USD/CHF has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 12 days and suggests a possible target level to be around 0.9681 within the next 3 days.
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The movement of GBP/USD towards 1.2322 price line is yet another test of the line it reached numerous times in the past. We could expect this 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.
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USD/JPY has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 6 days and suggests a possible target level to be around 128.4594 within the next 17 hours.
Note: These signals are sourced from Autochartist owned What2Trade. DormicoFX has a special permit to share and promote these signals. It is NOT allowed to use Autochartist material without their consent. To view the original signal and others, please visit THIS link.
Based on the last 12 Housing Starts events in United States, a $1,580 movement could occur on GBPUSD within 48 hours following the event release at 18 May 12:30. We expect GBPUSD to trend upwards 48 hours following the event release at 18 May 12:30 if the released value is > 1.765M
Historical events that allowed us to draw this conclusion
AUD/USD is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 16 days. If it tests this line again, it could do so in the next 3 days.
Note: These signals are sourced from Autochartist owned What2Trade. DormicoFX has a special permit to share and promote these signals. It is NOT allowed to use Autochartist material without their consent. To view the original signal and others, please visit THIS link.
If the released value is = 0.2% for the GDP Growth Rate QoQ 2nd Est event, we could see a $576.993 movement on USDCAD within 12 hours following the release at 17 May 09:00. This movement may form an upwards trend for 12 hours following the event release at 17 May 09:00.
Historical events that allowed us to draw this conclusion
