EURCHF broke through important 0.9679 price line
EURCHF has broken through a resistance line. It has touched this line numerous times in the last 14 days. This breakout shows a potential move to 0.9732 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
EURGBP is on its way up
EURGBP has experienced an exceptionally large movement higher by 1.15% from 0.84212 to 0.85246 in the last 4 days.
Huge bullish move on USDCNH
USDCNH has moved higher by 0.92% from 6.86263 to 6.92518 in the last 3 days.
Huge bullish move on USDCAD
USDCAD has moved higher by 0.83% from 1.29159 to 1.3031 in the last 3 days.
Resistance line breached by GBPUSD
GBPUSD has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 1.1860 may materialize within the next 7 hours.
Will AUDJPY have enough momentum to break support?
AUDJPY is heading towards the support line of a Channel Up 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 from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
EURCHF approaching support of a Channel Down
EURCHF is approaching the support line of a Channel Down. It has touched this line numerous times in the last 10 days. If it tests this line again, it should do so in the next 2 days.
A possible start of a bearish trend on USDCNH
USDCNH has broken through a support line of a Channel Up chart pattern. If this breakout holds true, we may see the price of USDCNH testing 6.8220 within the next 3 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking […]
What’s going on with USDCAD?
Those of you that are trend followers are probably eagerly watching USDCAD to see if its latest 0.58% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 16 hours move.
A final push possible on USDCHF
USDCHF is heading towards 0.9635 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.