USDJPY experienced an exceptionally large movement
USDJPY has experienced an extremely big movement in last day. It may continue the trend, but this would make the move unprecedented in the recent past. Past performance is not an indicator of future results. Losses can exceed deposits.
A potential bearish movement on EURGBP
EURGBP was identified at around 0.849545 having recently rebounded of the resistance on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 0.8450 level. Past […]
A potential bullish movement on AUDUSD
Emerging Channel Up pattern in its final wave was identified on the AUDUSD 4 hour chart. After a strong bullish run, we find AUDUSD heading towards the upper triangle line with a possible resistance at 0.6458. If the resistance shows to hold, the Channel Up pattern suggests a rebound back towards current levels. Past performance […]
Either a rebound or a breakout imminent on EURCHF
Emerging Channel Down pattern in its final wave was identified on the EURCHF 4 hour chart. After a strong bearish run, we find EURCHF heading towards the upper triangle line with a possible resistance at 0.9277. If the support shows to hold, the Channel Down pattern suggests a rebound back towards current levels. Past performance […]
EURJPY approaching important bullish key level
EURJPY is moving towards a line of 162.6770 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 EURJPY continues in its current trajectory, we […]
A potential bullish movement on AUDUSD
AUDUSD is heading towards a line of 0.6425. If this movement continues, the price of AUDUSD could test 0.6425 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. Past performance is not […]
EURGBP – getting close to support of a Falling Wedge
EURGBP is moving towards a support 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 9 days and may test it again within the next 2 days. […]
Either a rebound or a breakout imminent on EURCHF
EURCHF is heading towards a line of 0.9438. If this movement continues, the price of EURCHF could test 0.9438 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 rebounding. Past performance is not […]
EURUSD – psychological price line breached
EURUSD has broken through a line of 1.1398. If this breakout holds true, we could see the price of EURUSD heading towards 1.1499 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]
Should we expect a bullish trend on AUDUSD?
AUDUSD has broken through a line of 0.6425. If this breakout holds true, we could see the price of AUDUSD heading towards 0.6462 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirm the breakout before placing any […]