USD/JPY pair continues to move inside a triangle pattern, as the price made a third high on the upper boundary at 82.44, suggesting to open a short position. But on the other hand, technical indicators return in a neutral zone, while the price is traded in a flat corridor. Therefore, it is very likely to see an extension of the
After few attempts to breach the weekly R2 level at 1.6115, GBP/USD pair slipped lower and currently moves towards a target support at 1.6015/1.6003. This level is important, as it the point of intersection of weekly and monthly PPs with the 55-day and 100-day SMAs.
EUR/USD pair depreciated sharply during a yesterday's trading session. The pair easily overcame the weekly R1 at 1.3055 and slipped to the weekly PP level at 1.2968. Currently, the price consolidates around this area, but target resistance is 1.2926/1.2891, where the weekly S1 and monthly PP merge with the 55-day and 20-day SMAs.
After having difficulties breaching 0.8247, pair gained momentum and breached quite a few major resistance levels. It does not seem that 0.8341 will be much of a trouble as well. The real question is about 0.8355 as after this major psychological level it is rather questionable if 0.84 will manage to slow down the pair. Technical indicators give positive outlook,
After being range bound for a few weeks, pair is giving first more conclusive directional indication as it has been depreciating for the past three days, and technical indicators allow us to think that weekly S1 is going to be just a minor setback. Real challenge for the greenback will begin if pair will approach cluster of support levels at
Pair started day passively, but increased the pace later in the day after touching weekly PP at 1.0438 and breaching weekly R1 at 1.0475, level which was unreachable for the pair in the last few weeks. At the moment pair is close to advancing above and reaching the highest level in more than a month. However, gloomy readings from technical
After opening pair tried to continue its rally and step up above 108 JPY, but crumbled after hitting 107.88 and at the moment is trading almost 100 pips below this mark. We can rather confidently say that is not the last attempt to reach new high, but for the time being we can just watch if 106.70 will be enough
Situation in USD/CHF pair does not change, as the price remains in a narrow range below the up-trend line at 0.9279. If the currency pair moves north, it is likely to see it around a 0.9327/46 area, where the monthly PP and weekly R1 merge with the 55-day SMA. Provided that the price continues its depreciation, the key support will
This week USD/JPY pair is very volatile, but only in a narrow zone, bounded by the weekly S1 at 81.56 and a down-sloping line at 82.45. The pair forms a triangle, thus making it possible to trade from the sides of the pattern. On the other hand, technical indicators return to a neutral zone, while the price stays in the
This week GBP/USD pair is very stable, as the price tried to breach the weekly R2 at 1.6115, but still consolidates below it. Seems that the currency pair lost its momentum and gradually declines. This movement can receive support if long positions are closed and profits are taken, being a likely scenario given current conditions. In case this happens, the
EUR/USD slips for a second trading session, as a 1.3115/21 resistance level (the weekly R2 and monthly R1) proved to be strong enough to stop a price's appreciation. Currently, the currency pair is testing the weekly R1 at 1.3055 and, if this resistance does not cause too much trouble, the price might reach a 1.2907/1.2891 area, where the monthly PP
Today the XAU/USD exchange rate experienced another consequent movement downwards, and now the price is gradually heading towards the lower Bollinger band at 1690, which is very likely to change the direction of the prevailing tendency, however, if it is breached, then the exchange rate will probably reach the weekly S2 at 1678, which in turn might bring some bullish
Yesterday's bearish reaction, did not manage to prevail, as today GBP/JPY rebounded from the weekly PP at 131.79, and at the particular moment the price is heading towards the weekly R1 at 133.14, which will probably bring some bearish momentum, but if it is broken, then the currency couple might reach the upper Bollinger band at 134.37, which in turn
The interim uptrend has failed to continue, as today the EUR/CAD currency pair experienced a slight bearish reaction, as the price bounced off the weekly R2. As for now, the currency couple is facing the weekly R1 at 1.2969, which might bring some bullish impulse, however, if it fails to stop the bearish trend, then the price is likely to
The bearish trend, which started yesterday, has successfully managed to continue, as today the EUR/AUD currency couple experienced another significant movement downwards, and at the particular moment the currency pair is about to test the 55-day SMA at 1.2472, which is very likely to stop the downtrend, however, if it is broken, then the price might reach the 20-day SMA,
After a commendable rally pair slowed down today, and hovers at around 0.8247. Main concerns around the pair are that quite a few technical indicators give neutral outlook as it approaches a recent high at 0.826 and autumn high at 0.830 and it seems plausible we might see something similar to a 150 dip that took place in 7th and
For the past 10 days pair has been rather erratic and has been trading within the 0.9900-0.9950 boundaries. Technical indicators give negative outlook on the pair, but as it seems from current development s market participants see some potential in the pair as they don't allow it to deviate far from the parity.
As predicted, pair tried to reach new high, but the first resistance at weekly pivot at 1.0476 managed to bring it down. For the time being pair should be rather calm, but it is very likely it will try to step up closer to 1.05 sometime this week or at the beginning of the next week.
At some point pair was up by 75 pips today, but gave up the pace slightly before the first major resistance at 108.13 and has been range bound between 106.5 and 108 JPY for the past week. Technical indicators suggest pair will step up some more, however, it is rather important that both, on daily and weekly perspective, the Stochastic
Despite the fact that USD/CHF pair broke an up-trend line at 0.9274, it still faces difficulties to slip lower. The price retests the up-trend line from the bottom for the third day that seems to be a consolidation before a high time frame impulse. Thus, it is risky to open a position now, and it would be rational to wait
Last few days losses in USD/JPY pair are almost erased, as the pair surged tonight from the lower Bollinger band and is currently retesting the weekly PP at 82.30. The price has not broken neither the last high nor the last low, so it is possible to see a symmetrical triangle and trade from its boundaries.
GBP/USD pair moved lazily yesterday and attempted to breach the weekly R2 level at 1.6115, but was pushed back. Today, the price steps higher and is already retesting this level. The next resistance area is at 1.6165/81, where the monthly R1 and weekly R3 merge with a downside trend-line. Also the RSI has a value of 65, being very close
EUR/USD pair continues to appreciate and today reached the key resistance level at 1.3115/21, where the monthly R1 and weekly R2 intersect with the upper Bollinger band. The price increases for a sixth consecutive trading session and reached a seven-week high. Together with it the RSI has value of 73, indicating that the currency couple is overbought.
Yesterday's bearish reaction successfully managed to continue, as today the XAU/USD exchange rate experienced another significant bearish movement, and now the price confronts the lower Bollinger band at 1696, which is expected to change the direction of the prevailing movement downwards, however, if it is breached, then the exchange rate might decline until the weekly S2 at 1678, which in