The uptrend, which started on August 26th, managed to continue, and today the EUR/AUD currency couple has already made a significant move upwards, and now the price confronts the weekly R1 at 1.2135, which might bring some bearish impetus. If it is breached, then next resistance at 1.2199 (upper Bollinger band) is very likely to reverse the direction of the
The bearish trend, which started three days ago, has finally ended, and now a bullish correction takes place. As for now, the EUR/CAD currency pair is heading towards the 55-day SMA at 1.2420, which might slow down the recently established movement upwards, however, if it fails to stop the rally, then the price might reach the monthly PP at 1.2498,
Pair continues to depreciate after forming a second peak in Double Top pattern, but is slowed down by 200 day SMA and weekly S1 as it approaches patterns support at 0.8037 which the pair should try to breach in the nearest future.
Weekly S1 and monthly S2 stopped pairs fall below 0.985 and we should see minor recovery in the near future. However, below 0.985 there is no strong support levels who could stop pars further depreciation in the medium term.
Pair bounced from 200 day SMA/weekly S1 at 1.0342/36 today, but monthly PP at 1.0372 holds the pair on point for now. As stochastic indicator sends buy signal we should see a price correction action on the pair in the short term.
Pair demonstrated elevated volatility today wandering between 100 day SMA at 98.854 and weekly S1 at 97.742. Indicators suggest the pair should advance before eventually collapsing, but it is highly unlikely pair will manage to breach 10 day SMA resistance in the short term.
USD/CHF drags along with the 100 day SMA, lacking bullish impetus in order to overcome it. Consequently, the currency pair is expected to bounce off 0.9621/36 and thus end its current tepid rally. Once the price steps lower, it will find an uptrend support line at 0.9571/46, followed by 0.9505/04 and 0.9407/0.9395. However, in case 0.9621/36 does not contain the
Confrontation with a resistance level at 78.71/76 resulted in another pronounced leg down, which may extend to 78.13/77.93. The support is also reinforced by 77.52/34 and therefore should be able to withstand bearish pressure and restore positive bias towards the pair. However, it may take some time, since technical indicators give mixed signals at the moment.
The cable has postponed the recovery and fell below 1.5796/1.5824, but remained unable to push through a formidable level at 1.5777/47 formed by 200 day SMA and an uptrend support. Accordingly, GBP/USD retains potential to advance and attain a major downtrend resistance at 1.6098, even though afterwards the currency pair is anticipated to decline.
EUR/USD is slowly eroding the nearest support area at 1.2485/63, violation of which will confirm bearish intentions of the pair and jeopardise subsequent levels at 1.2393/37 and 1.2210/1.2168. Nevertheless, since the downward momentum is not yet strong enough, the pair may be a subject to a rally up to 1.2556/1.2633, but is expected to be stopped there.
The downtrend, which started two days ago, managed to continue, and today the price confronts the weekly PP at 1.2355, which might slow down the prevailing tendency downwards. In case it fails to stop the movement downwards, then next support at 1.2294 (20-day SMA) is very likely to reverse the direction of the present movement. Additionally, RSI indicator shows neutral
Although RSI indicator shows neutral signal, the bullish correction, which occurred yesterday, managed to advance even further, and now the EUR/AUD currency couple is gradually approaching the upper Bollinger band at 1.2144, which will probably bring some bearish impetus. In case it is broken, then the price might reach the monthly R1 at 1.2177, which is very likely to change
The interim downtrend, which started less than a week ago, managed to decline even further, and today the AUD/JPY currency pair has already reached the 55-day SMA at 81.72, and the price is heading towards the lower Bollinger band at 81.44, which is expected to bring some bullish momentum, however, if it is breached, then next resistance at 81.28 (monthly
The bearish trend, which started on August 22nd, managed to continue, and today the GBP/JPY currency couple is slowly moving towards the 20-day SMA at 123.76, which might slow down the downtrend. In case it fails to stop the prevailing movement downwards, then the price might reach the 55-day SMA at 123.42, which in turn is very likely to bring
Pair dropped further after the weekend as it forms clear double top pattern. Pair is likely to depreciate further and drop closer to 0.8050 where we can find a cluster of support levels and pattern's lower limit.
After dropping below 99 cent mark for a short period of time the pair partly recovered as weekly pivot point at 0.9903 provided enough support for the pair. However, it is likely pair will test 98.5 cent mark in the near future where we can find a cluster of support levels.
Pair continues to depreciate and is set to test 1.0342/36, eventually dropping to 200 day SMA during this week which should push the pair back up to monthly pivot point at 1.0372.
Pair started week vaguely trading in 30 pip range today. Although specialist maintain neutral outlook and predicts the pair not to deviate far from 98.41 indicators point at appreciation of the pair as it continues to develop in double bottom frame and is likely to test 100 day SMA at 98.925 in short term.
Bullish correction that started at 0.9563/52 seems to have come to an end ahead of the initial resistance at 0.9616/36 formed by the 100 day SMA and a weekly pivot point. Consequently, we expect resumption of the greenback's depreciation against the swissie with the near-term target set at 0.9505/04, while in the long run USD/CHF is capable of reaching 0.9407/0.9395.
After a failure to violate the 200 day SMA at 79.50/59 and the ensuing precipitous fall, USD/JPY is crawling upwards. Nonetheless, due to a lack of bullish impetus the currency couple is temporarily unable to pierce through the initial resistance levels at 78.71/93 and 79.17 effortlessly. In the meantime, supports are at 78.13/77.94, 77.52/34 and 76.76/56.
Prolonged bearish correction extended the dip of the cable down to 1.5796/77, but appears to be already terminated, being that the pair commences recovery. The initial resistance it should encounter is situated at 1.5824, while subsequent levels are to be found at 1.5873 and 1.5915. Still, despite short-term bullish outlook, in the long-term GBP/USD is deemed to be bearish.
A cluster of resistances at 1.2556/1.2633 has stopped advancement of the currency pair and forced it to back off. However, EUR/USD might attempt to challenge resistance once again, since it did not confirm bearish bias by breaching the nearest support - an uptrend line at 1.2492/63, below which lies 1.2391/48 (55 day SMA). On the other hand, indicators give mixed
Yesterday's downtrend managed to continue today, and now the GBP/JPY currency couple is gradually approaching the weekly PP at 124.04, which might slow down the movement downwards, however if it is breached, then the price might fall until the 55-day SMA at 123.45, which in turn is expected to reverse the prevailing trend. Additionally, RSI indicator shows neutral signal, and
Although RSI indicator shows neutral signal, the bearish trend, which started two days ago, continues, and now the AUD/JPY currency pair is gradually heading towards the lower Bollinger band at 81.65, which is very likely to stop the prevailing tendency, however, if it is broken, then next support at 81.28 (monthly PP) will probably bring some bullish impetus. On the