EURGBP 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 1.21% move on EURGBP. The movement has happened over the last 16 hours. For those trend followers among you, you may think about riding this trend.
Breach of resistance line imminent by EURCHF
EURCHF is moving towards the resistance line of a Channel Up 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 EURCHF continues in its current trajectory, […]
USDJPY – getting close to support of a Channel Down
USDJPY is moving towards the support line of a Channel Down. 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 4 days and may test it again within […]
USDCHF 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 0.75% move on USDCHF. The movement has happened over the last 10 hours. For those trend followers among you, you may think about riding this trend.
EURGBP 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 0.42% move on EURGBP. The movement has happened over the last 12 hours. For those trend followers among you, you may think about riding this trend.
Breach of resistance line imminent by AUDJPY
AUDJPY is moving towards the resistance line of a Ascending Triangle 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 AUDJPY continues in its current trajectory, […]
EURCHF approaching important 1.1072 price line
EURCHF is approaching the support line of a Support. It has touched this line numerous times in the last 2 days. If it tests this line again, it should do so in the next 6 hours.
Should we expect a bearish trend on USDJPY?
The breakout of USDJPY through the support line of a Channel Up could be a sign of the road ahead. If this breakout persists, we expect the price of USDJPY to test 110.0893 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting […]
A final push expected on AUDJPY
AUDJPY is heading towards a price line of 84.1670 and could reach this point within the next 11 hours. 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 see […]
Either a rebound or a breakout imminent on EURCHF
EURCHF is heading towards the resistance line of a Channel Up. If this movement continues, we expect the price of EURCHF to test 1.1118 within the next 17 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 […]