The cable appears to be reluctant to continue advancing, completing its up leg in a bearish channel. Now the pair is set to decline, although technical indicators remain mixed, suggesting that GBP/USD may delay gaining downward momentum. In the near term rallies are to be contained by 1.6028 and 1.6047/62, while supports at 1.5987/57 and 1.5938/24 may hamper movement down.
The currency pair has slipped ahead of a major down-trend resistance line at a preceding level that consists of a recent high and a Bollinger band at 1.3000/20, thus forming a bearish engulfing pattern yesterday. If the current dip is only a temporary downward correction, than the nearest supports located at 1.2899/97 and 1.2813/1.2775 are to prevent it from extending
The downtrend, which started yesterday, has successfully managed to continue, and now the currency pair is soon about to face the 55-day SMA at 0.8194, which is very likely to stop the downtrend, but if it is breached, then next support at 0.8174 (100-day SMA) is expected to change the prevailing bearish tendency. However, the overall indicator outlook is bearish,
Yesterday's bearish movement successfully managed to prevail, and at the particular moment the price is about to test the 55-day SMA at 0.9917, which might slow down the current tendency. The indicator outlook shows a bullish signal, therefore supporting the potential trend reversal in the nearest future.
Today a slight movement downwards occurred, and at the particular moment the AUD/USD currency couple is slowly moving towards the weekly PP at 1.042. If it is broken, then 20-day SMA will probably bring some bullish impulse. Additionally, the indicator outlook is neutral, and it is not expected to change in the nearest future.
Today the EUR/JPY currency couple experienced a slight bullish correction, however it is not expected to stop the downtrend, which started yesterday. As for now, the price is gradually heading towards the monthly R2 at 107.43, but if it is breached, then the currency pair might face the upper Bollinger band at 108.30, which is expected to reverse the uptrend.
USD/CHF pair slips lower, as yesterday reached 0.9251, the lowest level in one month.
USD/JPY currency pair gradually swings lower in a H1 timeframe Bollinger bands range and permanently makes new lows, what indicates about an upside momentum weakening.
GBP/USD pair experienced a calm Monday trading session, what was a consolidation after the last week's huge gains.
EUR/USD pair maintains its uptrend's momentum and rapidly steps higher, as during Asia trading hours, the price breached a previous high and peaked a new one at 1.3007.
For tried trading session pair tried to step up higher but did not manage to breach 0.825 and at the moment is supported only bu monthly pivot (PP0 at 0.8218. Technical indicators suggest that this dip should persist some time more, but it should take some time for the pair to breach a cluster of support levels at 0.82. A
Pair prepares for another attempt to breach the parity. Such event is rather plausible as market sentiment is moderately bullish and technicals give rather strong indication of a rally. However, it is fairly likely that pair wont manage to advance above parity condition once again.
Pair has started the week fairly neutrally staying in 25 pip range and closing pretty much in opening prices. It seems that 1.047 once again will be unreachable level for the pair, but it is still unclear if 1.042 or 1.040 will be the main support areas.
After posing for continuation of the last weeks rally pair dipped as it did nor manage to breach 107 JPY mark. Taking in to account recent developments, current market sentiment and readings of the stochastic indicator on 1D horizon it was rather evident that pair rocketed in to oversold area and we are likely to see a correction towards 106
The interim uptrend has failed to prevail, as today the XAU/USD exchange rate experienced a slight movement downwards, and at the particular moment the exchange rate is slowly approaching the 55-day SMA at 1737, which is very likely to stop the current bearish tendency, however, if it fails to slow down the downtrend, then the price might reach the 20-day
Today GBP/JPY experienced a significant bearish reaction, which has already broken the weekly R1, and at the particular moment the currency pair is about to test the weekly PP at 131.19, which will probably bring some bullish impulse, but if it is breached, then the currency couple is likely to reach the weekly S1 at 130.05, which in turn might
The uptrend has failed to continue, as today the EUR/CAD currency pair experienced a slight bearish reaction, and now the currency couple is slowly moving towards the monthly PP at 1.2854, which might bring some bullish impulse, however, if it fails to stop the downtrend, then the price will probably decline until the 55-day SMA at 1.2777, which in turn
The interim bullish trend, which started a couple of days ago, has successfully managed to continue, and at the particular moment the currency couple is gradually approaching the 55-day SMA at 1.2469, which is likely to slow down the rally, however, if it is broken, then the price might reach the upper Bollinger band at 1.2511, which in turn is
USD/CHF pair's depreciation increases its pace, as the price has sharply slipped in Friday's trading session.
In the last few trading session, USD/JPY pair is traded in a very narrow range, as the price consolidates after an extremely quick appreciation during the previous week.
GBP/USD pair experienced a very volatile trading session on Friday, as the price surged almost 100 pips during U.S. trading hours and peak a new two-month high at 1.6050 level.
Last Friday was very a volatile trading session in EUR/USD pair, as the price increased till 1.2989 level and that was the highest point in almost two months.
The movement downwards, which started yesterday, has failed to continue, as today the XAU/USD exchange rate experienced a significant movement upwards. As for now the price confronts the weekly R2 at 1753, which might slow down the rally, however, if it is broken, then the exchange rate will probably reach the upper Bollinger band at 1761, which in turn is
The bearish reaction, which occurred yesterday, has failed to continue, as today GBP/JPY experienced a bullish correction, and at the particular moment the currency pair is about to test the upper Bollinger band at 132.62, which is expected to change the direction of the current tendency, however, if it is broken, the the price might advance until the weekly R3