Today the EUR/AUD currency couple experienced a slight bullish correction, as the price rebounded from the 55-day SMA, and at the particular moment the currency pair is gradually heading towards the monthly R1 at 1.2555, which will probably bring some bearish momentum. In case it fails to stop the uptrend, then the currency couple might reach the 20-day SMA at
The bearish reaction, which occurred yesterday, failed to continue, as today the EUR/CAD currency pair gained some bullish momentum. As for now the currency couple is heading towards the weekly R1 at 1.3016, which is likely to stop the uptrend. However, if it is breached, then the price might reach the upper Bollinger band, which in turn is expected to
It has been third trading session in this week and it seems that pair might be range bound (0.8185/79-0.8236) this week. As technical indicators don't give any conclusive signals probability of such scenario becomes even higher.
Although pair managed to advance above parity condition, its stay there was rather brief. Pairs future is rather uncertain since lot of mixed signals are coming form the fact that pair is at the intersection of two major technical levels (parity condition and 200 bar SMA) at the moment. This can be seen from technical indicators making pairs move to
After depreciating for a few days pair did not manage to fall below weekly pivot (PP) at 1.0327 and was pushed back above 100 bar SMA. At the moment it is testing monthly pivot (PP) at 1.0378, which might cause some minor troubles;, but not for long. Much harder task will arise once pair approaches 1.0419/21.
Pair dropped way below 103 JOY mark today, but unexpectedly was stopped by weekly pivot (S1) at 102.20. This bullish impetus helped pair to climb back and currently it is testing weekly pivot (PP) at 103.39. Stochastic indicators lets us believe that this rally should continue further next stop being at 104 JPY.
USD/CHF pair loses its moving momentum and today the price has bounced down from a 93.61 level, also touching the 55-day SMA at 93.75. As the price eases its appreciation pace, we might expect some correction till near support levels around 0.9330, the 20-day SMA and weekly PP. After this the price might surge and check 0.94 level properly.
Yesterday USD/JPY pair rebounded from the 200-day SMA at 79.65 and moved up to the weekly PP at 79.75. Currently, pair made a spike down amounting to 50 pips. If this sharp movement is sustainable, then the next support might be met at 79.06/14, where the monthly R1, weekly S1 and 20-day SMA go. If it is just a short
As yesterday's price drop broke through the 20-day SMA and the weekly PP so easily, today the price slightly retreats back and looks for a resistance around there. If it is found, it is very likely that the price will decrease further and reach 1.5951 level, where the lower Bollinger band lies and the weekly S1 goes. If the alternative
EUR/USD pair continues to move south and has already reached the 55-day SMA at 1.2893. This level is the only one, which might accumulate some support for a pair's current depreciation, therefore it is very possible that the exchange rate will extend it decrease till the Bollinger band at 1.2827 or even till 1.2762, where the weekly S2 and the
The bullish trend, which occurred yesterday, failed to continue, and the XAU/USD exchange rate rebounded from the weekly PP at 1714. As for now the price is gradually approaching the monthly S1 at 1704, which might slow down the current movement downwards. If it is broken, then the exchange rate is very likely to reach the lower Bollinger band at
The downtrend, which started a couple of days ago, has successfully managed to continue, as today the GBP/JPY currency couple experienced another bearish reaction. At the particular moment the price is slowly heading towards the 20-day SMA at 126.98, which will probably bring some bullish impetus. In case it is breached, then the currency pair might reach the 200-day SMA
The bullish correction, which occurred yesterday, did not manage to continue, as today EUR/CAD experienced a bearish reaction, which has already managed to breach the weekly PP at 1.2909. As for now, the currency couple is slowly moving towards the 20-day SMA at 1.2809, which will probably stop the downtrend. In case it fails to slow down the current tendency,
The interim bearish tendency, which started more than a week ago, successfully managed to continue, as today the EUR/AUD currency pair experienced another consequent movement downwards, and at the particular moment the currency couple is about to test the 55-day SMA at 1.2463, which is likely to bring some bullish impulse. In case it is breached, then the price might
Pair tried to advance right from the beginning of the week, but crumbled already at the first stop at Bollinger band. It did not manage to recover even since and it seems that it is at current levels only due to the fact it is being supported by a cluster of levels. If it breaches it we are almost certain
Pair started weekly rather confidentially and at the moment is trying to breach 200 bar SMA/parity condition. Pair should manage to step up higher without much of an interference. Real question is how long it will manage to stay there. Although technical indicators on aggregate give neutral signals, but Stochastic indicator suggests we might be on a brink of bearish
Pair did not manage to brake 100 bar SMA boundaries and is posing for a serious dip while being supported only by weekly pivot (PP). Pair should depreciate some more, with next serious stop being at 1.03 where we should find 20 bar SMA once pair gets there.
Pair started peek rather passively hovering in 20 pip range. Today It tried to depreciate to 102.5, but climber back to 103 JPY after receiving a bullish impetus from 20 bar SMA. It is likely pair will step up some more and regain some of last weeks losses as monthly R1 and weekly PP should not be much of trouble.
USD/CHF pair continues to appreciate with a target at 0.9380/0.94 area, where a lot of resistance levels go. Last Thursday the price was already pulled back from this zone with a peak at 0.9387. But to prepare for a proper price settlement in this zone, it has to reach this level and close a D1 candle around this area, what
USD/JPY pair rebounded from 80.22 level, as a positive impetus was already too weak to break the monthly R2 level, therefore the price experienced a correction and currently is traded at 79.68, where 200-day SMA goes. So, if the price settle above this line, it is very possible to see a further price appreciation.
As we expected last week, GBP/USD pair reversed its movement and pulled back from a 1.6120 level down. If the currency pair continues to decrease the next support level will be around a 1.6065/50 area, where crosses the 20-day and 55-day SMAs and the weekly PP. On the other hand a long-term price decrease becomes more flatter and indicates a
A new week starts with a slight decrease of EUR/USD pair, as the price settled beneath the upside trend, which began on 25th of July. Currently the price is very close to the 55-day SMA at 1.2878. The next support level would be 1.2840, where are the Bollinger band and the weekly S1, monthly PP levels. However, currently this pair
Pair is trying to breach Bollinger band boundaries after receiving a bullish impetus form 20 bar SMA at 0.8177. Although this seems to be a rather strong push and even if pair breaches Bollinger band it should not manage to advance far above 0.824.
Pair is ferociously trying to advance above 1.04, however, monthly pivot (PP) does not allow it to do so and every time pair returns to 100 bar SMA for the time being. New week should not be much of a different—pair should continue appreciating by 10-20 pips in a session. Situation should become completely different once pair breaches monthly pivot