Will USDJPY have enough momentum to break support?
USDJPY is heading towards the support line of a Channel Down 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 […]
Possibility of big movement expected on GBPUSD
GBPUSD has broken through a resistance line of a Ascending Triangle and suggests a possible movement to 1.3660 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement […]
Support line breached by GBPJPY
GBPJPY has broken through the support 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 155.5920 may materialize within the next 19 hours.
Where is USDCHF moving to?
A movement of 0.96% over 23 hours on USDCHF 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.
EURCHF – getting close to resistance of a Rising Wedge
EURCHF 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 7 days and may test it again within the next 2 days.
Big movement possible on AUDJPY
AUDJPY has broken through a line of 83.1930 and suggests a possible movement to 83.7568 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
Where is GBPUSD moving to?
A movement of 2.95% over 32 days on GBPUSD 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.
AUDUSD approaching resistance of a Channel Down
AUDUSD is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 20 hours. If it tests this line again, it should do so in the next 6 hours.
Where is EURCHF moving to?
A movement of 0.42% over 2 days on EURCHF 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.
Will GBPUSD have enough momentum to break resistance?
GBPUSD is heading towards the resistance 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 […]