A possible start of a bearish trend on USDJPY
USDJPY has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we may see the price of USDJPY testing 113.5540 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 […]
AUDJPY – getting close to support of a Channel Up
AUDJPY is moving towards the support line of a Channel Up. 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 […]
GBPUSD is on its way up
GBPUSD has experienced an exceptionally large movement higher by 2.72% from 1.353 to 1.379 in the last 22 days.
Either a rebound or a breakout imminent on EURGBP
EURGBP is heading towards the support line of a Channel Down. If this movement continues, the price of EURGBP could test 0.8419 within the next 2 days. 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.
Where is USDJPY moving to?
A movement of 3.12% over 17 days on USDJPY doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.
Where is AUDJPY moving to?
A movement of 7.5% over 29 days on AUDJPY doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.
Where is USDCNH moving to?
A movement of 0.72% over 14 hours on USDCNH doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current downward trend, or a reversal in the previous direction.
EURCHF – getting close to resistance of a Ascending Triangle
EURCHF is moving towards the resistance line of a Ascending Triangle. 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 7 days and may test it again within […]
USDJPY – getting close to resistance of a Rising Wedge
USDJPY is moving towards the resistance line of a Rising Wedge. 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 11 days and may test it again within […]
EURGBP is on its way down
EURGBP has experienced an exceptionally large movement lower by 2.35% from 0.862 to 0.843 in the last 18 days.