Today the XAU/USD exchange rate experienced another bearish reaction, therefore supporting the interim bearish trend. As for now the price is about to test the monthly S1 at 1704, which might stop the prevailing downtrend. In case it is broken, then the exchange rate is very likely to reach the lower Bollinger band at 1696, which is expected to reverse
Yesterday's bullish advance has failed to continue, as the GBP/JPY currency couple rebounded from the upper Bollinger band, and at the particular moment the currency pair is heading towards the weekly PP at 126.85, which might bring some bullish impetus. If it is breached, then the price might reach the 200-day SMA at 126.21, which will probably change the direction
The interim bullish tendency, which started more than a week ago, has failed to continue, as today EUR/CAD experienced a significant bearish decline. At the particular moment the currency pair confront the weekly PP at 1.2850, which might slow down the downtrend, however, if it is broken, then the price will probably reach the 200-day SMA at 1.2762, which in
The bullish trend, which started a couple of days ago, has failed to continue, as today the EUR/AUD currency pair experienced a slight bearish reaction. As for now, the price is slowly approaching the weekly S1 at 1.2567, which might bring some bullish impulse. In case it fails to stop the downtrend, then the currency couple is very likely to
Pair tested cluster of resistance levels at 0.8181/91, however unsuccessfully and currently is hovering above 0.8108/0.8098. Such strong bearish impetus is likely to eventually depress pair even further, but for the time being we should see a minor recovery to 0.8133 or maybe a bit higher.
For the second day in a row pair is fluctuating sharply—in 50 pip range yesterday and in 75 pip range today. For the time being 0.99 seems to be the area which supports pair, but, taking in to account reading of technical indicators, this should not last long and eventual dip to 0.9833/21 is imminent.
Pair tried to step up at the beginning of the week, but did not manage to advance far above 1.03 and currently is trading at 1.0265. For the moment it is stuck between 20 bar and 200 bar SMA, but bearish momentum is likely to depress pair to 1.02.
Pair started week very confidently, but did not manage to breach resistance levels at 104.50/55 where it received a strong bearish impetus and currently is trading at 103.5. Pair does not seem to have more potential left and is very likely to fall below week opening level around 103/103.13.
USD/JPY starts this week very confidently and firmly, as the price breached 80 Yen per Dollar mark, bringing currency course to the 3-month high. After Asia trading session, exchange rate has stabilized around 0.7996 level, but, however, it is very likely that it will reach 80.18, where the monthly R2 lies. Technical indicators show first signs of overbuying USD/JPY, as
Monday trading session was very calm in GBP/USD pair, as it fluctuated in a narrow 50 pips range. The lower channel line lies at 1.5995 level, where we have three bottoms since September 10th and it is very possible, if the price settle below this level, we will see a more serious downside impulse. In this case, the next support
EUR/USD pair, after rebounding to 1.3024 support level, slowly moves up towards 1.3115 resistance zone and forms a triangle pattern with an uptrend line since October 1st and the horizontal upper line at 1.315/35. The triangle pattern usually brakes through the upper horizontal line with a strong impulse. This idea is also supported by the daily and weekly technical indicators
USD/CHF starts this week staying in a narrow channel bounded with 0.9280 and 0.9260 lines. Although, most of indicators still show a sell signal, but it seems that price has found a more serious support zone. Therefore, the price starts to consolidate, in order to prepare for a correctional upside impulse. However, it is very hard to say, when the
The interim bearish tendency, which started a couple of days ago, has failed to continue, as today the XAU/USD exchange rate experienced a bullish correction. As for now, the exchange rate is about to test the weekly PP at 1728, which will probably bring some bearish momentum. In case it fails to stop the downtrend, then the price is very
Today GBP/JPY experienced a significant bullish correction, which has already managed to breach the weekly PP at 126.85, and at the particular moment the currency pair is facing the upper Bollinger band at 128.20, which is expected to slow down the uptrend. In case it is broken, then the currency couple is likely to reach the weekly R2 at 129.53,
The interim uptrend, which started more than a week ago, successfully managed to advance further, as today the EUR/CAD currency pair experienced another bullish advance. At the particular moment the currency couple confronts the upper Bollinger band at 1.3017, which is expected to reverse the direction of the current movement. However, if it fails to slow down the rally, then
The bullish tendency, which started yesterday, successfully managed to continue, and today the EUR/AUD currency couple experienced another slight bullish correction. As for now, the price is slowly approaching the weekly PP at 1.2649, which might bring some bearish momentum. In case it is broken, then the currency couple is likely to reach the monthly R2 at 1.2740, which in
For the past week pair has not spent much time below 0.8150 which suggests a presence of support area around there. At the moment pair is additionally supported by weekly pivot (PP) and is trying to advance above cluster of resistance levels at 0.8181/91. However, this scenario is unlikely as market sentiment and technical indicators point at increased downside risk
Pair is rather volatile today as it fluctuates between 0.9963/17 for the whole day. At the moment it is supported by Bollinger band/ 100 bar SMA, but it is very likely that pair won't last long and will collapse to 0.99/0.9885, before eventually recovering.
After depreciating for the last three days last week pair recovered after hitting weekly PP at 1.0305. However, pairs further advancement is rather questionable as 100 bar SMA at 1.0357 likely to push pair below 1.03, to 1.0278/69 area.
Pair started week by receiving a very strong bullish impetus from 103.13/103 area and is currently testing Bollinger band/weekly pivot (R1) after appreciating more than 130 pips today. In the nearest futures pair should slow down the pace, but readings of technical indicators allow us to believe that general trend will persist.
Last week's USD/CHF pair appreciation was stopped by 0.9288/92 support level and currently price shows a depreciation impetus and retreats back, probably to test the previous bottom. As the price has not reached an important historical support level at 0.9200 and RSI value is still higher than 30, there is a very high probability to see a price decrease.
Friday trading session showed some consolidation sighs and a pace of appreciation slowed down, but from the very beginning of a new week, USD/JPY continues to surge and have already reached 79.65 price level. Looking from a historical perspective, 79.56/74 zone has always maintained strong resistance levels, therefore there is very likely that USD/JPY will show a stronger correction impetus
As we can see from the daily graph, GBP/USD pair faces a huge pressure from above and any price increase is quickly pushed back. Currently the price found the resistance level at 1.5995, where a historical support zone lies. A further decrease is possible and GBP/USD might reach 1.5895/60 zone, where the monthly and the weekly support levels lie. On
EUR/USD pair retreated from the last week's high on Friday trading session and indicated about a strong resistance level around 1.3115/35, but this morning the price has found the resistance at 1.3024 and appreciates from it on early trading session. As most of indicators tempt about a possibility to open a long position and RSI has not reached a value