Pair continues its rally as it managed to climb additional 30 pips today and at the moment it is testing Bollinger band and, what is more important, 9 month high, at 0.8352/55. Although technical indicators send strong bullish signals, the Stochastic indicator suggest pair might lack some power to set new high yet and bearish correction would be in order.
As was to be expected pair started the week very calmly. It tried to step up by some 20 pips, but it became evident rather soon that 100-day SMA is going to become a major obstacle for that. Since then pair was fluctuating between the mentioned SMA and Bollinger band. The RSI and the Stochastic indicators send positive signals, but
As most of the major currencies aussie started the week with a dip, but received a bullish impetus from weekly PP at 1.0462 and at the moment is testing the strength of psychological level at 1.05. Technical indicators point at appreciation of the pair, but at the same time quite a few technical indicators give neutral outlook therefore a lot
Pair started the week with a dip to 106 JPY, but quickly recovered and at the moment is hovering supported by 20-day SMA at 106.36. Technical indicators draw rather positive outlook on the pair as their aggregate signals point at appreciation of the pair on 1D and 1W horizons, but the Stochastic indicator on the 1W sends sell signal suggesting
Last week USD/CHF pair ended by breaching the 55-day SMA and the monthly PP level at 0.9345. Today the price consolidates by slightly slipping lower to retest the 55-day SMA or even the 20-day SMA at 0.9320. Therefore it would be rational to wait where the price will find a support and settle.
USD/JPY pair remains locked in a channel, bounded by the upper line at 82.55 and the lower line at 81.87. As the price fluctuates in the same range for two weeks, all technical indicators returned into a neutral zone, therefore a further appreciation of this currency pair is very likely. The next resistance should be met at 83.01, where the
GBP/USD pair continues to depreciate and today the price inches lower towards the key support level at 1.6011, where a downward trend-line intersects with the monthly PP and the 20-day, 55-day and 100-day SMAs. Around this level it is very likely to see some consolidation and after that a further price decrease to a 1.5860 area, where the 200-day SMA
EUR/USD pair finished last week by sharply depreciating. The price reached an important level at a 1.2900 area, where the 55-day SMA intersects with the monthly PP. As the currency pair depreciated last three days, and currently is traded around the 20-day SMA together with the RSI value of 27 in a H4 graph, it is very likely to see
The bullish correction, which occurred yesterday, has successfully managed to continue, as today the XAU/USD exchange rate experienced another bullish movement, and at the particular moment the price is gradually approaching the monthly PP at 1713, which might bring some bearish momentum, however, if it is breached, then the exchange rate is likely to reach the 55-day SMA at 1726,
Today GBP/JPY experienced another consequent bearish reaction, and at the particular moment the currency pair is slowly approaching the weekly PP at 131.79, which is likely to bring some bullish impetus, but if it is breached, then the price might reach the 20-day SMA at 131.13, which in turn will probably change the direction of the current movement. In addition,
The bearish trend, which started a couple of days ago, has successfully managed to continue, as today the EUR/CAD currency pair experienced another bearish reaction, which has already managed to breach the 55-day SMA at 1.2818, and now the currency couple is about to test the weekly S2 at 1.2763, which might slow down the downtrend, but if it fails
Today the EUR/AUD currency couple experienced another consequent movement downwards, which has already managed to breach the 200-day SMA at 1.2377, and now the price is gradually heading towards the lower Bollinger band at 1.2270, which is expected to reverse the prevailing tendency. In case it is broken, then the currency pair is likely to reach the weekly S3 at
9 month high at 0.8355 seemed within the reach, but combined pressure coming form it and weekly R3 at 0.8341 made the pair to contract 33 pips before the close. Pair demonstrates rather positive, however much more modest, results today as well—at the moment it is testing strength of Bollinger band/monthly (R1) at 0.8322/23. Although, technical indicators point at appreciation
Pair tried to step up higher, but was rather fast to receive a pressing from weekly (PP) at 0.9934 which led to 50 dip dive and at the moment is supported by cluster of support levels at 0.988. We are likely to see an additional dip to 0.985, where effects coming from the RSI and the Stochastic indicator are likely
After a very strong rally yesterday pair managed to climb as high as 1.0514, but monthly (R1)/Bollinger band proved to be too heavy of an obstacle for the pair there and pair dipped by almost 45 pips before the close. Today pair lost additional 15 pips until it reached 1.045, but managed to recover and posses for one more attempt
Pair continued its yesterdays dip, but was halted and kicked back up by 20-bar SMA at 106.08. However, weekly PP at 106.70 did not allow the pair to pick up any higher. Technical indicators send a very strong aggregate buy signal, suggesting that mentioned SMA might kick in some momentum in to pair and we could see additional attempt to
As USD/JPY pair ended a consolidation in a 0.9246/66 range, the price surges and has already reached the monthly PP and the 55-day SMA at 0.9349. The next resistance is the 100-day SMA at 0.9408 and after that the upper Bollinger band at 0.9461. However, currently the price is traded around the 20-day SMA, which indicates a middle of the
USD/JPY pair continues to move inside a triangle pattern, as the price made a third high on the upper boundary at 82.44, suggesting to open a short position. But on the other hand, technical indicators return in a neutral zone, while the price is traded in a flat corridor. Therefore, it is very likely to see an extension of the
After few attempts to breach the weekly R2 level at 1.6115, GBP/USD pair slipped lower and currently moves towards a target support at 1.6015/1.6003. This level is important, as it the point of intersection of weekly and monthly PPs with the 55-day and 100-day SMAs.
EUR/USD pair depreciated sharply during a yesterday's trading session. The pair easily overcame the weekly R1 at 1.3055 and slipped to the weekly PP level at 1.2968. Currently, the price consolidates around this area, but target resistance is 1.2926/1.2891, where the weekly S1 and monthly PP merge with the 55-day and 20-day SMAs.
After having difficulties breaching 0.8247, pair gained momentum and breached quite a few major resistance levels. It does not seem that 0.8341 will be much of a trouble as well. The real question is about 0.8355 as after this major psychological level it is rather questionable if 0.84 will manage to slow down the pair. Technical indicators give positive outlook,
After being range bound for a few weeks, pair is giving first more conclusive directional indication as it has been depreciating for the past three days, and technical indicators allow us to think that weekly S1 is going to be just a minor setback. Real challenge for the greenback will begin if pair will approach cluster of support levels at
Pair started day passively, but increased the pace later in the day after touching weekly PP at 1.0438 and breaching weekly R1 at 1.0475, level which was unreachable for the pair in the last few weeks. At the moment pair is close to advancing above and reaching the highest level in more than a month. However, gloomy readings from technical
After opening pair tried to continue its rally and step up above 108 JPY, but crumbled after hitting 107.88 and at the moment is trading almost 100 pips below this mark. We can rather confidently say that is not the last attempt to reach new high, but for the time being we can just watch if 106.70 will be enough