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EURUSD has moved lower by 2.93% from 1.188 to 1.153 in the last 41 days.

GBPUSD 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 8 days and may test it again within […]

GBPJPY is moving towards the support line of a Rising Wedge. 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 2 days and may test it again within […]

EURCHF is heading towards 1.0753 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 could see a retracement back down […]

EURGBP has moved lower by 1.62% from 0.862 to 0.85 in the last 14 days.

GBPJPY is approaching the support line of a Channel Up. It has touched this line numerous times in the last 11 days. If it tests this line again, it should do so in the next 2 days.

AUDJPY has experienced an exceptionally large movement higher by 4.74% from 78.973 to 83.263 in the last 21 days.

Those of you that are trend followers are probably eagerly watching USDJPY to see if its latest 2.17% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 9 days move.

EURCHF is heading towards the support line of a Channel Down. If this movement continues, we expect the price of EURCHF to test 1.0708 within the next 3 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 […]

AUDJPY has experienced an exceptionally large movement higher by 1.01% from 81.624 to 82.441 in the last 3 days.