Will EURCHF have enough momentum to break support?
EURCHF is heading towards the support line of a Falling Wedge and could reach this point within the next 3 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 […]
Will AUDJPY have enough momentum to break resistance?
AUDJPY is heading towards the resistance line of a Triangle 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 […]
USDCAD 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 0.71% move on USDCAD. The movement has happened over the last 13 hours. For those trend followers among you, you may think about riding this trend.
EURGBP is on its way up
EURGBP has experienced an exceptionally large movement higher by 0.33% from 0.886 to 0.887 in the last 8 hours.
Either a rebound or a breakout imminent on EURUSD
EURUSD is heading towards the support line of a Channel Down. If this movement continues, we expect the price of EURUSD to test 1.2054 within the next 3 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 […]
A final push expected on AUDJPY
AUDJPY is heading towards a price line of 80.3710 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 […]
Where is EURCHF moving to?
A movement of 0.96% over 13 days 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.
Will EURGBP have enough momentum to break resistance?
EURGBP is heading towards the resistance line of a Ascending Triangle and could reach this point within the next 23 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 […]
A final push expected on AUDJPY
AUDJPY is heading towards a price line of 80.8685 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 […]
EURCHF has broken through resistance
EURCHF has broken through the resistance line of a Falling Wedge. It has touched this line at least twice in the last 4 days. This breakout indicates a potential move to 1.0770 within the next 7 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of […]