USD/JPY is cautiously testing 77.68/50, checking it for signs of presence of strong buying pressure, since the last time (Sept 13) it triggered an 88 pip long rally. In case this support is eroded, 77.25/18 should come in its place and prevent further extension of the dip we observe at the moment, although only a breach of an area at
According to a D1 graph, seems that the cable has finally escaped from the channel and currently is checking the first support level at 1.6177/58, where the monthly R2 and weekly S1 intersect. If the price settles below this level, it is very likely that correction will gain more bearish impetus and extend the impulse even lower. Further support levels
Last night the major currency pair experienced another bearish correction and now the price is gradually approaching the weekly Pivot Point and 20-day SMA at 1.2866 level, which might bring in some bullish impetus into the market. In case this level is breached, the price may drop another 100 pips and reach the intersection level of weekly S1 and monthly
Today the XAU/USD exchange rate experienced another bullish correction, therefore supporting the interim bullish tendency, and now the price is gradually approaching the weekly R1 at 1794, which might bring some bearish impetus. In case it is breached, then the price might reach the upper Bollinger band at 1803, which in turn is expected to reverse the current movement
Today the bearish trend, which started two days ago, was stopped, as the GBP/JPY currency couple experienced a bullish correction, which has already managed to overcome the 200-day SMA, and at the particular moment the price is gradually heading towards the weekly PP at 127.28, which is expected to reverse the prevailing movement upwards. In case it fails to stop
The bearish reaction, which occurred yesterday, successfully managed to continue, and today EUR/CAD experienced another bearish decline, and now the price is slowly approaching the weekly S1 at 1.2607, which is very likely to bring some bullish impetus. If it is broken, then the price might reach the weekly S2 at 1.2538, which might change the direction of the prevailing
The EUR/AUD currency pair maintains its bearish tendency, and today the price has already managed to breach the monthly R1 at 1.2404, and at the particular moment the currency couple is about to test the 20-day SMA at 1.2383, which will probably slow down the downtrend. In case it fails to stop the movement downwards, then next support at 1.2336
Pair recovered all of its yesterdays losses and is back above weekly pivot point at 0.8270 after receiving a push from 0.8205/00. It is likely that this session is rather an exception to the rule in the medium term; pair might advance up to or maybe even breach 0.8300 temporary, but further depreciation of the pair seems to be much
Pair lost all of it's yesterdays gains after rebounding from downtrend resistance (connects 2nd of August and 5th of September highs) at 0.9808. Although outlook on the pair is somewhat neutral, is likely it will pick up again as market sentiment seem to be the main driver behind it at the moment.
Pair recovered all of it's yesterdays losses and currently is trying to breach weekly pivot point/Fibonacci (23.6% of move since 6th of September) at 1.0449/51. Although technical indicators on aggregate point at appreciation of the pair, quite a few of them give neutral signals as well, therefore it is likely we shall continue seeing choppy sessions as in the past
After bouncing from cluster of support levels at 100.205/100 pair is currently hovering slightly above 20 bar SMA at 100.824. Although Stochastic indicator suggests that appreciation of the pair should last a bit more, pair faces significant downside risk and another attempt to breach 100.205 should not be a surprise this week.
Provided that the currency pair continues to advance, contrary to the scenario suggested by daily technical indicators, it will hit a downtrend resistance line at 0.9376/0.9406, which is supposed to contain the current rally and thus terminate bullish correction. USD/CHF should then take course on 0.9265/53—support that has recently prevented further depreciation of the greenback.
After closing below 77.99, the pair now approaches an additional support level at 77.68/57, where it will encounter a significant amount of buying pressure that is unlikely to let the price slide lower. Even if it does, 77.25/18 will aid in suppression of a dip, being partially formed by an uptrend support line, which has been respected by the market
After yesterday's fluctuation in a 1.6190/1.6240 channel, the setup in GBP/USD pair did not change, as price is locked in a very wide channel and is not able to brake through the 1.63 psychological level and a one-year high. However, situation is quite ambiguous, as rallies are unlikely to finish around these levels, but for a further increase RSI (D1)
The major currency pair continues to decrease and has already entered the support zone at 1.2890/1.2920. If this zone is not be able to underpin the price, next level will be only 1.2810, where the 200-day SMA goes. Generally, further price depreciation is very likely, as downtrend does not show any stabilization signs and fulfills only 22%-38% Fibonacci corrections from
The bullish trend, which started two days ago, failed to advance further, and today the XAU/USD exchange rate experienced a slight bearish reaction, which has already managed to breach the weekly PP at 1769, and at the particular moment the price is about to test the weekly S1 at 1751, which might bring some bullish impulse. In case it fails
Today GBP/JPY experienced a significant bearish reaction, and the currency couple has already managed to cross the 200-day SMA, and now the price is approaching the weekly S1 at 125.74, which is very likely to bring some bullish impetus. If it is breached, then the currency pair might reach the weekly S2 at 124.68, which in turn will probably reverse
Today the EUR/CAD currency couple experienced a small bearish reaction, and at the particular moment the price confronts the weekly S1 at 1.2607, which is very likely to stop the movement downwards. If it is broken, then the price might reach the monthly R1 at 1.2554, which in turn is expected to change the direction of the prevailing tendency. Nevertheless,
The bearish tendency, which started a week ago, successfully managed to continue, and today the EUD/AUD currency pair experiences another bearish reaction, and at the particular moment the price has already managed to breach the weekly PP at 1.2429, and now the currency couple is heading towards the 20-day SMA at 1.2374, which might slow down the prevailing downtrend. In
Pair rebounded after unsuccessfully trying to breach 0.834 twice in last few weeks. It's dive from 0.8270 was rather unexpected and it is unclear that support levels around 0.8205 will be able to hold pairs depreciation for long as significant portion of downside risk for the pair remains.
After a week of mild gains pair gained significantly today after receiving a push from 20 bar SMA at 0.9780. Stochastic indicator suggests that pair has not lost, on contrary—gained, momentum and current stop at 0.9821/24 is just a temporary setback.
Pair received a strong push from resistance levels around 1.500 and currently is testing cluster of support levels around 1.0403/392. Although technical indicators point at recovery of the pair it is much more likely that the pair will continue to depreciate.
Pair continues its depreciation after receiving a push from Fibonacci retracement (23.6% of move since 24th of July) at 101.560 and currently is targeting cluster of support levels around 100. It is highly likely pair won't succeed due to strong underlying support in those levels. Technical indicators support probability of such scenario as well.
Despite proximity of a formidable resistance area at 0.9376/0.9406 the U.S. Dollar carries on getting firmer relatively to the Swiss Franc. Nonetheless, current bearish outlook is preserved, unless the zone gives in and paves the way towards subsequent resistances that are considerably weaker, namely 0.9421/41 and 0.9486, which are thus less likely to halt advancement of the pair.