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EURGBP is approaching the support line of a Channel Up. 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 12 hours.

USDJPY 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 USDJPY continues in its current trajectory, we could see it […]

USDCNH has moved lower by 0.45% from 6.91554 to 6.895 in the last 14 hours.

EURCHF is approaching the resistance line of a Rising Wedge. 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 11 hours.

AUDUSD is heading towards the resistance line of a Falling Wedge. If this movement continues, the price of AUDUSD could test 0.6965 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

AUDJPY is heading towards the resistance line of a Channel Up and could reach this point within the next 3 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 […]

EURCHF has broken through a resistance line. It has touched this line numerous times in the last 14 days. This breakout shows a potential move to 0.9732 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

EURGBP has experienced an exceptionally large movement higher by 1.15% from 0.84212 to 0.85246 in the last 4 days.

USDCNH has moved higher by 0.92% from 6.86263 to 6.92518 in the last 3 days.

USDCAD has moved higher by 0.83% from 1.29159 to 1.3031 in the last 3 days.