Where is USDCNH moving to?
A movement of 1.7% over 20 days on USDCNH 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.
Huge bullish move on USDCHF
USDCHF has moved higher by 4.3% from 0.89 to 0.931 in the last 19 days.
GBPUSD – getting close to psychological price line
GBPUSD 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 5 days and may test it again […]
EURCHF broke through important 1.1037 price line
EURCHF has broken through the resistance line of a Resistance. It has touched this line numerous times in the last 6 days. This breakout shows a potential move to 1.1088 within the next 11 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout […]
USDCHF 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 0.91% move on USDCHF. The movement has happened over the last 2 days. For those trend followers among you, you may think about riding this trend.
Either a rebound or a breakout imminent on AUDJPY
AUDJPY is heading towards the support line of a Falling Wedge. If this movement continues, we expect the price of AUDJPY to test 81.9930 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up […]
Should we expect a breakout or a rebound on USDJPY?
The movement of USDJPY towards the support line of a Channel Up is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 9 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
EURCHF broke through important 1.1000 price line
EURCHF has broken through the resistance line of a Resistance. It has touched this line numerous times in the last 6 days. This breakout shows a potential move to 1.1049 within the next 21 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout […]
What’s going on with AUDJPY?
Those of you that are trend followers are probably eagerly watching AUDJPY to see if its latest 3.02% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 2 days move.
Breach of support line imminent by USDCHF
USDCHF is moving towards the support line of a Channel Up 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 USDCHF continues in its current trajectory, […]