What’s going on with USDCAD?
Those of you that are trend followers are probably eagerly watching USDCAD to see if its latest 0.67% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 4 hours move.
Will AUDJPY have enough momentum to break support?
AUDJPY is heading towards the support line of a Triangle and could reach this point within the next 11 hours. 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 down
EURCHF has experienced an exceptionally large movement lower by 1.02% from 1.11 to 1.101 in the last 14 days.
Should we expect a breakout or a rebound on GBPUSD?
The movement of GBPUSD towards the resistance line of a Ascending Triangle 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 […]
Support line breached by EURCHF
EURCHF 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 1.1015 can be expected within the next 3 days.
GBPUSD – support line breached
GBPUSD has broken through the support line of a Head and Shoulders 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 7 days and suggests a target line to be […]
Should we expect a breakout or a rebound on AUDJPY?
The movement of AUDJPY towards the resistance line of a Triangle 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 back […]
GBPJPY approaching support of a Channel Up
GBPJPY is approaching the support line of a Channel Up. It has touched this line numerous times in the last 24 days. If it tests this line again, it should do so in the next 3 days.
Where is EURCHF moving to?
A movement of 0.45% over 2 days on EURCHF 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.
Support line breached by AUDUSD
AUDUSD 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 0.7713 can be expected within the next 23 hours.