The bullish correction, which occurred yesterday, has failed to continue, as today GBP/JPY experienced a significant bearish movement, which has already managed to breach the 20-day SMA, and now the price is heading towards the monthly PP at 127.73, which might bring some bullish impetus. In case it fails to stop the downtrend, then the currency couple is likely to
Today the EUR/CAD currency pair experienced a slight bullish correction, which at the particular moment is about to test the 55-day SMA at 1.2729, which is very likely to slow down the prevailing rally, however, if it is broken, then the currency couple will probably reach the 200-day SMA at 1.2750, which in turn is expected to change the direction
The downtrend, which started a couple of days ago, has successfully managed to continue, as today the EUR/AUD currency couple experienced another bearish reaction, which has already managed to touch the weekly S2, and at the particular moment the price is about to test the lower Bollinger band at 1.2207, which is expected to stop the prevailing tendency. In case
Quite a few pairs are having a volatile session today; kiwi is no exception. Earlier in the session it dropped to weekly pivot (PP) at 0.8273 and then advanced slightly above 0.83 breaching weekly pivot (R1) and Bollinger band on the way, but returned to opening level at 0.826. It is likely that such negative mood will persist further and
Pair appreciated slightly more than 80 pips after receiving a bullish impetus from weekly pivot (S2) at 0.9868. Technical indicators and market sentiment give rather clear signals and it is rather evident that pair is posing for one more attempt to breach parity condition some time soon.
Pair started day promisingly, but did not manage advance much further than monthly pivot (R1) at 1.0472 and was pushed back in to the Bollinger band boundaries. However, this should be just a temporary setback and upcoming sessions should be much smoother and with clearer trend.
After posing for a major rally pair did not manage to breach 20-day SMA barrier and has lost 160 pips since then. As pair is rather volatile for a second day in a row and technical indicators give neutral outlooks we should see at least few more choppy sessions, but general, downward, slope should remain.
Today USD/CHF pair moves sharply south, as the price found a strong resistance level at 0.9430, location of the monthly R1. As the price showed a strong impulse down, it is very likely USD/CHF will continue depreciation till the nearest serious support levels around 0.9368/52, the weekly PP and the 55-day SMA, or even till 0.9330, where we can find
"It's true that the BOJ's policies alone won't immediately end deflation. But we hope to do our best to achieve a stable economic environment"- The Bank of Japan (based on Bloomberg)Pair's OutlookAfter bouncing to the 80.50 level, USD/JPY swung down and tonight it touched the 20-day SMA at 79.78 level. However, currency pair retreated back and now is traded above
Yesterday GBP/USD pair was traded in a very narrow range and daily candle closed with two relatively long shadows on the both sides, therefore it is very likely, that this currency pair has consolidated and changed its moving direction even in the short term. The next resistance levels might be found at 1.6051/65, where the 20-day SMA and the weekly
After breaking a 1-month low at 1.2804 this week, EUR/USD forms a bottom at the monthly S1 at 1.2799, where the daily candle just closed, exactly on the line. Today the price is quite high, around a 1.2870 level. Analysing a possible appreciation, the price might find resistance at 1.2886, the weekly PP, and at 1.2933, where the 55-day SMA
The XAU/USD exchange rate has successfully managed to advance even further, as today the price experienced another bullish correction, and as for now, the exchange rate is gradually heading towards the weekly PP at 1694, which is very likely to bring some bearish impetus. In case it fails to slow down the rally, then the price will probably reach the
The significant movement downwards, which started yesterday, has failed to continue, as today GBP/JPY experienced a slight bullish correction, and at the particular moment the currency pair is slowly moving towards the weekly PP at 128.53, which might bring some bearish momentum. In case it is broken, then the currency couple is very likely to reach the upper Bollinger band
The bearish tendency, which occurred yesterday, managed to continue today, as the EUR/CAD currency pair experienced another slight bearish reaction, and now the price is about to test the 55-day SMA at 1.2723, which will probably bring some bullish impetus. In case it is breached, the currency couple might reach the lower Bollinger band at 1.2668, which in turn is
The bearish reaction, which occurred yesterday, has successfully managed to continue, as today the EUR/AUD currency couple experienced another consequent movement downwards, which has already managed to break the monthly S1 at 1.2301, and at the particular moment the price confronts the lower Bollinger band at 1.2255, which is expected to stop the prevailing tendency. In case it fails to
The currency pair now faces a resistance line at 0.8290/92, though given the usual leisurely pace of change of NZD/USD lately, it is not in danger until tomorrow. Subsequent goals for bulls lie at 0.8337/42 and 0.8397. Still, we may not write off a decline to 0.8237/18 or 0.8206/0.8187, though such weakness should be only a temporary phenomenon, since the
Dearth of interest to acquire the U.S. Dollar did not enable a re-test of 1.0001/10. This has led to a shallow dip of the price to 0.9933/09 that is deemed to be strong enough to safeguard some of the lower support levels, such as 0.9868 and 0.9842. A journey back to 0.9632, a low reached on Sep 14, at the
As suspected, bulls took control of the price, advancement of which continues to accelerate. Nevertheless, AUD/USD is dangerously close to a dense resistance zone that stretches from 1.0455 up to 1.0491 and it is expected to prevent extension of the current rally. If this is not the case, then 1.0572 will be the next goal, although technical indicators do not
Today's price action is likely to draw a pin bar with a long lower shadow, which would imply strong buying pressure between 102.63 and 102.26, limiting possible losses of the Euro's value, at least in the short term. However, since the trading range of the pair is narrowing, a rising wedge is being formed on the chart, meaning an increased
USD/CHF pair's pace of appreciation slows down, as the price is approaching a 0.9443 level , where the 200-day SMA and the upper Bollinger line go. However, it is very hard to say, how the price will continue to move from this level, as indicators do not give an overbought signal. Current resistance levels were historically significant and reliable, thus
As it was expected, USD/JPY pair turned into a correction after bouncing to 80.50 level. Currently, the currency pair is traded around a psychological level of 80.00, which is very important for this pair, as further direction depends on which side will the currency pair settle down. In case USD/JPY continues to depreciate, 80.63/53 level would be targeted next, as
Yesterday a positive performance of the cable has turned into a loss in the end of trading hours, as the price has reached a 1.5983 level. Today, the price shows positive sentiments and is slightly higher, but the current level does not provide any support, thus any appreciation is not sustainable. The further support level is situated at 1.5958, where
EUR/USD extends it negative performance and have already broken a 1-month low at 1.2803. Although the price moves very closely with the sharply decreasing Bollinger's lower line, yesterday's closing point is exactly on the monthly S1 level at 1.2799, therefore the major currency pair may experience a slight correction soon. However, a real support level should be met at 1.2752,
The significant bearish reaction, which occurred a couple of days ago, has failed to continue, and today the XAU/USD exchange rate experienced a slight bullish correction as the price rebounded from the lower Bollinger band at 1674. As for now, the price is gradually approaching the weekly PP at 1694, which might slow down the rally. In case it is