Huge bearish move on EURGBP
EURGBP has moved lower by 1.63% from 0.862 to 0.85 in the last 11 days.
Either a rebound or a breakout imminent on USDCHF
USDCHF is heading towards a line of 0.9311. If this movement continues, we expect the price of USDCHF to test 0.9311 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like […]
A start of a bullish trend on USDJPY
USDJPY has broken through a resistance line of a Triangle chart pattern. If this breakout holds true, we expect the price of USDJPY to test 112.1619 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing […]
A start of a bullish trend on AUDJPY
AUDJPY has broken through a resistance line of a Ascending Triangle chart pattern. If this breakout holds true, we expect the price of AUDJPY to test 82.0604 within the next 3 days. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before […]
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 1.47% move on EURGBP. The movement has happened over the last 8 days. For those trend followers among you, you may think about riding this trend.
Breach of support line imminent by USDJPY
USDJPY is moving towards the support line of a Triangle 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 […]
Either a rebound or a breakout imminent on EURUSD
EURUSD is heading towards the resistance line of a Falling Wedge. If this movement continues, we expect the price of EURUSD to test 1.1639 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up […]
Should we expect a breakout or a rebound on EURCHF?
The movement of EURCHF towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
Where is USDCHF moving to?
A movement of 0.66% over 2 days on USDCHF 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.
Should we expect a breakout or a rebound on USDJPY?
The movement of USDJPY towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]