USD/CHF failed to push through and close below an uptrend support line at 0.9562/49 and thus it has delayed attainment of 0.9429/0.9397, where bulls are expected to take over and reverse current downward tendency. Additional support is situated at 0.9489/74, though it will play a minor role in determining behaviour of the currency pair.
Advancement of USD/JPY was rejected by an initial resistance at 78.44, signifying lack of impetus the currency pair currently possesses. Accordingly, resistance at 78.64/78 from above and support at 78.04/77.98 from below form boundaries that should contain fluctuations of the price until we get a more distinct signal from technical indicators.
The currency couple failed to sustain a rally and is currently pulling back to 1.5837, however, it is not anticipated to restore bullish outlook on the pair. A support zone at 1.5792/55, on the other hand, might provide sufficient buying pressure in order to commence short-term recovery of the price. In the long run GBP/USD still preserves potential to attain
Despite a good attempt of bulls to push EUR/USD higher, a resistance area at 1.2587/1.2619 did not allow it to succeed at gaining even more ground, forcing the pair to retreat below 1.2543/58. The next supports the price is likely to encounter are located at 1.2507/49 and 1.2386, but these levels are not viewed as capable of halting bearish momentum
The bullish correction, which started yesterday, successfully managed to advance even further, and now the GBP/JPY currency couple is about to test the weekly R1 at 124.79, which might slow down the rally. If it fails to stop the bullish movement, then the price might advance until the upper Bollinger band at 125.14, which is expected to bring some bearish
The bearish trend, which started two days ago, successfully continues, and today AUD/JPY has made another slight move towards the monthly S1 at 79.86, which is expected to stop the prevailing downtrend. If it is broken, then the price might reach the lower Bollinger band at 79.50, which in turn will probably reverse the prevailing movement downwards. Nevertheless, RSI remain
Today the EUR/AUD currency pair experiences a small bearish reaction, and now the price is gradually approaching the weekly PP at 1.2164, which will probably bring some bullish impetus. If it fails to stop the movement downwards, then next support at 1.2088 (weekly S1) is very likely to change the direction of the prevailing tendency. In addition, RSI indicator shows
The bullish correction, which started yesterday, did not manage to last for a long time, and today the EUR/CAD currency couple experienced a small bearish reaction. As for now, the price is slowly heading towards the 55-day SMA at 1.2374, which might slow down the downtrend. In case it is breached, then the price might reach the 20-day SMA at
Kiwi is continuing to lose ground against greenback after forming a Double Top pattern, but as pairs outlook remains positive in the medium term it is likely that Bollinger band and monthly pivot at 0.7928/31 will provide enough push for at least a temporary recovery of the pair.
Pair is bounded by Bollinger band and weekly PP for the second day. Pairs neutrality is likely to persist for few more days. After that Bollinger band should provide enough support for pairs advancement back above 0.99.
Pairs outlook remains negative in the short term. However, it is likely that cluster of support levels at 1.0184/73 will at least slow down the pair or even will push it closer to 1.03.
EUR/JPY tested 99 mark today, but was rebounded from weekly S1 at 99.017. It is highly unlikely pair will advance above 99. Actually it is more likely that pair will continue to stay around 98.5 in short term, but will be pushed below 98 in medium term.
USD/CHF continues to close in on an uptrend support line at 0.9429/0.9397 and only a support area at 0.9489/66 separates them. Once the upward sloping trendline is reached, the pair is expected to receive strong bullish impetus and recover, although we may not yet rule out a possibility of an extension of a dip down to 0.9356 or even 0.9253.
The pair remains choppy and does not exhibit adherence to any specific direction at the moment. Moreover, indicators also do not provide an insight into the future and increase uncertainty with regard to the prospects of USD/JPY. However, being that the price is dangerously close to a recent low of 77.66, long-term outlook is bullish.
GBP/USD did not yet fully give in to bears and step by step inches higher. Presently the currency pair is moving towards 1.5922/34, breach of which would pave the way to 1.6063/93, though resistances at 1.5979 and 1.6021 will have to be overcome first. Nevertheless, most of weekly and monthly technical studies are bearish, suggesting that supports at 1.5837 and
A major resistance at 1.2587/1.2619 appears to be exhausted and is already unable to restrain EUR/USD, which is being relentlessly driven upwards by bulls since July 25. If the current tendency persists, the pair will confront 1.2651/80, while subsequent levels are located at 1.2730/65 and 1.2811/24. However, the price may still be a subject to a dip to 1.2558/35.
The bearish tendency, which started on August 31th, failed to continue, and now the EUR/CAD currency couple is slowly approaching the weekly R1 at 1.2476, which might bring some bearish impetus. If it fails to stop the prevailing uptrend, then the price is likely to reach the weekly R2 at 1.2552, which might change the direction of the present movement.
The bullish tendency, which started on August 30th, successfully managed to advance even further, and now EUR/AUD is about to test the weekly R1 at 1.2317, which might slow down the rally. In case it is breached, then the currency couple might reach the upper Bollinger band at 1.2405, which in turn will probably bring some bearish momentum. Additionally, RSI
The downtrend, which started yesterday, successfully managed to continue, and today the AUD/JPY currency couple experienced another significant bearish reaction. As for now, the price confronts the lower Bollinger band at 79.77, which is expected to change the direction of the present movement. If it fails to stop the decline, then next support at 79.30 (weekly S2) will probably bring
The bullish correction, which occurred on September 2nd, did not manage to last long, as today the GBP/JPY currency pair follows a bearish trend, and the price has already managed to overcome the 20-day SMA at 124.25, and now the currency couple is slowly heading towards the monthly PP at 123.64, which will probably bring some bullish impulse. In case
Pair slows down after fully forming Double Top pattern. Pairs outlook is neutral and pair should remain between 80 and 79 cent marks. However, stochastic indicator suggests that pair might try to advance above 0.8 what should not last long.
Pairs rather stable after the weekend as opening of the week suggest that pair has no juice to try to step up above 99 cent mark , but should remain close to it (~97.7) for the time being.
Aussie regains momentum and depreciates further. Stochastic indicator suggest that we should see a an attempt to pull up soon, and as pair is approaching cluster of support levels around 1.02 it is highly likely that pair will slow down for some time.
EUR/JPY is continuing to trade in tight range and is likely to be kept below 99 mark as quite a few significant resistance levels are around 98.6. It is much more likely that pair will rebound and test markets reaction while depreciating as the closes major support level is quite a bit below 98.