A start of a bullish trend on EURCHF
EURCHF has broken through a line of 1.0991. If this breakout holds true, we expect the price of EURCHF to test 1.1002 within the next 5 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.
GBPUSD – getting close to support of a Descending Triangle
GBPUSD is moving towards the support line of a Descending Triangle. 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 12 days and may test it again within […]
Breach of support line imminent by USDJPY
USDJPY is moving towards the support line of a Falling 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 USDJPY continues in its current trajectory, […]
Big movement expected on AUDJPY
AUDJPY has broken through a line of 84.8190 and suggests a possible movement to 85.4858 within the next 19 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]
EURCHF – getting close to psychological price line
EURCHF is moving towards the resistance line of a Resistance. 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 24 days and may test it again […]
EURCHF – getting close to psychological price line
EURCHF is moving towards the resistance line of a Resistance. 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 8 days and may test it again […]
Should we expect a bullish trend on USDJPY?
The breakout of USDJPY through the 109.4020 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 USDJPY to test 110.2986 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation […]
Huge bullish move on GBPJPY
GBPJPY has moved higher by 1.23% from 153.972 to 155.78 in the last 16 hours.
Should we expect a bearish trend on EURGBP?
The breakout of EURGBP through the 0.8623 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 EURGBP to test 0.8593 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation […]
Should we expect a breakout or a rebound on USDJPY?
The movement of USDJPY towards 109.4020 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 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.