The first trading session yesterday has already demonstrated a misleading up-side spike, as the price has increased above a 1.3240 level.
NZD/USD retains bullish impetus it received after an encounter with a formidable support zone, consisting of 55 and 100-day SMAs, not to mention the bullish support line that has been preventing dips since June.
The rising support trend-line the market has been respecting since the beginning of autumn is under threat of being breached, as a strong rebound from 0.9934/36 has swiftly pierced through a number of supports.
The currency pair has notably changed its behaviour, which has become much more hectic.
EUR/JPY maintains its upward course and for now does not give strong reasons to believe this tendency is to end any time soon.
USD/CHF starts a new year with a sharp depreciation, as the price retests the lower boundary of the channel at 0.9105 commenced in September, 2012.
USD/JPY appreciates significantly quicker further, as the price passed the 87.00 benchmark today and attained a new peak at 87.32, the highest point since September, 2010.
The Cable sharply appreciated in the last two trading sessions, as the price broke a 16-month high and topped at 1.6380.
The major currency pair demonstrates bullish sentiment on the first day of a new year and has already breached a 1.3224/40 level.
It seems that pair gained momentum after receiving a bullish impetus from the weekly PP.
Pair demonstrating above average volatility, but is remaining rather stable between weekly and monthly PP.
Pair has been rather volatile today– it has been trading in 50 pip range.
Pair is coming it to the new year with low volatility and low trading volume, which leads to rather neutral outlook on the pair in the short term.
USD/CHF pair remains for the third week in a very narrow channel with a lower boundary at 0.9120 and the upper one at 0.9161.
Since USD/JPY pair made a high at 86.63, which is the highest point since August, 2010, the price has depreciated reaching the 20-day SMA on a H4 graph.
Christmas and the New Year's brake reduced volatility of the major pairs, especially GBP/USD, since the price fluctuates for the second consecutive week around the 20-day SMA.
The major currency pair withstood a bulls' attack last week and today remains below the 1.3240 level.
Pair remains bound, but within tighter range—upper limit is still at 100 day SMA, whilst lower limit could be attributed to monthly PP at 0.8187.
Pair remains rather volatile, but as some of other currencies it decreased its range significantly signals about further appreciation with formation of bullish candle.
For a consecutive trading session pair varies in certain range, but different to all the other time it significantly increased upside and decreased downside signaling about propensity to step up a bit higher.
After a major gain pair lacked momentum to reach 115 JPY and crumbled after reaching 114.68.
The price is presently forming a falling wedge, meaning there is an increased chance of the pair surging, since it is a reversal pattern.
USD/JPY carries on advancing along the accelerated up-trend support line, effortlessly piercing through previous highs and other resistances.
GBP/USD appears to remain undecided after a failure to advance above 1.6140/54.