Pair has been range bound (0.8185-0.8352) for the past 3 weeks and we might see some strong moves as it approaches the lower limit of the range. It would not be much of a surprise if pair would rebound from cluster of support levels at 0.8200-0.8180. This is scenario is predicted by technical indicators as well.
We are observing choppy sessions lately which suggest that pair is losing its drive and drop predicted by technical indicators on 1W chart is just around the corner. However, it is likely pair will remain in 0.98xx range till the end of the week as breaching it was not easy and it is unlikely pair will give it up easy
Pair continues do depreciate after forming double top pattern. Although it was posing to breach pattern's support at 1.0160 fairly easily, 1.02 proved to be more difficult task as pair was rejected from breaching this level twice already. Such turn of events strengthens prediction, given by Stochastic indicator, that pair might pick up again.
Pair is continuing its rally after bouncing from major (psychological level) at 100 and is moving to form what seems to be a double top. Lower levels were not hard task, but as pair approaches resistance levels above 102.5 it seems that we will see a loss in momentum and few choppy sessions would not be a surprise as well.
The currency pair is expected to eventually erode support at 0.9343 and gain downward impetus, which in turn may lead to a retest of 0.9245. However, for the time being USD/CHF remains sidelined, as pointed out by technical indicators for all the three time intervals presented. In case the price increases, 0.9416/42 will be the first to try to negate
USD/JPY closes in on 78.76/80, a step above which would mean reignition of bullish activity of the pair at least in the medium term. Subsequent resistance is at 79.06, although 79.65/80 poses a much greater threat to the recovery if it is to persist. Since a downtrend resistance line at 78.42 has been broken, it is now expected to act
After a little hesitation GBP/USD breached an uptrend support line, implying its propensity to decline further. The nearest hurdle lies at 1.6085/81, encounter with which may invoke a shallow rally, but is highly unlikely to turn into a reversal. The present negative bias is also supported by monthly indicators and banks' forecasts for the next three quarters.
Even though at a considerably slower pace, but EUR/USD still maintains its upward course with the initial goal at 1.2960. In the longer-term perspective, the pair is inclined to aim for 1.3134/51 prior to an attempt to advance up to 1.3400. At the same time dips are to be contained by 1.2826/1.2786, which is a key support area that ensures
Today the XAU/USD exchange rate experienced another bullish advance, and at the particular moment the price confronts the upper Bollinger band at 1790, which is very likely to stop the prevailing movement upwards. In case it fails to slow down the uptrend, then the exchange rate might reach the monthly R1 at 1806, which in turn might bring some bearish
The bullish correction, which occurred yesterday, managed to continue, as today GBP/JPY advanced even higher, and now the price is about to test the 200-day SMA at 126.35, which is expected to change the direction of the current tendency. If it is broken, then next resistance at 126.55 (weekly R1) will probably bring some bearish momentum. In addition, the overall
Today the EUR/CAD currency pair experienced another bullish correction, and at the particular moment the currency couple is heading towards the 200-day SMA at 1.2767, which is likely to slow down the rally. In case it fails to stop the uptrend, then the price is likely to reach the upper Bollinger band at 1.2798, which in turn is expected to
The bullish trend, which started a couple of days ago, successfully managed to continue, and today the EUR/AUD currency couple experienced another bullish advance. As for now, the price is slowly approaching the resistance line of the prevailing bullish channel at 1.272, however if it is breached, then next resistance at 1.2740 (monthly R2) will probably bring some bearish impetus.
Pair is testing cluster of support levels around 0.8180 after plummeting from Fibonacci retracement (23.6% of move since 5th of September) at 0.8250. Although market and indicators are giving mixed feeling it seems pair will be fluctuating around 0.8200 for some time.
Pair has resumed its recovery after being range bound (0.9850-0.9800) almost for a week and is currently testing few resistance levels around 0.9880. It is likely we will see pairs recovery for some time more, but downside risk is still strong as weekly indicators almost unanimously point at pair's drop.
Pair gained momentum after receiving a push from weekly and mthly PP at 1.0378/84 and is currently approaching 1.0160 what seems to be a support level of double top formation (tops on 9th of August and 14th of September). It is likely pair wont manage to breach this level straight away as Stochastic indicator predicts a bullish correction on the
Pair is continuing its rally after bouncing from major (psychological level) at 100. Although technical indicators give rather neutral signals it is likely pair will continue to appreciate and form a double top pattern breaching resistance levels at 101.56, 102.06 and 102.54 on the way.
Being that technical indicators are silent at the moment for all three time frames observed, USD/CHF may be choppy during the next few days without explicitly giving away its future intentions. Nevertheless, the outlook is from neutral to negative due to the fact that a downtrend resistance is still respected by the market and may provide sufficient selling pressure in
The currency pair is slowly approaching an edge of the bearish channel at 78.42 that lies overhead. There USD/JPY is likely to be capped, since technical indicators do not give a distinct signal. The upper shadow of the candlestick might extend up to 78.71/77, but only a close above it will ensure that the rally is not a false breakout.
The cable has left the vicinity of 1.6233, implying that is it ready to renounce its bullish claims to the downtrend resistance line and a subsequent level at 1.6286/1.6308. Once the price steps below 1.6100/1.6078, there should be no significant obstacles until the 55 day SMA, currently at 1.5915, while a long-term aim lies at 1.5601/1.5558.
Without even going though a half of a potential distance, EUR/USD stalled just below 1.2955, revealing that it lacks upward impetus required to remain on the rise. However, the outlook is still bullish, since an uptrend support line is intact, suggesting that current weakness is only temporary and will not develop into a full-blown dip, which is expected to be
Today the XAU/USD exchange rate experienced a slight bullish correction, and at the particular moment the price faces the weekly R1 at 1784, which will probably bring some bearish impulse. In case it is breached, then next resistance at 1808 (monthly R1) is very likely to change the direction of the current movement upwards. Nevertheless, RSI indicator shows a neutral
The bearish trend, which started a couple of days ago, failed to continue, and today the GBP/JPY currency pair experienced a slight bullish correction, which has already crossed the monthly PP at 125.94. As for now, the price confronts the weekly R1 at 126.22, which is likely to bring some bearish impetus. In case it is breached, then the currency
The bullish trend, which started yesterday, successfully managed to continue, as today EUR/CAD experienced another bullish correction. At the particular moment the currency couple is about to test the weekly R2 at 1.2726, which will probably bring some bearish momentum. If it fails to stop the rally, then next resistance at 1.2758 (weekly R3) might change the direction of the
Today the EUR/AUD currency couple experienced a significant bullish advance, which has already managed to breach the upper Bollinger band at 1.2510, and now the price is approaching the weekly R3 at 1.2575, which might slow down the prevailing rally, In case it is broken, then the currency pair might reach the monthly R2 at 1.2740, which in turn is