A start of a bullish trend on GBPUSD
GBPUSD has broken through a line of 1.4201. If this breakout holds true, we expect the price of GBPUSD to test 1.4242 within the next 14 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.
EURCHF – getting close to psychological price line
EURCHF is moving towards the support line of a Support. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 11 days and may test it again […]
Will EURUSD have enough momentum to break support?
EURUSD is heading towards the support line of a Channel Up 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 […]
USDJPY approaching important 108.7950 price line
USDJPY is approaching the support line of a Support. It has touched this line numerous times in the last 17 days. If it tests this line again, it should do so in the next 4 days.
Support line breached by AUDJPY
AUDJPY has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 83.6425 can be expected within the next 3 days.
USDCAD 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 0.79% move on USDCAD. The movement has happened over the last 2 days. For those trend followers among you, you may think about riding this trend.
Huge bullish move on EURCHF
EURCHF has moved higher by 0.38% from 1.095 to 1.1 in the last 20 hours.
AUDUSD approaching support of a Descending Triangle
AUDUSD is approaching the support line of a Descending 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 4 days.
AUDJPY – getting close to psychological price line
AUDJPY is moving towards the support line of a Support. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 7 days and may test it again […]
Huge bullish move on GBPUSD
GBPUSD has moved higher by 0.67% from 1.409 to 1.418 in the last 19 hours.