Today the XAU/USD exchange rate experienced a slight bullish correction, which managed to stop the interim downtrend. As for now, the exchange rate is slowly approaching the weekly PP at 1728, which might bring some bearish impetus. In case it fails to slow down the rally, then the price is very likely to reach the 55-day SMA at 1736,
The bullish trend, which started yesterday, successfully managed to continue, as today GBP/JPY experienced another significant bullish advance. As for now the currency pair is about to test the weekly R2 at 129.53, which might bring some bearish momentum. In case it is broken, then the currency couple might reach the weekly R3 at 130.85, which is very likely to
After receiving a bearish impetus from Bollinger band/100 bar SMA at 0.8110 pair has advanced a bit more than 120 pips in past few days. With such pace pair is rapidly approaching oversold condition (if it is not there yet) and, as technical indicators points out, we should see at least a bearish correction in the near future.
For the whole week pair has been rather volatile (boundaries Bollinger bands increased by 1/3, or 63 pips) but pair has been range bound between monthly pivot (R1) at 0.9963 at 0.99. It is likely situation wont change much till the end of the trading week, but technical indicators on weekly horizon lets us believe that 100 bar SMA might
After push from 20 bar SMA pair has been appreciating uninterrupted and it seems it is preparing to advance above 1.04 mark. Attempts like this can be seen on 1st of October (right after pair dropped below mentioned level) and 18th of October. However, lack of evidence speaking for succession allows us to believe it will not manage this time
Pair has been appreciating ever since unsuccessful attempt to fall below 103.13/103 area. At the moment it seems it is preparing for one more attempt to advance above 104.55. Although technical indicators suggest pair might succeed this time it should not stay above the mentioned level for long as Bollinger band is likely to stop pairs advance.
The bullish correction, which occurred yesterday, did not manage to continue, as today the EUR/CAD currency couple experienced a slight bearish reaction, and at the particular moment the price is gradually heading towards the weekly PP at 1.2850, which might bring some bullish impulse. In case it fails to stop the downtrend, then the currency pair is likely to reach
The bearish trend, which started a couple of days ago, has successfully managed to continue, as today the EUR/AUD currency pair experienced another slight movement downwards. At the particular moment the currency couple confronts the lower Bollinger band at 1.2499, which is expected to reverse the prevailing bearish tendency. In case it is breached, then the price might reach the
Today we can see that USD/CHF pair yesterday's session finished with a candle without a body, which indicates that the market's trend might be losing momentum. Also, candle has long shadows on both sides, the so-called long-legged candle, thus showing a reverse of a trend. Therefore, it is very likely to see a change of a trend's direction, as a
After a short brake, USD/JPY continues its upside rally and during Asia's trading hours reached a new high at 80.16. In a very close distance from the new peak, strong resistance level is based, which consists of the weekly R2 and monthly R2 lines. As the price appreciated so rapidly and in a D1 graph the RSI indicator shows a
As GBP/USD pair found a support level at 1.5932 during a yesterday session, the price has reversed from it and currently is moving back north. It has breached the 1.5995 level quite easily and now is testing the weekly PP line and the 55-day SMA at 1.6055. If the price continues to appreciate, the next resistance level will be considered
EUR/USD price cannot find a direction for a new trend, therefore easily fluctuates beneath a ceiling at the 1.3020 level. From a bottom side, the price is bounded by a bullish tendency, which started on July 24th. Currently, the price is approaching this upside trend line and trying to settle below it, this would bring a price sharply lower, as
Today the XAU/USD exchange rate experienced another consequent bearish decline, therefore supporting the interim bearish trend. As for now, the exchange rate is about to test the lower Bollinger band at 1703, which is expected to change the direction of the prevailing downtrend. In case it is broken, then the price might reach the weekly S1 at 1690, which in
The bearish reaction, which occurred yesterday, did not manage to continue, as today GBP/JPY experienced a significant bullish correction, and at the particular moment the currency couple is gradually approaching the weekly R1 at 128.16, which might slow down the rally. In case it fails to stop the uptrend, then the price is likely to reach the upper Bollinger band
The bullish trend, which started yesterday, managed to continue, as today the EUR/CAD currency couple another bearish reaction, which has already managed to break the weekly PP. As for now the price is heading towards the monthly R1 at 1.2820, which might bring some bullish impetus. If it is breached, then the currency pair is very likely to reach the
The bearish tendency, which started yesterday, successfully managed to continue, and today the EUR/AUD currency pair experienced a significant bearish reaction. At the particular moment the currency couple is about to test the lower Bollinger band at 1.2499, which is expected to stop the current movement downwards. In case it is breached, then the price will probably reach the weekly
After depreciation 70 pips pair did no manage to breach 0.8116/0.8098 are where it receiver strong bullish impetus and at the moment is testing weekly pivot (PP) at 0.8164. This level might provide some resistance, but should not be hard of a task for pair making 0.8177/81 are the next target, which will be much tougher target.
After few rather volatile days pair seems to be showing clear directional signals and earlier in the session today attempted to fall below 0.9985. Although weekly pivot (PP) did not surrender at first it is likely pair will attempt once more tomorrow after what we should see a dip to 0.9838.
After plummeting by 70 pips yesterday, pair has recovered exactly the same amount today and is hovering slightly above yesterdays opening level at 1.0347. Gap between closest support and resistance levels leaves a lot of space for maneuvering. Combined together with neutral market sentiment it lets us to believe that pair might be range bound for some time.
Pair started week positioning itself for major gains, but after loosing all of it yesterday has stabilized and at the moment is hovering around 103.5. Although technical indicators send combined buy signal, it is worth taking in to account the number of neutral signals which allows as to believe that pair might be driven mostly by market sentiment and pair
In yesterday's trading session USD/CHF has retreated from 0.9262 support level and sharply appreciated, with a peak at 0.9330. USD/CHF pair fluctuates in a downward sloping channel together with neutral technical indicators, therefore it is very possible that the price is consolidating and preparing for a high timeframe impulse. If the channel idea is true, it is likely to see
Yesterday USD/JPY pair was slightly depreciating, as it found a sufficient resistance level at 79.99, which is a historical level from a previous spring. As the price recently showed a rapid increase and RSI in D1 graph reached a value of 76, it is very natural that price falls in some correction. However, it very hard to say, how the
Yesterday GBP/USD pair broke through 1.5995 support level and slipped to a 1.5932 zone, where the weekly S2 goes. As the currency pair shows sighs of depreciation, it is very likely that currency pair will reach at least 1.5880/1.5860 zone, where the historical support levels and the monthly S1 and weekly S2 lie. On the other hand, since the peak
EUR/USD pair experienced a strong downside impetus during yesterday trading session. The previous support level at 1.3024 was unable to maintain an impulse power and currently the price is around a 1.2970 level. Also, the exchange rate is breaching uptrend line, which was started on July 24. If the price settles below this line, it is very likely to see