Huge bullish move on USDCHF
USDCHF has moved higher by 1.08% from 0.918 to 0.927 in the last 2 days.
Where is USDCAD moving to?
A movement of 1.13% over 17 hours 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.
Possible breach of support level by GBPUSD
GBPUSD 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 GBPUSD continues in its current trajectory, we could see it […]
AUDJPY – getting close to psychological price line
AUDJPY 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 16 days and may test it again within the next […]
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 […]