The short-term bearish trend, which started on September 7th, has ended, and now GBP/JPY experiences another small bullish correction. At the particular moment, the price is facing the upper Bollinger band at 125.40, which is expected to change the direction of the current trend. In case it is broken, then next resistance at 125.72 (monthly R1) will probably bring some
The bullish tendency, which started a couple of days ago, failed to continue, and today the EUR/CAD currency pair is about to test the weekly PP at 1.2471, which might bring some bullish impetus. If it is breached, then the price might reach the 20-day SMA at 1.2405, which in turn is likely to reverse the current movement downwards. Besides,
Today the EUR/AUD currency couple experiences a small bearish reaction, which stopped the uptrend, which started on September 7th. As for now, the price confronts the weekly PP at 1.2323, which might slow down the prevailing downtrend. In case it fails to stop the bearish movement, then next support at 1.2256 (weekly S1) is very likely to bring some bullish
The pair is continuing to depreciate and is approaching channel down support level at weekly S1 at 0.9726. Although pair breached Bollinger band at 0.9768 suggesting that it is gaining momentum, it is highly unlikely pair will be able to hold below this level for a longer time.
AUD/USD advancement was stopped at 1.0386. Technical indicators show that pairs downside risk persists and it is likely that 55 day SMA should have enough power to push pair closer or even below 200 day SMA at 1.034.
Pair has easily advanced towards 100, however was stopped by monthly pivot at 100.206 and currently hovers on the Bollinger band at 100.07. It seems that pair lacks momentum to advance further at the moment and it is likely we will see a pullback towards weekly PP at 99.501.
NZD/USD advancement was stopped by negative trader sentiment at 0.8125. Pairs outlook remains negative and if even pair is to advance further cluster of support levels around 0.8178 should provide enough resistance to push it back to 0.81.
USD/CHF has finally arrived at 0.9424/0.9385 and already commenced recovery. The ultimate target of the pair lies around 1.0045/88, though it will have to breach a number of notable resistances, such as 0.9496, 0.9564/71 and 0.9646/49, prior to reaching its goal. Provided that 0.9424/0.9385 fails to provide sufficient support, additional levels of interest are at 0.9317 and 0.9253/05.
USD/JPY was unable to overcome 78.83/99 (100 day SMA), resulting in a precipitous fall, which was halted only by 77.98/81. Most of near-term technical indicators, including daily and weekly, remain bearish, as the pair is likely to be pressured down to the nearby support, which, however, is expected to withstand, thereby largely the outlook is neutral.
The cable is persistently getting closer to a major downtrend resistance line at 1.6083/99, where its current bullish impetus is expected to be changed to a bearish one. GBP/USD has already faced difficulties at 1.6021/25, implying that considerable selling pressure will not allow the pair to carry on stepping higher. Accordingly, the price should soon refocus on supports, the nearest
Resistance at 1.2806/08 stopped advancement of the currency pair, which is likely to consolidate before attempting to continue its upward movement. Subsequent levels are at 1.2864/1.2907 and 1.2953, but eventually should give in case bullish momentum proves to be preserved. In the meantime, dips are to be contained by supports at 1.2765 and 1.2704.
The uptrend, which started yesterday, successfully managed to continue, and today the XAU/USD exchange rate experienced a significant bullish advance, which has already managed to overcome the upper Bollinger band at 1733, ad now the price is gradually heading towards the weekly R3 at 1752, which might slow down the uptrend. In case it is broken, then the exchange rate
Yesterday's bullish movement failed to breach the 200-day SMA at 123.21, and now the GBP/JPY currency pair experiences a bearish reaction. The currency couple has already managed to cross the weekly R2 at 125.35, and now the price confronts the weekly R1 at 124.79, which might stop the current downtrend. However, in case it fails to reverse the trend, then
The bearish trend, which started yesterday, did not manage to last long, as the EUR/CAD currency couple rebounded from the weekly PP at 1.2416, and now the price is slowly approaching the weekly R2 at 1.2552, which is likely to bring some bearish impetus. If it it breached, then the price might reach the upper Bollinger band at 1.2581, which
Yesterday's bearish reaction did not manage to continue today, and the EUR/AUD currency pair experienced another bullish correction, thus supporting the prevailing interim uptrend. As for now, the price has reached the weekly R1 at 1.2315, and now it is heading towards the 200-day SMA at 1.2389, which is very likely reverse the direction of the prevailing movement. In
EUR/USD carries on moving forward despite weekly and monthly indicators being bearish. The initial resistance is at 1.2651, followed by 1.2696 and 1.2730/65, although the 200 day SMA in conjunction with a downtrend resistance line is viewed as having the highest chance of occluding further appreciation of the Euro. In the meantime, supports are at 1.2558/09 and 1.2479/49.
The currency couple continues to be weighed upon by an accelerated downtrend resistance line, which constrains bullish activity of the pair, resulting in lower highs. Since support at 0.9562/53 has been eroded, 0.9489/69 is anticipated to come under pressure next, whereas 0.9429/0.9398 might prove to be a turning point.
USD/JPY has sped up development of its rally and has already surged above 78.64/78, meaning that the next resistance that is likely to fall a victim to bulls is at 79.04/09. Additional levels are at 79.34/38 and 79.55/68 and should also be challenged by the pair fairly soon, since support at 78.04/77.98 is able to absorb downward momentum and restore
The cable has finally gathered sufficient bullish impetus and pushed through 1.5922, thus a road towards 1.5964/79 has been opened. Additional resistances may be found at 1.6021 and especially at 1.6063/93—an area where a major downtrend resistance line is supposed to be met. Until the latter level is reached, the outlook should remain positive.
Yesterday's bearish reaction did not manage to continue, and today the XAU/USD exchange rate experienced a major bullish advance. At the particular moment, the price confronts the weekly R1 at 1705, however, when it is breached, then the exchange rate might reach the upper Bollinger band at 1725. In case it fails to stop the rally, then next resistance at
Today EUR/CAD experienced a significant bearish reaction, which managed to cross the weekly R1 at 1.2476 and the weekly PP at 1.2416. As for now the currency couple is gradually approaching the 55-day SMA at 1.2363, which is expected to bring some bullish impetus. If it fails to stop the prevailing downtrend, then next support at 1.2281 (weekly S2) is
Yesterday's bullish correction did not manage to last long, and today the EUR/AUD currency couple experiences a significant bearish reaction, which has already crossed the weekly R1 at 1.2314. At the particular moment, the currency pair is slowly heading towards the weekly PP at 1.2164, which will probably bring some bullish impulse, however, if it is breached, then the price
The bullish tendency, which started three days ago, successfully manages to advance even further, and today the GBP/JPY currency pair has experiences a significant rally, which has already managed to breach the upper Bollinger band at 125.12. As for now, the price is about to face the weekly R3 at 125.90, which might slow down the movement upwards. In case
NZD/USD is headed towards 0.8027/51, as no other resistance below it currently possesses a threat to persisting bullish tendency. Nevertheless, the 55 day SMA, in conjunction with the 200 day SMA, is not anticipated to give in and allow reversal, on the contrary, it is supposed to enforce continuation of a decline started on August 7.