Support line breached by AUDJPY
AUDJPY has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 83.6425 can be expected within the next 3 days.
USDCAD 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 0.79% move on USDCAD. The movement has happened over the last 2 days. For those trend followers among you, you may think about riding this trend.
Huge bullish move on EURCHF
EURCHF has moved higher by 0.38% from 1.095 to 1.1 in the last 20 hours.
AUDUSD approaching support of a Descending Triangle
AUDUSD is approaching the support line of a Descending Triangle. It has touched this line numerous times in the last 15 days. If it tests this line again, it should do so in the next 4 days.
AUDJPY – getting close to psychological price line
AUDJPY 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 7 days and may test it again […]
Huge bullish move on GBPUSD
GBPUSD has moved higher by 0.67% from 1.409 to 1.418 in the last 19 hours.
Where is USDCNH moving to?
A movement of 0.19% over 15 hours on USDCNH doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.
Will AUDJPY have enough momentum to break support?
AUDJPY is heading towards the support line of a Triangle 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 could […]
Should we expect a breakout or a rebound on EURCHF?
The movement of EURCHF towards the resistance line of a Triangle is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 16 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back […]
Will EURGBP have enough momentum to break support?
EURGBP is heading towards the support line of a Channel Down and could reach this point within the next 3 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 […]