USDJPY 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 1.18% move on USDJPY. The movement has happened over the last 12 hours. 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 4 days and may test it again within the next 12 hours.
AUDJPY is on its way up
AUDJPY has experienced an exceptionally large movement higher by 1.31% from 93.13 to 94.346 in the last 5 hours.
Possible start of a bullish trend on USDCHF
USDCHF has broken through a line of 1.0074. If this breakout holds true, we could see the price of USDCHF heading towards 1.0142 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any […]
What’s going on with USDJPY?
Those of you that are trend followers are probably eagerly watching USDJPY to see if its latest 0.54% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 15 hours move.
GBPUSD – getting close to psychological price line
GBPUSD is moving towards a support line. Because we have seen it retrace from this level in the past, 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 13 days and may test it again within the next […]
AUDJPY approaching resistance of a Channel Up
AUDJPY is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 7 days. If it tests this line again, it should do so in the next 2 days.
EURUSD – getting close to psychological price line
EURUSD is moving towards a support line. Because we have seen it retrace from this level in the past, 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 13 days and may test it again within the next […]
Possible breach of support level by USDJPY
USDJPY 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 USDJPY continues in its current trajectory, we could see it […]
Possible breach of resistance level by EURCHF
EURCHF is moving towards a resistance 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 EURCHF continues in its current trajectory, we could see it […]