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.
USD/JPY continuously gravitates towards 77.99 and does not give any reason to believe it intends to leave its vicinity in the observable future. However, the currency pair has a higher chance to commence a recovery than to remain bound by lines that form a downtrend channel, since supports at 77.68/63 and 77.25/18 are expected to provide enough buying pressure in
The cable is desperately trying to overcome a major downtrend resistance, but is capped by 1.6233 in conjunction with 1.6300/04. Accordingly, rallies are unlikely to extend beyond these levels, even though GBP/USD may rechallenge them shortly. Still, the long-term outlook is bearish, being that the pair has already reached the upper limit of a downtrend channel it has been trading
Bearish correction drags on, putting expectations for continuation of a recovery under threat of being shattered. EUR/USD is persistently moving towards an uptrend support line and the 200 day SMA at 1.2802/1.2765. Nevertheless, for now downward momentum is not deemed to be strong enough to violate them, therefore we favour a rebound from there, although the possibility of an alternative
Today the XAU/USD exchange rate experienced another bullish correction, therefore supporting the interim bullish tendency. At the particular moment the price is heading towards the weekly R1 at 1795, which might bring some bullish impulse. If it fails to stop the uptrend, then next resistance at 1807 (upper Bollinger band) will probably reverse the prevailing bullish trend. Additionally, RSI indicator
The bearish trend, which started two days ago, was stopped today, as the GBP/JPY currency pair experienced a slight bullish correction, and now the price is slowly approaching the monthly R2 at 128.07, which will probably bring some bearish impetus. However, if it is breached, then the currency couple might reach the upper Bollinger band at 128.51, which is likely
Today EUR/CAD experienced a small bullish correction, which stopped the bearish reaction, which occurred yesterday. As for now the price is gradually approaching the monthly R2 at 1.2711, which will probably slow down the prevailing rally. In case it is broken, then the price might advance until the 200-day SMA at 1.2822, which in turn is very likely to bring
The downtrend, which started three days ago, managed to continue, and today the EUR/AUD currency couple has already breached the 200-day SMA, and at the particular moment the price is about to test the weekly R1 at 1.2392,which is likely to bring some bullish impulse, however, if it fails to stop the movement downwards, then the price might reach the
Pair recovered all of its yesterdays loses and returned above 83 cent mark overnight. Outlook on the pair is positive, and it is likely that due to this gain in momentum pair will continue to appreciate further since the only major resistance level below 0.84 mark is 14th if September high at 0.352.
After a week of mild gains pair rebounded from monthly pivot at 0.9769. Despite the signals of technical indicators, this should be just a temporary setback and pair should resume it's recovery after receiving a push from 0.9712.
Pair bounced from Fibonacci (38.2% of move since 6th of September) at 1.0446, but after sharp gains is stuck at 1.0494/0500. Technical indicators point at appreciation of the pair, however it is likely the pair has already reached oversold condition and we might see a strong push down from any indicated resistance levels above the current market price.
Pair bounced from uptrend resistance (connects July 27th high and 7th of September high) at 1.0149, but did not mange to advance above 200 bar SMA at 102.155 and is currently at Fibonacci (23.6% of move since 24th of September) at 101.560. Technical indicators suggest that pair will appreciate in the near future which is believable due to traders sentiment
USD/CHF did not reach out for 0.9400/39, but faltered at 0.9328, from where it may recommence the decline started on July 25. The initial target lies at 0.9253, whereas in the long run the pair is likely to aim for 0.8930/28—this year's lowest value, since this is the path of the least resistance at the moment in the light of
USD/JPY slowly approaches 77.99/98, but should not invade into deeper levels, being that 77.70/49 and 77.21 are formidable supports. They should eventually revive the pair and restore bullish outlook, which is implied by banks' forecasts with the median of 82 in nine months. For now, technical indicators resist this scenario, besides, resistances overhead proved to be strong enough to negate
The market appears to respect a downtrend resistance line currently located at 1.6242, though bullish pressure still seems to overpower bids at this level, thus making 1.6300 exposed to risk of being breached in the near term. Subsequent resistances are at 1.6331/66 and 1.6441/43, although the pair did not yet confirm its bullish intentions and is a subject to a
Support at 1.2953 has held the initial test, but will be unable to contain the pair should the attempt to breach it be repeated. In this instance EUR/USD may pull back down to 1.2827/04 (200 day SMA), but will nevertheless remain bullish, as an accelerated uptrend support has not yet been breached and is likely direct the price up to
Today the XAU/USD exchange rate experienced a slight bearish reaction, which has already managed to breach the monthly R2 at 1764, and at the particular moment the price faces the weekly PP at 1756, which might bring some bullish impulse. In case it is broken, then the exchange rate might decline until the weekly S1 at 1734, which in turn
The GBP/JPY currency couple experiences a second consequent bearish reaction, and now the price confronts the 200-day SMA at 126.46, which will probably change the direction of the prevailing tendency, however, in case it is breached, then the price might reach the weekly PP at 125.98, which in turn might stop the movement downwards. Additionally, RSI indicator remains neutral, although
The bullish correction, which occurred yesterday, did not manage to last long, as today EUR/CAD experienced a significant bearish reaction, which has already crossed the monthly R2 at 1.2711, and at the particular moment the currency pair is about to test the weekly PP at 1.2641, which is likely to slow down the downtrend. If it fails to stop the
The bearish tendency, which started two days ago, successfully managed to decline even further, and now the EUR/AUD currency pair is heading towards the 200-day SMA at 1.2421, which is expected to reverse the prevailing bearish trend. In case it is broken, then the price might reach the 20-day SMA at 1.2337, which might bring some bullish impulse. Moreover, the
After few days, of what seemed a start of further appreciation of the pair it received a strong push all the way to 0.825 where it got stuck between Fibonacci (23.6% of move since 5th of September) at 0.8249 and weekly PP at 0.8339 where significant amount of buy orders stopped its further depreciation. Pairs outlook remains negative, however any
Pair picks up pace after few slow days as monthly S1 at 0.9769 did not provide strong resistance. However, weekly R1 and 20 bar SMA around 0.98 have paused pairs development. Technical indicators point at upcoming bearish rally on the pair, but as pair seem to be driven purely at traders sentiment it should not experience much difficulties up to