Important price line breached by AUDJPY
AUDJPY has broken through 94.5030 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, AUDJPY may be heading towards 94.1730 within the next 9 hours.
Possible start of a bullish trend on EURCHF
EURCHF has broken through a line of 0.9927. If this breakout holds true, we could see the price of EURCHF heading towards 0.9967 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any […]
Possible breach of support level by USDJPY
USDJPY 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 USDJPY continues in its current trajectory, we could see it […]
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 […]
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.