The bullish correction, which started a couple of days ago, has failed to continue, and today the XAU/USD exchange rate experienced a slight bearish reaction. As for now, the exchange rate is gradually heading towards the lower Bollinger band at 1748, which will probably change the direction of the current movement. If it is breached, then the price is likely
Today GBP/JPY experienced another consequent bullish advance, and at the particular moment the currency couple is slowly moving towards the 200-day SMA at 126.28, which is expected to change the direction of the current movement upwards. If it fails to slow down the prevailing rally, then the price is very likely to reach the weekly PP at 126.77, which in
The interim uptrend, which started a couple of days ago, managed to advance even further, as today the EUR/CAD currency couple experienced another movement upwards, which has already managed to breach the 20-day SMA at 1.2674. As for now, the price is heading towards the weekly PP at 1.2709, which might slow down the rally. In case it fails to
Yesterday's bullish tendency successfully managed to continue, as today the EUR/AUD currency pair experienced another consequent bullish correction, and at the particular moment the currency couple is about to test the weekly PP at 1.2661, which might bring some bearish impetus. In case it is broken, then the price is likely to reach the monthly R2 at 1.2740, which in
Currently USD/CHF is eroding a downtrend support line at 0.9358/40, violation of which will open a road towards 0.9283 and 0.9245/44. Further extension of a dip will be hindered by 0.9178 and 0.9081/57. Regardless of such possibility, even though it may not yet be ruled out, in the long run the pair is considered to be bullish and is likely
A zone at 78.15/77.99 proved to be durable enough to negate bearish activity and send the price back up to 78.42/45. However, from there the path of least resistance is to the downside, implying that 77.56/37 is still likely to be reached. An apex of a falling wedge is two months ahead, thereby a breakout and a consequent robust move
The cable appears to have ended its short-term upward correction ahead of 1.6062/85 due to a lack of bullish momentum. Therefore the currency pair is expected to focus more on supports, the nearest of which is located at 1.5988/80. Subsequent levels may be found at 1.5911/1.5861, although only 1.5831/11 is anticipated to weaken bearish tendency significantly.
A formidable support area at 1.2856/1.2781 managed to prevent further debasement of the Euro and provided the pair with a strong bullish impetus. At the moment EUR/USD is struggling with 1.2927/63, but is poised for more gains in near future, as suggested by both daily and weekly technical indicators in aggregate. The next objectives lie at 1.3044 and 1.3122/51.
The interim bearish trend failed to continue, as today the XAU/USD exchange rate experienced a significant bullish correction. At the particular moment the price is heading towards the 20-day SMA at 1771, which might stop the current movement upwards. In case it fails to slow down the rally, then the exchange rate is expected to reach the upper Bollinger band,
The downtrend, which started a couple of days ago, failed to continue, as today GBP/JPY has gained some bullish impulse, and at the particular moment the price is about to test the weekly S1 at 125.73, which might bring some bearish impetus. If it is breached, then the currency couple will probably reach the 200-day SMA at 126.28, which in
The uptrend, which started yesterday, successfully managed to continue, as today the EUR/CAD currency couple experienced another bullish correction. As for now, the price is heading towards the 20-day SMA at 1.2676, which will probably bring some bearish momentum. In case it is breached, then the currency pair might reach the weekly PP at 1.2709, which in turn is likely
The bearish tendency, which started less than a week ago, has failed to continue, as today the EUR/AUD currency pair experienced a slight bullish correction, and at the particular moment the currency couple moves towards the weekly PP at 1.2661, which might slow down the prevailing rally. However, if it is broken, then the price might reach the monthly R2
Even despite the recent events it would be rather optimistic to believe that pair will start to develop less erratically. The pair tried to advance above 0.82, but was pushed back by almost 50 pips. Today it is trying to do the same, but at the moment 0.8178/85 area is creating significant difficulties, therefore, even if the pair manages to
It seems that even probability of bearish dip predicted by weekly technical indicators becomes more realistic, as pair experienced a 75-pip plunge after briefly advancing above 0.9830. However, it is more likely that the real resistance lies at 0.9800 and the pair managed to advance higher with the help of momentum traders. As it has been happening lately, it is
Bullish impetus is pushing the pair further as it is trying to breach the 200-bar SMA at 1.0297 at the moment. However, it seems that pair is on the verge of a bearish dip as technical indicators send stronger sell signals and the currency pair is approaching a cluster of resistance levels situated at 1.0321/338.
Rather unexpectedly pair appreciated by almost 150 pips after receiving a push from Fibonacci retracement (38.2% of 25th of July-17th of September move) at 100.174. Currently it is testing Fibonacci retracement (23.6%)/weekly PP at 101.582. Although we should see at least a minor bearish correction (probably to a 101/101.12 level) after such a rapid move, technical indicators allow us to
An attempt to breach 0.9406/44 proved to be unsuccessful. Now the price is headed towards 0.9357/40 to confirm whether a change of polarity principle holds for the recently penetrated downward sloping line, which is now supposed to be a support level. USD/CHF may decline down to 0.9268/44, but is nonetheless viewed as bullish in the long run.
Support at 78.14/77.99 appears to be unable to stop depreciation of the U.S. Dollar, implying that USD/JPY may fall as low as 77.55/37 in near future, since there are no more notable levels in-between. If the currency pair still steps lower, however, it may challenge 76.99/95, although long-term outlook remains bullish, the view that is supported by forecasts for the
As was suspected, GBP/USD initiated a bullish correction, but is deemed to possess a lack of upward momentum in order to surge up to 1.6212 and then violate it. The nearest resistance that is likely to halt the current rally is located at 1.6062/85, while extension of the move could result in an encounter with 1.6139/43. In the meantime, dips
Buying pressure at 1.2856/26 in conjunction with support at 1.2796/82 is keeping the pair from declining. As long as they stay intact, positive bias will be preserved. Otherwise, levels at 1.2717/1.2697 and 1.2589/59 will come under threat. EUR/USD is expected to lift from 1.2856/26, climb over some of the obstacles overhead, such as 1.2930/63 and 1.3063, and reach 1.3327—a major
The downtrend, which started almost a week ago, successfully managed to continue, as today the XAU/USD exchange rate experienced another movement downwards, and now the price is moving towards the lower Bollinger band at 1748, which is expected to reverse the current tendency. If it is broken, then the exchange rate is likely to reach the weekly S3 at 1730,
Today GBP/JPY advanced even higher, and at the particular moment the currency couple confronts the weekly S1 at 125.73, which is expected to stop the current movement. In case it is breached, then the price might advance even higher and reach the 200-day SMA, which in turn is very likely to bring some bearish impetus. Moreover, RSI indicator shows a
The downtrend, which started a couple of days ago, failed to continue, and today the EUR/CAD currency pair experienced a slight bullish correction, as it rebounded from the monthly PP. As for now, the price faces the weekly S1 at 1.2613, which might slow down the uptrend, however, in case it is broken, then next resistance at 1.2679 (20-day SMA)
The bearish tendency managed to prevail, as today the EUR/AUD currency couple experienced another consequent bearish decline, and at the particular moment the price is about to test the monthly R1 at 1.2555, which might bring some bullish impulse. In case it fails to stop the downtrend, then the currency pair is likely to reach the 20-day SMA at 1.2523,