The bullish tendency, which started less than a week ago, has successfully managed to continue, as today the XAU/USD exchange rate experienced another consequent movement upwards, and now the price is slowly approaching the monthly PP at 1738, which might bring some bearish momentum. In case it fails to slow down the rally, then the exchange rate is very likely
The bearish trend, which started yesterday, has successfully managed to continue, as today the GBP/JPY currency pair experienced a slight bearish reaction, and at the particular moment the currency couple is gradually heading towards the weekly S1 at 127.45, which is expected to slow down the downtrend. In case it is breached, then the currency pair might reach the 55-day
"Combined with the previously reported low inflation print for Q3, the RBNZ may consider further cuts to the already low cash rate and NZD intervention may also be a consideration"- HSBC (based on Reuters)Pair's OutlookYesterday NZD/USD demonstrated untypical for itself volatility by plummeting 78 pips. Moreover, today the dip is being extended as well, since none of the nearest supports
Trading range of USD/CAD gradually widens, while the pair establishes a bullish tendency it is likely to adhere to in the long-term. Nonetheless, this scenario is not viable as long as the 200-day weighs upon the price and impedes growth. Consequently, we need a strong sustainable rally above 1.0001/10 to be sure in positive outlook, but until then a struggle
AUD/USD has already touched an upper edge of a bearish channel and may soon commence sliding down and thus follow the general trend. However, it may linger near the currency levels, as indicated by technical studies. The initial support is to be found at 1.0398, whereas a more reliable area is situated slightly lower, it stretches from 1.0380 (100-day SMA)
After an encounter with a crossing of an up- and a down-trend lines EUR/USD had more than enough bearish inertia to pierce through support at 102.63, although with a little bit of effort. The pair intends today to close below the 55-day SMA and at the moment is headed towards the 200-day SMA at 101.36/30 and a bullish trend-line at 100.89/44,
The bullish correction, which occurred yesterday, has failed to continue, as the EUR/CAD currency couple rebounded from the 55-day SMA at 1.2733, and at the particular moment the price is slowly heading towards the monthly S1 at 1.2685, which might slow down the downtrend. In case it is broken, then the currency pair is very likely to reach the lower
The interim bearish tendency, which started more than a week ago, has successfully managed to continue, as today EUR/AUD experienced another consequent movement downwards, which has managed to breach the weekly S2 at 1.2255, and now the currency couple is heading towards the lower Bollinger band at 1.2183, which is expected to change the direction of the prevailing downtrend, however,
Yesterday USD/CHF pair closed next to the weekly R1 level at 0.9461 and this level has stopped the price increase, at least for a current moment. Presently, the price has slightly pulled back and is just on the 200-day SMA level at 0.9448. As the price tries to settle above this moving average line, the RSI indicator on a H4
A daily graph shows, that yesterday's candle closed indicating a negative performance, but more important is that the closing point was exactly at the 80.00 level. Accordingly, if today USD/JPY closes below this level, we could say that the price has settled beneath it and is ready to test new support levels. That would be 79.63, the weekly S1, and
GBP/USD pair also showed a high volatility, as yesterday the price increased to 1.6030 and after that, in the second trading session part, sharply depreciated, braking the previous bottom at 1.5957. Currently, the price fluctuates in the lower Bollinger part on a daily graph, between the 20-day SMA and the lower line, that indicates that this currency pair still maintains
Yesterday in the morning EUR/USD pair was sharply appreciating, but, however, in the second part of a trading day, the price reversed its direction and broke through the previous bottom at 1.2763. Currently, the major currency pair is traded around 1.2760 level, where the 200-day SMA and the weekly S1 level can be found. Also, the price is moving along
The interim bullish trend, which started a couple of days ago, has failed to continue, as today the XAU/USD exchange rate experienced a slight bearish reaction. As for now the price is slowly approaching the weekly PP at 1694, which is expected to bring some bullish impulse. In case it is breached, then the exchange rate is very likely to
The bullish correction, which occurred yesterday, has failed to continue, as today GBP/JPY experienced a significant bearish movement, which has already managed to breach the 20-day SMA, and now the price is heading towards the monthly PP at 127.73, which might bring some bullish impetus. In case it fails to stop the downtrend, then the currency couple is likely to
Today the EUR/CAD currency pair experienced a slight bullish correction, which at the particular moment is about to test the 55-day SMA at 1.2729, which is very likely to slow down the prevailing rally, however, if it is broken, then the currency couple will probably reach the 200-day SMA at 1.2750, which in turn is expected to change the direction
The downtrend, which started a couple of days ago, has successfully managed to continue, as today the EUR/AUD currency couple experienced another bearish reaction, which has already managed to touch the weekly S2, and at the particular moment the price is about to test the lower Bollinger band at 1.2207, which is expected to stop the prevailing tendency. In case
Quite a few pairs are having a volatile session today; kiwi is no exception. Earlier in the session it dropped to weekly pivot (PP) at 0.8273 and then advanced slightly above 0.83 breaching weekly pivot (R1) and Bollinger band on the way, but returned to opening level at 0.826. It is likely that such negative mood will persist further and
Pair appreciated slightly more than 80 pips after receiving a bullish impetus from weekly pivot (S2) at 0.9868. Technical indicators and market sentiment give rather clear signals and it is rather evident that pair is posing for one more attempt to breach parity condition some time soon.
Pair started day promisingly, but did not manage advance much further than monthly pivot (R1) at 1.0472 and was pushed back in to the Bollinger band boundaries. However, this should be just a temporary setback and upcoming sessions should be much smoother and with clearer trend.
After posing for a major rally pair did not manage to breach 20-day SMA barrier and has lost 160 pips since then. As pair is rather volatile for a second day in a row and technical indicators give neutral outlooks we should see at least few more choppy sessions, but general, downward, slope should remain.
Today USD/CHF pair moves sharply south, as the price found a strong resistance level at 0.9430, location of the monthly R1. As the price showed a strong impulse down, it is very likely USD/CHF will continue depreciation till the nearest serious support levels around 0.9368/52, the weekly PP and the 55-day SMA, or even till 0.9330, where we can find
"It's true that the BOJ's policies alone won't immediately end deflation. But we hope to do our best to achieve a stable economic environment"- The Bank of Japan (based on Bloomberg)Pair's OutlookAfter bouncing to the 80.50 level, USD/JPY swung down and tonight it touched the 20-day SMA at 79.78 level. However, currency pair retreated back and now is traded above
Yesterday GBP/USD pair was traded in a very narrow range and daily candle closed with two relatively long shadows on the both sides, therefore it is very likely, that this currency pair has consolidated and changed its moving direction even in the short term. The next resistance levels might be found at 1.6051/65, where the 20-day SMA and the weekly
After breaking a 1-month low at 1.2804 this week, EUR/USD forms a bottom at the monthly S1 at 1.2799, where the daily candle just closed, exactly on the line. Today the price is quite high, around a 1.2870 level. Analysing a possible appreciation, the price might find resistance at 1.2886, the weekly PP, and at 1.2933, where the 55-day SMA