What’s going on with USDCHF?
Those of you that are trend followers are probably eagerly watching USDCHF to see if its latest 0.38% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 6 hours move.
Breach of important price line imminent by EURCHF
EURCHF is moving towards a line of 1.0942 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If EURCHF continues in its current trajectory, we […]
EURGBP – resistance line breached
EURGBP has broken through the resistance line of a Falling Wedge technical chart pattern. 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 twice in the last 10 days and suggests a target line to be around […]
USDCAD is on its way up
USDCAD has experienced an exceptionally large movement higher by 2.42% from 1.206 to 1.236 in the last 22 days.
Either a rebound or a breakout imminent on GBPJPY
GBPJPY is heading towards the resistance line of a Channel Up. If this movement continues, we expect the price of GBPJPY to test 155.1060 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 […]
Huge bullish move on EURCHF
EURCHF has moved higher by 0.13% from 1.095 to 1.096 in the last 6 hours.
Breach of support line imminent by AUDUSD
AUDUSD is moving towards the support line of a Rising Wedge 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 AUDUSD continues in its current trajectory, […]
AUDJPY 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 0.89% move on AUDJPY. The movement has happened over the last 21 hours. For those trend followers among you, you may think about riding this trend.
GBPJPY is on its way up
GBPJPY has experienced an exceptionally large movement higher by 0.75% from 153.206 to 154.353 in the last 16 hours.
EURCHF is on its way up
EURCHF has experienced an exceptionally large movement higher by 0.15% from 1.094 to 1.096 in the last 8 hours.