Breach of support line imminent by AUDUSD
AUDUSD is moving towards the support line of a Rising Wedge 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 AUDUSD continues in its current trajectory, […]
AUDJPY 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 0.89% move on AUDJPY. The movement has happened over the last 21 hours. For those trend followers among you, you may think about riding this trend.
GBPJPY is on its way up
GBPJPY has experienced an exceptionally large movement higher by 0.75% from 153.206 to 154.353 in the last 16 hours.
EURCHF is on its way up
EURCHF has experienced an exceptionally large movement higher by 0.15% from 1.094 to 1.096 in the last 8 hours.
Either a rebound or a breakout imminent on GBPUSD
GBPUSD is heading towards the support line of a Channel Down. If this movement continues, we expect the price of GBPUSD to test 1.3795 within the next 3 days. 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 […]
AUDJPY approaching support of a Channel Down
AUDJPY is approaching the support line of a Channel Down. 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.
What’s going on with USDJPY?
Those of you that are trend followers are probably eagerly watching USDJPY to see if its latest 0.43% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 15 hours move.
EURCHF 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 0.11% move on EURCHF. The movement has happened over the last 6 hours. For those trend followers among you, you may think about riding this trend.
GBPUSD is on its way down
GBPUSD has experienced an exceptionally large movement lower by 2.51% from 1.421 to 1.379 in the last 19 days.
Where is AUDJPY moving to?
A movement of 0.57% over 8 hours on AUDJPY 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.