What’s going on with EURCHF?
Those of you that are trend followers are probably eagerly watching EURCHF to see if its latest 3.56% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 50 days move.
What’s going on with EURUSD?
Those of you that are trend followers are probably eagerly watching EURUSD to see if its latest 0.6% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 12 hours move.
Possible breach of support level by GBPUSD
GBPUSD 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 GBPUSD continues in its current trajectory, we could see it […]
Breach of important price line imminent by USDCNH
USDCNH is moving towards a line of 6.3866 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USDCNH continues in its current trajectory, we […]
Either a rebound or a breakout imminent on EURCHF
EURCHF is heading towards the support line of a Channel Down. If this movement continues, the price of EURCHF could test 1.0543 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Possible breach of support level by USDCHF
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 […]
Where is AUDUSD moving to?
A movement of 4.08% over 34 days on AUDUSD 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.
EURGBP is on its way up
EURGBP has experienced an exceptionally large movement higher by 0.56% from 0.846 to 0.851 in the last 22 hours.
Either a rebound or a breakout imminent on USDJPY
USDJPY is heading towards a line of 113.3890. If this movement continues, the price of USDJPY could test 113.3890 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
AUDJPY – getting close to support of a Triangle
AUDJPY 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 12 days and may test it again within the next 3 days.