Should we expect a breakout or a rebound on AUDJPY?
The movement of AUDJPY towards 82.0390 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Huge bullish move on EURCHF
EURCHF has moved higher by 2.06% from 1.038 to 1.06 in the last 3 days.
A possible start of a bearish trend on USDJPY
USDJPY has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we may see the price of USDJPY testing 114.8311 within the next 18 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 […]
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 1.35% move on EURGBP. The movement has happened over the last 18 hours. For those trend followers among you, you may think about riding this possible trend.
EURCHF 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 1.42% move on EURCHF. The movement has happened over the last 23 hours. For those trend followers among you, you may think about riding this possible trend.
Should we expect a breakout or a rebound on AUDJPY?
The movement of AUDJPY towards the resistance line of a Triangle is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current […]
Possible breach of support level by GBPJPY
GBPJPY 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 GBPJPY continues in its current trajectory, we could see it […]
Where is USDCNH moving to?
A movement of 0.27% over 15 hours on USDCNH doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.
Will AUDJPY have enough momentum to break support?
AUDJPY is heading towards the support line of a Channel Down 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 […]
USDJPY approaching support of a Triangle
USDJPY is approaching the support line of a Triangle. It has touched this line numerous times in the last 21 hours. If it tests this line again, it should do so in the next 7 hours.