What’s going on with USDCHF?
Those of you that are trend followers are probably eagerly watching USDCHF to see if its latest 4.75% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 9 days move.
USDJPY is on its way down
USDJPY has experienced an exceptionally large movement lower by 3.57% from 146.455 to 141.226 in the last 11 hours.
Important price line breached by EURCHF
EURCHF has broken through 0.9843 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, EURCHF may be heading towards 0.9818 within the next 2 days.
EURGBP broke through important 0.8791 price line
EURGBP has broken through a resistance line. It has touched this line numerous times in the last 20 days. This breakout shows a potential move to 0.8874 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Huge bearish move on AUDUSD
AUDUSD has moved lower by 1.85% from 0.6544 to 0.64232 in the last 2 days.
GBPUSD broke through important 1.1496 price line
GBPUSD has broken through a support line. It has touched this line numerous times in the last 8 days. This breakout shows a potential move to 1.1318 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Important price line breached by AUDJPY
AUDJPY has broken through 94.5030 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, AUDJPY may be heading towards 94.1730 within the next 9 hours.
Possible start of a bullish trend on EURCHF
EURCHF has broken through a line of 0.9927. If this breakout holds true, we could see the price of EURCHF heading towards 0.9967 within the next 3 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 […]
Possible breach of support level by USDJPY
USDJPY 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 USDJPY continues in its current trajectory, we could see it […]
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 […]