Will USDCAD have enough momentum to break support?
USDCAD is heading towards the support line of a Channel Up and could reach this point within the next 7 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 […]
Huge bearish move on EURGBP
EURGBP has moved lower by 2.33% from 0.902 to 0.885 in the last 23 days.
A start of a bearish trend on EURUSD
EURUSD has broken through a line of 1.2074. If this breakout holds true, we expect the price of EURUSD to test 1.2037 within the next 2 days. 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.
Should we expect a breakout or a rebound on USDJPY?
The movement of USDJPY towards 103.8980 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.
Either a rebound or a breakout imminent on EURCHF
EURCHF is heading towards the support line of a Rising Wedge. If this movement continues, we expect the price of EURCHF to test 1.0771 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 […]
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 2.28% move on EURGBP. The movement has happened over the last 22 days. For those trend followers among you, you may think about riding this trend.
Will AUDJPY have enough momentum to break resistance?
AUDJPY is heading towards the resistance line of a Channel Down 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 […]
Should we expect a breakout or a rebound on USDCHF?
The movement of USDCHF towards 0.8897 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 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
GBPJPY – getting close to psychological price line
GBPJPY 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 13 days and may test it again […]
Will GBPUSD have enough momentum to break support?
GBPUSD is heading towards the support line of a Triangle and could reach this point within the next 20 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 […]