Should we expect a breakout or a rebound on GBPUSD?
GBPUSD is moving towards a resistance 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 7 days and may test it again within the next 17 hours. […]
A potential bearish movement on EURCHF
EURCHF is moving towards a support 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 6 days and may test it again within the next […]
Either a rebound or a breakout imminent on EURUSD
EURUSD is moving towards a resistance 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 14 days and may test it again within the next 3 days. […]
A final push possible on AUDUSD
AUDUSD is heading towards 0.6442 and could reach this point within the next 19 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels. […]
EURJPY – Continuation Chart Pattern – Rising Wedge
The movement of EURJPY towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
Should we expect a bullish trend on EURGBP?
The breakout of EURGBP through the 0.8433 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, EURGBP could test 0.8463 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout. Past performance […]
AUDUSD – psychological price line breached
AUDUSD has broken through a line of 0.6465 and suggests a possible movement to 0.6533 within the next 3 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back […]
Huge movement on XAGUSD, did you miss it?
XAGUSD rose sharply for 3 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in XAGUSD there is a chance that we will witness a correction, no matter how brief. Past performance is not an […]
Will EURCHF have enough momentum to break support?
EURCHF is approaching the support line of a Channel Down. It has touched this line numerous times in the last 7 days. If it tests this line again, it should do so in the next 2 days. Past performance is not an indicator of future results. Losses can exceed deposits.
Will AUDUSD have enough momentum to break resistance?
The movement of AUDUSD towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. This line test could happen in the next 13 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]