What’s going on with EURGBP?
Those of you that are trend followers are probably eagerly watching EURGBP to see if its latest 0.77% move continues. If not, the mean-reversion people out there will be delighted with this exceptionally large 4 hours move.
Either a rebound or a breakout imminent on USDJPY
USDJPY is heading towards a line of 145.1090. If this movement continues, the price of USDJPY could test 145.1090 within the next 3 days. 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 rebounding.
Huge bearish move on USDCHF
USDCHF has moved lower by 1.94% from 1.01317 to 0.99353 in the last 22 hours.
Will EURCHF have enough momentum to break support?
EURCHF is heading towards the support line of a Falling Wedge 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 […]
Huge bearish move on USDCNH
USDCNH has moved lower by 1.15% from 7.34651 to 7.2617 in the last 17 hours.
GBPUSD 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 2.24% move on GBPUSD. The movement has happened over the last 21 hours. For those trend followers among you, you may think about riding this possible trend.
USDJPY – getting close to psychological price line
USDJPY 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 13 days and may test it again within the next […]
USDCNH approaching resistance of a Triangle
USDCNH is approaching the resistance line of a Triangle. It has touched this line numerous times in the last 13 days. If it tests this line again, it should do so in the next 3 days.
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 […]
Will AUDJPY have enough momentum to break support?
AUDJPY is heading towards the support line of a Falling Wedge and could reach this point within the next 17 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 […]