GBPUSD broke through important 1.3650 price line
GBPUSD has broken through the support line of a Support. It has touched this line numerous times in the last 8 days. This breakout shows a potential move to 1.3581 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout […]
What’s going on with AUDJPY?
Those of you that are trend followers are probably eagerly watching AUDJPY to see if its latest 0.61% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 5 hours move.
Huge bullish move on USDJPY
USDJPY has moved higher by 1.5% from 109.689 to 111.015 in the last 14 days.
Should we expect a breakout or a rebound on USDCHF?
The movement of USDCHF towards 0.9244 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 12 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
AUDJPY – getting close to resistance of a Rising Wedge
AUDJPY is moving towards the resistance line of a Rising Wedge. 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 10 days and may test it again within […]
EURCHF – getting close to support of a Falling Wedge
EURCHF is moving towards the support line of a Falling Wedge. 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 16 days and may test it again within […]
USDCHF approaching important 0.9206 price line
USDCHF is approaching the support line of a Support. It has touched this line numerous times in the last 16 days. If it tests this line again, it should do so in the next 3 days.
Either a rebound or a breakout imminent on AUDJPY
AUDJPY is heading towards the resistance line of a Rising Wedge. If this movement continues, we expect the price of AUDJPY to test 80.6570 within the next 10 hours. 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 […]
Huge bullish move on USDJPY
USDJPY has moved higher by 0.96% from 109.153 to 110.301 in the last 2 days.
Should we expect a breakout or a rebound on EURCHF?
The movement of EURCHF towards 1.0824 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 9 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.