Should we expect a bullish trend on EURCHF?
The breakout of EURCHF through the 1.1074 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of EURCHF to test 1.1098 within the next 22 hours. One should always be cautious before placing a trade, wait for confirmation […]
USDJPY is on its way up
USDJPY has experienced an exceptionally large movement higher by 0.55% from 108.699 to 109.279 in the last 2 days.
Should we expect a breakout or a rebound on AUDJPY?
The movement of AUDJPY 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 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
Should we expect a breakout or a rebound on GBPUSD?
The movement of GBPUSD towards 1.3734 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 7 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
EURUSD approaching support of a Falling Wedge
EURUSD is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 21 hours. If it tests this line again, it should do so in the next 7 hours.
Breach of important price line imminent by EURCHF
EURCHF is moving towards a line of 1.1038 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 EURCHF continues in its current trajectory, we […]
Where is GBPJPY moving to?
A movement of 0.69% over 14 hours on GBPJPY 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.
Huge bearish move on AUDJPY
AUDJPY has moved lower by 1.15% from 83.435 to 82.472 in the last 12 hours.
What’s going on with AUDUSD?
Those of you that are trend followers are probably eagerly watching AUDUSD to see if its latest 0.73% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 6 hours move.
Where is GBPJPY moving to?
A movement of 0.8% over 14 hours on GBPJPY 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.