The currency pair has bumped into a formidable resistance zone at 1.2556/1.2633, which mainly formed by two downtrend resistance lines and 23.60% Fibonacci retracement for a move started on October 27 last year. Consequently, we expect the zone to withstand pressure, negate upward momentum and force EUR/USD to move towards the lower line of the downtrend channel.
The uptrend, which started three days ago, successfully continues, and today the EUR/CAD currency pair has already managed to break the 55-day SMA at 1.2454. As for now, the currency couple is heading towards the upper Bollinger band at 1.2502, which is expected to stop the uptrend, however, if it fails to change the prevailing tendency, then the price might
The bullish trend, which started on August 20th, managed to advance even further, and today the EUR/AUD currency couple has already crossed the 55-day SMA at 1.1944 and the weekly R2 at 1.1987, and now the price confronts the upper Bollinger band at 1.2011, which is expected to bring some bearish momentum, however, if it is breached, then next resistance
Yesterday's bearish correction managed to continue, and today the AUD/JPY currency couple has already breached the 200-day SMA at 82.28, and now the price is slowly approaching the lower Bollinger band at 81.79, which will probably reverse the prevailing trend. If it is broken, then the price might reach the weekly S2 at 81.62, which in turn is likely to
The downtrend, which started yesterday, managed to continue today, and now the GBP/JPY currency pair declines even more, heading towards the weekly PP at 124.04, which is very likely to slow down the downtrend. In case it fails to stop the bearish tendency, then next support at 123.47 (55-day SMA) is very likely to bring some bullish impulse. In addition,
Pair is slowed down today as it is approaching level where a second peak for Double Top pattern should emerge. Pair is unlikely to advance further and should bounce hard of the 82 cent mark.
Although short term outlook remains negative pair is likely to remain above weekly PP at 0.9885. however, the should not have enough juice to breach weekly R1 at 0.9931 and it likely to remain in between the two levels around 0.9915.
It seems that 1.05 mark is and will be unbreakable for the pair for some time in the future. Pair has fell below weekly PP and as pairs outlook remains positive in the medium term it is likely to recover at least some of todays loses.
Pair has bounced and is likely to test weekly R1 at 99.002 again. However, it is rather unclear if pair will manage to do so as outlook in short term remains only mildly positive and highly negative in the medium term.
USD/CHF has covered a great deal of space towards 0.9394/70 and is thus unlikely to return to trading within an uptrend channel. It may still make a bullish correction and retrace back to 0.9721/45, but probability that the price continues recovery from there is low. Conversely, the pair is viewed as inclined to extend the present dip down to 0.9504.
USD/JPY came under substantial pressure and fell through a number of supports that failed to prevent significant depreciation of the U.S. Dollar and, consequently, exposed 77.98, below which 77.82/67 and 77.34/18 are situated. And even though the distance between the spot and 77.98 has been decreased, the medium-term perspectives are considered to be bullish.
After finally piercing 200 day SMA the cable surges further. The only resistance that separates the price from a major downtrend resistance line (1.6103/16) is at 1.5983 and is unlikely to hold GBP/USD for long, even though mostly technical indicators' signals are form neutral to bearish at the moment. Supports at 1.5862/49 and 1.5824/1.5796 should limit possible dips in the
EUR/USD continuously refuses to submit to a bearish outlook and has broken yet another resistance (1.2513/30), which was supposed to contain the current rally of the pair. Now the currency couple faces a combination of two downtrend resistance lines that will attempt to halt the advancement once the price comes into a range between 1.2576/1.2633.
Although RSI indicator shows neutral signal, the interim trend upwards, which started yesterday, continues, and today the GBP/JPY currency pair is about to test the 200-day SMA at 125.25, which might slow down the rally. In case it fails to stop the movement upwards, then the price might reach the weekly R1 at 125.68, which is likely to bring some
The bullish correction, which occurred yesterday, failed to continue, and now AUD/JPY has already touched 20-day SMA at 82.69. In case the downtrend prevails, then the price might reach the 200-day SMA at 82.26, which might bring some bullish impulse, however, if it is breached, then the currency couple might drop until the lower Bollinger band at 81.79, which will
Yesterday's bullish movement managed to reach and overcome the monthly PP at 1.1911, and today the EUR/AUD currency couple continues its rally. As for now, the price confronts the upper Bollinger band at 1.1965, which will probably bring some bearish impetus. In case it fails to stop the movement upwards, then next resistance at 1.1987 (weekly R2) is expected to
The bullish trend, which started on August 20th, managed to advance even further, and today the EUR/CAD currency pair has already breached the weekly R2 at 1.2357, and now the price is slowly moving towards the weekly R3 at 1.2430, which might slow down the uptrend, however, if it is broken, then next resistance at 1.2462 (upper Bollinger band)
After peaking yesterday Kiwi is fulfilling expert predictions and is staying closer to 80 US cent mark. It is likely pair will attempt to advance above 81 cent mark, but we can observe quite a few resistance levels above that mark which should contain the pair in 80-81 cent boundaries.
USD/CAD unexpectedly breached weekly PP at 0.9895. However, weekly R1 and monthly S1 at 0.9942 should slow down pairs advance pushing it closer to 0.9900 level.
Australian dollar lost ground and gained momentum as prices of shale gas and nickel are dropping. However, cluster of support levels at 1.0372/76 should provide enough support and contain the pair from dropping further.
Pair has rebounded from 99.00 and is likely to depreciate further as Stochastic indicator is giving sell signal on 1H horizon. However, pair should not have enough momentum to breach cluster of support levels around 98.00-97.5.
EUR/USD has strongly rebounded from an uptrend support yesterday. The short-squeeze has led to an attainment of resistance at 1.2453/80 - location the last obstacle en route to 1.2519/56, namely a downtrend resistance line since August 2011. Since the latter level is highly unlikely to be breached, the next week is expected to be bearish, as pointed out by most
A fairly strong uptrend support line has been breached, thus paving the way towards 0.9393/70 - a more senior uptrend support. However, the price will have to push through 0.9623/0.9589 and 0.9504 in order to confirm intentions to decline further. An interim resistance, on the other had, is at 0.9643, followed by 0.9691 and 0.9734/45, which are anticipated to contain
USD/JPY is undergoing a bearish correction following an encounter with a formidable resistance at 79.50/66, which includes the 200 day SMA, and should soon commence recovery either from the nearest support zone at 79.24/04 or from a subsequent level at 78.72/59. In any case the outlook on the pair is bullish, as it is expected to gradually leave the vicinity