GBPUSD approaching important 1.2063 price line
GBPUSD is approaching the support line of a Support. It has touched this line numerous times in the last 14 days. If it tests this line again, it could do so in the next 3 days.
AUDUSD – getting close to resistance of a Rising Wedge
AUDUSD is moving towards a resistance 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 4 days and may test it again within the next 2 days.
Possible breach of support level by AUDJPY
AUDJPY is moving towards a support 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 AUDJPY continues in its current trajectory, we could see it […]
Breach of important price line imminent by EURCHF
EURCHF is moving towards a line of 0.9749 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If EURCHF continues in its current trajectory, we […]
Will EURGBP have enough momentum to break support?
EURGBP is heading towards the support line of a Channel Down and could reach this point within the next 9 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 […]
Possible breach of resistance level by AUDJPY
AUDJPY 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 AUDJPY continues in its current trajectory, we could see it […]
EURCHF – support line breached
EURCHF has broken through the support line of a Head and Shoulders technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 9 days and suggests a possible target […]
Will USDCHF have enough momentum to break support?
USDCHF is heading towards the support line of a Falling Wedge and could reach this point within the next 9 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 […]
Either a rebound or a breakout imminent on GBPUSD
GBPUSD is heading towards the support line of a Falling Wedge. If this movement continues, the price of GBPUSD could test 1.1956 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 approaching important 93.8850 price line
AUDJPY is approaching the support line of a Support. It has touched this line numerous times in the last 2 days. If it tests this line again, it could do so in the next 5 hours.