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.
The currency pair is strongly rebounding from 0.9393 and has already easily surmounted a former initial resistance at 0.9425/29. An overhead zone that stretches from 0.9452 up until 0.9473 in turn promises to be much more challenging and thus may halt advancement of USD/CHF, as the area is formed by two commonly used studies, namely 100 and 200-day SMAs, apart
Following a short pause USD/JPY returned to a bullish path and is presently challenging resistance at 81.92/99, violation of which will expose 82.33 and 83.12, which do not seem to be dangerous for the upward momentum. In case the pair declines, it is unlikely to find common ground until 80.89/67 is reached. Technical indicators are not distinct in their readings,
The cable carried more upside potential than EUR/USD, but too gave in to bears and is currently trading lower than today's open price. The closest support could be found at 1.5879, although a more deeper bearish correction, down to 1.5857/43, is likely to be required for the market to regain interest in the Sterling. Nonetheless, GBP/USD overall is bearish, as
Downside risk has materialized, as the pair has reversed its direction at a resistance area 1.2790/1.2819 and is now charting a bearish engulfing pattern. EUR/USD gravitates towards a confluence of 100 and 200-day SMAs and may soon erode it, given that most of technical indicators continue to give "sell" signals and the price lacked bullish impetus after it first met
The interim uptrend, which started a couple of days ago, has successfully managed to continue, as today the XAU/USD exchange rate experienced another consequent movement upwards. As for now, the price is slowly approaching the weekly R1 at 1732, which might bring some bearish momentum, however, if it is breached, then the exchange rate will probably reach the 55-day SMA
The bearish reaction, which occurred yesterday, has failed to continue today, and today the GBP/JPY currency couple experienced a bullish advance, which has already managed to overcome the weekly R1, and ate the particular moment the currency pair is heading towards the upper Bollinger band at 130.53, which is expected to change the direction of the prevailing tendency, however, if
The bearish reaction, which occurred yesterday, has failed to continue, as today EUR/CAD experienced a significant movement upwards, which has already managed to break the 55-day SMA. As for now, the currency couple is about to test the 20-day SMA at 1.2783, which might slow down the rally, but if it is broken, then the currency pair is likely to
Today the EUR/AUD currency pair experienced a significant bullish correction, which has already managed to breach the 20-day SMA at 1.2329, and at the particular moment the currency couple is gradually heading towards the 200-day SMA at 1.2398, which is expected to stop the current movement upwards, however, if it is broken, then the price might reach the 55-day SMA,
A recent breach of a bullish trend-line that has been respected by the market since mid-June proved to be false and NZD/USD has already returned within the upward-sloping channel. Nevertheless, the current position of the price is unstable and attainment of higher levels, such as 0.8202/18 and 0.8279/94, is required in order to claim that the pair has preserved its
USD/CAD has closed above parity for several days, notwithstanding, it was unable to continuously remain above 1.0014/00 and has already slipped beneath 0.9987/72. The currency pair carries on gaining bearish momentum, as suggested by weekly technical studies, but should overcome 0.9942/31 and, most importantly, 0.9917/0.9891 before the medium-term outlook is changed to negative, as it is the key support at
On all relevant timeframes technical indicators suggest absence of any action by the price, which has moved only 10 pips since the start of the day, if we disregard shadows of the candle. Despite the outlook being currently neutral, the risk is to the downside, since fluctuations of AUD/USD are restricted by a major bearish trend-line at 1.0444/49 from above,