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.
A possible start of a bearish trend on GBPUSD
GBPUSD has broken through a support line of a Triangle chart pattern. If this breakout holds true, we may see the price of GBPUSD testing 1.3616 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]
What’s going on with EURCHF?
Those of you that are trend followers are probably eagerly watching EURCHF to see if its latest 3.2% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 44 days move.
AUDJPY – getting close to resistance of a Triangle
AUDJPY 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 8 days and may test it again within the next 17 hours.
EURCHF – getting close to support of a Falling Wedge
EURCHF 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 9 days and may test it again within the next 2 days.
USDCHF 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 2.11% move on USDCHF. The movement has happened over the last 30 days. For those trend followers among you, you may think about riding this possible trend.
GBPUSD – getting close to resistance of a Rising Wedge
GBPUSD 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 17 hours and may test it again within the next 5 hours.