EURGBP – resistance line breached
EURGBP has broken through the resistance line of a Falling Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 10 days and suggests a possible target level […]
AUDJPY approaching support of a Flag
AUDJPY is approaching the support line of a Flag. It has touched this line numerous times in the last 7 days. If it tests this line again, it should do so in the next 11 hours.
Huge bearish move on USDCHF
USDCHF has moved lower by 1.4% from 0.99445 to 0.97896 in the last 2 days.
Will USDJPY have enough momentum to break support?
USDJPY is heading towards the support line of a Descending Triangle and could reach this point within the next 12 hours. 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 […]
Huge bullish move on EURUSD
EURUSD has moved higher by 0.82% from 0.98113 to 0.98426 in the last 19 hours.
Huge bullish move on GBPJPY
GBPJPY has moved higher by 1.87% from 161.041 to 163.804 in the last 16 hours.
Huge bearish move on AUDUSD
AUDUSD has moved lower by 5.03% from 0.68873 to 0.63922 in the last 19 days.
USDCAD – getting close to psychological price line
USDCAD is moving towards a support line. Because we have seen it retrace from this level in the past, 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 6 days and may test it again within the next […]
Huge bearish move on EURGBP
EURGBP has moved lower by 0.69% from 0.88262 to 0.87524 in the last 3 days.
EURCHF – getting close to psychological price line
EURCHF is moving towards a support line. Because we have seen it retrace from this level in the past, 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 15 days and may test it again within the next […]