GBPJPY experienced an exceptionally large movement
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 0.79% move on GBPJPY. The movement has happened over the last 15 hours. For those trend followers among you, you may think about riding this possible trend.
EURCHF approaching support of a Falling Wedge
EURCHF is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 8 days. If it tests this line again, it should do so in the next 2 days.
Huge bearish move on EURGBP
EURGBP has moved lower by 0.8% from 0.835 to 0.828 in the last 23 hours.
Where is GBPUSD moving to?
A movement of 0.82% over 14 hours on GBPUSD doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.
Will AUDJPY have enough momentum to break resistance?
AUDJPY is heading towards the resistance line of a Ascending Triangle and could reach this point within the next 22 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 support level by EURCHF
EURCHF 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 EURCHF continues in its current trajectory, we could see it […]
Breach of important price line imminent by EURGBP
EURGBP is moving towards a line of 0.8383 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 EURGBP continues in its current trajectory, we […]
Should we expect a bullish trend on EURUSD?
The breakout of EURUSD through the resistance line of a Triangle could be a sign of the road ahead. If this breakout persists, we may see the price of EURUSD testing 1.1278 within the next 2 days.
AUDJPY – getting close to resistance of a Ascending Triangle
AUDJPY 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 2 days and may test it again within the next 9 hours.
What’s going on with USDCHF?
Those of you that are trend followers are probably eagerly watching USDCHF to see if its latest 1% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 21 hours move.