Should we expect a bearish trend on GBPUSD?
The breakout of GBPUSD through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we may see the price of GBPUSD testing 1.3376 within the next 2 days.
Should we expect a breakout or a rebound on USDCAD?
The movement of USDCAD 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 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
AUDJPY – getting close to resistance of a Rising Wedge
AUDJPY 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 12 days and may test it again within the next 2 days.
What’s going on with GBPJPY?
Those of you that are trend followers are probably eagerly watching GBPJPY to see if its latest 0.88% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 4 days move.
What’s going on with USDJPY?
Those of you that are trend followers are probably eagerly watching USDJPY to see if its latest 0.28% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 12 hours move.
Possible breach of resistance level by GBPUSD
GBPUSD 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 GBPUSD continues in its current trajectory, we could see it […]
Breach of important price line imminent by AUDJPY
AUDJPY is moving towards a line of 82.5320 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If AUDJPY continues in its current trajectory, we […]
AUDJPY – getting close to resistance of a Channel Up
AUDJPY 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 11 hours.
USDJPY – support line breached
USDJPY has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 4 days and suggests a possible target level […]
What’s going on with GBPJPY?
Those of you that are trend followers are probably eagerly watching GBPJPY to see if its latest 0.81% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 23 hours move.