What’s going on with EURCHF?
Those of you that are trend followers are probably eagerly watching EURCHF to see if its latest 0.19% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 3 days move.
Either a rebound or a breakout imminent on AUDJPY
AUDJPY is heading towards the support line of a Channel Up. If this movement continues, we expect the price of AUDJPY to test 81.2530 within the next 16 hours. 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 […]
Where is AUDUSD moving to?
A movement of 3.7% over 15 days on AUDUSD 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.
GBPUSD 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 0.51% move on GBPUSD. The movement has happened over the last 22 hours. For those trend followers among you, you may think about riding this trend.
Either a rebound or a breakout imminent on USDCHF
USDCHF is heading towards the support line of a Channel Down. If this movement continues, we expect the price of USDCHF to test 0.9101 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 […]
Should we expect a breakout or a rebound on AUDJPY?
The movement of AUDJPY towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 10 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
Huge bullish move on AUDUSD
AUDUSD has moved higher by 0.94% from 0.731 to 0.738 in the last 2 days.
Where is EURGBP moving to?
A movement of 1.37% over 23 days on EURGBP 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.
EURCHF – psychological price line breached
EURCHF 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 2 days and suggests a target line to be around 1.0842 within the […]
Will AUDJPY have enough momentum to break resistance?
AUDJPY is heading towards the resistance line of a Rising Wedge 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 […]