Should we expect a bullish trend on USDJPY?
The breakout of USDJPY through the 104.8510 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 USDJPY to test 105.3128 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation […]
EURCHF approaching support of a Falling Wedge
EURCHF is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 8 days. If it tests this line again, it should do so in the next 2 days.
EURGBP 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 3.31% move on EURGBP. The movement has happened over the last 37 days. For those trend followers among you, you may think about riding this trend.
USDCAD – getting close to resistance of a Channel Down
USDCAD is moving towards the resistance line of a Channel Down. 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 9 days and may test it again within […]
Breach of important price line imminent by AUDJPY
AUDJPY is moving towards a line of 81.1195 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 AUDJPY continues in its current trajectory, we […]
Where is EURCHF moving to?
A movement of 0.27% over 15 hours on EURCHF 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.
USDCHF has broken through resistance
USDCHF has broken through the resistance line of a Falling Wedge. It has touched this line at least twice in the last 2 days. This breakout indicates a potential move to 0.8927 within the next 7 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of […]
Big movement expected on EURCHF
EURCHF has broken through a support line of a Rising Wedge and suggests a possible movement to 1.0793 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a […]
Huge bearish move on USDCHF
USDCHF has moved lower by 0.6% from 0.899 to 0.894 in the last 13 hours.
Should we expect a breakout or a rebound on USDJPY?
The movement of USDJPY 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 […]