Where is GBPJPY moving to?
A movement of 5.71% over 16 days on GBPJPY 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.
GBPUSD is on its way up
GBPUSD has experienced an exceptionally large movement higher by 0.91% from 1.312 to 1.326 in the last 15 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 0.81% move on EURGBP. The movement has happened over the last 2 days. For those trend followers among you, you may think about riding this possible trend.
AUDJPY – getting close to resistance of a Rising Wedge
AUDJPY is moving towards a resistance line. 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 11 days and may test it again within the next 2 days.
Should we expect a breakout or a rebound on USDJPY?
The movement of USDJPY towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 19 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
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 19 days and may test it again within the next […]
AUDUSD – getting close to psychological price line
AUDUSD 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 4 days and may test it again within the next […]
USDJPY is on its way up
USDJPY has experienced an exceptionally large movement higher by 3.13% from 114.968 to 119.149 in the last 24 days.
USDCHF – support line breached
USDCHF has broken through the support line of a Channel Up 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 16 days and suggests a possible target level […]
USDCAD is on its way down
USDCAD has experienced an exceptionally large movement lower by 0.44% from 1.267 to 1.261 in the last 17 hours.