resistance. 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 4 days and suggests a target line to be around 0.8702 within the […]
Either a rebound or a breakout imminent on EURUSD
EURUSD is heading towards a line of 1.1881. If this movement continues, we expect the price of EURUSD to test 1.1881 within the next 13 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 rebounding just like […]
EURUSD has broken through support
EURUSD has broken through the support line of a Rising Wedge. It has touched this line at least twice in the last 4 days. This breakout indicates a potential move to 1.1863 within the next 20 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of […]
Either a rebound or a breakout imminent on AUDUSD
AUDUSD is heading towards a line of 0.7598. If this movement continues, we expect the price of AUDUSD to test 0.7598 within the next 2 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 USDCNH
USDCNH is moving towards a line of 6.5502 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 USDCNH continues in its current trajectory, we […]