Possible breach of resistance level by EURGBP
EURGBP 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 EURGBP continues in its current trajectory, we could see it […]
AUDJPY – getting close to support of a Triangle
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 15 days and may test it again within the next 3 days.
Either a rebound or a breakout imminent on AUDUSD
AUDUSD is heading towards the support line of a Rising Wedge. If this movement continues, the price of AUDUSD could test 0.7178 within the next 9 hours. 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.
Possible breach of resistance level by EURGBP
EURGBP 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 EURGBP continues in its current trajectory, we could see it […]
Should we expect a breakout or a rebound on USDCHF?
The movement of USDCHF towards the resistance line of a Falling Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 5 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
EURUSD approaching support of a Channel Down
EURUSD is approaching the support line of a Channel Down. It has touched this line numerous times in the last 13 days. If it tests this line again, it should do so in the next 3 days.
Where is EURGBP moving to?
A movement of 0.45% over 21 hours on EURGBP 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.
USDJPY approaching support of a Triangle
USDJPY is approaching the support line of a Triangle. It has touched this line numerous times in the last 15 days. If it tests this line again, it should do so in the next 3 days.
AUDJPY – getting close to support of a Channel Up
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 3 days and may test it again within the next 16 hours.
Possible breach of support level by EURCHF
EURCHF is moving towards a support 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 EURCHF continues in its current trajectory, we could see it […]