USD/CHF has broken through a resistance line. It has touched this line at least twice in the last 6 days. This breakout may indicate a potential move to 0.8951 within the next 20 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
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GBPJPY is quickly approaching the resistance line of a Inverse Head and Shoulders. We expect either a breakout through this line or a rebound.
GBPJPY is moving towards a resistance line. Because we have seen it retrace from this line before, we…
After experiencing a 1.94% bearish move in the space of 9 days, nobody knows where AUDNZD is headed.
Those of you that are trend followers are probably eagerly watching AUDNZD to see if its latest 1.94%…