NZD/USD did not manage to advance above 83.5 from where it was pushed back below 83 cent mark. It is likely that the pair will be pulled back below summer high at 0.8223, after what it should hover slightly above monthly pivot (R1) at 0.8178.
The currency couple continues to breach supports one after another, giving no signs that the present bearish momentum is weakening. USD/CHF may rebound from 0.9253 to make a short-term bullish correction up to 0.9328/62, though the outlook will remain negative, largely due to absence of any notable supports nearby that could have reversed the current trend.
Friday's sharp rally did not develop into a full-blown recovery, but instead was halted by resistance at 78.35/64, implying that the pair does not carry neither upward not downward impetus and should stay bound by 78.82/99 from above and 77.71/49 from below until USD/JPY reaches an intersection of a downtrend resistance and a support line (supposedly in mid-November), which is
GBP/USD is rapidly approaching another major downtrend resistance line, which constitutes the main part of an area at 1.6400/70. The currency pair is expected to bounce off this zone and eventually return back to the levels three-four months ago, i. e. within the range 1.53-1.54. Prior to that, the cable should confront resistances at 1.6261 and 1.6331.
Resistance at 1.3140/64 somewhat delayed advancement of the pair, but may be insufficient to force it to undergo a more pronounced bearish correction. Accordingly, we are likely to see extension of a rally that is not currently facing any significant levels. Potentially, however, 1.3269 and 1.3402/25 could impede growth of the price, being that the latter is reinforced by a
Yesterday's bullish advance successfully managed to continue, and today the XAU/USD exchange rate experiences another small bullish correction. As for now the price confronts the upper Bollinger band at 1777, which is expected to reverse the prevailing tendency upwards, however, if is fails to slow down the uptrend, then next resistance at 1813 (weekly R3) is likely to bring some
The bullish trend, which started two days ago, successfully managed to continue, and today GBP/JPY experienced a huge bullish advance, which has already managed to overcome both 200-day SMA and the upper Bollinger band. At the particular moment, the currency couple is about to test the weekly R2 at 127.36, which will probably bring some bearish impulse. In case it
Today the EUR/CAD currency couple experienced a significant bullish advance, which managed to break out of the upper Bollinger band, and at the particular moment the price is slowly moving towards the weekly R3 at 1.2784, which might slow down the uptrend. If it is breached, then next resistance at 1.2835 (200-day SMA) is likely to bring some bearish impetus.
Yesterday's bearish reaction was stopped today, as the EUR/AUD currency pair experiences a huge bullish correction, which already managed to breach the 200-day SMA, and now the price is approaching the upper Bollinger band at 1.2476, which is expected to reverse the prevailing movement upwards. However, if it fails to stop the rally, then the currency couple might reach the
NZD/USD gained momentum after breaching August high at 0.8223, but at the moment it is suspended by Bollinger band at 0.8335. Stochastic indicator suggest that we should see a bearish correction, together with current market sentiment it proves that there is significant downside risk for the pair at the moment.
Pair gained momentum and in the last day lost all of its gains from this week. At the moment it is stopped by Bollinger band at 0.9573. We should see a bullish correction in the near future as it is suggested by Stochastic indicator, but pairs downside risk remains and we should see further depreciation which should remain bounded by
Pair is trying to reach new high as it is testing August high at 1.0612. In the next few days se should see a bearish correction as later level should provide strong resistance for the pair. After that pairs momentum should kick it up to above 1.065.
Pairs return below 100 was short-lived and it appreciated frantically today after breaching uptrend resistance at 101.021. Currently pair is slowed down by Fibonacci (50% of move since 21st of March) at 102.765. Further appreciation of the pair in medium and long term is very likely, as there are no stronger resistance levels on the way up, and cluster of
USD/CHF keeps on moving away from the 200 day SMA and gaining bearish momentum and that in turn implies pair's intention to penetrate some of the nearest support lines—0.9317 and 0.9253, even though technical indicators in aggregate give mixed signals. Meanwhile, rallies in the short term are to be curbed by resistances at 0.9385/0.9401 and 0.9447.
USD/JPY is still wary of going lower, as demonstrated by the pair's earlier performance, when it quickly retreated after falling below 77.40, which withstood downward pressure, but has been substantially weakened. Therefore the present dip may be extended down to 76.89/79, though should be worn down or terminated by this support area.
The cable is persistently moving towards a cluster of resistances at 1.6400/43; it has already pushed through 1.6163/77. The next objective for the pair lies at 1.6292 despite the bearish readings of technical indicators, which are likely anticipating downward correction GBP/USD will have to undergo at some of the levels situated overhead.
Recent rally of EUR/USD appears to be overextended, accordingly, probability of a more distinct pullback than we saw after confrontation with the 200 day SMA increases, although there are currently few reasons for the Euro to weaken in the absence of any notable resistances located nearby. Among those level that are potentially capable of delaying advancement are 1.3140 and 1.3400/34.
Today the XAU/USD exchange rate experiences a small bullish advance, and now the price is slowly moving towards the upper Bollinger band at 1753, which is expected to reverse the uptrend. In case it is breached, then the price might advance even further and reach the monthly R2 at 1764, which in turn will probably bring some bearish momentum. Additionally,
Yesterday's bullish correction has ended, and today GBP/JPY experiences a significant bearish reaction, which has already managed to overcome the weekly PP at 125.12. At the particular moment the currency couple is about to test the 20-day SMA at 124.69, which might bring some bullish impetus. In case it is broken, then the price might reach the weekly S1 at
The bearish tendency, which started two days ago, failed to continue, as today the EUR/CAD currency pair experiences a small bearish reaction. As for now, the price is slowly approaching the monthly R1 at 1.2554, which will probably bring some bullish impulse. In case it is breached, then next support at 1.2471 (weekly PP) might stop the prevailing movement downwards.
Yesterday's bullish correction successfully managed to continue, and today the EUR/AUD currency couple experiences another bullish advance, which at the particular moment is gradually heading towards the weekly R1 at 1.2389, which might slow down the tendency upwards. However, if it fails to stop the rally, then the price might reach the 200-day SMA at 1.2415, which is expected to
NZD/USD continues to appreciate and furiously tries to reach new highs. Currently pair is already trading at the highest levels since end of April. Pairs advance remains bounded by Bollinger band and pairs downside risk increases as Stochastic indicator points at possible bearish correction in the near future, which is likely to be slowed down at 0.8223 and 0.8184/78.
Pair appreciated further today, but it seems that effects of Double Top formation on 1H chart yesterday are wearing of and pair will resume its depreciation in the near future. On its track down pair should remain bounded by Bollinger band and downtrend support which currently are at 0.9726/11.
Pair did not managed to hold above 1.05 and it seems we will se a bearish correction which was anticipated by market participants for some time now. It is likely drop will be rather sharp, but support levels around 1.04 should hold on pair there for some time.