EURCHF approaching important 1.1072 price line
EURCHF is approaching the support line of a Support. It has touched this line numerous times in the last 2 days. If it tests this line again, it should do so in the next 6 hours.
Should we expect a bearish trend on USDJPY?
The breakout of USDJPY through the support line of a Channel Up could be a sign of the road ahead. If this breakout persists, we expect the price of USDJPY to test 110.0893 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting […]
A final push expected on AUDJPY
AUDJPY is heading towards a price line of 84.1670 and could reach this point within the next 11 hours. 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 could see […]
Either a rebound or a breakout imminent on EURCHF
EURCHF is heading towards the resistance line of a Channel Up. If this movement continues, we expect the price of EURCHF to test 1.1118 within the next 17 hours. 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 […]
Where is AUDUSD moving to?
A movement of 0.94% over 15 hours on AUDUSD 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.
Huge bearish move on AUDJPY
AUDJPY has moved lower by 0.78% from 84.366 to 83.507 in the last 15 hours.
Where is USDCAD moving to?
A movement of 0.46% over 2 days on USDCAD 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 broke through important 1.1040 price line
EURCHF has broken through the support line of a Support. It has touched this line numerous times in the last 12 days. This breakout shows a potential move to 1.1016 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout […]
Where is USDJPY moving to?
A movement of 0.42% over 2 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.
AUDJPY – getting close to support of a Rising Wedge
AUDJPY is moving towards the support 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 2 days and may test it again within […]