The downtrend, which started a couple of days ago, successfully managed to prevail, as today EUR/AUD has already managed to drop below the weekly PP, and at the particular moment the price is heading towards the monthly R1 at 1.2555, which might bring some bullish impetus, however, if it fails to stop the downtrend, then next resistance at 1.2499 (weekly
Pair seems to be range (0.8249-0.8161) bound for almost a week now. Further containment in this area is very likely as vast number of indicators give neutral signals. However, as quite a lot of pressure on the pair seems to be coming from 0.8249 area, drop to 0.8178 or 0.8161 is highly likely in the near future.
Bullish stimulus seemed to be playing out last few days, but technical indicators point at another bearish rally in the short term as pair received a push from downtrend resistance (connects 2nd of August and 5th of September highs) at 0.9760. However, longer term indicators send almost unanimous sell signal suggesting that 0.98 area might be unreachable for the pair.
Bearish impetus for the pair was not strong enough and did not help it to breach a cluster of support levels at 1.0160/133 area and it is rather safely hovering above major (psychological) level of 1.02. As technical indicators point at increase of downside risk, pair might try to step up to 1.03 area, but attempt to dip below 1.0160
Pair has formed a neat double top pattern and continues its move towards patterns support in 100 JPY area. Although bearish impetus after peaking at 102.798 was rather strong, but pair should face significant difficulties while trying to breach support levels around 101 JPY (uptrend support connecting 24th of July and 5th of September lows). After this stop pairs bearish
USD/CHF closes in on 0.9340, confrontation with which could decide pair's direction in the medium term. If 0.9340 withstands bullish impetus, the price will be anticipated to retest 0.9251/44 with a possibility to decline even further. Alternatively, breach of 0.9340 will pave the way towards 0.9406/26—potential neck line of a double bottom pattern, such scenario will speak in favour of
Support at 78.45/43 was unable to stop the pair from sliding lower, allowing it to touch a subsequent level at 78.21/77.99, which in turn has a better chance of negating downward momentum. Given that short-term indicators are largely silent, USD/JPY should remain fluctuating within a corridor formed by 78.43/45 from above and 78.21/77.99 from beneath for now, although it may
Following a precipitous drop of the cable we may expect a bullish correction to occur, which is unlikely to push the price above 1.6042/85, however. Continuation of a bearish tendency should lead GBP/USD down to 1.5988/61 initially, then 1.5911 and 1.5861, as the long-term target is supposed to be near 1.5601/1.5571, even though weekly technical indicators give "buy" signals.
Decline of EUR/USD stalled just ahead of 1.2963/57, implying that bearish correction has ended. Nevertheless, the pair is still under danger of extending the dip down to an uptrend support line, currently standing at 1.2856, prior to re-establishing robust rally in the coming days. Additional supports are at 1.2826/1.2786 and 1.2702/1.2697, while an interim resistance lies at 1.3104/51.
The downtrend, which started a couple of days ago, successfully managed to continue, as today the XAU/USD exchange rate experienced another movement downwards, which has already managed to overcome the 20-day SMA at 1771, and at the particular moment the price is about to test the weekly S1 at 1762, which might change the direction of the current movement. In
The bullish tendency, which started a couple of days ago, did not manage to continue, as today the GBP/JPY currency couple experienced a huge bearish reaction, which has managed to break the 200-day SMA at 126.29. As for now, the currency pair about to test the 55-day SMA at 125.12, which is very likely to bring some bullish impetus. In
Today the EUR/CAD currency pair experienced another bearish decline, which has managed to cross the 20-day SMA, and now the price is slowly approaching the weekly R1 at 1.2613, which might bring some bullish impulse. If it fails to stop the downtrend, then next support at 1.2579 (lower Bollinger band) will probably reverse the direction of the prevailing bearish tendency.
The uptrend, which started a week ago, has failed to continue, as today the EUR/AUD currency couple experienced a slight bearish reaction, which has already managed to breach the monthly R2 at 1.2740, and, at the particular moment, the price is headed towards the weekly PP at 1.2661, which might slow down the prevailing decline. In case it is broken,
Choppy sessions on the pair continues as it remains bounded by Bollinger band. Technical indicators point at recovery of the pair which is very likely if it manages to return above 0.8178/85 where it should receive a strong bullish impetus. Otherwise, due to lack of strong support levels pair might easily drop to 0.81 area.
Pair is posing for a further appreciation after a major bearish correction in the end of the last week. However, as there is significant lack of strong support levels, pair should remain depressed below resistance levels around 0.9800. Probability of sharp drop to 0.9717/00 should not be disregarded as technical indicators still point at significant downside risk of the pair.
Pair hovers slightly below 1.02 as it rebounds form cluster of support levels at 1.0160/133. It is almost certain pair will continue to recover, however it should not be rapid as quite a few technical indicators send neutral signals neglecting the probability that pair will gain momentum.
Pair peaked at 102.79 what seems as a top for Double Top pattern. Now it needs to form another full candle to confirm emergence of the pattern. This should not be hard as resistance levels at 101.58/67 seems to be providing enough downside pressure on the pair. Stochastic indicator points at further depreciation of the pair as well.
Being that downward impetus has already waned, USD/CHF is slowly returning back to a downtrend resistance line at 0.9338/40, from where we might see another bearish leg to appear. Conversely, violation of 0.9338/40 would allow the price to rise up to 0.9406/26 and thus form a double bottom pattern, implying emergence of a reversal.
USD/JPY is presently headed towards an initial support level at 78.45/44, but may decline even more in the short term, down to 78.23/77.99. Further extension of a dip should be limited by 77.51/37 and 76.99/95, there the price is anticipated to start a long recovery, although it will have to confirm its bullish intentions by overcoming 79.53/79.
After breaching 1.6139 the cable is likely to challenge 1.6085/62, penetration of which in turn will pave the way towards 1.5988/56. Rallies in the meantime are to be contained by 1.6139 in conjunction with a formidable area at 1.6184/1.6212, largely formed by a major downtrend resistance line. In the long term we still favour bearish scenario and eventual attainment of
EUR/USD halted last week's advancement ahead of 1.3122/51 and is currently pulling back to the 20-day SMA at 1.2964/63. In case it does not manage to preserve bullish outlook, subsequent support is located at 1.2856/26 and is reinforced by 1.2803/1.2787. Accordingly, the pair is expected to recommence rally and then aim for 1.3122/51.
Today the interim uptrend failed to continue, as the XAU/USD exchange rate experienced a small bearish decline. As for now, the price confronts the upper Bollinger band at 1786, which might bring some bullish impetus. In case it is breached, then the price might reach the weekly R1 at 1779, which in turn will probably slow down the prevailing
The uptrend, which started a couple of days ago, has finally ended, and at the particular moment the GBP/JPY currency pair is moving towards the 20-day SMA at 126.53, which is likely to reverse the prevailing bearish trend. In case it fails to slow down the current decline, then the price might reach the 200-day SMA at 126.28, which in
Today the EUR/CAD currency couple rebounded from the 200-day SMA at 1.2795, and currently the downtrend is in action. As for now, the currency pair is moving towards the weekly R2 at 1.2726, which might slow down the decline. However, if it is broken, then next support at 1.2693 (20-day SMA) is very likely to reverse the direction of the