The interim downtrend, which started a week ago, has successfully managed to continue, as today the XAU/USD exchange rate experienced another consequent movement downwards, which has already managed to overcome the 20-day SMA at 1712. As for now, the price is gradually heading towards the lower Bollinger band at 1690, which is expected to reverse the prevailing downtrend, however, if
The interim uptrend, which started a couple of days ago, has successfully managed to continue, as today GBP/JPY experienced another consequent bullish correction, and at the particular moment the price is slowly approaching the upper Bollinger band at 129.62, which is very likely to change the direction of the prevailing tendency, however, if it fails to slow down the rally,
Today the EUR/CAD currency pair experienced a slight bearish movement, which has already managed to breach the 55-day SMA, and now the currency couple is about to test the 200-day SMA at 1.2730, which is expected to reverse the prevailing movement downwards. In case it broken, then the price is very likely to reach the monthly S1 at 1.2685, which
The bullish tendency, which started two days ago, has failed to continue, as today the EUR/AUD currency couple experienced a slight bearish reaction, and at the particular moment the currency pair is heading towards the monthly S1 at 1.2301, which might bring some bullish impulse, however, if it is breached, then the price might reach the weekly S1 at
Pair tried to claw back some of its losses, but it seems we are rather likely to see a dip to 200-day SMA average in the near future instead. Main reason for this could be a bearish impetus pair received from 20-bar SMA at 13th of November. If Bollinger band won't manage to provide significant support for the pair we
It seems pair managed to consolidate above parity condition, but significant portion of traders still have doubts about pairs future as it has been testing 200-day SMA, but did not manage to advance above Bollinger band almost for the whole trading week. It is unlikely pair will advance far above current levels, as quite a few technical indicators give neutral
Pair is continuing its dip. At the beginning of the session it seemed it might recover some of the losses, but already 55-day SMA became an unreachable level for the pair. It pushed the pair, which is being held by Bollinger band at the moment, down by almost 50 pips. Outlook on the pair is neutral, therefore a lot of
After promising rally pair did not manage to step up above 104 JPY mark and ended its rally at 103.88; at the moment pair is hovering at 103.3. For the rest of the trading week not much should influence pair as it has been fluctuating between two technical levels for the whole day and short term technicals give neutral outlook.
Yesterday USD/CHF pair settled beneath the 200-day SMA and slipped even lower, touching the weekly S1 and the 20-day SMA, which indicates the middle of Bollinger bands range. Currently, the price steps higher and holds a great likelihood to retest the 200-day SMA at 0.9462 in a daily graph scale, but as it has already broken a short period up-trend
USD/JPY pair's surge during the last few days was stopped by the 81.12 level and currently the price edges lower, checking the monthly R1 level at 80.89 and, as rarely happens, the upper Bollinger line from above. If the price does not surge further in a few upcoming days, the pair will experience a divergence between the price and the
Yesterday GBP/USD pair increased till the 200-day SMA at 1.5859 level and finished trading session exactly on the line. As the current situation is rather vague, both directions have high possibilities to occur. If the price turns down, support levels would be 1.5784, with the monthly and weekly S2 levels, and 1.5715, historical flat range, the upper line of which
In the morning of yesterday's trading session EUR/USD pair did some swings with bottoms slightly higher than the 200-day SMA and after this settlement above the moving average sharply advanced, making an intraday peak at 1.2801. However, yesterday's session closed at 1.2782, in the middle of the weekly PP 1.2762 and the monthly S1 at 1.2799. Currently, the exchange rate
Dearth of buying pressure around 0.8148 resulted in a yesterday's close price dropping beneath the up-trend support line, implying that a period of kiwi's appreciation relatively to the greenback has come to an end. A pullback to the breached line seems to be a viable scenario and would create new trading opportunities. According to technical indicators the price should pare
Overall the outlook appears to be strongly bullish, mainly due to clearance of the 200-day SMA that prevented emergence of a recovery in a conjunction with a psychological level around parity, as round numbers are generally believed to be considerable obstacles in the way of price moves. Right now USD/CAD is well-positioned for further gains, but the bullish impetus looks
AUD/USD has finally closed below the up-trend support line that was responsible for a nearly 300-pip rally over the last 30 days. Both 55 and 100-day SMAs have already been broken, leaving the 200-day SMA at 1.0260/55 exposed. Support levels scattered en route to the moving average are unlikely to pose a serious threat to the evolving leg down, although
In continuation to the rally incepted at 101.11, being the current location of the 200-day SMA, the price has effortlessly pierced through the remaining resistances that separated it from the bearish trend-line presently standing at 103.67. EUR/JPY is expected to have a hard time overcoming it, since it is also an intersection point with an up-trend resistance line drawn form
The interim downtrend, which started three days ago, has successfully managed to continue, as today the XAU/USD exchange rate experienced another consequent movement downwards, therefore supporting the current tendency. As for now, the price is facing the 20-day SMA at 1713, which might bring some bullish impetus, however, if it is breached, then the exchange rate will probably reach the
The bullish correction, which occurred yesterday, has successfully managed to continue, since today the GBP/JPY currency couple experienced another significant movement upwards, which has already managed to breach the 20-day SMA at 127.87, and at the particular moment the price is gradually approaching the upper Bollinger band at 129.44, which might slow down the rally, but if it fails to
The interim uptrend, which started a couple of days ago, has failed to advance further, as today EUR/CAD experienced a slight bearish reaction. At the particular moment the price is heading towards the 55-day SMA at 1.2759, which will probably bring some bullish impulse, but if it is broken, then the currency pair might reach the 200-day SMA at 1.2731,
The bullish tendency, which started yesterday, successfully managed to continue, as today the EUR/AUD currency pair experienced another significant bullish advance, an now the currency couple is about to test the 20-day SMA at 1.2364, which is very likely to bring some bearish impetus, however, if it fails to stop the prevailing rally, then the price might reach the 200-day
During yesterday's trading session it seemed that the price will brake through the 200-day SMA very easily, however, the price retreated and currently retests the moving average from beneath. If the price settles below, we will experience an extension of a downside correction, with possible support levels at 0.9352, where the weekly PP and the 55-day SMA lie, and 0.9322
USD/JPY pair sharply increases for the second day. After the pair bounced from the 200-day SMA at 79.40, the price is surging and today made a new high at 80.95. However, currently USD/JPY is traded around the 80.80 level, where the upper Bollinger line goes. The price appreciation is possible, as indicators have not entered an oversold zone yet, but
Yesterday GBP/USD pair finally breached the 200-day SMA at the 1.5859 level and stopped at 1.5838, where the weekly S1 goes. Currently, the price steps slightly higher than yesterday closing price, thus the moving average will be tested from the bottom, in order to continue the downtrend. However, a short position may contain a lot of risk, as the RSI
The bearish tendency, which started on October 31st, has failed to continue, as the last few days the major currency pair firmly appreciated. The depreciation was stopped by the 1.2705 level, which formed a support along with the 100-day SMA. Currently, the price approaches the 200-day SMA and if it is successful, the exchange rate will open free area for