Breach of important price line imminent by AUDJPY
AUDJPY is moving towards a line of 81.1195 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 AUDJPY continues in its current trajectory, we […]
Where is EURCHF moving to?
A movement of 0.27% over 15 hours on EURCHF 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.
USDCHF has broken through resistance
USDCHF has broken through the resistance line of a Falling Wedge. It has touched this line at least twice in the last 2 days. This breakout indicates a potential move to 0.8927 within the next 7 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of […]
Big movement expected on EURCHF
EURCHF has broken through a support line of a Rising Wedge and suggests a possible movement to 1.0793 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a […]
Huge bearish move on USDCHF
USDCHF has moved lower by 0.6% from 0.899 to 0.894 in the last 13 hours.
Should we expect a breakout or a rebound on USDJPY?
The movement of USDJPY towards the resistance 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 8 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
AUDJPY – getting close to resistance of a Rising Wedge
AUDJPY is moving towards the resistance line of a Rising Wedge. 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 4 days and may test it again within […]
EURCHF is on its way up
EURCHF has experienced an exceptionally large movement higher by 0.67% from 1.077 to 1.083 in the last 20 days.
What’s going on with USDCHF?
Those of you that are trend followers are probably eagerly watching USDCHF to see if its latest 0.52% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 14 hours move.
A start of a bearish trend on EURCHF
EURCHF has broken through a support line of a Triangle chart pattern. If this breakout holds true, we expect the price of EURCHF to test 1.0799 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing […]