The British Pound carries on outperforming its transatlantic counterpart, but the currency pair is about to hit a major downtrend resistance at 1.6084/1.6104, where bears are expected to take over and drag the price of the Sterling down. In that case GBP/USD is likely to target an uptrend support at 1.5533/15 in the long term, the view that is reinforced
Selling pressure provided by the 200 day SMA at 1.2807 was unable to contain the pair for long and allowed EUR/USD to surge up to resistance at 1.2864/1.2907, which also might take several attempts to be breached before advancement is continued. However, it is worthy to notice that means of major bank's forecasts for the next quarters (1.2257; 1.2245; 1.2337)
Today the XAU/USD exchange rate experienced another small bullish correction, and at the particular moment the price is gradually approaching the upper Bollinger band, which is very likely to stop the prevailing uptrend. If it is breached, then next resistance at 1764 (monthly R2) will probably bring some bearish impetus. In addition, the overall indicator outlook is positive, thus supporting
The bearish tendency, which started three days ago, successfully continues, and now GBP/JPY confronts the 20-day SMA at 124.67, which might slow down the downtrend. However, if it is broken, then the price might reach the weekly S1 at 124.05, which in turn is very likely to bring some bullish impetus. Besides, the indicator outlook remains neutral, and currency resistances
The downtrend, which started yesterday, failed to continue, and today the EUR/CAD currency couple experiences a small bullish correction. As for now, the price is slowly moving towards the upper Bollinger band at 1.2554, which is expected to change the direction of the prevailing movement upwards. If it fails to stop the rally, then next resistance at 1.2591 (weekly R1)
Today the EUR/AUD currency pair experienced a significant bearish reaction, which has already managed to cross the weekly PP at 1.2323, and now the currency couple is heading towards the weekly S1 at 1.2256, which might bring some bullish impulse. In case it is breached, then the price might reach the 20-day SMA at 1.2159, which in turn will probably
NZD/USD received a push from Fibonacci retracement at 0.8125 and tries to reach new high. However, Stochastic indicators suggests a bearish correction should take place in the near future. Significant resistance levels starting from 0.8197 strengthens probability of such developments in the near future.
Pair is continuing to depreciate, but market participants continue to expect recovery of the pair even after it reached the lowest level in more than 12 months today. Stochastic indicator suggests we should see a bullish correction in the near future as Bollinger band and downtrend support at 0.9735 should pullback the pair, but lack of strong support levels below
200 day SMA provided significant boost for the pairs advance above 1.04. Although traders share mixed believes, but technical indicators on 1 day chart suggest that pair is facing significant downside risk and it is likely that weekly R1 and downtrend support at 1.0453 will provide enough resistance and push pair back down.
Pair is continuing to hover depressed below 100. Technical indicators on 1 day and 1 week charts and cluster of resistance levels slightly above 100 suggest that pair will be pushed down, maybe even below 99 since the only support level on the way would be weekly PP at 99.501. However, amount of pending orders suggest that if pair would
USD/CHF did bounce off an uptrend support, but seems to be lacking bullish impetus. For now majority of studies suggest the pair will remain sideways, but eventually it is expected to start trimming preceding losses (since July 25) and move towards mean forecast of the major banks at 0.9902 (for the last quarter of the current year), which implies bullish
USD/JPY is continuously being attracted to 77.98/81 and remains unable neither to start recovery nor to push through the interim support towards 77.63. Additionally, the trading range of the pair is narrowing, as the price posts lower highs, while support at 77.98/81 prevents dips, resulting in a descending triangle being formed, a breakout of which we will observe sooner or
After a short correction phase, following an encounter with 1.6021/33, the cable has recommenced advancement and appears to be ready to challenge a monthly R1 the second time. Still, the rally of GBP/USD is expected to come to an end soon, since a downtrend resistance at 1.6084/96 should repel the price once it gets close enough. This is also evidenced
EUR/USD is currently performing a bearish correction, which might extend down to 1.2706 or even to 1.2592/84 and in both cases it should preserve positive outlook. A dip below 1.2556/38, on the other hand, may have fairly negative consequences, as the pair will return to a downtrend channel. In order for the price to confirm long-term bullish intentions, it will
The interim bullish tendency, which started a week ago, failed to continue, and today the XAU/USD exchange rate experienced a small bearish reaction. As for now, the price is heading towards the weekly PP at 1721, which might slow down the downtrend. If it fails to stop the prevailing decline, then the price might reach the weekly S1 at 1700,
The short-term bearish trend, which started on September 7th, has ended, and now GBP/JPY experiences another small bullish correction. At the particular moment, the price is facing the upper Bollinger band at 125.40, which is expected to change the direction of the current trend. In case it is broken, then next resistance at 125.72 (monthly R1) will probably bring some
The bullish tendency, which started a couple of days ago, failed to continue, and today the EUR/CAD currency pair is about to test the weekly PP at 1.2471, which might bring some bullish impetus. If it is breached, then the price might reach the 20-day SMA at 1.2405, which in turn is likely to reverse the current movement downwards. Besides,
Today the EUR/AUD currency couple experiences a small bearish reaction, which stopped the uptrend, which started on September 7th. As for now, the price confronts the weekly PP at 1.2323, which might slow down the prevailing downtrend. In case it fails to stop the bearish movement, then next support at 1.2256 (weekly S1) is very likely to bring some bullish
The pair is continuing to depreciate and is approaching channel down support level at weekly S1 at 0.9726. Although pair breached Bollinger band at 0.9768 suggesting that it is gaining momentum, it is highly unlikely pair will be able to hold below this level for a longer time.
AUD/USD advancement was stopped at 1.0386. Technical indicators show that pairs downside risk persists and it is likely that 55 day SMA should have enough power to push pair closer or even below 200 day SMA at 1.034.
Pair has easily advanced towards 100, however was stopped by monthly pivot at 100.206 and currently hovers on the Bollinger band at 100.07. It seems that pair lacks momentum to advance further at the moment and it is likely we will see a pullback towards weekly PP at 99.501.
NZD/USD advancement was stopped by negative trader sentiment at 0.8125. Pairs outlook remains negative and if even pair is to advance further cluster of support levels around 0.8178 should provide enough resistance to push it back to 0.81.
USD/CHF has finally arrived at 0.9424/0.9385 and already commenced recovery. The ultimate target of the pair lies around 1.0045/88, though it will have to breach a number of notable resistances, such as 0.9496, 0.9564/71 and 0.9646/49, prior to reaching its goal. Provided that 0.9424/0.9385 fails to provide sufficient support, additional levels of interest are at 0.9317 and 0.9253/05.
USD/JPY was unable to overcome 78.83/99 (100 day SMA), resulting in a precipitous fall, which was halted only by 77.98/81. Most of near-term technical indicators, including daily and weekly, remain bearish, as the pair is likely to be pressured down to the nearby support, which, however, is expected to withstand, thereby largely the outlook is neutral.