Bullish impetus on the pair is strong after weekend as pair is trying to breach 102 level with intention to advance at least to the 5th of October high at 102.79. Although technical indicators point at appreciation of the pair it still will have to pass the barrier of Bollinger band at 102.6 which is likely to slow down pair's
The downtrend, which started a couple of days ago, successfully managed to continue, and today the XAU/USD exchange rate experienced another consequent bearish reaction. As for now, the exchange rate confronts the lower Bollinger band at 1734, which is expected to reverse the current movement downwards. If it fails to stop the downtrend, then next support at 1719 (55-day SMA)
Today GBP/JPY experienced a significant bullish advance , which has already managed to breach the 200-day SMA at 126.27, and at the particular moment the currency pair is gradually heading towards the upper Bollinger band, which will probably stop the current movement upwards. In case it is broken, then the price might reach the weekly R2 at 128.17, which in
The uptrend, which started a couple of days ago, has failed to continue, as today the EUR/CAD currency couple experienced a slight bearish reaction. As for now, the currency pair is about to test the weekly PP at 1.2660, which is likely to bring some bullish impulse. If it fails to stop the uptrend, then the price might reach the
The bullish trend, which started three days ago, has successfully managed to continue, as today the EUR/AUD currency pair experienced another bullish advance, and at the particular moment the currency couple is heading towards the monthly R2 at 1.2740, which might slow down the rally. In cased it is breached, then the price is likely to reach the weekly R1,
USD/CHF may have potentially formed a triple bottom figure, which is believed to be a reversal pattern. Still, a confirmation of the pair's bullish intentions, a close above 0.9417/34, is required before the outlook becomes positive, since daily and weekly studies remain bearish. Moreover, the price will have to breach a major resistance at 0.9487 to extend the surge.
While approaching an apex of a falling wedge, range of USD/JPY is becoming increasingly narrow, being formed by 78.69/84 from above and by 78.20/77.99 from below. An interim level is at 78.43/37, but is hardly able to shape behaviour of the pair. In the near future the price is expected to remain tranquil, although an upside risk increases with each
Following a shallow upward rally due to short covering, bears have regained control of GBP/USD's direction. While the initial two supports, at 1.5996/72 and 1.5895, are highly unlikely to pose a serious threat to the current momentum, 1.5861/16 may prove to be a formidable area. Rallies, in the meantime, are to be contained by resistances at 1.6055/85 and 1.6118/35.
Both daily and weekly technical indicators continue to give "buy" signals, implying EUR/USD has not yet reached its ceiling. In the medium term it is considered to be situated around 1.33, although the currency pair will have to overcome a number of tough resistance prior to reaching it, such as 1.3024/36 and 1.3115/51. Alternatively, the nearest supports are at 1.2924/22
For the past 3 days pair has been trying to advance above 0.82. Although pair is unlikely to advance far above this level or even breach this level, it should be kept close to this level by Fibonacci retracement (38.2% of 5th of September— 14th of September move)/weekly pivot point at 0.8185/78.
Probability of bearish dip is increasing as pair is starting to move rather erratically. Besides that, technical indicators send strong sell signal while pair does not manage to breach and stay above 0.98 for a longer period which seems to have become a strong technical resistance level for the traders.
Pair managed to step up a bit further since yesterday, but is currently down by 65 pips after receiving a bearish impetus from 200 bar SMA at 1.0295. In addition, technical indicators show a substantial increase in pairs downside risk. It is unlikely that weekly pivot point at 1.0241 will give strong support for the pair, hence further depreciation and
Pair is continuing bullish rally after receiving a push from Fibonacci retracement (38.2% of 25th of July—17th of September move) at 100.17 yesterday and is trying to step up and breach 102. It is likely pairs advancement will continue until it approaches higher resistance levels at 102.6 and higher.
The bullish correction, which started a couple of days ago, has failed to continue, and today the XAU/USD exchange rate experienced a slight bearish reaction. As for now, the exchange rate is gradually heading towards the lower Bollinger band at 1748, which will probably change the direction of the current movement. If it is breached, then the price is likely
Today GBP/JPY experienced another consequent bullish advance, and at the particular moment the currency couple is slowly moving towards the 200-day SMA at 126.28, which is expected to change the direction of the current movement upwards. If it fails to slow down the prevailing rally, then the price is very likely to reach the weekly PP at 126.77, which in
The interim uptrend, which started a couple of days ago, managed to advance even further, as today the EUR/CAD currency couple experienced another movement upwards, which has already managed to breach the 20-day SMA at 1.2674. As for now, the price is heading towards the weekly PP at 1.2709, which might slow down the rally. In case it fails to
Yesterday's bullish tendency successfully managed to continue, as today the EUR/AUD currency pair experienced another consequent bullish correction, and at the particular moment the currency couple is about to test the weekly PP at 1.2661, which might bring some bearish impetus. In case it is broken, then the price is likely to reach the monthly R2 at 1.2740, which in
Currently USD/CHF is eroding a downtrend support line at 0.9358/40, violation of which will open a road towards 0.9283 and 0.9245/44. Further extension of a dip will be hindered by 0.9178 and 0.9081/57. Regardless of such possibility, even though it may not yet be ruled out, in the long run the pair is considered to be bullish and is likely
A zone at 78.15/77.99 proved to be durable enough to negate bearish activity and send the price back up to 78.42/45. However, from there the path of least resistance is to the downside, implying that 77.56/37 is still likely to be reached. An apex of a falling wedge is two months ahead, thereby a breakout and a consequent robust move
The cable appears to have ended its short-term upward correction ahead of 1.6062/85 due to a lack of bullish momentum. Therefore the currency pair is expected to focus more on supports, the nearest of which is located at 1.5988/80. Subsequent levels may be found at 1.5911/1.5861, although only 1.5831/11 is anticipated to weaken bearish tendency significantly.
A formidable support area at 1.2856/1.2781 managed to prevent further debasement of the Euro and provided the pair with a strong bullish impetus. At the moment EUR/USD is struggling with 1.2927/63, but is poised for more gains in near future, as suggested by both daily and weekly technical indicators in aggregate. The next objectives lie at 1.3044 and 1.3122/51.
The interim bearish trend failed to continue, as today the XAU/USD exchange rate experienced a significant bullish correction. At the particular moment the price is heading towards the 20-day SMA at 1771, which might stop the current movement upwards. In case it fails to slow down the rally, then the exchange rate is expected to reach the upper Bollinger band,
The downtrend, which started a couple of days ago, failed to continue, as today GBP/JPY has gained some bullish impulse, and at the particular moment the price is about to test the weekly S1 at 125.73, which might bring some bearish impetus. If it is breached, then the currency couple will probably reach the 200-day SMA at 126.28, which in
The uptrend, which started yesterday, successfully managed to continue, as today the EUR/CAD currency couple experienced another bullish correction. As for now, the price is heading towards the 20-day SMA at 1.2676, which will probably bring some bearish momentum. In case it is breached, then the currency pair might reach the weekly PP at 1.2709, which in turn is likely