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GBPUSD is heading towards the resistance line of a Triangle 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 from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could […]

AUDUSD is heading towards the support line of a Rising Wedge 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 from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]

For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 1.99% move on EURCHF. The movement has happened over the last 18 days. For those trend followers among you, you may think about riding this possible trend.

USDJPY is approaching the support line of a Pennant. 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 2 days.

USDCHF is moving towards a support 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 USDCHF continues in its current trajectory, we could see it […]

AUDJPY has broken through the resistance line of a Ascending Triangle 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 […]

EURGBP has moved lower by 0.43% from 0.845 to 0.842 in the last 9 hours.

USDJPY 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 115.9796 may materialize within the next 3 days.

For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 2.38% move on EURCHF. The movement has happened over the last 13 days. For those trend followers among you, you may think about riding this possible trend.

For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 0.24% move on USDCHF. The movement has happened over the last 9 hours. For those trend followers among you, you may think about riding this possible trend.