Depreciation of EUR/USD pair was too powerful to be stopped above the 200-day SMA at 1.2740. On Friday session, the price had increased, but after that retreated even lower with a bottom at 1.2689. Currently, the price steps higher and if the 200-day SMA forms a sufficient resistance to keep the price beneath it, there is very possible to see
The interim uptrend, which started a week ago, has failed to continue, as today the XAU/USD exchange rate experienced a slight bearish reaction, and at the particular moment the price is slowly moving towards the 20-day SMA at 1712, which will probably stop the current downtrend, however, if it is breached, then the exchange rate might drop until the weekly
The bearish tendency, which started two days ago, has successfully managed to continue, as today GBP/JPY experienced another significant bearish movement, and now the currency couple confronts the lower Bollinger band at 125.98, which is very likely to reverse the prevailing tendency, however, if it fails to slow down the downtrend, then the price might reach the weekly S3 at
The interim uptrend, which started a couple of days ago, has failed to continue, as the EUR/CAD currency pair bounced off the 200-day SMA, and at the particular moment the currency couple is gradually heading towards the monthly S1 at 1.2685, which will probably slow down the downtrend. In case it fails to stop the current tendency, then the price
Today the EUR/AUD currency couple experienced another consequent movement downwards, therefore supporting the downtrend, which started more than a week ago. As for now the currency pair is slowly approaching the lower Bollinger band at 1.2159, which is expected to stop the prevailing tendency. In case it is broken, then the price might reach the monthly S2 at 1.2104, which
After few amazingly bearish day pair managed to pick up after receiving bullish impetus from weekly pivot (S2) at 0.8132. Although recovery of the pair was rather strong, but it is much more likely pair will be driven by market sentiment and new trading week will start with an attempt to fall below Bollinger band.
After unsuccessful attempt last week, pair is attempting to reach new high and finally breach parity condition. However, as technical indicators suggest, new week should start with a major dip, but with the help of 20-day SMA, pair should remain above 0.995.
Pair has been demonstrating very choppy sessions almost for a full week. Not an exception is this day as pair has been very volatile and was contained only by 20 bar SMA in lower end and by Bollinger band in higher end. Due to neutrality in majority of indicators it is likely we will see similar sessions in the new
Pair has been depreciating for almost whole week. We should see some recovery in the new trading week, but it is very hard to predict pairs development after that as technical indicators are giving rather neutral outlook. However, a dip below 100 JPY level seems impossible.
Yesterday's trading session in USD/JPY pair started at 80.00, there was a few swings below the level with tops very close to a 80.00 level benchmark. However, the final movement was a rapid decrease till the 79.36 level, where the 200-day SMA goes. This area provided a sufficient support power to stop a depreciation, therefore the price is currently increasing.
Yesterday USD/JPY pair stepped even higher topping a new peak, but closed slightly lower at 0.9464, where historical support/resistance levels converge. Today the price shows negative performance, but the trouble for a further decrease stays the 200-day SMA at 0.9450. If the price passes this level, a depreciation will increase its momentum. In this case, possible support levels will be
Yesterday GBP/USD pair formed a Long Legged Doji candle, which has no body just long shadows on both side. This type of candlestick pattern tempts about a balance of strong opposite forces and a possible trend's reversal. Today we can see the price appreciation, which is likely to turn in a more sustainable uptrend. Resistance level might be considered as
Yesterday EUR/USD stepped lower than the previous day's bottom, but in the end of the U.S. trading session retreated and finished a day closing at the 200-day SMA line at 1.2740. Today the price increases and approaches the weekly S1 level at 1.2752. As we had the RSI value of 32 yesterday, it is very likely to see positive correction
The bullish tendency, which started less than a week ago, has successfully managed to continue, as today the XAU/USD exchange rate experienced another consequent movement upwards, and now the price is slowly approaching the monthly PP at 1738, which might bring some bearish momentum. In case it fails to slow down the rally, then the exchange rate is very likely
The bearish trend, which started yesterday, has successfully managed to continue, as today the GBP/JPY currency pair experienced a slight bearish reaction, and at the particular moment the currency couple is gradually heading towards the weekly S1 at 127.45, which is expected to slow down the downtrend. In case it is breached, then the currency pair might reach the 55-day
"Combined with the previously reported low inflation print for Q3, the RBNZ may consider further cuts to the already low cash rate and NZD intervention may also be a consideration"- HSBC (based on Reuters)Pair's OutlookYesterday NZD/USD demonstrated untypical for itself volatility by plummeting 78 pips. Moreover, today the dip is being extended as well, since none of the nearest supports
Trading range of USD/CAD gradually widens, while the pair establishes a bullish tendency it is likely to adhere to in the long-term. Nonetheless, this scenario is not viable as long as the 200-day weighs upon the price and impedes growth. Consequently, we need a strong sustainable rally above 1.0001/10 to be sure in positive outlook, but until then a struggle
AUD/USD has already touched an upper edge of a bearish channel and may soon commence sliding down and thus follow the general trend. However, it may linger near the currency levels, as indicated by technical studies. The initial support is to be found at 1.0398, whereas a more reliable area is situated slightly lower, it stretches from 1.0380 (100-day SMA)
After an encounter with a crossing of an up- and a down-trend lines EUR/USD had more than enough bearish inertia to pierce through support at 102.63, although with a little bit of effort. The pair intends today to close below the 55-day SMA and at the moment is headed towards the 200-day SMA at 101.36/30 and a bullish trend-line at 100.89/44,
The bullish correction, which occurred yesterday, has failed to continue, as the EUR/CAD currency couple rebounded from the 55-day SMA at 1.2733, and at the particular moment the price is slowly heading towards the monthly S1 at 1.2685, which might slow down the downtrend. In case it is broken, then the currency pair is very likely to reach the lower
The interim bearish tendency, which started more than a week ago, has successfully managed to continue, as today EUR/AUD experienced another consequent movement downwards, which has managed to breach the weekly S2 at 1.2255, and now the currency couple is heading towards the lower Bollinger band at 1.2183, which is expected to change the direction of the prevailing downtrend, however,
Yesterday USD/CHF pair closed next to the weekly R1 level at 0.9461 and this level has stopped the price increase, at least for a current moment. Presently, the price has slightly pulled back and is just on the 200-day SMA level at 0.9448. As the price tries to settle above this moving average line, the RSI indicator on a H4
A daily graph shows, that yesterday's candle closed indicating a negative performance, but more important is that the closing point was exactly at the 80.00 level. Accordingly, if today USD/JPY closes below this level, we could say that the price has settled beneath it and is ready to test new support levels. That would be 79.63, the weekly S1, and
GBP/USD pair also showed a high volatility, as yesterday the price increased to 1.6030 and after that, in the second trading session part, sharply depreciated, braking the previous bottom at 1.5957. Currently, the price fluctuates in the lower Bollinger part on a daily graph, between the 20-day SMA and the lower line, that indicates that this currency pair still maintains