Downside risk has materialized, as the pair has reversed its direction at a resistance area 1.2790/1.2819 and is now charting a bearish engulfing pattern. EUR/USD gravitates towards a confluence of 100 and 200-day SMAs and may soon erode it, given that most of technical indicators continue to give "sell" signals and the price lacked bullish impetus after it first met
The interim uptrend, which started a couple of days ago, has successfully managed to continue, as today the XAU/USD exchange rate experienced another consequent movement upwards. As for now, the price is slowly approaching the weekly R1 at 1732, which might bring some bearish momentum, however, if it is breached, then the exchange rate will probably reach the 55-day SMA
The bearish reaction, which occurred yesterday, has failed to continue today, and today the GBP/JPY currency couple experienced a bullish advance, which has already managed to overcome the weekly R1, and ate the particular moment the currency pair is heading towards the upper Bollinger band at 130.53, which is expected to change the direction of the prevailing tendency, however, if
The bearish reaction, which occurred yesterday, has failed to continue, as today EUR/CAD experienced a significant movement upwards, which has already managed to break the 55-day SMA. As for now, the currency couple is about to test the 20-day SMA at 1.2783, which might slow down the rally, but if it is broken, then the currency pair is likely to
Today the EUR/AUD currency pair experienced a significant bullish correction, which has already managed to breach the 20-day SMA at 1.2329, and at the particular moment the currency couple is gradually heading towards the 200-day SMA at 1.2398, which is expected to stop the current movement upwards, however, if it is broken, then the price might reach the 55-day SMA,
A recent breach of a bullish trend-line that has been respected by the market since mid-June proved to be false and NZD/USD has already returned within the upward-sloping channel. Nevertheless, the current position of the price is unstable and attainment of higher levels, such as 0.8202/18 and 0.8279/94, is required in order to claim that the pair has preserved its
USD/CAD has closed above parity for several days, notwithstanding, it was unable to continuously remain above 1.0014/00 and has already slipped beneath 0.9987/72. The currency pair carries on gaining bearish momentum, as suggested by weekly technical studies, but should overcome 0.9942/31 and, most importantly, 0.9917/0.9891 before the medium-term outlook is changed to negative, as it is the key support at
On all relevant timeframes technical indicators suggest absence of any action by the price, which has moved only 10 pips since the start of the day, if we disregard shadows of the candle. Despite the outlook being currently neutral, the risk is to the downside, since fluctuations of AUD/USD are restricted by a major bearish trend-line at 1.0444/49 from above,
Even though with a little hesitation EUR/JPY still managed to climb over an intersection point of an up-trend and a down-trend resistance lines at 103.63, meaning that a sharp two-day rally of 270 pips initiated last Wednesday carries a significant amount of an upside potential. The closest targets are situated at 104.95 and 105.29/48, but are likely to strongly oppose
USD/CHF was unable to get a foothold above the 200-day SMA last week and thus the currency couple looks inclined to soften even further. The nearest target resides at 0.9393, although it is expected to give in eventually and pave the way towards 0.9364/43. In the meantime, resistances at 0.9422/29 and 0.9452/76 should prevent prolonged surges.
A sharp rally from 79.38/23, which is mainly formed by the 55 and 200-day SMAs, proved to be unsustainable and was halted ahead of 81.79/92, resulting in an inception of a bearish correction. The U.S. Dollar could weaken until the level of 80.89/67 is reached, though we also cannot rule out a deeper retracement, back to 79.38/23, as neither 80.25
The cable preserves its upside potential and appears to be aiming for 1.62 in the medium term. At the moment the currency pair is confidently approaching a dense resistance area composed of a monthly S1, the 100-day SMA and several other studies. A close above 1.5932/67 would thus imply continuation of an up-trend, while a failure to breach it is
EUR/USD is moving away both from the 100 and 200-day SMAs and is currently well-positioned to extend the rally through the nearest resistances up to a major bearish trend-line situated just above 1.30. Formidable support at 1.2740/19 should limit possible losses, since near-term technical indicators give a strong "sell" signal and suggest existence of a threat to a bullish scenario.
Whole day yesterday pair stayed in 20 pip range and closed almost at the opening level, but advanced 50 pips after receiving a push from weekly pivot at 0.8128 and currently is trying to breach 20-day SAM at 0.8186. However, technical indicators and todays events let us believe that 0.82 will be the area from which pair will dip to
Parity condition/200-day SMA introduced more resistance than anticipated and pair plummeted almost 50 pips already. However, current market sentiment and technical indicators allow us to believe that it is just a temporary setback and, if even pair wont rally far above parity condition, it should stay in 1.00-1.004 (Bollinger band) boundaries for some time more.
Pair advanced by more than 60 pips after receiving a bullish impetus from 55-day SAM at 1.034 yesterday. Although pairs outlook is rather neutral, stochastic indicator suggests it is not just a one time incident, but rather a start of a bullish rally which should test strong resistance areas around 1.044 and 1.047 rather soon.
After a minor tip toe of 33 pips yesterday pair is hovering slightly below 104 JPY. It seems It is planning to stay there for some time more, but Stochastic indicator suggest pair is oversold and bearish dip is just around the corner. However, longer term technicals and support levels allow us to believe that dip should not be much
After the test of the 200-day SMA at 1.5859 in the end of last week, GBP/USD pair steps higher and currently is traded at 1.5915. The pair retreated from the weekly S1 level at 1.5844 and now easily moves towards the 100-day SMA and the weekly R1, which intercept at 1.5944 level. Considering an uptrend scenario, 1.5932-1.5967 range will be
During Friday trading session USD/CHF pair moved up and checked the 200-day SMA at 0.9466. Seems that the check test was successful, as the price closed beneath the moving average and today extends a downside movement. The possible support levels are 0.9393, the weekly S1, and the 0.9362-0.9344 range, where the 55-day SMA and the weekly S2 cross.
USD/JPY pair made a peak at 81.55 during Friday's trading session and that was the highest point in 7 months. The RSI indicator in a daily graph has reached 72.7 points in the peak point, however, this value forms a down-trend in the RSI graph, what makes a divergence with the price's uptrend. In case the price still has a
EUR/USD pair during Friday trading session moved down and in a daily graph tested the SMA for 200 bars at 1.2725 and in a H4 graph reached the lower line of Bollinger Bands. Currently, the price has slightly increased and is traded at 1.2758. If upward trend scenario takes the scene, 1.2800 level will be important with the monthly S1
The interim downtrend, which started a week ago, has successfully managed to continue, as today the XAU/USD exchange rate experienced another consequent movement downwards, which has already managed to overcome the 20-day SMA at 1712. As for now, the price is gradually heading towards the lower Bollinger band at 1690, which is expected to reverse the prevailing downtrend, however, if
The interim uptrend, which started a couple of days ago, has successfully managed to continue, as today GBP/JPY experienced another consequent bullish correction, and at the particular moment the price is slowly approaching the upper Bollinger band at 129.62, which is very likely to change the direction of the prevailing tendency, however, if it fails to slow down the rally,
Today the EUR/CAD currency pair experienced a slight bearish movement, which has already managed to breach the 55-day SMA, and now the currency couple is about to test the 200-day SMA at 1.2730, which is expected to reverse the prevailing movement downwards. In case it broken, then the price is very likely to reach the monthly S1 at 1.2685, which