USDCHF approaching support of a Channel Down
USDCHF is approaching the support line of a Channel Down. It has touched this line numerous times in the last 13 days. If it tests this line again, it should do so in the next 3 days.
Where is GBPJPY moving to?
A movement of 0.88% over 2 days on GBPJPY 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.
Should we expect a bullish trend on EURUSD?
The breakout of EURUSD through the resistance line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of EURUSD testing 1.1624 within the next 5 hours.
Huge bullish move on AUDUSD
AUDUSD has moved higher by 3.66% from 0.717 to 0.749 in the last 27 days.
Either a rebound or a breakout imminent on EURGBP
EURGBP is heading towards a line of 0.8423. If this movement continues, the price of EURGBP could test 0.8423 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 just like it did […]
EURCHF – getting close to support of a Channel Down
EURCHF is moving towards the support line of a Channel Down. 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 4 days and may test it again within […]
Where is AUDJPY moving to?
A movement of 0.75% over 13 hours on AUDJPY 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.
AUDJPY – getting close to resistance of a Channel Up
AUDJPY is moving towards the resistance line of a Channel Up. 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 10 days and may test it again within […]
Huge bearish move on EURGBP
EURGBP has moved lower by 2.43% from 0.862 to 0.843 in the last 24 days.
What’s going on with EURCHF?
Those of you that are trend followers are probably eagerly watching EURCHF to see if its latest 2.36% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 36 days move.