USDJPY – getting close to psychological price line
USDJPY is moving towards a resistance line. Because we have seen it retrace from this level in the past, 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 10 days and may test it again within the next […]
Will EURCHF have enough momentum to break support?
EURCHF is heading towards the support line of a Channel Down 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 […]
GBPUSD approaching important 1.2343 price line
GBPUSD is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 14 days. If it tests this line again, it could do so in the next 3 days.
Possible breach of resistance level by AUDUSD
AUDUSD is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If AUDUSD continues in its current trajectory, we could see it […]
Will EURCHF have enough momentum to break support?
EURCHF is heading towards the support line of a Channel Down and could reach this point within the next 4 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 […]
USDCNH – getting close to resistance of a Channel Up
USDCNH is moving towards a resistance 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 3 days and may test it again within the next 17 hours.
A final push possible on GBPUSD
GBPUSD is heading towards 1.2301 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.
Possible start of a bullish trend on AUDJPY
AUDJPY has broken through a line of 94.5720. If this breakout holds true, we could see the price of AUDJPY heading towards 96.5260 within the next 3 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 […]
Will EURCHF have enough momentum to break support?
EURCHF is heading towards the support line of a Channel Down 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 […]
Where is USDCAD moving to?
A movement of 3.36% over 14 days on USDCAD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.