GBPUSD – getting close to support of a Channel Down
GBPUSD 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 2 days and may test it again within […]
Huge bullish move on EURGBP
EURGBP has moved higher by 1.26% from 0.853 to 0.864 in the last 15 days.
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 1.95% move on USDJPY. The movement has happened over the last 15 days. For those trend followers among you, you may think about riding this trend.
EURCHF has broken through resistance
EURCHF has broken through the resistance line of a Pennant. It has touched this line at least twice in the last 7 days. This breakout indicates a potential move to 1.0877 within the next 23 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the […]
GBPUSD broke through important 1.3650 price line
GBPUSD has broken through the support line of a Support. It has touched this line numerous times in the last 8 days. This breakout shows a potential move to 1.3581 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout […]
What’s going on with AUDJPY?
Those of you that are trend followers are probably eagerly watching AUDJPY to see if its latest 0.61% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 5 hours move.
Huge bullish move on USDJPY
USDJPY has moved higher by 1.5% from 109.689 to 111.015 in the last 14 days.
Should we expect a breakout or a rebound on USDCHF?
The movement of USDCHF towards 0.9244 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 12 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
AUDJPY – getting close to resistance of a Rising Wedge
AUDJPY is moving towards the resistance 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 10 days and may test it again within […]
EURCHF – getting close to support of a Falling Wedge
EURCHF is moving towards the support line of a Falling 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 16 days and may test it again within […]