Yesterday's bearish reaction failed to continue today, as today the XAU/USD exchange rate experienced a slight bullish correction, and at the particular moment the price is facing the 20-day SMA at 1714, which might reverse the uptrend. In case it is breached, the exchange rate is very likely to advance until the 55-day SMA at 1721, which in turn will
GBP/JPY successfully managed to keep its bullish outlook, since today the currency couple experienced another significant bullish advance, which managed to break =the upper Bollinger band, and now the currency pair is about to test the weekly R2 at 133.74, which will probably bring some bearish momentum, but in case it fails to slow down the movement upwards, then the
The uptrend, which started three days ago, has successfully managed to advance even further, as today the EUR/AD currency couple experienced another movement upwards, which has already managed to breach the monthly PP at 1.2840, and at the particular moment the price is gradually approaching the weekly R1 at 1.2943, which might slow down the uptrend, however, in case it
The bullish tendency, which started a couple of days ago, has successfully managed to continue, as today the EUR/AUD currency couple experienced another consequent movement upwards, and at the particular moment the price confronts the 200-day SMA at 1.2370, which is expected to reverse the prevailing bullish trend, however, if it is breached, then the currency pair might reach the
After strong rally yesterday pair has been fluctuating in 30 pip range today. It seems that some of market participants are trying to adjust their portfolios to the new high. Technical indicators point at continuation of this rally, but Bollinger band should keep some pressure on the pair. In addition, it is worth paying attention to the fact that the
Pair has been depreciating for eight consecutive days and although RSI and the Stochastic are rather deep in the oversold areas it seems that some of market participants are waiting until negative ripples form recent attempt to breach parity will fade away. On the other hand, for the same eight days pair has constantly trying to recover some of its
Pair has decisively breached the psychological level at 1.05. Further strength of the pair raises few questions in the short term as for quite some time it has been pushing the boundaries of Bollinger band and in the past it proved to be a major stoppage for the pair. However, technical indicators, even if on small margin, point at further
Pair continuous its gamely rally. At the moment it is supported by weekly R1 and aims at 8 month high, which should be an easy task for the pair as indicators suggest. However, depending at what level will the week end, we might see a bearish correction some time soon.
USD/CHF pair is traded along the 20-day SMA, which is currently at 0.9308. The price is still on the bullish side of the Bollinger line, but recently the currency pair was unable to breach the 55-day SMA and stayed beneath it. So we have two strong, but opposite signals and it would be rational to wait before opening a position
Today USD/JPY pair sharply increases and attempts to break out from the channel. As the currency pair is currently traded at 82.71, it is higher than the upper channel line at 82.56. Therefore, if the price settles above the latter level, it is very likely to see a further pair's appreciation. The next resistance level is at 82.85, the upper
GBP/USD pair's appreciation was stopped by the weekly R1 level at 1.6109. Currently, the price consolidates and it is very likely to see a further increase, at least till 1.6139, the upper Bollinger band. In case the impulse is strong enough to move higher, then the next resistance is at 1.6184, where the R1 intersects with R2.
EUR/USD pair firmly overcame the 20-day SMA at 1.2965 yesterday and attempted to breach 1.30 area. In a H4 graph, the 55-day SMA lies at 1.3004 and contains strong resistance together with a psychological level. Therefore, it is likely to see a consolidation or even correction to accumulate a new impetus to move higher. The next resistance is the R1
After minor setback last few days pair safely advanced above 0.8355—the highest level in 9 months. It seems that pairs rally is becoming very spontaneous and at some point it should return at least to the boundaries of Bollinger band. Such probability is supported by Stochastic indicator which is deeply in overbought area, however, we should still wait for %K
For the third consecutive day pair is fluctuating in small, up to 25 pip, range. Although technical indicators give neutral signals it is worth mentioning that %K and %D in the Stochastic indicator have intersected and we might be observing a beginning of a bullish rally. However, it is likely that even in case of a rally the pair might
After series of attempts it seems that pair finally breached 1.05 for good. However, next, much more complicated step would be to breach Monthly R1/Bollinger band at 1.0514/18. It is very likely that like with 1.05 it will take some time since technical indicators do not shine with the abundance of conclusive signals.
It seems pair gained some momentum as it continues to appreciate after receiving bullish impetus when it dipped to 106 JPY. At the moment pairs outlook is strongly bullish suggesting that we should see an attempt to breach 107.63 and recent high at 107.9 in the course of this week.
General idea in USD/JPY pair does not change, since the price still moves in the channel. Yesterday the price rebounded from an upper boundary at 82.55 and slipped lower. Currently the currency pair is breaching the weekly PP at 82.37 and is very close to the 20-day SMA, which is at 82.24. If the price overcomes this SMA and settles
USD/CHF pair gradually slips lower to retest the strength of the 20-day SMA at 0.9314. As the price entered the bullish side of the Bollinger line, the pair was pushed to retest its bullish sentiments. If the price remains above the 20-day SMA it is very likely to see a further appreciation.
GBP/USD pair was slipping downward yesterday morning, but in London trading session the price reversed its direction and presently is firmly moving higher. The price still remains above the 20-day SMA, being is a strong signal of an up-trend. Therefore possible resistance levels are at 1.6109, where the R1 lies, and at 1.6132, an upper line of the Bollinger band.
The major currency pair found a support at 1.2890, where the monthly PP intersects with the 55-day SMA. Currently EUR/USD is approaching the 20-day SMA at 1.2950, which is the middle line of Bollinger bands. It is very likely that next few days direction will depend on which side the price will settle regarding the 55-day SMA. In an up-trend
Today the XAU/USD exchange rate experienced another consequent significant bullish advance, and now the price confronts the 20-day SMA at 1715, which might bring some bearish momentum, however, in case it fails to stop the uptrend, then the exchange rate will probably reach the 55-day SMA at 1724, which in turn might slow down the bullish tendency. Additionally, the overall
Today GBP/JPY experienced another slight movement upwards, and at the particular moment the currency pair is slowly heading towards the upper Bollinger band at 133.19, which is expected to change the direction of the prevailing tendency, however, if it is breached, then the currency couple will probably reach the weekly R2 at 133.63, which in turn might slow down the
The bearish trend, which started less than a week ago, has failed to continue, as today the EUR/CAD currency pair experienced a slight bullish correction, and now the currency couple is moving towards the 55-day SMA at 1.2818, which will probably slow down the uptrend, however, if it is breached, then the price might reach the weekly R1 at 1.2943,
Yesterday's bullish correction successfully manage to continue, as today the EUR/AUD currency couple experienced another consequent movement upwards, and at the particular moment the price is gradually approaching the 200-day SMA at 1.2373, which is very likely to stop the uptrend, however, if it fails to slow down the bullish tendency, then the currency pair is very likely to face