Resistance line breached by EURCHF
EURCHF has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 0.9899 may materialize within the next 11 hours.
Huge bullish move on USDJPY
USDJPY has moved higher by 0.74% from 137.35 to 138.234 in the last 13 hours.
Possible breach of support level by AUDJPY
AUDJPY is moving towards a support line 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, we could see it […]
What’s going on with EURGBP?
Those of you that are trend followers are probably eagerly watching EURGBP to see if its latest 2.04% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 12 days move.
EURCHF is on its way down
EURCHF has experienced an exceptionally large movement lower by 5.3% from 1.0477 to 0.98527 in the last 35 days.
Huge bearish move on AUDUSD
AUDUSD has moved lower by 2.09% from 0.68326 to 0.67237 in the last 4 days.
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 2.04% move on EURGBP. The movement has happened over the last 12 days. For those trend followers among you, you may think about riding this possible trend.
Possible breach of support level by EURCHF
EURCHF is moving towards a support line 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, we could see it […]
Possible breach of resistance level by USDJPY
USDJPY is moving towards a resistance line 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, we could see it […]
GBPUSD approaching support of a Channel Down
GBPUSD is approaching the support line of a Channel Down. It has touched this line numerous times in the last 10 days. If it tests this line again, it should do so in the next 2 days.