The bullish correction, which started yesterday, successfully managed to continue, as today the XAU/USD exchange rate experienced another bullish advance. As for now, the price is heading towards the 20-day SMA at 1731, which might slow down the current rally. In case it is breached, the the exchange rate will probably reach the 55-day SMA at 1740, which in turn
Today the GBP/JPY currency couple experienced a significant bullish advance, which has already managed to breach the monthly R1, and at the particular moment the currency pair is slowly approaching the upper Bollinger band at 129.78, which is expected to stop the prevailing uptrend. In case it is broken, then the price might reach the weekly R2 at 131.07, which
Today EUR/CAD experienced another consequent bullish advance, therefore supporting the interim bullish trend, and now the currency couple is about to test the weekly PP at 1.3016, which might bring some bearish momentum. In case it fails to stop the current tendency, then the price will probably reach the upper Bollinger band at 1.3099, which in turn is expected to
Today the EUR/AUD currency pair experienced another slight bullish correction, and at the particular moment the currency couple is gradually approaching the monthly R1 at 1.2555, which might slow down the prevailing rally, however, if the support level is breached, then the price is very likely to advance even further until the 20-day SMA at 1.2584, which in turn will
For the past 6 trading days pairs moves were mostly within 20 bar SMA-upper Bollinger band boundaries. Suspicions that pair is range bound became even stronger yesterday, and, especially, today as pairs moves were no larger than 38 and 28 pips respectively. It does not seem that we will see much of a difference in the near future as well.
Pair dipped to 0.996, where it received a bullish impetus from monthly and weekly pivot points, R1 and PP respectively, and returned slightly above parity condition. Pair should not manage to maintain its current stand for long and we should see a bearish correction very soon. Such turn of events is predicted by the Stochastic indicator as well.
Pair once again tried to advance, but did not manage to stay above weekly pivot (PP) at 1.0378 for long. At the moment it is hovering slightly below 100 bar SMA at 1.0367. It might be that pair will try to step up once more, but it becomes evident that bearish dip, pointed out by Stochastic indicator, is just around
After bouncing from 102.20 pair is continuing its rally. On the way it breached weekly pivot and now set eyes on 104/104.11 area. Technical ideas support the idea that pair should advance further but it is highly unlikely it will stay above 104 JPY for a long time.
USD/CHF pair yesterday accomplished a small correction from touching the 55-day SMA at 0.9374 and pulling back till 0.9300. However, the price settled above the 20-day SMA and currently tries to overcome it. If this is successful, the price will depreciate till 0.9276, where the weekly S1 and historical levels go.
As yesterday USD/JPY pair experienced a spike down after the Japanese central bank decision on easing policy, the price has retreated and closed just above the 200-day SMA level. Today the prices continues decrease and approaches same level at 79.61. If this movement is successful, than we might expect a further price decrease and 79.07/12 level testing.
As we predicted yesterday, GBP/USD retreated back and is around a 1.6075/85 level, where the 55-day SMA and the monthly PP levels go. Now the situation and a further movement depends on which side of this level the price will settle. Next resistance levels are: the Bollinger band at 1.61450 and the downtrend line with the weekly R1 line at
As we can see from a graph, the 200-day SMA level at 1.2900 was strong enough to stop a EUR/USD decrease and push the pair up to check the 1.2963/73 area, where the 20-day SMA and the weekly PP lie. However, this currency pair forms a taper triangle with a narrowing range of fluctuation, together with all time frames RSI
Today the XAU/USD exchange rate experienced a small bullish correction, and now the price confronts the weekly PP at 1714, which is very likely to bring some bearish impetus. In case it is breached, then the exchange rate will probably reach the 20-day SMA at 1733, which in turn might stop the current movement upwards. Additionally, the overall indicator outlook
The bullish trend, which started a couple of days ago, has failed to continue, as today GBP/JPY experienced a slight bullish advance, and at the particular moment the price is about to test the weekly PP at 128.16. In case it is broken, then the currency couple might reach the upper Bollinger band at 129.65, which in turn will probably
Today the EUR/AUD currency couple experienced a slight bullish correction, as the price rebounded from the 55-day SMA, and at the particular moment the currency pair is gradually heading towards the monthly R1 at 1.2555, which will probably bring some bearish momentum. In case it fails to stop the uptrend, then the currency couple might reach the 20-day SMA at
The bearish reaction, which occurred yesterday, failed to continue, as today the EUR/CAD currency pair gained some bullish momentum. As for now the currency couple is heading towards the weekly R1 at 1.3016, which is likely to stop the uptrend. However, if it is breached, then the price might reach the upper Bollinger band, which in turn is expected to
It has been third trading session in this week and it seems that pair might be range bound (0.8185/79-0.8236) this week. As technical indicators don't give any conclusive signals probability of such scenario becomes even higher.
Although pair managed to advance above parity condition, its stay there was rather brief. Pairs future is rather uncertain since lot of mixed signals are coming form the fact that pair is at the intersection of two major technical levels (parity condition and 200 bar SMA) at the moment. This can be seen from technical indicators making pairs move to
After depreciating for a few days pair did not manage to fall below weekly pivot (PP) at 1.0327 and was pushed back above 100 bar SMA. At the moment it is testing monthly pivot (PP) at 1.0378, which might cause some minor troubles;, but not for long. Much harder task will arise once pair approaches 1.0419/21.
Pair dropped way below 103 JOY mark today, but unexpectedly was stopped by weekly pivot (S1) at 102.20. This bullish impetus helped pair to climb back and currently it is testing weekly pivot (PP) at 103.39. Stochastic indicators lets us believe that this rally should continue further next stop being at 104 JPY.
USD/CHF pair loses its moving momentum and today the price has bounced down from a 93.61 level, also touching the 55-day SMA at 93.75. As the price eases its appreciation pace, we might expect some correction till near support levels around 0.9330, the 20-day SMA and weekly PP. After this the price might surge and check 0.94 level properly.
Yesterday USD/JPY pair rebounded from the 200-day SMA at 79.65 and moved up to the weekly PP at 79.75. Currently, pair made a spike down amounting to 50 pips. If this sharp movement is sustainable, then the next support might be met at 79.06/14, where the monthly R1, weekly S1 and 20-day SMA go. If it is just a short
As yesterday's price drop broke through the 20-day SMA and the weekly PP so easily, today the price slightly retreats back and looks for a resistance around there. If it is found, it is very likely that the price will decrease further and reach 1.5951 level, where the lower Bollinger band lies and the weekly S1 goes. If the alternative
EUR/USD pair continues to move south and has already reached the 55-day SMA at 1.2893. This level is the only one, which might accumulate some support for a pair's current depreciation, therefore it is very possible that the exchange rate will extend it decrease till the Bollinger band at 1.2827 or even till 1.2762, where the weekly S2 and the