USDCHF 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 0.64% move on USDCHF. The movement has happened over the last 11 hours. For those trend followers among you, you may think about riding this trend.
A final push expected on USDCAD
USDCAD is heading towards a price line of 1.2700 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 from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see […]
AUDUSD approaching important 0.7324 price line
AUDUSD is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 3 days. If it tests this line again, it should do so in the next 13 hours.
Should we expect a bearish trend on GBPUSD?
The breakout of GBPUSD through the support line of a Descending Triangle could be a sign of the road ahead. If this breakout persists, we expect the price of GBPUSD to test 1.3750 within the next 17 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting […]
Either a rebound or a breakout imminent on EURCHF
EURCHF is heading towards the resistance line of a Ascending Triangle. If this movement continues, we expect the price of EURCHF to test 1.0904 within the next 18 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up […]
Breach of resistance line imminent by USDCHF
USDCHF is moving towards the resistance line of a Channel Up 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 USDCHF continues in its current trajectory, […]
Will USDJPY have enough momentum to break support?
USDJPY is heading towards the support line of a Channel Down and could reach this point within the next 18 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 approaching important 1.3868 price line
GBPUSD is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 12 days. If it tests this line again, it should do so in the next 2 days.
Huge bullish move on EURCHF
EURCHF has moved higher by 0.05% from 1.086 to 1.086 in the last 9 hours.
USDCHF approaching support of a Rising Wedge
USDCHF is approaching the support line of a Rising Wedge. It has touched this line numerous times in the last 12 days. If it tests this line again, it should do so in the next 3 days.