A final push expected on GBPUSD
GBPUSD is heading towards a price line of 1.3809 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 […]
AUDJPY – getting close to psychological price line
AUDJPY is moving towards the resistance line of a Resistance. 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 […]
Should we expect a bearish trend on EURCHF?
The breakout of EURCHF through the 1.1035 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 1.1008 within the next 22 hours. One should always be cautious before placing a trade, wait for confirmation […]
EURGBP – getting close to resistance of a Falling Wedge
EURGBP is moving towards the resistance line of a Falling Wedge. 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 22 days and may test it again within […]
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 83.5415 can be expected within the next 17 hours.
A start of a bullish trend on EURUSD
EURUSD has broken through a resistance line of a Triangle chart pattern. If this breakout holds true, we expect the price of EURUSD to test 1.2114 within the next 3 days. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing […]
Where is USDCAD moving to?
A movement of 0.83% over 20 hours on USDCAD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.
Should we expect a breakout or a rebound on EURGBP?
The movement of EURGBP towards the resistance 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 8 hours, 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 EURCHF?
The movement of EURCHF towards 1.1063 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 12 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Where is AUDUSD moving to?
A movement of 1.53% over 10 hours on AUDUSD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.