Either a rebound or a breakout imminent on GBPUSD
GBPUSD is heading towards the support line of a Descending Triangle. If this movement continues, the price of GBPUSD could test 1.2010 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
AUDJPY approaching support of a Falling Wedge
AUDJPY is approaching the support line of a Falling Wedge. 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 2 days.
EURCHF approaching resistance of a Rising Wedge
EURCHF is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 3 days. If it tests this line again, it should do so in the next 14 hours.
GBPUSD – psychological price line breached
GBPUSD has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 18 days and suggests a possible target level to be around 1.1964 within the next 2 […]
Will EURGBP have enough momentum to break support?
EURGBP is heading towards the support line of a Channel Down 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 […]
A final push possible on AUDJPY
AUDJPY is heading towards 94.3240 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
What’s going on with EURCHF?
Those of you that are trend followers are probably eagerly watching EURCHF to see if its latest 0.48% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 19 hours move.
Important price line breached by GBPUSD
GBPUSD has broken through 1.2063 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, GBPUSD may be heading towards 1.2038 within the next 2 days.
AUDJPY – support line breached
AUDJPY has broken through the support line of a Rising 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 13 days and suggests a possible target level […]
What’s going on with EURCHF?
Those of you that are trend followers are probably eagerly watching EURCHF to see if its latest 0.56% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 2 days move.