Breach of important price line imminent by USDJPY
USDJPY is moving towards a line of 139.8010 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USDJPY continues in its current trajectory, we […]
A final push possible on GBPUSD
GBPUSD is heading towards 1.2121 and could reach this point within the next 6 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
EURCHF – getting close to psychological price line
EURCHF is moving towards a support line. Because we have seen it retrace from this level in the past, 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 the next […]
AUDJPY broke through important 93.8830 price line
AUDJPY has broken through a resistance line. It has touched this line numerous times in the last 3 days. This breakout shows a potential move to 94.2397 within the next 13 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
A final push possible on USDCNH
USDCNH is heading towards 7.1510 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
EURCHF approaching resistance of a Triangle
EURCHF is approaching the resistance line of a Triangle. 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 4 days.
USDCAD approaching resistance of a Channel Down
USDCAD is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 7 days. If it tests this line again, it should do so in the next 18 hours.
AUDUSD is on its way up
AUDUSD has experienced an exceptionally large movement higher by 1.81% from 0.66461 to 0.67662 in the last 17 hours.
Big movement possible on USDJPY
USDJPY has broken through a line of 139.6320 and suggests a possible movement to 139.0006 within the next 23 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
EURGBP approaching support of a Channel Down
EURGBP is approaching the support line of a Channel Down. 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.