What’s going on with EURGBP?
Those of you that are trend followers are probably eagerly watching EURGBP to see if its latest 0.78% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 11 hours move.
Possible breach of resistance level by EURCHF
EURCHF 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 EURCHF continues in its current trajectory, we could see it […]
A final push possible on AUDJPY
AUDJPY is heading towards 94.0130 and could reach this point within the next 23 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Either a rebound or a breakout imminent on USDCAD
USDCAD is heading towards the resistance line of a Channel Down. If this movement continues, the price of USDCAD could test 1.3634 within the next 22 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
AUDUSD – getting close to support of a Channel Up
AUDUSD is moving towards a support line. 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 2 days and may test it again within the next 7 hours.
Possible start of a bullish trend on GBPUSD
GBPUSD has broken through a line of 1.1410. If this breakout holds true, we could see the price of GBPUSD heading towards 1.1608 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 […]
Either a rebound or a breakout imminent on AUDJPY
AUDJPY is heading towards the resistance line of a Channel Up. If this movement continues, the price of AUDJPY could test 95.0393 within the next 5 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Possible breach of resistance level by EURCHF
EURCHF 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 EURCHF continues in its current trajectory, we could see it […]
Will EURGBP have enough momentum to break resistance?
EURGBP is heading towards the resistance line of a Channel Up 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 […]
What’s going on with USDCNH?
Those of you that are trend followers are probably eagerly watching USDCNH to see if its latest 1.34% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 4 days move.