The interim uptrend, which started more than a week ago, successfully managed to advance further, as today the EUR/CAD currency pair experienced another bullish advance. At the particular moment the currency couple confronts the upper Bollinger band at 1.3017, which is expected to reverse the direction of the current movement. However, if it fails to slow down the rally, then
The bullish tendency, which started yesterday, successfully managed to continue, and today the EUR/AUD currency couple experienced another slight bullish correction. As for now, the price is slowly approaching the weekly PP at 1.2649, which might bring some bearish momentum. In case it is broken, then the currency couple is likely to reach the monthly R2 at 1.2740, which in
For the past week pair has not spent much time below 0.8150 which suggests a presence of support area around there. At the moment pair is additionally supported by weekly pivot (PP) and is trying to advance above cluster of resistance levels at 0.8181/91. However, this scenario is unlikely as market sentiment and technical indicators point at increased downside risk
Pair is rather volatile today as it fluctuates between 0.9963/17 for the whole day. At the moment it is supported by Bollinger band/ 100 bar SMA, but it is very likely that pair won't last long and will collapse to 0.99/0.9885, before eventually recovering.
After depreciating for the last three days last week pair recovered after hitting weekly PP at 1.0305. However, pairs further advancement is rather questionable as 100 bar SMA at 1.0357 likely to push pair below 1.03, to 1.0278/69 area.
Pair started week by receiving a very strong bullish impetus from 103.13/103 area and is currently testing Bollinger band/weekly pivot (R1) after appreciating more than 130 pips today. In the nearest futures pair should slow down the pace, but readings of technical indicators allow us to believe that general trend will persist.
Last week's USD/CHF pair appreciation was stopped by 0.9288/92 support level and currently price shows a depreciation impetus and retreats back, probably to test the previous bottom. As the price has not reached an important historical support level at 0.9200 and RSI value is still higher than 30, there is a very high probability to see a price decrease.
Friday trading session showed some consolidation sighs and a pace of appreciation slowed down, but from the very beginning of a new week, USD/JPY continues to surge and have already reached 79.65 price level. Looking from a historical perspective, 79.56/74 zone has always maintained strong resistance levels, therefore there is very likely that USD/JPY will show a stronger correction impetus
As we can see from the daily graph, GBP/USD pair faces a huge pressure from above and any price increase is quickly pushed back. Currently the price found the resistance level at 1.5995, where a historical support zone lies. A further decrease is possible and GBP/USD might reach 1.5895/60 zone, where the monthly and the weekly support levels lie. On
EUR/USD pair retreated from the last week's high on Friday trading session and indicated about a strong resistance level around 1.3115/35, but this morning the price has found the resistance at 1.3024 and appreciates from it on early trading session. As most of indicators tempt about a possibility to open a long position and RSI has not reached a value
Pair tried to pickup back above 0.82, but did not manage to breach first resistance barrier at 0.8206/09. Currently it is stuck between support and resistance levels at 0.8185/77. If pair wont get bullish impetus from weekly PP there is rather strong probability we will see a dip to 0.8116/08 or 0.8095/832 early in the next week.
After being range bound almost for a week pair received a surprisingly strong bullish impetus from weekly pivot (PP)/monthly pivot (PP) at 0.9798/94 and has been appreciating ever since. Currently pair is hovering slightly above 99 cent mark and is setting eyes on 0.9935/44. If pair manages to breach this level, it should not have difficulties to move closer to
After strong bearish impetus from 1.04 yesterday, pair continued to depreciate today. Taking in to account readings of technical indicators and strength of technical levels, it becomes evident that pairs dip to 1.03/279 is very likely. Dip below this level is rather likely as well, due to rapid gains in last few days which might indicate that pair reached overbought
As predicted pair tried to reach new high, but did not manage to breach cluster of resistance levels at 103.65/104.05 for long and is currently hovering slightly above 103.13/103, after peaking to 104.139. This rebound should continue at the start of new weak where pair should drop to 102.57/47 maybe even 101.82/61 in first few days.
Today the XAU/USD exchange rate experienced a slight bearish reaction, therefore supporting the interim bearish tendency, which started more than a week ago. As for now, the price confronts the 55-day SMA at 1728, which might bring some bullish impulse. In case it is breached, then the exchange rate is very likely to reach the lower Bollinger band at 1720,
The bearish reaction, which occurred yesterday, successfully managed to continue, as today GBP/JPY experienced another decline, and at the particular moment the currency couple is slowly moving towards the weekly R1 at 127.08, which is likely to bring some bullish impetus. If it fails to stop the downtrend, then the price will probably reach the 200-day SMA at 126.25, which
Today the EUR/CAD currency couple experienced another bullish advance, therefore supporting the interim uptrend. As for now, the currency pair is about to test the weekly R3 at 1.2891, which might slow down the rally. In case it is breached, then the price might reach the upper Bollinger band at 1.2916, which in turn is expected to change the direction
The bearish tendency, which started a couple of days ago, has managed to continue, as today the EUR/AUD currency pair has experienced another consequent decline, which has already managed to breach the 20-day SMA at 1.2603, and now the price is gradually heading towards the monthly R1 at 1.2555, which might bring some bullish impulse. In case it is broken,
USD/CHF pair found a strong enough support level at 0.9228 to form a channel with an upper line at 0.9241. Currently the price is around the upper channel line, where the monthly S1 lies and is trying to brake through it. RSI value is very close to a 30 mark, but is still not reached, thus it is very possible
USD/JPY has slowed the pace of appreciation, but still stays on the upside track and advances further. As the currency pair overcame 79.06/13 resistance level, it is very possible to see the price testing 79.56/74 in the near future. However, that might be done after some swings, because RSI has a value of 68.9 in a D1 graph and 70.2
As GBP/USD was not able to brake through 1.6115/35 resistance level a few days ago, thus the price was forced to sharply retreat back and test lowers support levels. The current price is 1.6060 and fluctuates around the weekly PP. If this level is not sufficient to support the price retreatment, the next support zone will be at 1.6004/1.5970, where
The previous high's resistance zone at 1.3115/35 was too strong to be broken through at the first time, thus EUR/USD price retreated back and currently is traded at 1.3070. There is a high probability that the price will check the next support level and after that prepare for the second attempt to brake the September's high.
The downtrend, which started yesterday, successfully managed to continue, as today the XAU/USD exchange rate experienced another movement downwards. As for now, the price is heading towards the monthly PP at 1746, which might bring some bullish impulse. If it fails to stop the movement downwards, then the exchange rate might reach the 55-day SMA at 1726, which in turn
The interim bullish trend, which started less than a week ago, successfully managed to continue, as today GBP/JPY experienced another bullish advance, and at the particular moment the currency couple is about to test the upper Bollinger band at 127.95, which is expected to change the direction of the current movement upwards. In case it is breached, then the currency