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
Pair failed to advance above 0.98 once again and remains range bound between 0.98 and 0.975 Together with readings of market sentiment and technical indicators it continues to highlight a high probability of bearish dip in the near future.
Pair was posing for a dip, but received a push up from 1.02 and is currently hovering slightly above weekly PP at 1.02041. However, pair is showing substantial downside risk and is likely to attempt to breach cluster of support levels at 1.0160 some time soon.
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.