Should we expect a breakout or a rebound on GBPUSD?
The movement of GBPUSD towards the support line of a Falling 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 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
AUDJPY approaching support of a Falling Wedge
AUDJPY is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 10 days. If it tests this line again, it should do so in the next 3 days.
Breach of support line imminent by GBPJPY
GBPJPY 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 GBPJPY continues in its current trajectory, […]
Huge bearish move on EURCHF
EURCHF has moved lower by 0.38% from 1.075 to 1.071 in the last 13 hours.
USDJPY approaching support of a Channel Down
USDJPY is approaching the support line of a Channel Down. It has touched this line numerous times in the last 6 days. If it tests this line again, it should do so in the next 2 days.
Should we expect a bearish trend on AUDUSD?
The breakout of AUDUSD through the 0.7316 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of AUDUSD to test 0.7291 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation […]
Huge bearish move on EURCHF
EURCHF has moved lower by 0.52% from 1.08 to 1.074 in the last 14 hours.
GBPUSD approaching resistance of a Channel Up
GBPUSD is approaching the resistance line of a Channel Up. It has touched this line numerous times in the last 4 days. If it tests this line again, it should do so in the next 7 hours.
Either a rebound or a breakout imminent on USDJPY
USDJPY is heading towards the support line of a Channel Down. If this movement continues, we expect the price of USDJPY to test 109.3280 within the next 6 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 […]
Huge bearish move on EURCHF
EURCHF has moved lower by 0.32% from 1.084 to 1.08 in the last 12 hours.