What’s going on with USDCHF?
Those of you that are trend followers are probably eagerly watching USDCHF to see if its latest 0.55% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 11 hours move.
GBPJPY approaching resistance of a Channel Down
GBPJPY is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 10 days. If it tests this line again, it should do so in the next 2 days.
Breach of important price line imminent by GBPUSD
GBPUSD is moving towards a line of 1.4203 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If GBPUSD continues in its current trajectory, we […]
Breach of support line imminent by EURCHF
EURCHF is moving towards the support line of a Channel Down 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, […]
AUDJPY approaching support of a Channel Down
AUDJPY is approaching the support line of a Channel Down. It has touched this line numerous times in the last 13 days. If it tests this line again, it should do so in the next 3 days.
USDCNH approaching important 6.3765 price line
USDCNH is approaching the support line of a Support. It has touched this line numerous times in the last 15 days. If it tests this line again, it should do so in the next 2 days.
GBPJPY 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 0.31% move on GBPJPY. The movement has happened over the last 10 hours. For those trend followers among you, you may think about riding this trend.
Big movement expected on USDJPY
USDJPY has broken through a line of 109.3310 and suggests a possible movement to 108.7449 within the next 3 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]
Either a rebound or a breakout imminent on GBPUSD
GBPUSD is heading towards the support line of a Descending Triangle. If this movement continues, we expect the price of GBPUSD to test 1.4083 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 […]
Breach of support line imminent by AUDJPY
AUDJPY is moving towards the support line of a Channel Down 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 AUDJPY continues in its current trajectory, […]