Huge bearish move on GBPUSD
GBPUSD has moved lower by 0.96% from 1.412 to 1.398 in the last 13 hours.
What’s going on with USDJPY?
Those of you that are trend followers are probably eagerly watching USDJPY to see if its latest 0.7% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 8 hours move.
EURCHF approaching support of a Channel Down
EURCHF is approaching the support line of a Channel Down. It has touched this line numerous times in the last 15 days. If it tests this line again, it should do so in the next 3 days.
Either a rebound or a breakout imminent on EURGBP
EURGBP is heading towards the support line of a Descending Triangle. If this movement continues, we expect the price of EURGBP to test 0.8568 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 […]
GBPUSD – support line breached
GBPUSD has broken through the support line of a Descending Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 6 days and suggests a target line to be around […]
USDJPY broke through important 109.8860 price line
USDJPY has broken through the resistance line of a Resistance. It has touched this line numerous times in the last 13 days. This breakout shows a potential move to 110.3546 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout […]
Will AUDJPY have enough momentum to break resistance?
AUDJPY is heading towards the resistance line of a Triangle and could reach this point within the next 3 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 […]
EURCHF is on its way up
EURCHF has experienced an exceptionally large movement higher by 0.28% from 1.088 to 1.09 in the last 3 days.
GBPUSD approaching important 1.4120 price line
GBPUSD is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 5 days. If it tests this line again, it should do so in the next 16 hours.
Breach of important price line imminent by AUDJPY
AUDJPY is moving towards a line of 84.2420 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 AUDJPY continues in its current trajectory, we […]