Should we expect a breakout or a rebound on EURCHF?
The movement of EURCHF towards the support line of a Falling Wedge is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
Where is USDCHF moving to?
A movement of 0.67% over 4 days on USDCHF 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.
Breach of important price line imminent by GBPJPY
GBPJPY is moving towards a line of 152.3200 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If GBPJPY continues in its current trajectory, we […]
Should we expect a breakout or a rebound on EURCHF?
The movement of EURCHF towards the support line of a Triangle is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back […]
Will USDCNH have enough momentum to break support?
USDCNH is heading towards the support line of a Triangle and could reach this point within the next 7 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 could […]
What’s going on with USDCAD?
Those of you that are trend followers are probably eagerly watching USDCAD to see if its latest 3.06% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 29 days move.
USDJPY – getting close to resistance of a Ascending Triangle
USDJPY is moving towards the resistance line of a Ascending Triangle. 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 7 days and may test it again within […]
EURGBP 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 1.24% move on EURGBP. The movement has happened over the last 8 days. For those trend followers among you, you may think about riding this trend.
EURCHF approaching resistance of a Channel Down
EURCHF is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 21 hours.
Should we expect a breakout or a rebound on GBPUSD?
The movement of GBPUSD towards 1.3732 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 15 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.