The uptrend, which started a couple of days ago, successfully managed to continue, as today GBP/JPY experienced another consequent bullish advance. As for now, the currency couple confronts the upper Bollinger band at 127.56, which is expected to reverse the current tendency upwards. However, if it fails to stop the rally, then the price might reach the weekly R2 at
Yesterday's bullish advance has failed to continue today, and today the EUR/CAD currency pair experienced a small bearish reaction. At the particular moment the price is facing the upper Bollinger band at 1.2872, which will probably change the direction of the current movement. In case it is broken, then the currency couple might reach the monthly R1 at 1.2820, which
The bullish correction, which occurred yesterday, failed to continue, as today the EUR/AUD currency couple experienced a slight bearish reaction. As for now, the currency pair is heading towards the 20-day SMA at 1.2588, which is very likely to bring some bullish impulse. If it is breached, then the price might reach the weekly S1 at 1.2505, which in turn
Pair received strong bullish impetus from support levels at 0.8116/11. At the moment pair is hovering right above support levels at 0.8209. Although this bullish rally was expected and long awaited, we should see a minor bearish correction in the near future. Main catalyst for this should become Fibonacci retracement (23.6% of 5th to 14th of September move) at 0.8249.
Resistance given by Bollinger band at 0.9868, was too much for the pair as it lost almost all of yesterdays gains and currently is supported only by 20 bar SAM at 0.9814. Pair should depreciate further, however drop below 0.98 is unlikely and pair should remain in 0.980-0.986 area.
Pair advanced confidently after breaching 1.03 and at the moment is hovering well above 100 bar SMA at 1.0345, supported by weekly pivot (R2) 1.0365. Although pairs appreciation was strong and confident advancement above 1.04 is very unlikely as pair should rebound closer to 1.03.
Pair breached 103 JPY level rather confidently , but at the moment is depressed by Bollinger band. Taking in to account market sentiment and readings of technical indicators, it is very hard to believe that pair would be able to step up above 103.857. Even if it would, this should happen very gradually.
After a great yesterday's fall, USD/CHF approached a 0.9235 level, where a monthly S1 and a weekly S2 support levels lie, and currently fluctuates in a narrow range around 0.9240. Seems that price settlement below the uptrend line and the 200-day SMA have accumulated enough impetus to start a downside movement. On the other hand, RSI value is 35.8 and
After the rapid USD/JPY appreciation in last week, today currency pair showed some correction. Yesterday's peak and the major resistance level was the upper Bollinger band line around 79.05 level, where also Monthly R1 and Weekly R2 reside. As price retreated, it is very possible to see some negative impetus, at least till 78.69 level, where very important downtrend line
GBP/USD keeps a slow pace of increase and yesterday approached a 1.6085 level and currently fluctuates in a 1.6112/35 zone, where the 20-day SMA and a weekly R1 lie. Situation on this currency pair is very vague, as price stays in a correction zone among many support levels and does not show any stronger impetus to any side. RSI also
EUR/USD pair has strongly bounced from the uptrend line and weekly PP at 1.2925 and surged till 1.3115 support zone. Currently price is fluctuating in 1.3110/1.3090 zone, where the upper Bollinger band line, weekly R2 lie and the previous high's support zone is placed. Also, RSI has value of 63.7 and comes very close to an oversold zone; however, weekly
The interim bearish trend has finally ended, as today the XAU/USD exchange rate experienced a slight bullish correction, and now the price is facing the monthly PP at 1746, which might slow down the movement upwards. In case it is broken, then the exchange rate will probably reach the weekly PP at 1754, which is very likely to bring some
The uptrend, which started a couple of days ago, successfully managed to advance even higher, and today the GBP/JPY currency couple experienced another consequent bullish correction. At the particular moment the currency pair is about to test the weekly R1 at 127.05, which might bring some bearish momentum. In case it is breached, then the price is likely to reach
The uptrend, which started less than a week ago, successfully managed to continue, and today the EUR/CAD currency couple experienced a huge movement upwards, which has already managed to breach the upper Bollinger band. As for now, the price is gradually approaching the weekly R1 at 1.2891, which might slow down the rally. In case it fails to stop the
The bearish reaction, which occurred yesterday. did not manage to continue, as today EUR/AUD experienced a significant bullish correction, which has already managed to overcome the monthly PP at 1.2653, which will probably bring some bearish impulse. In case it is broken, then the price might reach the weekly R1 at 1.2800, which in turn is very likely to slow
Rather unexpectedly pair is continuing its bearish dip after receiving a push from cluster of resistance levels at 0.8177/85 area and is currently is trying to fall below weekly pivot (S1) at 0.8116. Technical indicators let us believe that this bearish run will continue some time longer, at least until pair won't approach cluster of support levels at 0.9889/81 area.
Pair has reached very important point as it approaches 0.9885 area where it lost over 100 pips just few weeks back. If pair manages to advance above 99 cent mark reaching parity condition should be just a matter of time. However, if pair fails to advance further we could certainly see another dip to 0.98 or even lower.
Pair is sweating to breach cluster of resistance levels around 1.03. Although it would seem pair might have enough momentum to do so, but recent developments raise a lot of doubts and scenario where pair remains at 0.92-0.93 range seems much more likely.
Pair is appreciating rather rapidly after receiving a bullish impetus from Fibonacci retracement (61.8% of 5th to 17th of September move) at 101.161. Currently it is aiming to breach major level at 103 JPY. Advancement, at least long lived, of the pair above this level is highly unlikely and pair should be pushed back to 101.5 JPY area by already
USD/CHF pair has stuck in a flat zone with the lower support level at around 0.9290 and the upper line at 0.9428/34, where 200-day SMA lies. Negative performance might be expected, as weekly graph shows that price has settled below the uptrend line, which starts since 31st October, 2011. This big timeframe pattern is supported by the majority of daily
USD/JPY shows strong uptrend signals, as currency pair has rapidly approached 55-day and 100-day SMA levels and already reached the upper Bollinger band line at 79.05. Today's candle opened above the downtrend line, which starts since 24th January, 2012, and stays positive after the Asian trading session. Daily technical indicators support current USD/JPY surge, as weekly and monthly turned mixed.
Bulls do not wish to give in just yet, delaying formation of a down leg in the long run. The nearest supports for the cable to conquer lie at 1.6055 and 1.6004/1.5970, while selling pressure at 1.6085 and 1.6112/35 is expected to prevent emergence of rallies and reinforce bearish bias. Although judging by forecasts for the next quarters GBP/USD is
EUR/USD unwillingly advances forward, casting doubt on its bullish prospects. Moreover, daily technical indicators turned neutral, adding to signs the currency pair lacks upward momentum in order to soar up to 1.33 in the nearest future, especially when most of monthly studies point to the downside. However, positive outlook should be preserved as long as an uptrend support at 1.2924
Pair started week with a dip to 0.813, but received a bullish impetus from there and is currently supported by Fibonacci retracement (38.2% of 5th to 14th of October move)/monthly pivot point at 0.8185/75. It is likely this rally will continue for few more days as advancement far above 0.82 is not likely as pair is bound to meat strong