USD/JPY continues to slide down and has already left 77.68/63 behind. The next level is at 77.32/18—the last strong support en route to an all-time low at 75.57, as neither 76.89 nor 76.49 seem to be capable of halting the pair at the moment. The currency couple is nevertheless expected to stabilise soon and to rally despite "sell" signals of
GBP/USD refused to submit to a downtrend resistance line and has just soared beyond 1.6233. Even though the price has not yet closed above it, there is little chance the pair will return within the channel, as short-term technical indicators are bullish. The only obstacle that separates the cable from long-term advancement lies at 1.6308—the highest value in more than
While resistance at 1.2933/53 is slowly being eroded, we may expect extension of the currency rally. In the medium term EUR/USD preserves potential to go as high as 1.3371, where it is going to confront a significant downtrend resistance line. Prior to that, however, the pair will have to overcome 1.3019 and 1.3119. In the meantime, dips are to be
The bearish tendency, which started a few days ago, did not manage to continue, and today the XAU/USD exchange rate experienced a bullish correction, and as for now the price confronts the monthly R2 at 1764, which will probably slow down the prevailing uptrend. In case it is broken, then the price is very likely to reach the weekly R1,
Today the GBP/JPY currency couple experienced a slight bullish correction, and at the particular moment the price faces the 20-day SMA at 126.15, which is likely to stop the prevailing rally from advancing further. However, if it is breached, then the price might advance until the weekly PP at 127.28, which will probably bring some bearish momentum. Nevertheless, the overall
The bearish trend, which started a couple of days ago, successfully managed to continue, and today the EUR/CAD currency pair experienced another bearish reaction. As for now, the currency couple is slowly approaching the 20-day SMA at 1.2625, which is expected to bring some bullish impulse. If it fails to stop the downtrend, then next support at 1.2554 (monthly R1)
Today EUR/AUD experienced a significant bearish reaction, which has already managed to breach the 20-day SMA at 1.2396, and now the currency couple is about to test the weekly R1 at 1.2336, which might slow down the prevailing downtrend. In case it is broken, then the price might reach the lower Bollinger band at 1.2269, which in turn is expected
Pair is appreciating for the second day after hitting Fibonacci (23.6% of move since 5th of September) at 0.8249. It seems that this rally might continue even further up to monthly and weekly pivots at 0.8326/33 with slight break at major (psychological) level at 0.8300.
Pair depreciated mildly as bearish correction on the pair kicked in. However, it is early to say how long this correction will last as currently pair is rather stable slightly above weekly pivot (R1)/Fibonacci (23.6% of move since 3rd of June) at 0.9824/21 and technical indicators don't suggest any conclusive signals for the short term.
Pair continues to appreciate after receiving a kick from 200 day SMA at 1.0327 yesterday. However, downside risk on the pair remains and this attempt to step up can be easily neglected by any of resistance levels at 1.0436/49.
Pair continues to depreciate, but it seems that 100 JPY level wont give up that easy as currently pair is stuck at uptrend support (connects 24th of July and 5th of September) right below it at 99.93. It is plausible we shall see a minor bullish correction/pullback to 20 bar SMA at 100.642, but after that pair should resume depreciating
Upward momentum of the pair, received at 0.9265/53, did not manage to throw the price over a downtrend resistance at 0.9400/41. This implies that the bullish correction has come to an end and therefore we may witness resumption of a delayed slide down. The initial support is at 0.9376/69, while 0.9310 and 0.9265/53 will have a better chance at resisting
Support at 77.68/63 appears to be unable to halt the price from declining, although it is too early to say, as only a close below will confirm intentions of the pair to go lower. Subsequent area lies at 77.43/18 and for now is deemed to be impenetrable. Accordingly, it should not allow USD/JPY to reach 76.89 or 76.49, but rather
Even though selling pressure at 1.6233 was insufficient in order to prevent retest of the resistance, as the cable once again approaches it, the price is expected to be capped there and rallies above it are viewed as unsustainable. Pair is thus anticipated to focus on supports, the nearest of which may be found at 1.6177/38, followed by 1.6087 and
Recent behaviour of the pair has given a reason to suspect that EUR/USD will not have to travel all the way down to an uptrend support line currently at 1.2798/65 in order to terminate protracted bearish correction. If the price continues to advance, it will first encounter resistance at 1.2916/53, while some of the higher levels are at 1.3019 and
The bearish tendency, which started a couple of days ago, successfully managed to continue, as today the XAU/USD exchange rate experienced another significant bearish reaction. As for now, the price confronts the 20-day SMA at 1747, which might bring some bullish impulse, however, if it fails to slow down the movement downwards, then next support at 1734 (weekly S2) will
Today the GBP/JPY currency pair experienced a significant bearish reaction, and the price has already managed to breach the weekly S1 at 125.74, and at the particular moment the currency couple is slowly approaching the weekly S2 at 124.68, which is expected to stop the current movement downwards. If it fails to slow down the downtrend, then next support at
Today EUR/CAD experienced a slight bullish correction, and at the particular moment the currency couple is slowly heading towards the monthly R2 at 1.2711, which will probably slow down the prevailing uptrend. If it is broken, the the price might advance further until the weekly R1 at 1.2773, which in turn is likely to change the direction of the prevailing
Yesterday the EUR/AUD currency couple bounced off the weekly PP at 1.2444, and now the price is about to test the 20-day SMA at 1.2391, which is expected to reverse the interim bearish tendency. In case it fails to stop the current movement downwards, then next support at 1.2336 (weekly S1) is very likely to bring some bullish impulse. Moreover,
After failed attempt to recover Mondays loses pair is once again testing 0.8200, but was kicked back by Fibonacci (38.2% of move since 5th of September)/monthly pivot (R1) at 0.8185/78. Although indicators point at recovery of the pair, rapid drop to 0.8141/21 after breaching 0.8200 is much more likely.
After a temporary setback pair continues to recover after receiving a push from downtrend support (connects 2nd of August and 5th of September highs) at 0.9808. Stochastic indicator suggest that bearish correction on the pair is highly likely in the near term, but this should not influence pair's development much and slowly it should reach cluster of resistance levels around
After a week of choppy sessions pair continues to depreciate, but is stuck at trying to breach a cluster of support levels at 1.0351/27. Although technical indicators point at recovery of the pair, only few of them give conclusive and strong signals. As a result pairs downside risk is still strong and if it manages to advance below 200 day
After posing for a recovery, pair continues to depreciate in rather moderate pace and currently it is trying to come back below important psychological level of 100 JPY. Signals from technical indicators are rather mixed and inconclusive and it seems pair is driven mostly by market sentiment. If it manages to breach currently tested, 100 JPY, level we could anticipate
While most of daily indicators remain bearish, USD/CHF has not yet been challenged, as the pair carries on moving higher largely unhindered. Resistance zone that stretches from 0.9400 up to 0.9441 should be able to soften the present rally and eventually force the price to change its direction, returning the pair to the downward path to 0.8930, its long-term target.