GBPUSD – getting close to resistance of a Rising Wedge
GBPUSD 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 6 days and may test it again within […]
Will USDCHF have enough momentum to break resistance?
USDCHF is heading towards the resistance line of a Rising 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 […]
AUDJPY has broken through support
AUDJPY has broken through the support line of a Triangle. It has touched this line at least twice in the last 9 days. This breakout indicates a potential move to 79.5791 within the next 2 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the […]
Where is EURUSD moving to?
A movement of 0.35% over 5 hours on EURUSD 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.