The XAU/USD exchange rate has successfully managed to advance even further, as today the price experienced another bullish correction, and as for now, the exchange rate is gradually heading towards the weekly PP at 1694, which is very likely to bring some bearish impetus. In case it fails to slow down the rally, then the price will probably reach the
The significant movement downwards, which started yesterday, has failed to continue, as today GBP/JPY experienced a slight bullish correction, and at the particular moment the currency pair is slowly moving towards the weekly PP at 128.53, which might bring some bearish momentum. In case it is broken, then the currency couple is very likely to reach the upper Bollinger band
The bearish tendency, which occurred yesterday, managed to continue today, as the EUR/CAD currency pair experienced another slight bearish reaction, and now the price is about to test the 55-day SMA at 1.2723, which will probably bring some bullish impetus. In case it is breached, the currency couple might reach the lower Bollinger band at 1.2668, which in turn is
The bearish reaction, which occurred yesterday, has successfully managed to continue, as today the EUR/AUD currency couple experienced another consequent movement downwards, which has already managed to break the monthly S1 at 1.2301, and at the particular moment the price confronts the lower Bollinger band at 1.2255, which is expected to stop the prevailing tendency. In case it fails to
The currency pair now faces a resistance line at 0.8290/92, though given the usual leisurely pace of change of NZD/USD lately, it is not in danger until tomorrow. Subsequent goals for bulls lie at 0.8337/42 and 0.8397. Still, we may not write off a decline to 0.8237/18 or 0.8206/0.8187, though such weakness should be only a temporary phenomenon, since the
Dearth of interest to acquire the U.S. Dollar did not enable a re-test of 1.0001/10. This has led to a shallow dip of the price to 0.9933/09 that is deemed to be strong enough to safeguard some of the lower support levels, such as 0.9868 and 0.9842. A journey back to 0.9632, a low reached on Sep 14, at the
As suspected, bulls took control of the price, advancement of which continues to accelerate. Nevertheless, AUD/USD is dangerously close to a dense resistance zone that stretches from 1.0455 up to 1.0491 and it is expected to prevent extension of the current rally. If this is not the case, then 1.0572 will be the next goal, although technical indicators do not
Today's price action is likely to draw a pin bar with a long lower shadow, which would imply strong buying pressure between 102.63 and 102.26, limiting possible losses of the Euro's value, at least in the short term. However, since the trading range of the pair is narrowing, a rising wedge is being formed on the chart, meaning an increased
USD/CHF pair's pace of appreciation slows down, as the price is approaching a 0.9443 level , where the 200-day SMA and the upper Bollinger line go. However, it is very hard to say, how the price will continue to move from this level, as indicators do not give an overbought signal. Current resistance levels were historically significant and reliable, thus
As it was expected, USD/JPY pair turned into a correction after bouncing to 80.50 level. Currently, the currency pair is traded around a psychological level of 80.00, which is very important for this pair, as further direction depends on which side will the currency pair settle down. In case USD/JPY continues to depreciate, 80.63/53 level would be targeted next, as
Yesterday a positive performance of the cable has turned into a loss in the end of trading hours, as the price has reached a 1.5983 level. Today, the price shows positive sentiments and is slightly higher, but the current level does not provide any support, thus any appreciation is not sustainable. The further support level is situated at 1.5958, where
EUR/USD extends it negative performance and have already broken a 1-month low at 1.2803. Although the price moves very closely with the sharply decreasing Bollinger's lower line, yesterday's closing point is exactly on the monthly S1 level at 1.2799, therefore the major currency pair may experience a slight correction soon. However, a real support level should be met at 1.2752,
The significant bearish reaction, which occurred a couple of days ago, has failed to continue, and today the XAU/USD exchange rate experienced a slight bullish correction as the price rebounded from the lower Bollinger band at 1674. As for now, the price is gradually approaching the weekly PP at 1694, which might slow down the rally. In case it is
Today the GBP/JPY currency couple experienced a significant bearish reaction, which has already managed to overcome the weekly PP at 128.53, and at the particular moment the price is slowly moving towards the 20-day SMA at 127.87, which is very likely to stop the prevailing tendency. In case it fails to slow down the downtrend, then the currency pair might
The bullish correction, which occurred yesterday, has failed to continue, as today EUR/CAD experienced a slight bearish downturn, which has already managed to breach the 200-day SMA at 1.2752, and now the currency pair is gradually heading towards the 55-day SMA at 1.2717, which might bring some bullish impetus. In case it fails to slow down the downtrend, then the
Today the EUR/AUD currency pair experienced a significant bearish movement, therefore supporting the interim downtrend, which started a couple of weeks ago. At the particular moment the currency couple is about to test the lower Bollinger band at 1.2327, which is expected to reverse the prevailing tendency, however, if it is broken, then the price might reach the weekly
NZD/USD retreated from 0.8276/82, but is presently unwilling to step lower, being supported by 0.8237/18. Additional obstacle in case the pair weakens is situated at 0.8198/87, though the bias on the price is largely bullish, as suggested by a majority of technical indicators. Consequently, we may anticipate resumption of an upward activity. The initial target lies at 0.8276/92, followed by
The decline initiated after an encounter with a resistance level at 1.0001/10 appears to have come to an end and USD/CAD already seems to be ready to test it once again. A breach of the 200-day SMA will imply continuation of a bullish scenario up to 1.0060/63. A close beneath will not necessarily mean a reversal, but rather a delay
AUD/USD failed to sustain a rally above 1.0398 and fell down to the 55-day SMA. Currently the price is well-positioned to commence a recovery, which should eventually result in a surge up to 1.0455/72, although 1.0361/73 and 1.0398 have the potential to postpone advancement. From below the pair is underpinned by 1.0341/35 and 1.0310/04.
The currency pair is headed towards an up-trend support line at 102.63, which prevented extension of dips since the end of July and is therefore deemed to be reliable enough to negate bearish momentum. In case the bullish line holds, the price should bounce off it and the next leg up should end around 104.95. Alternatively, the breakout is unlikely
A strong surge of USD/CHF on Nov 2 was curbed only by 0.9428/43, leaving the pair with little incentive to carry on moving higher. In case bulls continue to push the price upwards, additional resistances at 0.9460 and 0.9507/26 are ready to step in. Alternatively, formation of a down-trend should encounter supports at 0.9368/56 and 0.9322/21.
USD/JPY may yet again undergo a bearish correction before the recovery is recommenced. The price has just touched a five-month high and is expected to trim some of the recent gains. The pullback should not extend beyond 80.15, although we cannot rule out a possibility of a deeper retracement, resulting in a decline down to 79.64/55, where a previous correction
The cable stays largely undecided, refusing to leave vicinity of a major down-trend resistance line at 1.62. However, in order to test it, the currency pair will have to overcome 1.6058/65 and 1.6086/90 first, thus giving little reason to believe in a bullish outlook. Eventually, the focus is therefore likely to shift on supports, the nearest of which are located
A precipitous dip last Friday was only halted by support at 1.2801/1.2799, which still remains under the risk of being breached. This in turn would expose 1.2754/52, although it has a higher chance of withstanding bearish pressure, being formed by the 200-day SMA. A possible rally, on the other hand, should be limited by resistances at 1.2886 and 1.2923.