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…
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…
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…
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…
GBP/USD has broken through the resistance line of a Falling 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 25 days and…
