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, […]
Breach of important price line imminent by USDCAD
USDCAD is moving towards a line of 1.2064 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 USDCAD continues in its current trajectory, we […]
Will EURCHF have enough momentum to break support?
EURCHF is heading towards the support line of a Falling Wedge 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 […]
Either a rebound or a breakout imminent on AUDJPY
AUDJPY is heading towards a line of 85.1870. If this movement continues, we expect the price of AUDJPY to test 85.1870 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 rebounding just like […]
GBPUSD approaching important 1.4208 price line
GBPUSD is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 11 days. If it tests this line again, it should do so in the next 2 days.
Will AUDUSD have enough momentum to break support?
AUDUSD is heading towards the support line of a Channel Down 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 […]
Breach of resistance line imminent by AUDJPY
AUDJPY is moving towards the resistance line of a Ascending 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 AUDJPY continues in its current trajectory, […]