After depreciation 70 pips pair did no manage to breach 0.8116/0.8098 are where it receiver strong bullish impetus and at the moment is testing weekly pivot (PP) at 0.8164. This level might provide some resistance, but should not be hard of a task for pair making 0.8177/81 are the next target, which will be much tougher target.
After few rather volatile days pair seems to be showing clear directional signals and earlier in the session today attempted to fall below 0.9985. Although weekly pivot (PP) did not surrender at first it is likely pair will attempt once more tomorrow after what we should see a dip to 0.9838.
After plummeting by 70 pips yesterday, pair has recovered exactly the same amount today and is hovering slightly above yesterdays opening level at 1.0347. Gap between closest support and resistance levels leaves a lot of space for maneuvering. Combined together with neutral market sentiment it lets us to believe that pair might be range bound for some time.
Pair started week positioning itself for major gains, but after loosing all of it yesterday has stabilized and at the moment is hovering around 103.5. Although technical indicators send combined buy signal, it is worth taking in to account the number of neutral signals which allows as to believe that pair might be driven mostly by market sentiment and pair
In yesterday's trading session USD/CHF has retreated from 0.9262 support level and sharply appreciated, with a peak at 0.9330. USD/CHF pair fluctuates in a downward sloping channel together with neutral technical indicators, therefore it is very possible that the price is consolidating and preparing for a high timeframe impulse. If the channel idea is true, it is likely to see
Yesterday USD/JPY pair was slightly depreciating, as it found a sufficient resistance level at 79.99, which is a historical level from a previous spring. As the price recently showed a rapid increase and RSI in D1 graph reached a value of 76, it is very natural that price falls in some correction. However, it very hard to say, how the
Yesterday GBP/USD pair broke through 1.5995 support level and slipped to a 1.5932 zone, where the weekly S2 goes. As the currency pair shows sighs of depreciation, it is very likely that currency pair will reach at least 1.5880/1.5860 zone, where the historical support levels and the monthly S1 and weekly S2 lie. On the other hand, since the peak
EUR/USD pair experienced a strong downside impetus during yesterday trading session. The previous support level at 1.3024 was unable to maintain an impulse power and currently the price is around a 1.2970 level. Also, the exchange rate is breaching uptrend line, which was started on July 24. If the price settles below this line, it is very likely to see
Today the XAU/USD exchange rate experienced another bearish reaction, therefore supporting the interim bearish trend. As for now the price is about to test the monthly S1 at 1704, which might stop the prevailing downtrend. In case it is broken, then the exchange rate is very likely to reach the lower Bollinger band at 1696, which is expected to reverse
Yesterday's bullish advance has failed to continue, as the GBP/JPY currency couple rebounded from the upper Bollinger band, and at the particular moment the currency pair is heading towards the weekly PP at 126.85, which might bring some bullish impetus. If it is breached, then the price might reach the 200-day SMA at 126.21, which will probably change the direction
The interim bullish tendency, which started more than a week ago, has failed to continue, as today EUR/CAD experienced a significant bearish decline. At the particular moment the currency pair confront the weekly PP at 1.2850, which might slow down the downtrend, however, if it is broken, then the price will probably reach the 200-day SMA at 1.2762, which in
The bullish trend, which started a couple of days ago, has failed to continue, as today the EUR/AUD currency pair experienced a slight bearish reaction. As for now, the price is slowly approaching the weekly S1 at 1.2567, which might bring some bullish impulse. In case it fails to stop the downtrend, then the currency couple is very likely to
Pair tested cluster of resistance levels at 0.8181/91, however unsuccessfully and currently is hovering above 0.8108/0.8098. Such strong bearish impetus is likely to eventually depress pair even further, but for the time being we should see a minor recovery to 0.8133 or maybe a bit higher.
For the second day in a row pair is fluctuating sharply—in 50 pip range yesterday and in 75 pip range today. For the time being 0.99 seems to be the area which supports pair, but, taking in to account reading of technical indicators, this should not last long and eventual dip to 0.9833/21 is imminent.
Pair tried to step up at the beginning of the week, but did not manage to advance far above 1.03 and currently is trading at 1.0265. For the moment it is stuck between 20 bar and 200 bar SMA, but bearish momentum is likely to depress pair to 1.02.
Pair started week very confidently, but did not manage to breach resistance levels at 104.50/55 where it received a strong bearish impetus and currently is trading at 103.5. Pair does not seem to have more potential left and is very likely to fall below week opening level around 103/103.13.
USD/JPY starts this week very confidently and firmly, as the price breached 80 Yen per Dollar mark, bringing currency course to the 3-month high. After Asia trading session, exchange rate has stabilized around 0.7996 level, but, however, it is very likely that it will reach 80.18, where the monthly R2 lies. Technical indicators show first signs of overbuying USD/JPY, as
Monday trading session was very calm in GBP/USD pair, as it fluctuated in a narrow 50 pips range. The lower channel line lies at 1.5995 level, where we have three bottoms since September 10th and it is very possible, if the price settle below this level, we will see a more serious downside impulse. In this case, the next support
EUR/USD pair, after rebounding to 1.3024 support level, slowly moves up towards 1.3115 resistance zone and forms a triangle pattern with an uptrend line since October 1st and the horizontal upper line at 1.315/35. The triangle pattern usually brakes through the upper horizontal line with a strong impulse. This idea is also supported by the daily and weekly technical indicators
USD/CHF starts this week staying in a narrow channel bounded with 0.9280 and 0.9260 lines. Although, most of indicators still show a sell signal, but it seems that price has found a more serious support zone. Therefore, the price starts to consolidate, in order to prepare for a correctional upside impulse. However, it is very hard to say, when the
The interim bearish tendency, which started a couple of days ago, has failed to continue, as today the XAU/USD exchange rate experienced a bullish correction. As for now, the exchange rate is about to test the weekly PP at 1728, which will probably bring some bearish momentum. In case it fails to stop the downtrend, then the price is very
Today GBP/JPY experienced a significant bullish correction, which has already managed to breach the weekly PP at 126.85, and at the particular moment the currency pair is facing the upper Bollinger band at 128.20, which is expected to slow down the uptrend. In case it is broken, then the currency couple is likely to reach the weekly R2 at 129.53,
The interim uptrend, which started more than a week ago, successfully managed to advance further, as today the EUR/CAD currency pair experienced another bullish advance. At the particular moment the currency couple confronts the upper Bollinger band at 1.3017, which is expected to reverse the direction of the current movement. However, if it fails to slow down the rally, then
The bullish tendency, which started yesterday, successfully managed to continue, and today the EUR/AUD currency couple experienced another slight bullish correction. As for now, the price is slowly approaching the weekly PP at 1.2649, which might bring some bearish momentum. In case it is broken, then the currency couple is likely to reach the monthly R2 at 1.2740, which in