Huge bearish move on USDCNH
USDCNH has moved lower by 0.32% from 6.357 to 6.336 in the last 21 hours.
A final push possible on GBPUSD
GBPUSD is heading towards 1.3589 and could reach this point within the next 3 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.
A possible start of a bullish trend on EURGBP
EURGBP has broken through a resistance line of a Falling Wedge chart pattern. If this breakout holds true, we may see the price of EURGBP testing 0.8377 within the next 14 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking […]
Possible breach of resistance level by AUDJPY
AUDJPY is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If AUDJPY continues in its current trajectory, we could see it […]
EURCHF – getting close to support of a Channel Down
EURCHF is moving towards a support 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 4 days and may test it again within the next 7 hours.
Will USDJPY have enough momentum to break support?
USDJPY 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 […]
EURGBP is on its way down
EURGBP has experienced an exceptionally large movement lower by 0.81% from 0.843 to 0.837 in the last 2 days.
GBPJPY approaching support of a Channel Up
GBPJPY is approaching the support line of a Channel Up. It has touched this line numerous times in the last 9 days. If it tests this line again, it should do so in the next 2 days.
AUDUSD – support line breached
AUDUSD 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 14 days and suggests a possible target level […]
EURUSD is on its way down
EURUSD has experienced an exceptionally large movement lower by 0.5% from 1.147 to 1.143 in the last 5 hours.