Should we expect a breakout or a rebound on GBPUSD?
The movement of GBPUSD towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 17 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
Will AUDJPY have enough momentum to break support?
AUDJPY is heading towards the support line of a Channel Down and could reach this point within the next 8 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 USDJPY
USDJPY is heading towards a line of 109.9440. If this movement continues, we expect the price of USDJPY to test 109.9440 within the next 2 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 just like […]
Should we expect a breakout or a rebound on EURCHF?
The movement of EURCHF towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
Huge bullish move on AUDUSD
AUDUSD has moved higher by 4.23% from 0.714 to 0.744 in the last 19 days.
GBPUSD – getting close to psychological price line
GBPUSD is moving towards the support line of a Support. Because we have seen it retrace from this positions in the past, we could see either a break through this line, or a rebound back to current lines. It has touched this line numerous times in the last 13 days and may test it again […]
AUDJPY broke through important 81.5740 price line
AUDJPY has broken through the support line of a Support. It has touched this line numerous times in the last 4 days. This breakout shows a potential move to 81.3173 within the next 11 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout […]
EURCHF – support line breached
EURCHF has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 7 days and suggests a target line to be around […]
AUDUSD – getting close to support of a Channel Up
AUDUSD is moving towards the support line of a Channel Up. 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 15 days and may test it again within […]
Huge bullish move on AUDJPY
AUDJPY has moved higher by 4.27% from 78.398 to 81.711 in the last 16 days.