As USD/CHF pair breached the upside line at 0.9275, the price moves down rather unwillingly. Therefore it is possible to see a retest of a trend-line in order to prepare a downside impulse. In any case, the target zone remains a 0.9191/80 area, where the monthly S1 and the weekly S2 intersect with the lower Bollinger band.
After USD/JPY pair found a resistance at 82.47, the price moves south. As the pair is overbought to a significant extent, possibility of a deeper correction is increased. The first support level will be the weekly S1 at 81.86 and after that—81.46 area, where the monthly PP level crosses with the 20-day SMA.
GBP/USD pair was bounded by a down-sloping trend-line for a long time and yesterday the price finally overcame it and surged till the upper Bollinger brand at 1.6124. The next resistance level is the weekly R2 at 1.6115 and 1.6169/81 area, where a long-run downside trend-line intersects with the weekly R3 and monthly R1.
EUR/USD pair started a week by firmly rallying. The price increased above the down-trend line at 1.3040 and was stopped by the weekly R1 at 1.3055. It is very likely to see a retest of a trend line, which was just easily overcome. Afterwards, if the price still maintains momentum to appreciate, 1.3118 level will be the key resistance, where
The bearish trend, which started a couple of days ago, has failed to continue, as today the XAU/USD exchange rate experienced a slight bullish correction, and now the price is gradually heading towards the 20-day SMA at 1726, which is very likely to stop the uptrend, however, if it is breached, then the exchange rate might reach the 55-day SMA
The bullish movement, which started more than a week ago, has successfully managed to continue, as today GBP/JPY experienced another consequent bullish advance. As for now, the currency couple is slowly moving towards the weekly R1 at 133.14, which might bring some bearish impetus, but if it is broken, then the price might advance until the weekly R2 at 134.14,
Today the EUR/CAD currency pair experienced another movement upwards, and at the particular moment the price is gradually approaching the weekly R1 at 1.2969, which will probably bring some bearish momentum, but in case it is breached, the currency couple is likely to reach the upper Bollinger band at 1.2996, which in turn is expected to change the direction of
The uptrend, which started a couple of days ago, has successfully managed to continue, as today the EUR/AUD currency couple experienced another significant movement upwards, and at the particular moment the price is heading towards the weekly R1 at 1.2525, which might slow down the rally, however, if it is breached, then the currency pair will probably reach the upper
Yet another attempt of bears to penetrate the 55-day SMA did not succeed, triggering short-squeeze that has already forced the pair to rise above the weekly PP. The next resistance is situated at 0.8247/63, but for now appears to be in a relative safety, as technical studies are mostly silent at the moment. In the meantime, possible losses are to
"The (U.S.) dollar is lower against most of the majors overnight rather than being anything specific to Canada. There is plenty going on in Canada this week but not so much today really"- RBC Capital Markets (based on Reuters)Pair's OutlookUSD/CAD has been trading within a broadening upward channel since mid-September and is presently facing the up-trend support line at 0.9920/08,
Selling pressure AUD/USD encountered near the upper edge of the bearish channel at 1.0475/92 prevented further development of a rally. Consequently, the currency pair is expected to initiate a down leg that in turn may last until 1.0109 in the medium term, if the 200-day SMA fails to halt depreciation of the Australian Dollar. However, some of the closer supports,
Even though with a little bit of hesitation at first EUR/JPY has successfully overcome a major down-trend resistance line at 106.70/107.10, significantly increasing chances of a follow-up rally that might push the price to even higher levels. The initial resistance lies at 108.13, while subsequent obstacles could be found at 109.09/25 and 109.71. Daily and weekly indicators too reinforce bullish
USD/CHF pair started a new week with a decrease just from the uptrend line at 0.9275. If a daily candle closes beneath the open price and settles under the upside line, there is vey possible to see a price depreciation to 0.9190/80 area, where the weekly S2, monthly S1 and the lower line of Bollinger line intersect.
USD/JPY pair slips lower after an unsuccessful attempt to breach a previous high at 82.84. Currently, the price is close to the weekly PP level at 82.30. There depreciation of the U.S. Dollar seems to be a likely scenario, as in a weekly graph the pair is testing the Bollinger line form above and the RSI indicators has a value
All last week GBP/USD pair was bounded by a downside trend line around the 1.6040 level and a few attempts to breach it were unsuccessful. Currently, the price moves up to retest the downtrend again and, if it is successful, the next resistances will be the weekly R1 at 1.6069 and than the upper Bollinger line at 1.6092.
EUR/USD pair opened a new week with an upside spike and set a new high at 1.3047. After the price settlement above the weekly PP line at 1.2968, it continues to appreciate towards the weekly R1 at 1.3055 and the upper Bollinger line at 1.3089. If the price does not lose its momentum, there is very likely to see 1.3115/21
Today the NZD/USD currency couple experienced a significant bearish reaction, which has already managed to breach the 55-day SMA, and now the price is facing the 100-day SMA, which is expected to slow down the downtrend. In case it is broken, then the currency pair might decline until the weekly S1 at 0.8149, which is likely to stop the bearish
Today the EUR/JPY currency couple experienced a significant bullish advance, which at the particular moment confronts the monthly R2 at 107.43, which might bring some bearish momentum. In case it is breached, then the currency pair is very likely to reach the upper Bollinger band at 108.30, which in turn is expected to reverse the prevailing movement upwards. Moreover, the
The bearish reaction, which occurred yesterday, has successfully managed to continue, as today the AUD/USD currency pair experienced another consequent movement downwards, and now the price is about to test the 20-day SMA at 1.0406, which is very likely to stop the bearish tendency. Nevertheless, the overall indicator outlook is positive, therefore supporting the potential tendency change in the upcoming
Yesterday's bullish advance, has managed to continue, since today USD/CAD experienced another slight bullish movement. At the particular moment the currency couple is gradually moving towards the weekly PP at 0.9955, which will probably bring some bearish momentum. In addition, the overall indicator outlook is bearish, therefore a soon tendency change might be expected in the nearest future.
USD/CHF pair depreciates for a third consecutive session and is already breaching an uptrend line at 0.9273. In case, the price will broke through it and settle beneath it, than there is very likely to face a depreciation of the price till 0.9206 area, where the weekly and monthly S1 intersect with the lower Bollinger band line.
USD/JPY pair found a support for a further appreciation and the price stepped higher from the weekly PP at 82.16. Currently, the price moves towards a previous high at 82.83, which is the highest point in 8 months. As the pair maintains strong bullish sentiments, but technical indicators tempt about an oversold situation, therefore, a sharp increase above the previous
Yesterday GBP/USD pair advanced and closed just beneath the downtrend line at 1.6040. Currently, the price is breaching the level and if it settles above it, there is very possible to see an uptrend expansion. Likely resistance levels would be 1.6083/92, where the weekly R1 and monthly PP intersect with the upper Bollinger band line. In case, the price reverses,
EUR/USD pair steps higher and during yesterday trading session broke a few days high and peaked at 1.3014, which is the highest point this month. However, the price still maintains bullish sentiments and steps towards new resistance levels: firstly the exchange rate have to settle above 1.3020 and secondly 1.3063, where the Bollinger band and the weekly R1 levels intersect.