A possible start of a bullish trend on USDCHF
USDCHF has broken through a resistance line of a Triangle chart pattern. If this breakout holds true, we may see the price of USDCHF testing 0.9631 within the next 10 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]
EURGBP approaching resistance of a Rising Wedge
EURGBP is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 12 days. If it tests this line again, it should do so in the next 3 days.
Will EURCHF have enough momentum to break support?
EURCHF 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 […]
AUDJPY – getting close to support of a Channel Up
AUDJPY is moving towards a support line. 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 5 days and may test it again within the next 17 hours.
GBPUSD approaching resistance of a Rising Wedge
GBPUSD is approaching the resistance line of a Rising Wedge. It has touched this line numerous times in the last 5 days. If it tests this line again, it should do so in the next 16 hours.
Huge bearish move on AUDUSD
AUDUSD has moved lower by 2.57% from 0.69133 to 0.67322 in the last 9 hours.
Big movement possible on AUDJPY
AUDJPY has broken through a line of 96.9780 and suggests a possible movement to 96.5464 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
GBPUSD approaching important 1.1476 price line
GBPUSD is moving towards a support line. Because we have seen it retrace from this level in the past, 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 10 days and may test it again within the next […]
EURCHF approaching important 0.9667 price line
EURCHF is moving towards a resistance line. Because we have seen it retrace from this level in the past, 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 5 days and may test it again within the next […]
Possible breach of resistance level by USDCHF
USDCHF is moving towards a resistance line 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, we could see it […]