GBP/USD pair's exchange rate was pushed up to a six-week high at 1.5978 yesterday, however, the price lost its upside impetus in the second part of a trading session, and the price fluctuated in a down-sloping channel, reaching a 1.5925 level. Currently, the exchange rate increases and it is very likely that it will reach 1.5985, the Fibo 261%, from
Yesterday USD/CHF pair decreased further and reached a new seven-week low at 0.9337. Currently the price is slightly higher, but slowly tries to retest the lowest point and proceed the depreciation. The next support level would be 0.9313, the lower Bollinger band line, and if 92.73 level is broken, the risk to see a retest of bottom at 92.16 will
Yesterday trading session was very volatile, as the price moved sharply up, peaking at 82.83 and after that gradually retreated down. Currently, the price is traded around 82.30 and is very close to the 55-day SMA at 82.08, from which it is very likely to rebound and retest the last top. In case the upside movement loses its momentum, there
Yesterday EUR/USD pair made another big move up, broke the previous three-week high and peaked at a new one—1.2898. Currently, the major currency pair is traded around 1.2885, where the first resistance zone begins and the historical flat zone's lower boundary lies. In case the pair reverses its direction, it would have a lot of place to move down, as
The bullish correction, which occurred yesterday, has successfully managed to continue, as today the XAU/USD exchange rate experienced another slight movement upwards. At the particular moment the price is slowly approaching the 55-day SMA at 1738, which might slow down the uptrend, however, if it is breached, then the exchange rate will probably reach the upper Bollinger band, which in
The interim uptrend, which started more than a week ago, has failed to continue, as today the GBP/JPY currency couple experienced a slight bearish reaction, and at the particular moment the currency pair is gradually moving towards the weekly R1 at 130.98, which is likely to stop the downtrend, however, if it is broken, then the price will probably reach
The bullish tendency successfully managed to prevail, as today EUR/CAD experienced another bullish correction, therefore supporting the interim uptrend. As for now, the currency couple is about to test the weekly PP at 1.2856, which might bring some bearish momentum, but if it fails to slow down the rally, then the price is very likely to reach the upper Bollinger
The uptrend, which started a couple of days ago, has successfully managed to continue, as today the EUR/AUD currency pair experienced another consequent movement upwards, which has already managed to overcome the 200-day SMA, and now the price is facing the weekly R1 at 1.2422, which might bring some bearish impetus, however, if it is breached, then the currency couple
Pair started trading session with a dip, but managed to recover after receiving a bullish impetus from daily pivot (PP) at 0.812. However, future prospects of the pair look rather grim as both, technical indicators and market sentiment point at a depreciation of the pair. It is reasonable to anticipate a dip to 0.81; it is possible to see a
After three bearish days after unsuccessful attempt to advance above parity pair is posing for a rally, but is currently depressed under weekly picot (S1) at 0.9972. Stochastic indicator points at recovery of the pair suggesting a formation of head-and-shoulder sort of pattern. Such possibility (with eventual dip) is supported by weekly technical indicators.
Pair started session with an attempt to advance above 1.04 mark, but was pushed back to 1.035. However, it managed to return to session opening level at around 1.038 where it currently is trading. Most of the technical indicators give neutral outlook on the pair suggesting it will be mainly driven by market sentiment which points at a bullish rally
After strong rally yesterday, pair slowed down today and has dipped to as low as 105.7. However, Bollinger band seems to be providing enough support for the pair to keep it hovering at slightly above 106 JPY. Although technical indicators give neutral outlook it is fairly obvious pair should be in "overbought" state and we should see a bearish correction
After rebounding from a 0.9467 level, USD/CHF pair moves down and currently is traded around a 0.9374 level. Looking at a H4 graph, it becomes obvious that price moves in the Bollinger band range since its peak and a recent low is just exactly on the lower line. Thus, the price might slightly rebound till 0.9407, the 20-day SMA, and
After a short break around 81.00 level, USD/JPY surges further and already reached a seven-month high at 82.58. Since the price moves so radically, indicators show oversold signals, Bollinger Band is breached even in a weekly graph and the RSI indicator has a value of 78 in a daily graph. So the price should take a slower pace of appreciation
GBP/USD pair showed a strong upside impetus yesterday, as the price reversed from a 1.5879 level and without any corrections reached a 1.5965 level, where the first resistance area ends. Currently, the pair is traded around a 1.5959 level and is close to another resistance zone at 1.5880-1.6010, where historical movements formed a flat zone, which is very likely to
EUR/USD pair firmly steps higher and yesterday it was very close to a three-week high at 1.2868. The major currency pair bounced to a 1.2740 support level yesterday and sharply advanced till the beginning of Asia trading hours. Currently, the price slightly lower from its peak level, around 1.2846. As EUR/USD have not checked 1.2880 level properly, where the 100-day
Today the XAU/USD exchange rate experienced a slight bullish correction, and at the particular moment the exchange rate is gradually approaching the weekly R1 at 1735, which is very likely to slow down the uptrend, however, if it fails to stop the bullish tendency, then the price will probably reach the 55-day SMA at 1742, which in turn is expected
The interim uptrend, which started more than a week ago, has successfully managed to continue, as today GBP/JPY experienced another consequent bullish correction, and now the currency couple is gradually heading towards the weekly R2 at 132.31, which might slow down the uptrend, however, if it fails to stop the bullish movement, then the price is likely to reach the
Today the EUR/CAD currency pair experienced another bullish movement, which has already managed to break the 20-day SMA at 1.2776, and at the particular moment the price is slowly approaching the weekly R1 at 1.2836, which might slow down the rally, however, if it is breached, then the currency couple is likely to reach the monthly PP at 1.2859, which
The uptrend, which started yesterday, has successfully managed to continue, and today the EUR/AUD currency couple experienced another movement upwards. As for now, the price is about to test the 200-day SMA at 1.2396, which is expected to change the direction of the prevailing tendency. In case it is broken, then the currency pair might reach the weekly R1 at
NZD/USD appears to have failed to gain a foothold above the bullish line, which preserved upside bias of the pair. Conversely, the 200-day SMA, being the core of a support area from 0.8070 to 0.8036, seems to be unwilling to expose lower levels, located at 0.7983 and 0.7904. In the longer term, since 0.8158/81 is no longer intact, the chance
Forces of demand and supply proved to be equal today as well, resulting in virtually no change in USD/CAD exchange rate for two days in a row, even though most of daily indicators were giving "buy" signals. Considering presence of a formidable resistance just above the current price, formed by a psychological level and the 200-day SMA, emergence of a
Bullish momentum of the aussie has faltered ahead of a major downward sloping resistance line, giving way for development of a bearish leg. The initial support to be tested resides at 1.0341, being the 55-day SMA, while subsequent levels are situated at 1.0318/10 and 1.0278/60. Some of the near-term technical indicators turned bearish, although most of them remain silent, suggesting
EUR/JPY has finally reached the upper edge of a bullish channel at 105.29/48, where also weekly and monthly pivot points meet. Judging by density of the resistance area the currency pair will require some time and considerable effort from bulls to erode it. Moreover, technical indicators are mixed and thus do not favour occurrence of an upward breakout.