For the past 28 trading days the cable has been moving upwards at an accelerated pace, indicating that the bullish impetus is strong, although at the same time it is fragile and ready to shatter after a collision with one of the major resistance levels, which is currently standing at 1.6161/88.
EUR/USD has refused to submerge after hitting a confluence of resistances at 1.3079/1.3121, being underpinned by the 200-day SMA.
The significant bearish reaction, which occurred yesterday, has successfully managed to continue, as today the XAU/USD exchange rate experienced another consequent movement downwards, and now the price is gradually heading towards the weekly S1 at 1683, which might slow down the bearish trend, however, if it is breached, then the exchange rate will probably decline until the lower Bollinger band
In the middle of the session pair demonstrated a 40 pip dip and although it ahs been recovering ever since weekly R2 and Bollinger band are keeping the pressure on. From the readings of technical indicators it becomes rather probable we will see quite a few choppy session at the beginning of the next week while medium term outlook suggests
After a few weeks of depreciation pair seems to be heading for a rally after receiving a bullish impetus from weekly S1/Bollinger band at 0.9837/32. Although short term technical indicators give negative aggregate outlook it seems it would not be a mistake to pay attention to the Stochastic indicator (and RSI at some extent) only as it has been predicting
Pair seems to be recovering after unsuccessful attempt to storm 1.06 which was stopped by weekly R2 at 1.0585 few days ago. However, it is very likely that positivity is coming from pending long orders which are being triggered at the moment. In the short to medium term pairs outlook is rather grim as technical indicators point at a dip
Earlier in the day pair managed to step up to 110 JPY, but as expected this psychological level introduced too much of a resistance for the traders. After this pair was trading rather erratically, but general trend seems to be bearish as pair dipped as low as 109 JPY. However, after initial bearish impetus pair is showing signs of recovery
The uptrend, which started a couple of days ago, has failed to continue, as the price rebounded from the monthly R1 at 134.88, and at the particular moment GBP/JPY is slowly moving towards the upper Bollinger band at 134.33, which might bring some bullish impulse, however, if it it broken, then the currency couple will probably reach the weekly R2
Today the EUR/CAD currency pair experienced another consequent movement upwards, and now the price is gradually approaching the weekly R1 at 1.2943, which might bring some bearish momentum, but if it fails to slow down the rally, then the currency couple is likely to advance until the upper Bollinger band at 1.2985, which in turn is expected to change the
The interim bullish movement successfully managed to prevail, as today the EUR/AUD currency couple advanced even higher, and at the particular moment the currency pair is facing the 55-day SMA at 1.2427, which is very likely to stop the current bullish trend, however, in case it is breached, then the price might reach the weekly R1 at 1.2475, which in
After a Federal Reserve System's decision to expand monetary measures, USD/CHF pair is sharply depreciating, mainly due to a loss of a Dollar's value. The price has already broken a two-month low at 0.9213 and currently is traded around the lower Bollinger band at 0.9212. The next support level is at 0.9180, where the monthly S1 merges with the weekly
USD/JPY pair skyrockets for a fourth trading session and is already in proximity of a nine-month high at 84.18. Reasons of such rapid appreciation are quite vague, signifying presence of speculative actions in this currency pair. On a related note, the RSI has a value of 74 and is already in an overbought zone.
Although GBP/USD pair was depreciating yesterday and retested the monthly R1 at 1.6109 as a result, today the price increases and moves towards the upper Bollinger line at 1.6154. The next resistance level is at 1.6184, formed by the monthly R1 and weekly R2. Together with the Bollinger line they will form a formidable resistance area capable of halting further
Today is a fifth consecutive trading session the major currency pair firmly steps higher. Despite the fact that yesterday EUR/USD was volatile on both sides, indicative of a weakening upside impulse, the price closed with a notable positive result. Currently the pair is rallying further and has already approached the key resistance area at 1.3120, where the upper Bollinger line
Yesterday's bullish correction failed to continue, as today the XAU/USD exchange rate experienced a significant bearish reaction, which at the particular moment is gradually approaching the weekly S1 at 1683, which might bring some bullish impulse. In case it is breached, then the price might decline until the lower Bollinger band at 1675, which in turn will probably change the
The bullish movement, which started a couple of days ago, has successfully managed to continue, and today the GBP/JPY currency couple experienced another consequent bullish correction, which has already managed to overcome monthly R1 at 134.45. As for now, the price is slowly approaching the psychological resistance of the prevailing bullish price channel, which is expected to reverse the current
Today EUR/CAD advanced even higher, and the price has already managed to break the 55-day SMA at 1.2844, and now the currency couple is gradually heading towards the weekly R1 at 1.2943, which is likely to bring some bearish impetus, however, if it is breached, then the price might advance until the upper Bollinger band at 1.2987, which in turn
The interim uptrend, which started less than a week ago, has successfully managed to continue, as today the EUR/AUD currency pair experienced another strong movement upwards, which has already managed to breach the 200-day SMA at 1.2368, and at the particular moment the price is about to face the 55-day SMA at 1.2430, which is very likely to stop the
Pair was pushed back down after reaching 0.844 where it met significant resistance from monthly R2 yesterday. However, it seems it was jus a temporary setback as at the moment it is strong and willing to reach yearly high right after it breaches weekly R2. Although stochastic indicator has been in overbought area for quite some time it's readings are
Pair has been depreciating for almost 2 full trading weeks now. At the beginning we were seeing some attempts to recover some of its losses, but last few days it was full downside movement all the way. It does not seem pair is going to get any significant support until 0.98 area as for the time being it has been
Yesterday the pair lost some of its momentum when it did not manage to breach weekly R2 at 1.5885. Although bullish impetus is still present and rather strong in the pair it has been appreciating at a much slower pace as some pressure from Bollinger band is keeping it on leash. Although Stochastic indicator suggests that we might see some
In the past 4 days pair advanced almost 300 pips and it does not seem it is planning to slow down for the time being. Existence of strong bullish momentum is supported by the readings of technical indicators. However, the Stochastic indicator on weekly outlook is suggesting we might see at least some sort of bearish action. Probability of such
USD/CHF pair slips even lower and currently approaches the weekly S1 at 0.9272. If this level does not support the depreciation impetus, than the subsequent level is the Bollinger band at 0.9226, followed by the lower one at 0.9180, where the weekly S2 intersects with the monthly S1.
In the last two trading sessions, USD/JPY pair was driven by an extremely strong impulse, as the price breached a lot of resistance levels: the upper Bollinger line, the weekly R1 and R2. The next resistance is at 83.84, where the monthly R1 is found. The RSI value entered an overbought zone, as its value is 73.