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 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
Either a rebound or a breakout imminent on GBPUSD
GBPUSD is heading towards the support line of a Triangle. If this movement continues, the price of GBPUSD could test 1.3573 within the next 2 days. 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 support level by AUDJPY
AUDJPY 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 AUDJPY continues in its current trajectory, we could see it […]
Either a rebound or a breakout imminent on EURCHF
EURCHF is heading towards the resistance line of a Channel Down. If this movement continues, the price of EURCHF could test 1.0439 within the next 2 days. 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.
A final push possible on USDCHF
USDCHF is heading towards 0.9140 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.
Either a rebound or a breakout imminent on USDJPY
USDJPY is heading towards the support line of a Head and Shoulders. If this movement continues, the price of USDJPY could test 114.4550 within the next 7 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.
What’s going on with EURCHF?
Those of you that are trend followers are probably eagerly watching EURCHF to see if its latest 0.13% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 8 hours move.
Either a rebound or a breakout imminent on AUDJPY
AUDJPY is heading towards the support line of a Falling Wedge. If this movement continues, the price of AUDJPY could test 82.0980 within the next 2 days. 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.
Huge bullish move on GBPUSD
GBPUSD has moved higher by 3.64% from 1.324 to 1.368 in the last 39 days.
EURGBP approaching resistance of a Inverse Head and Shoulders
EURGBP is approaching the resistance line of a Inverse Head and Shoulders. 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 2 days.