After two successful days pair did not manage to breach Bollinger band and is testing the support of 100 –day SMA after dropping by almost 75 pips today. This mover did not come as a surprise taking in to account recent behavior of the pair, however, 75 pip dive seems a bit steep and we should see a bullish correction
After dipping to 100.3 yesterday pair bounced and never looked back. At the moment it is hovering supported by 55-day SMA. Although this rally was long anticipated and awaited, but by undergoing it pair almost undoubtedly stepped in to oversold area, as indicated by technical indicators on daily outlook, ant it is likely we will see a bearish correction to
As USD/CHF pair made a new high at 0.9512 in the yesterday's morning, it quickly changed its direction and moved down and even closed with a negative performance. Today, the price continues its correction and have already reached the 200-day SMA and the weekly PP at 0.9458. In case this level is breached, the price will have a wide area
Yesterday morning USD/JPY pair was reasonably below the 200-day SMA, but after the touch of the lower Bollinger line, the price retreated and closed exactly on the moving average at 79.46. Today, the price faces bullish sentiments and appreciates to 79.71, the weekly PP. The next support level will be the 20-day SMA at 79.86 and after that the currency
Yesterday GBP/USD pair touched the 200-day SMA, but closed slightly higher at 1.5874, therefore it is incorrect to say that the price tested the moving average properly and due to that holds a high probability of retesting this level. Since the pair is bounded by the moving averages: the 100-day SMA from above at 1.5930 and the 200-day SMA from
Yesterday EUR/USD tried to breach the 100-day SMA at 1.2698, but the support level at 1.2693 was formidable enough to force the pair to pull back the price up. The last session closed just a few pips above the moving average and today the price moves slightly higher at 1.2720. However, as recently the 200-day SMA was broken so easily,
The bearish decline, which happened yesterday, has failed to continue, as today the XAU/USD exchange rate experienced a slight bullish correction, therefore supporting the interim uptrend. As for now, the price is gradually heading towards the 55-day SMA at 1743, which might bring some bearish impetus, however, if it fails to stop the uptrend, then the exchange rate might reach
The bullish correction, which occurred yesterday, has failed to continue, as today the GBP/JPY currency couple experienced another consequent bearish reaction, therefore supporting the interim downtrend. At the particular moment the currency pair is about to test the 200-day SMA at 125.99, which is very likely to reverse the direction of the prevailing trend. However, if it is broken, then
The bearish reaction, which occurred yesterday, has failed to continue, as today EUR/CAD experienced a bullish correction, which at the particular moment confronts the 200-day SMA at 1.2739, which is expected to change the direction of the current movement upwards. In case it fails to slow down the rally, then the currency couple might reach the weekly R1 at 1.2781,
Today the EUR/AUD currency pair experienced another movement downwards. therefore maintaining its interim bearish outlook. At the particular moment the price is slowly approaching the weekly S1 at 1.2152, which is likely to bring some bullish impulse, however, if it is breached, then the currency couple might decline until the lower Bollinger band at 1.2081, which in turn is expected
Pair continues to advance after receiving a bullish impetus from 100-day SMA yesterday. It has been briefly paused by weekly pivot and 200-day SMA but it is very likely pair will try to advance above these levels later in the session, but as readings of technical indicators are inconclusive it seems that bearish market sentiment will drag pair down back
After brief dip pair managed to consolidate above parity condition. However, with this advance Stochastic indicators on daily and weekly outlooks indicate that pair is being overbought and we are a day or two away from a bearish correction. This would suggest that at the moment we are seeing formation of second top for a Double Top pattern with support
After dipping almost 30 pips, pair received a kick from weekly pivot at 1.0402 and currently is holding around 5 pips above opening price. At the moment is seems we will continue seeing such swingy sessions till the end of the week, but overall trend should remain bullish contained by Bollinger band and first major obstacle being at 1.0470.
Pair dipped to 100.3 earlier in the session today, but was dragged back in to the boundaries of the Bollinger band pretty quick. Pairs outlook remains neutral in the near term, however, the Stochastic indicator and weekly technicals suggest we are on the brink of bullish rally and at the moment most pressure is coming from 200-day SMA.
USD/CHF pair eases its appreciation pace and a slope of uptrend becomes flatter, but the pair still makes new highs, as today it broke the previous one and peaked at 0.9505. Currently, the price approaches the 100-day SMA at 0.9503 and looks for a direction, as it is bounded by the 200-day SMA from the bottom and the 100-day SMA
GBP/USD pair firmly steps lower this week and has already reached the 200-day SMA at 1.5860. As the pair faces only one-side bullish sentiments since November 2nd, it is possible to experience some upward correction. Also, the price is very close to the weekly S1 level at 1.5839. However, if the price still has a powerful momentum, then possible support
As for today's morning, USD/JPY pair attempts to breach the 200-day SMA at 79.43 again. Currently, the price is slightly lower at 79.28 and if today it stays and tomorrow opens beneath the moving average, it is very possible to see a continuation of a downside trend. However, to do that, USD/JPY pair also has to break through the monthly
EUR/USD pair settled beneath the 200-day SMA and continues to decrease this week. Currently, the price is traded around the 100-day SMA at 1.2693 level and it is very possible that the price will easily pass it, as the 200-day SMA has not caused many difficulties. If this scenario comes true, 1.2648/35 area will be a possible support, where the
The interim downtrend, which started more than a week ago, has successfully managed to continue, as today GBP/JPY experienced another bearish decline, and at the particular moment the currency pair is about to test the 200-day SMA at 126.03, which is expected to stop the current downtrend, however, if it fails to slow down the bearish movement, then the currency
The interim bullish trend has failed to continue, as today the XAU/USD exchange rate experienced a slight movement downwards, and now the exchange rate is slowly moving towards the 20-day SMA at 1713, which might bring some bullish impetus. In case it fails to reverse the downtrend, then the price might reach the lower Bollinger band at 1689, which in
The slight bullish correction, which occurred yesterday, has failed to continue, as today the EUR/AUD currency couple experienced another consequent significant bearish reaction, and at the particular moment the currency pair is about to face the weekly S1 at 1.2152, which might slow down the current downtrend. In case it fails to stop the prevailing tendency, then the currency pair
The uptrend, which started yesterday, has failed to continue, as today the EUR/CAD currency pair rebounded from the weekly PP, and now the price is slowly heading towards the monthly S1 at 1.2685, which will probably bring some bullish impulse. In case it fails to stop the downtrend, then the currency couple might decline until the weekly S1 at 1.2654,
Pair is preparing for a major rally as we saw a 40 pip move after a push from 100-day SMA. However, nearest obstacle at 0.8193/99 might be rather significant as there is a high probability that majority of pending sell orders are exactly at those levels suggesting that pairs rally might be not flawless.
Pair once again is trying the strength of resistance at parity condition, but market is not willing to give up this level easily. Beside being a major level we can see that we have 200-day SMA there as well which makes predictions even more complicated. Short term technical indicators suggest that pair will remain turbulent around current level, but medium