After bouncing from cluster of support levels at 100.205/100 pair is currently hovering slightly above 20 bar SMA at 100.824. Although Stochastic indicator suggests that appreciation of the pair should last a bit more, pair faces significant downside risk and another attempt to breach 100.205 should not be a surprise this week.
Provided that the currency pair continues to advance, contrary to the scenario suggested by daily technical indicators, it will hit a downtrend resistance line at 0.9376/0.9406, which is supposed to contain the current rally and thus terminate bullish correction. USD/CHF should then take course on 0.9265/53—support that has recently prevented further depreciation of the greenback.
After closing below 77.99, the pair now approaches an additional support level at 77.68/57, where it will encounter a significant amount of buying pressure that is unlikely to let the price slide lower. Even if it does, 77.25/18 will aid in suppression of a dip, being partially formed by an uptrend support line, which has been respected by the market
After yesterday's fluctuation in a 1.6190/1.6240 channel, the setup in GBP/USD pair did not change, as price is locked in a very wide channel and is not able to brake through the 1.63 psychological level and a one-year high. However, situation is quite ambiguous, as rallies are unlikely to finish around these levels, but for a further increase RSI (D1)
The major currency pair continues to decrease and has already entered the support zone at 1.2890/1.2920. If this zone is not be able to underpin the price, next level will be only 1.2810, where the 200-day SMA goes. Generally, further price depreciation is very likely, as downtrend does not show any stabilization signs and fulfills only 22%-38% Fibonacci corrections from
The bullish trend, which started two days ago, failed to advance further, and today the XAU/USD exchange rate experienced a slight bearish reaction, which has already managed to breach the weekly PP at 1769, and at the particular moment the price is about to test the weekly S1 at 1751, which might bring some bullish impulse. In case it fails
Today GBP/JPY experienced a significant bearish reaction, and the currency couple has already managed to cross the 200-day SMA, and now the price is approaching the weekly S1 at 125.74, which is very likely to bring some bullish impetus. If it is breached, then the currency pair might reach the weekly S2 at 124.68, which in turn will probably reverse
Today the EUR/CAD currency couple experienced a small bearish reaction, and at the particular moment the price confronts the weekly S1 at 1.2607, which is very likely to stop the movement downwards. If it is broken, then the price might reach the monthly R1 at 1.2554, which in turn is expected to change the direction of the prevailing tendency. Nevertheless,
The bearish tendency, which started a week ago, successfully managed to continue, and today the EUD/AUD currency pair experiences another bearish reaction, and at the particular moment the price has already managed to breach the weekly PP at 1.2429, and now the currency couple is heading towards the 20-day SMA at 1.2374, which might slow down the prevailing downtrend. In
Pair rebounded after unsuccessfully trying to breach 0.834 twice in last few weeks. It's dive from 0.8270 was rather unexpected and it is unclear that support levels around 0.8205 will be able to hold pairs depreciation for long as significant portion of downside risk for the pair remains.
After a week of mild gains pair gained significantly today after receiving a push from 20 bar SMA at 0.9780. Stochastic indicator suggests that pair has not lost, on contrary—gained, momentum and current stop at 0.9821/24 is just a temporary setback.
Pair received a strong push from resistance levels around 1.500 and currently is testing cluster of support levels around 1.0403/392. Although technical indicators point at recovery of the pair it is much more likely that the pair will continue to depreciate.
Pair continues its depreciation after receiving a push from Fibonacci retracement (23.6% of move since 24th of July) at 101.560 and currently is targeting cluster of support levels around 100. It is highly likely pair won't succeed due to strong underlying support in those levels. Technical indicators support probability of such scenario as well.
Despite proximity of a formidable resistance area at 0.9376/0.9406 the U.S. Dollar carries on getting firmer relatively to the Swiss Franc. Nonetheless, current bearish outlook is preserved, unless the zone gives in and paves the way towards subsequent resistances that are considerably weaker, namely 0.9421/41 and 0.9486, which are thus less likely to halt advancement of the pair.
USD/JPY continuously gravitates towards 77.99 and does not give any reason to believe it intends to leave its vicinity in the observable future. However, the currency pair has a higher chance to commence a recovery than to remain bound by lines that form a downtrend channel, since supports at 77.68/63 and 77.25/18 are expected to provide enough buying pressure in
The cable is desperately trying to overcome a major downtrend resistance, but is capped by 1.6233 in conjunction with 1.6300/04. Accordingly, rallies are unlikely to extend beyond these levels, even though GBP/USD may rechallenge them shortly. Still, the long-term outlook is bearish, being that the pair has already reached the upper limit of a downtrend channel it has been trading
Bearish correction drags on, putting expectations for continuation of a recovery under threat of being shattered. EUR/USD is persistently moving towards an uptrend support line and the 200 day SMA at 1.2802/1.2765. Nevertheless, for now downward momentum is not deemed to be strong enough to violate them, therefore we favour a rebound from there, although the possibility of an alternative
Today the XAU/USD exchange rate experienced another bullish correction, therefore supporting the interim bullish tendency. At the particular moment the price is heading towards the weekly R1 at 1795, which might bring some bullish impulse. If it fails to stop the uptrend, then next resistance at 1807 (upper Bollinger band) will probably reverse the prevailing bullish trend. Additionally, RSI indicator
The bearish trend, which started two days ago, was stopped today, as the GBP/JPY currency pair experienced a slight bullish correction, and now the price is slowly approaching the monthly R2 at 128.07, which will probably bring some bearish impetus. However, if it is breached, then the currency couple might reach the upper Bollinger band at 128.51, which is likely
Today EUR/CAD experienced a small bullish correction, which stopped the bearish reaction, which occurred yesterday. As for now the price is gradually approaching the monthly R2 at 1.2711, which will probably slow down the prevailing rally. In case it is broken, then the price might advance until the 200-day SMA at 1.2822, which in turn is very likely to bring
The downtrend, which started three days ago, managed to continue, and today the EUR/AUD currency couple has already breached the 200-day SMA, and at the particular moment the price is about to test the weekly R1 at 1.2392,which is likely to bring some bullish impulse, however, if it fails to stop the movement downwards, then the price might reach the
Pair recovered all of its yesterdays loses and returned above 83 cent mark overnight. Outlook on the pair is positive, and it is likely that due to this gain in momentum pair will continue to appreciate further since the only major resistance level below 0.84 mark is 14th if September high at 0.352.
After a week of mild gains pair rebounded from monthly pivot at 0.9769. Despite the signals of technical indicators, this should be just a temporary setback and pair should resume it's recovery after receiving a push from 0.9712.
Pair bounced from Fibonacci (38.2% of move since 6th of September) at 1.0446, but after sharp gains is stuck at 1.0494/0500. Technical indicators point at appreciation of the pair, however it is likely the pair has already reached oversold condition and we might see a strong push down from any indicated resistance levels above the current market price.