EURCHF – support line breached
EURCHF 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 9 days and suggests a possible target level […]
GBPUSD 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 0.42% move on GBPUSD. The movement has happened over the last 13 hours. For those trend followers among you, you may think about riding this possible trend.
Will AUDJPY have enough momentum to break support?
AUDJPY is heading towards the support line of a Falling 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 […]
Where is USDCHF moving to?
A movement of 0.75% over 11 hours on USDCHF 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.
Huge bullish move on GBPJPY
GBPJPY has moved higher by 0.63% from 154.277 to 155.191 in the last 3 days.
EURCHF – psychological price line breached
EURCHF has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 5 days and suggests a possible target level to be around 1.0405 within the next 16 […]
Should we expect a breakout or a rebound on GBPUSD?
The movement of GBPUSD towards the support line of a Falling Wedge 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 […]
USDJPY approaching resistance of a Channel Up
USDJPY is approaching the resistance line of a Channel Up. 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 8 hours.
GBPUSD approaching resistance of a Channel Down
GBPUSD is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 8 days. If it tests this line again, it should do so in the next 2 days.
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 4 days and may test it again within the next […]