Should we expect a breakout or a rebound on USDJPY?
The movement of USDJPY towards the support line of a Descending Triangle is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
EURUSD broke through important 1.1292 price line
EURUSD has broken through a support line. It has touched this line numerous times in the last 20 days. This breakout shows a potential move to 1.1217 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Support line breached by GBPUSD
GBPUSD 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 1.3454 may materialize within the next 5 hours.
USDJPY approaching support of a Descending Triangle
USDJPY is approaching the support line of a Descending Triangle. It has touched this line numerous times in the last 11 days. If it tests this line again, it should do so in the next 3 days.
Should we expect a breakout or a rebound on EURGBP?
The movement of EURGBP towards the support line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
Should we expect a breakout or a rebound on EURCHF?
The movement of EURCHF towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could happen in the next 18 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
Will AUDJPY have enough momentum to break support?
AUDJPY is heading towards the support line of a Falling Wedge and could reach this point within the next 11 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 […]
GBPUSD experienced an exceptionally large movement
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 0.75% move on GBPUSD. The movement has happened over the last 2 days. For those trend followers among you, you may think about riding this possible trend.
Will AUDJPY have enough momentum to break support?
AUDJPY 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 […]
Where is EURGBP moving to?
A movement of 3.16% over 45 days 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.