Although RSI indicator shows neutral signal, the bearish trend, which started two days ago, continues, and now the AUD/JPY currency pair is gradually heading towards the lower Bollinger band at 81.65, which is very likely to stop the prevailing tendency, however, if it is broken, then next support at 81.28 (monthly PP) will probably bring some bullish impetus. On the
The uptrend, which started on August 20th, successfully advances further, and now the EUR/AUD currency couple is slowly heading towards the upper Bollinger band at 1.2079, which is very likely to bring some bearish momentum. In case it is breached, then the currency pair might reach the weekly R3 at 1.2125, which in turn will probably change the direction of
Interim bullish trend was finished yesterday, when the EUR/CAD currency pair rebounded from the upper Bollinger band at 1.2525, and today the price has experienced a bearish reaction, which has already managed to breach the 55-day SMA at 1.2446, and now the currency couple is slowly approaching the weekly R1, which might slow down the downtrend. If it fails to
Pair forms a second top for a double top pattern and is likely depreciate to pattern support at 80 cent mark. In the medium term pair is equally likely to breach the mentioned level as it is to bounce from it and form a triple top pattern.
Pair poses for a short term recovery as it tested monthly S1 at 0.9942. However, pairs outlook and expert expectations remain negative as pair is expected to drop below 99 cent mark by the end of trading session.
It seems that pair is driven completely by the fundamental news regarding the commodity prices, especially those from mining sector, but cluster of support levels at 1.0345 should stop pairs depreciation by the end of the trading week.
Pair tumbled today and is testing Fibonacci retracement at 97.937. It is unlikely the pair will breach this level due to major psychological pressure as quite a few market participants expect to see a pullback till the end of the trading week.
Rate of the greenback's depreciation against the swissie is slowing down ahead of a support line at 0.9504, implying an increased possibility of a bullish correction taking place. Nevertheless, the rally is likely to be shallow, given that USD/CHF is anticipated to decline to 0.9395/82 in a longer time perspective. Accordingly, resistances at 0.9589/9606 and 0.9643 are to ensure that
Support at 78.71/59 managed to underpin the pair after an accelerated move downwards, but nevertheless appears to be under risk of being breached. Additional levels of interest, capable of reigniting bullish activity of the price, are at 77.98/67 and 77.34/18. Once the positive outlook is restored, USD/JPY will encounter resistances at 78.98/79.20 and 79.50/58.
Following a starkly rally, GBP/USD is in a bearish correction, which should not extend beyond supports either at 1.5849 or at 1.5824/1.5796. Moreover, as long as 1.5763/41 remains intact, near-term positive outlook will be preserved. The initial resistance is located far ahead, at 1.5983, and guards a major downtrend resistance at 1.6118.
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