Pair continues to depreciate, but it seems that 100 JPY level wont give up that easy as currently pair is stuck at uptrend support (connects 24th of July and 5th of September) right below it at 99.93. It is plausible we shall see a minor bullish correction/pullback to 20 bar SMA at 100.642, but after that pair should resume depreciating
Upward momentum of the pair, received at 0.9265/53, did not manage to throw the price over a downtrend resistance at 0.9400/41. This implies that the bullish correction has come to an end and therefore we may witness resumption of a delayed slide down. The initial support is at 0.9376/69, while 0.9310 and 0.9265/53 will have a better chance at resisting
Support at 77.68/63 appears to be unable to halt the price from declining, although it is too early to say, as only a close below will confirm intentions of the pair to go lower. Subsequent area lies at 77.43/18 and for now is deemed to be impenetrable. Accordingly, it should not allow USD/JPY to reach 76.89 or 76.49, but rather
Even though selling pressure at 1.6233 was insufficient in order to prevent retest of the resistance, as the cable once again approaches it, the price is expected to be capped there and rallies above it are viewed as unsustainable. Pair is thus anticipated to focus on supports, the nearest of which may be found at 1.6177/38, followed by 1.6087 and
Recent behaviour of the pair has given a reason to suspect that EUR/USD will not have to travel all the way down to an uptrend support line currently at 1.2798/65 in order to terminate protracted bearish correction. If the price continues to advance, it will first encounter resistance at 1.2916/53, while some of the higher levels are at 1.3019 and
The bearish tendency, which started a couple of days ago, successfully managed to continue, as today the XAU/USD exchange rate experienced another significant bearish reaction. As for now, the price confronts the 20-day SMA at 1747, which might bring some bullish impulse, however, if it fails to slow down the movement downwards, then next support at 1734 (weekly S2) will
Today the GBP/JPY currency pair experienced a significant bearish reaction, and the price has already managed to breach the weekly S1 at 125.74, and at the particular moment the currency couple is slowly approaching the weekly S2 at 124.68, which is expected to stop the current movement downwards. If it fails to slow down the downtrend, then next support at
Today EUR/CAD experienced a slight bullish correction, and at the particular moment the currency couple is slowly heading towards the monthly R2 at 1.2711, which will probably slow down the prevailing uptrend. If it is broken, the the price might advance further until the weekly R1 at 1.2773, which in turn is likely to change the direction of the prevailing
Yesterday the EUR/AUD currency couple bounced off the weekly PP at 1.2444, and now the price is about to test the 20-day SMA at 1.2391, which is expected to reverse the interim bearish tendency. In case it fails to stop the current movement downwards, then next support at 1.2336 (weekly S1) is very likely to bring some bullish impulse. Moreover,
After failed attempt to recover Mondays loses pair is once again testing 0.8200, but was kicked back by Fibonacci (38.2% of move since 5th of September)/monthly pivot (R1) at 0.8185/78. Although indicators point at recovery of the pair, rapid drop to 0.8141/21 after breaching 0.8200 is much more likely.
After a temporary setback pair continues to recover after receiving a push from downtrend support (connects 2nd of August and 5th of September highs) at 0.9808. Stochastic indicator suggest that bearish correction on the pair is highly likely in the near term, but this should not influence pair's development much and slowly it should reach cluster of resistance levels around
After a week of choppy sessions pair continues to depreciate, but is stuck at trying to breach a cluster of support levels at 1.0351/27. Although technical indicators point at recovery of the pair, only few of them give conclusive and strong signals. As a result pairs downside risk is still strong and if it manages to advance below 200 day
After posing for a recovery, pair continues to depreciate in rather moderate pace and currently it is trying to come back below important psychological level of 100 JPY. Signals from technical indicators are rather mixed and inconclusive and it seems pair is driven mostly by market sentiment. If it manages to breach currently tested, 100 JPY, level we could anticipate
While most of daily indicators remain bearish, USD/CHF has not yet been challenged, as the pair carries on moving higher largely unhindered. Resistance zone that stretches from 0.9400 up to 0.9441 should be able to soften the present rally and eventually force the price to change its direction, returning the pair to the downward path to 0.8930, its long-term target.
USD/JPY is cautiously testing 77.68/50, checking it for signs of presence of strong buying pressure, since the last time (Sept 13) it triggered an 88 pip long rally. In case this support is eroded, 77.25/18 should come in its place and prevent further extension of the dip we observe at the moment, although only a breach of an area at
According to a D1 graph, seems that the cable has finally escaped from the channel and currently is checking the first support level at 1.6177/58, where the monthly R2 and weekly S1 intersect. If the price settles below this level, it is very likely that correction will gain more bearish impetus and extend the impulse even lower. Further support levels
Last night the major currency pair experienced another bearish correction and now the price is gradually approaching the weekly Pivot Point and 20-day SMA at 1.2866 level, which might bring in some bullish impetus into the market. In case this level is breached, the price may drop another 100 pips and reach the intersection level of weekly S1 and monthly
Today the XAU/USD exchange rate experienced another bullish correction, therefore supporting the interim bullish tendency, and now the price is gradually approaching the weekly R1 at 1794, which might bring some bearish impetus. In case it is breached, then the price might reach the upper Bollinger band at 1803, which in turn is expected to reverse the current movement
Today the bearish trend, which started two days ago, was stopped, as the GBP/JPY currency couple experienced a bullish correction, which has already managed to overcome the 200-day SMA, and at the particular moment the price is gradually heading towards the weekly PP at 127.28, which is expected to reverse the prevailing movement upwards. In case it fails to stop
The bearish reaction, which occurred yesterday, successfully managed to continue, and today EUR/CAD experienced another bearish decline, and now the price is slowly approaching the weekly S1 at 1.2607, which is very likely to bring some bullish impetus. If it is broken, then the price might reach the weekly S2 at 1.2538, which might change the direction of the prevailing
The EUR/AUD currency pair maintains its bearish tendency, and today the price has already managed to breach the monthly R1 at 1.2404, and at the particular moment the currency couple is about to test the 20-day SMA at 1.2383, which will probably slow down the downtrend. In case it fails to stop the movement downwards, then next support at 1.2336
Pair recovered all of its yesterdays losses and is back above weekly pivot point at 0.8270 after receiving a push from 0.8205/00. It is likely that this session is rather an exception to the rule in the medium term; pair might advance up to or maybe even breach 0.8300 temporary, but further depreciation of the pair seems to be much
Pair lost all of it's yesterdays gains after rebounding from downtrend resistance (connects 2nd of August and 5th of September highs) at 0.9808. Although outlook on the pair is somewhat neutral, is likely it will pick up again as market sentiment seem to be the main driver behind it at the moment.
Pair recovered all of it's yesterdays losses and currently is trying to breach weekly pivot point/Fibonacci (23.6% of move since 6th of September) at 1.0449/51. Although technical indicators on aggregate point at appreciation of the pair, quite a few of them give neutral signals as well, therefore it is likely we shall continue seeing choppy sessions as in the past