What’s going on with USDCHF?

Those of you that are trend followers are probably eagerly watching USDCHF to see if its latest 0.53% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 18 hours move.

Big movement expected on EURCHF

EURCHF has broken through a line of 1.0814 and suggests a possible movement to 1.0829 within the next 14 hours. 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 […]

A start of a bearish trend on AUDJPY

AUDJPY has broken through a line of 79.8660. If this breakout holds true, we expect the price of AUDJPY to test 79.3298 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.

Breach of support line imminent by GBPJPY

GBPJPY 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 GBPJPY continues in its current trajectory, […]

What’s going on with EURGBP?

Those of you that are trend followers are probably eagerly watching EURGBP to see if its latest 2.56% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 28 days move.