USD/CHF hesitated at first, but the most recent rebound from 0.9253 is robust and now threatens 0.9328, although the advancement will have a hard time overcoming a cluster of resistances at 0.9400/39, which includes the 200 day SMA and an uptrend support. In case the pair slips, the next support after 0.9253 is at 0.9185/73.
Rally beyond resistance at 78.82/96 proved to be unsustainable and USD/JPY quickly returned within the boundaries of a downtrend channel. Now the pair faces support at 77.99/98 and is not expected to overstep additional levels at 77.70/49 and 77.21, near which the price may finally receive bullish impetus, but technical indicators suggest this scenario is to be postponed for now.
The cable was a little short of a one-year high at 1.6300/41 before it stepped back and reversed its direction. GBP/USD may attempt to approach the resistance area once again, though it appears to be solid and thus unlikely to be eroded. The first support to underpin the pair is located at 1.6177/45 and should slow down any bearish activity,
EUR/USD has prolonged its dip and looks like 1.3012 in conjunction with 1.2953 will be unable to prevent the price from going lower. And even though in the short term the outlook turned negative, the currency pair will preserve potential to advance up to 1.3425 in the long run as long as an uptrend support at 1.2805/1.2765 remains intact.
Today the XAU/USD exchange rate experienced another bullish correction, therefore supporting the interim uptrend. At the particular moment, the price is heading towards the weekly R1 at 1795, which might slow down the uptrend. In case it fails to stop the movement upwards, then the price might reach the upper Bollinger band at 1806, which will probably bring some bearish
The interim bullish tendency, which started a week ago, has finally ended, and today GBP/JPY experienced a huge bearish reaction. As for now, the price is gradually moving towards the 200-day SMA at 126.27, which will probably slow down the downtrend, however, if it is breached, then next support at 125.96 (weekly PP) might reverse the prevailing movement downwards. Moreover,
The bearish reaction, which occurred yesterday, did not manage to decline even further, as today the EUR/CAD currency pair experienced another bullish correction, and at the particular moment the currency couple is slowly heading towards the 200-day SMA at 1.2827, which will probably bring some bearish momentum. In case it fails to stop the rally, then next resistance at 1.2864
The bearish trend, which started yesterday, successfully managed to continue, and today the EUR/AUD currency couple has already managed to break down from the bullish price channel, and now the price is gradually approaching the 200-day SMA at 1.2419, which is expected to bring some bullish impulse. However, if it fails to stop the prevailing decline, then next support at
Fibonacci (23.6% of move since 5th of September) and weekly pivot (PP) at 0.8249/39 provided enough support for the pair but it lacks momentum to advance further and is stuck below 0.83. Although technical indicators point at appreciation of the pair it is much more likely pair will continue to stay in current range between 0.8250 and 0.83.
Pairs shy rally today strengthens the doubts about further appreciation of the pair as technical indicators point down. However, the Stochastic indicator suggests that bullish correction is not over yet and this temporary setback is due to monthly pivot at 0.9769 which, unexpectedly, gives strong resistance for pairs advance.
Pair bounced from 55 day SMA at 1.0424 but seems to lack momentum and is currently hovering above Fibonacci (38.2% of move since 6th of September) at 1.0446. Pairs downside risk is still elevated since it is highly likely that is has not undergone full bearish correction and amount of posted sell orders point at strong resistance above the current
After receiving a push from Bollinger band at 103.920 pair has gained some momentum and currently is testing 200 day SMA at 102.140. Pairs downside risk persists, but its way down should not be as fast as recent bullish rally as support levels at 101.818 and 101.616 are in close proximity to each other.
Strong selling pressure permitted only a tepid rally to appear on the chart, implying that bearish momentum is not yet exhausted and may continue to drag the price down. The initial support lies at 0.9253, whereas subsequent levels are at 0.9198/73 and 0.9083. Resistances have a much lower chance of coming into play soon, but remain ready at 0.9328 and
Downtrend resistance line was unable to contain the pair, allowing it to take a course on the 200 day SMA and recent high at 79.65/73, above which there are few resistances capable of impeding growth of the price. Prior to that, however, USD/JPY will face 79.31/38, which is also unlikely to give in easily and therefore poses a threat to
GBP/USD is about to hit a one-year high at 1.6300, which is also reinforced by resistance at 1.6329/31. In view of this, advancement of the currency pair is not as determined as it was previously, leading to a conclusion that probability of a correction continues to increase, although support at 1.6177/45 should prevent extension of a likely decline.
Following a shallow dip down to a weekly pivot point level at 1.3012, EUR/USD inches higher and once again proves to carry substantial amount of bullish impetus. It is supposed to push the price further towards 1.3226/69, while more important levels are located slightly higher—at 1.3425 (a major downtrend resistance line) and 1.3485 (the highest this year's value).
The bearish reaction, which occurred yesterday, failed to continue, as today the XAU/USD exchange rate experienced another bullish correction, and the price at the particular moment is gradually approaching the upper Bollinger band at 1800, which might stop the prevailing uptrend. In case it fails to slow down the rally, then next resistance at 1817 (weekly R2) will probably bring
The bullish tendency, which started yesterday, successfully managed to continue, as today the GBP/JPY currency pair advanced even further, and now the currency couple is about to test the upper Bollinger band at 127.95, which will probably bring some bearish momentum. In case it is breached, then the price is likely to reach the resistance of the prevailing bullish price
Today the EUR/CAD currency couple experienced a bearish reaction, which has already made a significant move downwards, and at the particular moment the currency pair confronts the monthly R2 at 1.2711, which is likely to bring some bullish impulse. If it fails to stop the downtrend, then next support at 1.2641 (weekly PP) will probably stop the prevailing movement downwards.
The bullish tendency, which started a few days ago, failed to advance further, as EUR/AUD rebounded from the weekly R1 at 1.2513, and now the currency couple is slowly approaching the support of the prevailing price channel at 1.2455, which might slow down the bearish reaction. In case it is broken, then the price might reach the weekly PP at
NZD/USD slows down on its way back as Fibonacci (23.6% of move since 5th of September) and weekly pivot (PP) at 0.8249/39 provided enough support for the pair. Technical indicators and traders' sentiment suggest that pair will pick up the pace again and continue to appreciate trying to breach 0.8328 and, more importantly, 0.8352 in the near future.
Pair continues to appreciate and at the moment is trying to breach monthly pivot (S1) at 0.9769. Pairs recovery is not as rapid as one would expect, together with readings of technical indicators this indicates that downside risk on the pair is still significant and it might experience difficulties trying to breach any of resistance levels at 0.9769, 0.9792 or
Pair continues to go through bearish correction after extremely bullish week. It breached Fibonacci (38.2% of move since 6th of September) at 1.0446 after receiving a push down from weekly pivot (PP) at 1.0493. Although technical indicators suggest that this correction should not last long we should take in to account that much more indicators give neutral signal and pair
Pair continues to depreciate after unsuccessfully trying to breach weekly pivot (R1) at 104.014 yesterday. Although Stochastic indicator gives sell signal suggesting further depreciation of the pair, traders' sentiment suggests pair will face significant resistance on it's way down and further augmentation of the pair is much more likely.