Pair tried to pickup back above 0.82, but did not manage to breach first resistance barrier at 0.8206/09. Currently it is stuck between support and resistance levels at 0.8185/77. If pair wont get bullish impetus from weekly PP there is rather strong probability we will see a dip to 0.8116/08 or 0.8095/832 early in the next week.
After being range bound almost for a week pair received a surprisingly strong bullish impetus from weekly pivot (PP)/monthly pivot (PP) at 0.9798/94 and has been appreciating ever since. Currently pair is hovering slightly above 99 cent mark and is setting eyes on 0.9935/44. If pair manages to breach this level, it should not have difficulties to move closer to
After strong bearish impetus from 1.04 yesterday, pair continued to depreciate today. Taking in to account readings of technical indicators and strength of technical levels, it becomes evident that pairs dip to 1.03/279 is very likely. Dip below this level is rather likely as well, due to rapid gains in last few days which might indicate that pair reached overbought
As predicted pair tried to reach new high, but did not manage to breach cluster of resistance levels at 103.65/104.05 for long and is currently hovering slightly above 103.13/103, after peaking to 104.139. This rebound should continue at the start of new weak where pair should drop to 102.57/47 maybe even 101.82/61 in first few days.
Today the XAU/USD exchange rate experienced a slight bearish reaction, therefore supporting the interim bearish tendency, which started more than a week ago. As for now, the price confronts the 55-day SMA at 1728, which might bring some bullish impulse. In case it is breached, then the exchange rate is very likely to reach the lower Bollinger band at 1720,
The bearish reaction, which occurred yesterday, successfully managed to continue, as today GBP/JPY experienced another decline, and at the particular moment the currency couple is slowly moving towards the weekly R1 at 127.08, which is likely to bring some bullish impetus. If it fails to stop the downtrend, then the price will probably reach the 200-day SMA at 126.25, which
Today the EUR/CAD currency couple experienced another bullish advance, therefore supporting the interim uptrend. As for now, the currency pair is about to test the weekly R3 at 1.2891, which might slow down the rally. In case it is breached, then the price might reach the upper Bollinger band at 1.2916, which in turn is expected to change the direction
The bearish tendency, which started a couple of days ago, has managed to continue, as today the EUR/AUD currency pair has experienced another consequent decline, which has already managed to breach the 20-day SMA at 1.2603, and now the price is gradually heading towards the monthly R1 at 1.2555, which might bring some bullish impulse. In case it is broken,
USD/CHF pair found a strong enough support level at 0.9228 to form a channel with an upper line at 0.9241. Currently the price is around the upper channel line, where the monthly S1 lies and is trying to brake through it. RSI value is very close to a 30 mark, but is still not reached, thus it is very possible
USD/JPY has slowed the pace of appreciation, but still stays on the upside track and advances further. As the currency pair overcame 79.06/13 resistance level, it is very possible to see the price testing 79.56/74 in the near future. However, that might be done after some swings, because RSI has a value of 68.9 in a D1 graph and 70.2
As GBP/USD was not able to brake through 1.6115/35 resistance level a few days ago, thus the price was forced to sharply retreat back and test lowers support levels. The current price is 1.6060 and fluctuates around the weekly PP. If this level is not sufficient to support the price retreatment, the next support zone will be at 1.6004/1.5970, where
The previous high's resistance zone at 1.3115/35 was too strong to be broken through at the first time, thus EUR/USD price retreated back and currently is traded at 1.3070. There is a high probability that the price will check the next support level and after that prepare for the second attempt to brake the September's high.
The downtrend, which started yesterday, successfully managed to continue, as today the XAU/USD exchange rate experienced another movement downwards. As for now, the price is heading towards the monthly PP at 1746, which might bring some bullish impulse. If it fails to stop the movement downwards, then the exchange rate might reach the 55-day SMA at 1726, which in turn
The interim bullish trend, which started less than a week ago, successfully managed to continue, as today GBP/JPY experienced another bullish advance, and at the particular moment the currency couple is about to test the upper Bollinger band at 127.95, which is expected to change the direction of the current movement upwards. In case it is breached, then the currency
Pairs recovery was interrupted by resistance levels at 0.8209. However, technical indicators and expectations of major market participants allow us to believe this is just a temporary setback and pairs advancement further, closer to 0.83 mark to be specific, is very likely in the medium term.
Choppy sessions continues as pair remains range bound between Bollinger bands at 0.975 and 0.986. Although impetus for the pair can come from any side, technical indicators force us to believe that as downside risk increases, dip at least to Bollinger band is almost imminent.
Pair extended its yesterdays gains early in the session today, but received a push from 1.04 and currently is stuck between weekly pivot (R2) at 1.0365 and monthly pivot (PP) at 1.0378. Pair might attempt to advance above 1.04 once more, but resistance coming from weekly R3)/Bollinger band at 1.0434/38 should push ir back to 100 bar SMA or even
Pair advances further and is currently trying to advance above 17th of September high at 103.87 while being supported by weekly pivot (R2) at 103.65. Although technical indicators point at further advancement of the pair in medium horizon, Stochastic indicator suggest we should see a bearish correction in the nearest future which should conclude with a dip to 103 JPY
The downtrend, which started yesterday, successfully managed to continue, as today the EUR/CAD currency couple experienced another consequent bearish reaction, which has already managed to breach the monthly R1 at 1.2820. As for now the currency pair is facing the weekly R2 at 1.2800, which might bring some bullish impetus. If it is breached, then the price might reach the
Yesterday's bearish reaction managed to fully cover the bullish bar, which occurred a day before, therefore indicating for a possible short term trend reversal. Today the EUR/AUD currency pair experienced another movement downwards, and at the particular moment the currency couple confronts the 20-day SMA at 1.2595, which might slow down the prevailing tendency. In case it is broken, then
USD/CHF pair experienced a consolidation during the yesterday's trading session, when price was stuck on 0.9228 support level. As the price breached the lower Bollinger band line, together with RSI value of 35, it is very likely to see some correction impetus in this currency pair soon. A possible resistance level for that would be 0.9292.
After yesterday's correction till the downtrend line at 78.69, the price has bounced back and still preserves a positive impetus. Price is very close to the one-month high, but is hold by a weekly R2 level at 79.13 to go further. In case the currency pair brakes it, next resistance level will be around 79.56/74, where the 200-day SMA and
GBP/USD pair has stuck in a 1.6112/35 resistance zone, as yesterday seemed that price has broken through this level, but on London trading session turned around and went back to a flat channel. As GBP/USD lost its volatility in the last few trading sessions, there is very possible to see a large time frame impulse in the near future. However,
EUR/USD pair consolidated during yesterday's trading session, which also showed that the previous high's resistance zone at 1.3100/30 is strong enough to hold a new upside impetus. Although the price stays in a shadow of the previous high, but larger time frames still remain powerful to push the price higher, without turning indicators in an oversold zone.