EURUSD – getting close to resistance of a Channel Down
EURUSD is moving towards the resistance 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 7 days and may test it again within […]
Should we expect a breakout or a rebound on AUDUSD?
The movement of AUDUSD towards the resistance line of a Pennant is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 14 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back […]
What’s going on with EURCHF?
Those of you that are trend followers are probably eagerly watching EURCHF to see if its latest 0.46% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 15 hours move.
Huge bullish move on USDCHF
USDCHF has moved higher by 0.53% from 0.916 to 0.92 in the last 4 days.
Breach of support line imminent by EURGBP
EURGBP is moving towards the support line of a Channel Down 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 EURGBP continues in its current trajectory, […]
Will GBPUSD have enough momentum to break support?
GBPUSD is heading towards the support line of a Rectangle and could reach this point within the next 5 hours. 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 […]
GBPUSD – psychological price line breached
GBPUSD has broken through the resistance line of a Resistance. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 7 days and suggests a target line to be around 1.3927 within the […]
AUDJPY has broken through resistance
AUDJPY has broken through the resistance line of a Falling Wedge. It has touched this line at least twice in the last 3 days. This breakout indicates a potential move to 81.2309 within the next 13 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of […]
EURCHF – getting close to psychological price line
EURCHF is moving towards the support line of a Support. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 15 days and may test it again […]
AUDUSD approaching important 0.7405 price line
AUDUSD is approaching the resistance line of a Resistance. 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.