EURCHF – support line breached
EURCHF has broken through the support line of a Head and Shoulders technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 9 days and suggests a possible target […]
Will USDCHF have enough momentum to break support?
USDCHF is heading towards the support line of a Falling Wedge and could reach this point within the next 9 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 […]
Either a rebound or a breakout imminent on GBPUSD
GBPUSD is heading towards the support line of a Falling Wedge. If this movement continues, the price of GBPUSD could test 1.1956 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
AUDJPY approaching important 93.8850 price line
AUDJPY is approaching the support line of a Support. It has touched this line numerous times in the last 2 days. If it tests this line again, it could do so in the next 5 hours.
USDCAD – getting close to psychological price line
USDCAD 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 18 days and may test it again within the next […]
GBPUSD approaching important 1.1876 price line
GBPUSD is approaching the support line of a Support. It has touched this line numerous times in the last 32 days. If it tests this line again, it could do so in the next 3 days.
AUDJPY approaching important 94.0100 price line
AUDJPY is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 26 days. If it tests this line again, it could do so in the next 3 days.
EURCHF approaching important 0.9885 price line
EURCHF is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 24 days. If it tests this line again, it could do so in the next 2 days.
GBPUSD approaching support of a Channel Down
GBPUSD is approaching the support line of a Channel Down. It has touched this line numerous times in the last 2 days. If it tests this line again, it should do so in the next 13 hours.
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 1.75% move on EURGBP. The movement has happened over the last 15 days. For those trend followers among you, you may think about riding this possible trend.