GBPJPY approaching important 155.9680 price line
GBPJPY is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 6 days. If it tests this line again, it should do so in the next 18 hours.
Will AUDJPY have enough momentum to break resistance?
AUDJPY is heading towards the resistance line of a Ascending 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 […]
Should we expect a breakout or a rebound on EURCHF?
The movement of EURCHF towards the resistance line of a Rising 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 […]
A final push expected on USDJPY
USDJPY is heading towards a price line of 109.0430 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 see […]
USDCHF – psychological price line breached
USDCHF has broken through the support line of a Support. 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 numerous times in the last 8 days and suggests a target line to be around 0.8937 within the […]
AUDJPY approaching resistance of a Ascending Triangle
AUDJPY is approaching the resistance line of a Ascending Triangle. 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.
A start of a bullish trend on EURCHF
EURCHF has broken through a line of 1.0991. If this breakout holds true, we expect the price of EURCHF to test 1.1002 within the next 5 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.
GBPUSD – getting close to support of a Descending Triangle
GBPUSD is moving towards the support line of a Descending 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 12 days and may test it again within […]
Breach of support line imminent by USDJPY
USDJPY is moving towards the support line of a Falling 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 USDJPY continues in its current trajectory, […]
Big movement expected on AUDJPY
AUDJPY has broken through a line of 84.8190 and suggests a possible movement to 85.4858 within the next 19 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]