A possible start of a bearish trend on GBPUSD
GBPUSD has broken through a support line of a Triangle chart pattern. If this breakout holds true, we may see the price of GBPUSD testing 1.3616 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]
What’s going on with EURCHF?
Those of you that are trend followers are probably eagerly watching EURCHF to see if its latest 3.2% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 44 days move.
AUDJPY – getting close to resistance of a Triangle
AUDJPY is moving towards a resistance 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 8 days and may test it again within the next 17 hours.
EURCHF – getting close to support of a Falling Wedge
EURCHF 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 9 days and may test it again within the next 2 days.
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 2.11% move on USDCHF. The movement has happened over the last 30 days. For those trend followers among you, you may think about riding this possible trend.
GBPUSD – getting close to resistance of a Rising Wedge
GBPUSD is moving towards a resistance 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 17 hours and may test it again within the next 5 hours.
Huge bullish move on AUDUSD
AUDUSD has moved higher by 3.78% from 0.717 to 0.75 in the last 28 days.
What’s going on with EURCHF?
Those of you that are trend followers are probably eagerly watching EURCHF to see if its latest 2.44% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 41 days move.
EURGBP is on its way up
EURGBP has experienced an exceptionally large movement higher by 0.32% from 0.841 to 0.844 in the last 23 hours.
A final push possible on AUDJPY
AUDJPY is heading towards 85.9690 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, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.