Should we expect a breakout or a rebound on USDJPY?
The movement of USDJPY towards the support 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 9 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
EURCHF broke through important 1.1000 price line
EURCHF has broken through the resistance line of a Resistance. It has touched this line numerous times in the last 6 days. This breakout shows a potential move to 1.1049 within the next 21 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout […]
What’s going on with AUDJPY?
Those of you that are trend followers are probably eagerly watching AUDJPY to see if its latest 3.02% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 2 days move.
Breach of support line imminent by USDCHF
USDCHF is moving towards the support line of a Channel Up 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 USDCHF continues in its current trajectory, […]
AUDJPY 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 1.72% move on AUDJPY. The movement has happened over the last 16 hours. For those trend followers among you, you may think about riding this trend.
Where is EURGBP moving to?
A movement of 0.83% over 17 hours on EURGBP 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.
AUDUSD is on its way up
AUDUSD has experienced an exceptionally large movement higher by 3.99% from 0.762 to 0.791 in the last 23 days.
Where is GBPUSD moving to?
A movement of 0.87% over 17 hours on GBPUSD 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.
Huge bullish move on GBPJPY
GBPJPY has moved higher by 5.47% from 141.238 to 148.576 in the last 38 days.
Big movement expected on USDJPY
USDJPY has broken through a support line of a Triangle and suggests a possible movement to 104.9161 within the next 2 days. It has tested this line 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 […]