What’s going on with USDCHF?
Those of you that are trend followers are probably eagerly watching USDCHF to see if its latest 0.73% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 3 days move.
EURCHF is on its way up
EURCHF has experienced an exceptionally large movement higher by 0.47% from 1.076 to 1.082 in the last 3 days.
Breach of support line imminent by USDJPY
USDJPY 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 USDJPY continues in its current trajectory, […]
Either a rebound or a breakout imminent on USDJPY
USDJPY is heading towards the support line of a Channel Up. If this movement continues, we expect the price of USDJPY to test 104.4840 within the next 6 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 […]
AUDJPY approaching resistance of a Channel Down
AUDJPY is approaching the resistance line of a Channel Down. 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 3 days.
EURCHF – getting close to support of a Falling Wedge
EURCHF is moving towards the support line of a Falling 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 8 days and may test it again within […]
Will USDCAD have enough momentum to break support?
USDCAD is heading towards the support line of a Channel Up and could reach this point within the next 7 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 […]
Huge bearish move on EURGBP
EURGBP has moved lower by 2.33% from 0.902 to 0.885 in the last 23 days.
A start of a bearish trend on EURUSD
EURUSD has broken through a line of 1.2074. If this breakout holds true, we expect the price of EURUSD to test 1.2037 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.
Should we expect a breakout or a rebound on USDJPY?
The movement of USDJPY towards 103.8980 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.