The bullish trend, which occurred yesterday, failed to continue, and the XAU/USD exchange rate rebounded from the weekly PP at 1714. As for now the price is gradually approaching the monthly S1 at 1704, which might slow down the current movement downwards. If it is broken, then the exchange rate is very likely to reach the lower Bollinger band at
The downtrend, which started a couple of days ago, has successfully managed to continue, as today the GBP/JPY currency couple experienced another bearish reaction. At the particular moment the price is slowly heading towards the 20-day SMA at 126.98, which will probably bring some bullish impetus. In case it is breached, then the currency pair might reach the 200-day SMA
The bullish correction, which occurred yesterday, did not manage to continue, as today EUR/CAD experienced a bearish reaction, which has already managed to breach the weekly PP at 1.2909. As for now, the currency couple is slowly moving towards the 20-day SMA at 1.2809, which will probably stop the downtrend. In case it fails to slow down the current tendency,
The interim bearish tendency, which started more than a week ago, successfully managed to continue, as today the EUR/AUD currency pair experienced another consequent movement downwards, and at the particular moment the currency couple is about to test the 55-day SMA at 1.2463, which is likely to bring some bullish impulse. In case it is breached, then the price might
Pair tried to advance right from the beginning of the week, but crumbled already at the first stop at Bollinger band. It did not manage to recover even since and it seems that it is at current levels only due to the fact it is being supported by a cluster of levels. If it breaches it we are almost certain
Pair started weekly rather confidentially and at the moment is trying to breach 200 bar SMA/parity condition. Pair should manage to step up higher without much of an interference. Real question is how long it will manage to stay there. Although technical indicators on aggregate give neutral signals, but Stochastic indicator suggests we might be on a brink of bearish
Pair did not manage to brake 100 bar SMA boundaries and is posing for a serious dip while being supported only by weekly pivot (PP). Pair should depreciate some more, with next serious stop being at 1.03 where we should find 20 bar SMA once pair gets there.
Pair started peek rather passively hovering in 20 pip range. Today It tried to depreciate to 102.5, but climber back to 103 JPY after receiving a bullish impetus from 20 bar SMA. It is likely pair will step up some more and regain some of last weeks losses as monthly R1 and weekly PP should not be much of trouble.
USD/CHF pair continues to appreciate with a target at 0.9380/0.94 area, where a lot of resistance levels go. Last Thursday the price was already pulled back from this zone with a peak at 0.9387. But to prepare for a proper price settlement in this zone, it has to reach this level and close a D1 candle around this area, what
USD/JPY pair rebounded from 80.22 level, as a positive impetus was already too weak to break the monthly R2 level, therefore the price experienced a correction and currently is traded at 79.68, where 200-day SMA goes. So, if the price settle above this line, it is very possible to see a further price appreciation.
As we expected last week, GBP/USD pair reversed its movement and pulled back from a 1.6120 level down. If the currency pair continues to decrease the next support level will be around a 1.6065/50 area, where crosses the 20-day and 55-day SMAs and the weekly PP. On the other hand a long-term price decrease becomes more flatter and indicates a
A new week starts with a slight decrease of EUR/USD pair, as the price settled beneath the upside trend, which began on 25th of July. Currently the price is very close to the 55-day SMA at 1.2878. The next support level would be 1.2840, where are the Bollinger band and the weekly S1, monthly PP levels. However, currently this pair
Pair is trying to breach Bollinger band boundaries after receiving a bullish impetus form 20 bar SMA at 0.8177. Although this seems to be a rather strong push and even if pair breaches Bollinger band it should not manage to advance far above 0.824.
Pair is ferociously trying to advance above 1.04, however, monthly pivot (PP) does not allow it to do so and every time pair returns to 100 bar SMA for the time being. New week should not be much of a different—pair should continue appreciating by 10-20 pips in a session. Situation should become completely different once pair breaches monthly pivot
Finally pair is starting to give clearer directional signals and is currently testing monthly (R1) at 0.9963. Pair should manage to step up a bit further, but things should become rather complicated once it approaches parity condition—we are likely to see significant dip there.
Pair did not manage to advance far above 104 and received a bearish impetus slightly before first resistance level at 104.55. It depreciated by slightly more than 150 pips since then and at the moment is hovering around 103 JPY mark supported by weekly pivot (PP)/20 bar SMA. Pair should step up a bit higher and return back to 103–104.5
Today the XAU/USD exchange rate experienced another bearish reaction, therefore supporting the interim downtrend, which started more then two weeks ago. As for now, the exchange rate confronts the weekly S1 at 1703, which might slow down the prevailing bearish tendency. In case it is breached, then the price is very likely to reach the lower Bollinger band at 1681,
The bullish trend, which started a couple of days ago, has failed to continue, as today GBP/JPY rebounded from the upper Bollinger band, and at the particular moment the currency pair is slowly approaching the weekly R1 at 128.16, which might bring some bullish impulse. If it is broken, then the currency couple will probably reach the 20-day SMA at
The bearish reaction, which occurred yesterday, successfully managed to continue, as today the EUR/CAD currency pair experienced another slight bearish reaction. As for now, the currency couple is heading towards the weekly PP at 1.2850, which might bring some bullish impetus. In case it is breached, then the price is likely to reach the 200-day SMA at 1.2758, which in
Today the EUR/AUD currency couple experienced another consequent movement downwards, which has already managed to overcome the weekly S2 at 1.2499, and at the particular moment the currency pair is about to test the 200-day SMA at 1.2422, which is very likely to stop the prevailing bearish tendency. However, if it fails to slow down the movement downwards, then the
As from today's point of view, USD/CHF forms a down sloping channel, where an upper line could be around a 0.9380/0.94 level, where the 55-day SMA goes and the Bollinger line lies. However, currently, the price is at 0.9360, at the weekly PP level, but it should step higher, as more important levels are situated around a 0.94 zone.
This week was very volatile for USD/JPY pair, as the price increased from 78.20, being a lot for this currency pair. Currently, the price is showing a negative impetus, as yesterday was not able to brake a 80.22 level, where the weekly and monthly R2 levels lie. Some correction is just mandatory, as all time frames show that the price
Yesterday's GDP data of the United Kingdom pushed the price sharply up, reaching 1.6120 level, where the price was trying to approach the weekly R2 level. Generally, the price has not broken the ongoing down-trend, as price peaks do not exceed the previous ones and bottom points consecutively take place at lower levels. According to this logic, there might be
Seems that EUR/USD pair settled beneath the uptrend line, as yesterday the price has touched the weekly PP level and uptrend line at 1.3017 and sharply pulled back. This movement has formed a decreasing candle with a long shadow on it. Although the triangle pattern is broken, the price might still form a downward sloping channel with a lower line