Huge bearish move on EURCHF
EURCHF has moved lower by 1.03% from 1.008 to 0.997 in the last 2 days.
Support line breached by USDCNH
USDCNH has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 6.6940 may materialize within the next 6 hours.
USDJPY – psychological price line breached
USDJPY has broken through a resistance 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 16 days and suggests a possible target level to be around 137.7601 within the next 2 […]
Should we expect a bearish trend on GBPUSD?
The breakout of GBPUSD through the support line of a Channel Up could be a sign of the road ahead. If this breakout persists, we may see the price of GBPUSD testing 1.2151 within the next 2 days.
Possible start of a bullish trend on AUDJPY
AUDJPY has broken through a line of 94.1700. If this breakout holds true, we could see the price of AUDJPY heading towards 95.0905 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]
EURGBP – resistance line breached
EURGBP has broken through the resistance line of a Triangle 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 to […]
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 […]
USDJPY – resistance line breached
USDJPY has broken through the resistance line of a Triangle 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 6 days and suggests a possible target level to […]
AUDJPY – getting close to support of a Falling Wedge
AUDJPY is moving towards a support line. 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 8 days and may test it again within the next 2 days.
EURCHF approaching support of a Falling Wedge
EURCHF is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 9 hours.