Yesterday's rally managed to reach the 20-day SMA at 1.1724, however, this resistance turned out to be too weak to reverse the uptrend, therefore today the bullish advance continues, and the EUR/AUD currency couple might even reach the weekly R2 at 1.1829, which is likely to reverse the prevailing tendency. If it fails to change the direction of the current
The bullish reaction, which was started yesterday, persists, and the EUR/CAD currency pair has already managed to reach and overcome the weekly PP at 1.2258. As for now, the price rallies even further and is about to face the 20-day SMA at 1.2311, which might slow down the movement upwards. In case it is broken, then next resistance at 1.2346
The price slipped after encountering a 20 day SMA and is trying to erode an uptrend support, violation of which will expose 0.9627/0.9598 and 0.9553/39 in the short-term and 0.9381/60 in the long run. However, the currency pair is still viewed as capable of negating current bearish bias and remaining within an upward channel, which directed behaviour of pair since
USD/JPY has just rallied above resistance at 78.33/39 and preserves bullish impetus in order to challenge a subsequent level at 78.64/71 and overcome it. Additional resistances are located at 79.01/04 and 79.29/50 and will be harder to breach, being that a 100 day SMA (79.36) has been hovering above the price for more than three months. The main support is
After choppy trading the cable commenced recovery and is now approaching formidable resistance at 1.5726/56, which is reinforced by 1.5783/91 and 1.5824 and thus is unlikely to give in and pave the way towards 1.5883. Accordingly, we expect the currency pair to decline and pull back down to 1.5637/08 first. Then GBP/USD will be able to target 1.5249/33 in the
EUR/USD has managed to overcome 1.2319/37 and is presently headed towards resistance at 1.2383/96, where the price is likely to reverse current bullish tendency and resume moving downwards. In case the latter level does not withstand, 1.2473 and 1.2519 will also attempt to stop the pair. The key zone lies at 1.2578/1.2633 and should cap EUR/USD in the medium-term.
The interim tendency downwards has ended, and today the bullish advance occurred. At the moment, the EUR/CAD currency couple approached weekly PP at 1.2259, which might slow down the rally, but if it is broken, then next resistance at 1.2314 (20-day SMA) is very likely to stop the uptrend. Besides, RSI indicator shows neutral signal, and present supports are at
The downtrend, which started on August 8th, has finally ended, and now a bullish correction is proceeding. The rally has already managed to break through the weekly PP at 1.1670, and now it is facing the 20-day SMA at 1.1722, which might bring some bearish impulse. If it fails to stop the uptrend, then next resistance at 1.1829 (weekly R2)
The bearish trend, which started a couple of days ago, did not last for long, and today a significant bullish reaction takes place. At the moment, the GBP/JPY currency couple is testing the monthly PP at 122.90, which might change the prevailing tendency. In case it is breached, then the price might reach the 55-day SMA at 123.35, which in
The bullish trend, which started on August 12th, continues its movement upwards, and now the AUD/JPY currency pair confronts the weekly PP at 82.76, which might slow down the rally. In case it fails to reverse the trend, then next resistance at 83.06 (monthly R1) is very likely to bring some bearish momentum. As for now, RSI indicator shows neutral
It is highly likely that in the near future we will see pair forming a double top pattern with the upper limit at 0.8190 level. However, it is highly unlikely that the pair will manage to breach this level and we should see a drop to 0.8000 after this.
Pair seems to be losing its momentum and it is highly likely that, if the pair wont manage to breach 0.9900, we will see price correction towards parity level in the medium term.
Pair is currently trying to breach one of key resistance levels around 1.0570. However, if the pair wont manage to do so in the nearest future, we are abound to see a rather rapid devaluation of the pair in the medium and long term.
Pair's double bottom pattern is signalling a further augmentation of the pair. However, it is highly likely that such a development will be rather slow and, at least for the nearest future, pair will be trading between 97.143 and 95.660.
USD/CHF stopped at 0.9787, but should be able to recommence advancement and soon attain 0.9842 while moving en route to 0.9994/1.0003 in a longer time perspective. Even though indicators do not give a distinct "buy" signal, the currency pair is deemed to be bullish, since it is underpinned by support at 0.9750/38, which is formed by an impenetrable until now
USD/JPY is slowly eroding an interim resistance level at 78.33/39, though does not yet possess enough bullish momentum in order to commence robust recovery and reach 79.39/50, being that there is a number of strong resistances en route to a key zone. The nearest support is at 78.00/77.98 and should limit possible losses of the pair.
GBP/USD hovers just above a formidable support area at 1.5637/07 and thus should challenge resistance at 1.5728/30 prior to a dip back to this zone. Moreover, technical indicators also suggest a tepid rally before another down leg, which might extend down to 1.5249/33, given that 1.5573 is breached and 1.5482/72 and 1.5450/19 does not provide sufficient support.
Currently EUR/USD is attempting to bounce from an accelerated uptrend support at 1.2271, but the rally should to be shallow, given that medium and long-term outlooks remain bearish. An initial resistance lies at 1.2319/37 and is likely to halt advancement in conjunction with the following resistance at 1.2385/96 (55 day SMA).
Pair kept depreciating today, but was unable to breach level of 0.8083. Although outlook of the pair remains mildly positive for short and medium term, but pair is bound to meet heave resistance once it approaches 0.8148 (PP Weekly) and should resume falling towards 0.8025 (200-day SMA).
USD/CAD bottomed out today after a consecutive downfall, and for now investors might expect at least a short-term relief. If bullish reversal occurs, 0.9962 (S1 Weekly) is going to be the first resistance level. A breakout here would pave the way towards 1.000, which is a parity and important psychological level, and 1.0042 (61.80% Fibo).
The Aussie dollar took a plunge against the US dollar and right it is likely to keep bearish momentum over the short run. If this is the case, 1.0469 (S1 Weekly) is going to be an initial support line for investors, followed by 1.0400 (38.20% Fibo) and 1.0312 (200-day SMA) once bearish momentum strengthens.
The shared European currency slipped lower against Japan's Yen, deepening a bearish correction on EUR/JPY. If bearish momentum to go on, 96.18 (Upper Support line) might become an initial support level for bearish traders. A breakout of this line would expose 95.14 (Lower Support line) and 92.93 (S2 Weekly), respectively.
Yesterday's movement downwards was stopped today, and now a slight bullish reaction takes place. At the moment, the EUR/AUD currency couple is slowly approaching the lower Bollinger band at 1.1657, which might bring some bearish impetus, however, if it fails reverse the tendency, then next resistance at 1.1416 (weekly PP) might probably stop the bullish reaction. Moreover, RSI indicator remains
The bearish trend, which started on August 6th has finally ended, and now a bullish correction takes place. As for now, the EUR/CAD currency pair is heading towards the lower Bollinger band at 1.2224, which might slow down the rally, but if it is breached, then next resistance at 1.2272 (weekly S1) might change the direction of the prevailing trend.