Situation in USD/CHF pair does not change, as the price remains in a narrow range below the up-trend line at 0.9279. If the currency pair moves north, it is likely to see it around a 0.9327/46 area, where the monthly PP and weekly R1 merge with the 55-day SMA. Provided that the price continues its depreciation, the key support will
This week USD/JPY pair is very volatile, but only in a narrow zone, bounded by the weekly S1 at 81.56 and a down-sloping line at 82.45. The pair forms a triangle, thus making it possible to trade from the sides of the pattern. On the other hand, technical indicators return to a neutral zone, while the price stays in the
This week GBP/USD pair is very stable, as the price tried to breach the weekly R2 at 1.6115, but still consolidates below it. Seems that the currency pair lost its momentum and gradually declines. This movement can receive support if long positions are closed and profits are taken, being a likely scenario given current conditions. In case this happens, the
EUR/USD slips for a second trading session, as a 1.3115/21 resistance level (the weekly R2 and monthly R1) proved to be strong enough to stop a price's appreciation. Currently, the currency pair is testing the weekly R1 at 1.3055 and, if this resistance does not cause too much trouble, the price might reach a 1.2907/1.2891 area, where the monthly PP
Today the XAU/USD exchange rate experienced another consequent movement downwards, and now the price is gradually heading towards the lower Bollinger band at 1690, which is very likely to change the direction of the prevailing tendency, however, if it is breached, then the exchange rate will probably reach the weekly S2 at 1678, which in turn might bring some bullish
Yesterday's bearish reaction, did not manage to prevail, as today GBP/JPY rebounded from the weekly PP at 131.79, and at the particular moment the price is heading towards the weekly R1 at 133.14, which will probably bring some bearish momentum, but if it is broken, then the currency couple might reach the upper Bollinger band at 134.37, which in turn
The interim uptrend has failed to continue, as today the EUR/CAD currency pair experienced a slight bearish reaction, as the price bounced off the weekly R2. As for now, the currency couple is facing the weekly R1 at 1.2969, which might bring some bullish impulse, however, if it fails to stop the bearish trend, then the price is likely to
The bearish trend, which started yesterday, has successfully managed to continue, as today the EUR/AUD currency couple experienced another significant movement downwards, and at the particular moment the currency pair is about to test the 55-day SMA at 1.2472, which is very likely to stop the downtrend, however, if it is broken, then the price might reach the 20-day SMA,
After a commendable rally pair slowed down today, and hovers at around 0.8247. Main concerns around the pair are that quite a few technical indicators give neutral outlook as it approaches a recent high at 0.826 and autumn high at 0.830 and it seems plausible we might see something similar to a 150 dip that took place in 7th and
For the past 10 days pair has been rather erratic and has been trading within the 0.9900-0.9950 boundaries. Technical indicators give negative outlook on the pair, but as it seems from current development s market participants see some potential in the pair as they don't allow it to deviate far from the parity.
As predicted, pair tried to reach new high, but the first resistance at weekly pivot at 1.0476 managed to bring it down. For the time being pair should be rather calm, but it is very likely it will try to step up closer to 1.05 sometime this week or at the beginning of the next week.
At some point pair was up by 75 pips today, but gave up the pace slightly before the first major resistance at 108.13 and has been range bound between 106.5 and 108 JPY for the past week. Technical indicators suggest pair will step up some more, however, it is rather important that both, on daily and weekly perspective, the Stochastic
Despite the fact that USD/CHF pair broke an up-trend line at 0.9274, it still faces difficulties to slip lower. The price retests the up-trend line from the bottom for the third day that seems to be a consolidation before a high time frame impulse. Thus, it is risky to open a position now, and it would be rational to wait
Last few days losses in USD/JPY pair are almost erased, as the pair surged tonight from the lower Bollinger band and is currently retesting the weekly PP at 82.30. The price has not broken neither the last high nor the last low, so it is possible to see a symmetrical triangle and trade from its boundaries.
GBP/USD pair moved lazily yesterday and attempted to breach the weekly R2 level at 1.6115, but was pushed back. Today, the price steps higher and is already retesting this level. The next resistance area is at 1.6165/81, where the monthly R1 and weekly R3 merge with a downside trend-line. Also the RSI has a value of 65, being very close
EUR/USD pair continues to appreciate and today reached the key resistance level at 1.3115/21, where the monthly R1 and weekly R2 intersect with the upper Bollinger band. The price increases for a sixth consecutive trading session and reached a seven-week high. Together with it the RSI has value of 73, indicating that the currency couple is overbought.
Yesterday's bearish reaction successfully managed to continue, as today the XAU/USD exchange rate experienced another significant bearish movement, and now the price confronts the lower Bollinger band at 1696, which is expected to change the direction of the prevailing movement downwards, however, if it is breached, then the exchange rate might decline until the weekly S2 at 1678, which in
The interim bullish trend has failed to continue, as today the GBP/JPY currency couple experienced a significant bearish reaction. At the particular moment the price is gradually heading towards the 20-day SMA at 130.72, which is likely to slow down the downtrend, however, if it is broken, the currency pair might reach the weekly PP at 130.16, which in turn
Today EUR/CAD experienced another slight bullish advance, and now the price is slowly approaching the upper Bollinger band at 1.3028, which is expected to reverse the prevailing movement upwards. In case it it breached, then the currency couple might reach the weekly R3 at 1.3100, which in turn will probably slow down the current rally. Additionally, the overall indicator outlook
The uptrend, which started less than a week ago, has failed to continue, as today the EUR/AUD currency pair rebounded from weekly R1 at 1.2525, and at the particular moment the currency couple is about to test the 55-day SMA at 1.2474, which is very likely to stop the downtrend, however, in case it is breached, then the price might
For the second week pair seems to be range bound between 0.995 and 0.990. It seems such situation is bound to continue due to lack of conclusive reading from technical indicators and presence of strong support and resistance levels close to current trading price.
Pair started the day with minor dip, but was pushed back up by 60 pips at some point after receiving an impetus from 0.8198. It seems we will have to wait for an advance above recent high at 0.8267 as currently tested weekly pivot (R1) at 0.8247 is becoming quite an obstacle and pair is likely to return closer to
Pair opened the day with a dip to 1.041, but picked up back again after receiving a bullish impetus from 20-day SMA. At the moment it is testing the strength of weekly pivot (R1) with possible intentions to reach new high above 1.0489. However, this prospect looks a bit gloomy at the moment as pair seems to be strongly driven
Pair tried to inch higher, but did not manage to step up any higher. At some point it was hovering below 107 JPY mark, but currently is at 107.25 after losing 11 pips since opening of the day. Although indicators on aggregate point at further appreciation of the pair, the Stochastic indicator suggests that pair has reached a turning point