Pair advanced by more than 60 pips after receiving a bullish impetus from 55-day SAM at 1.034 yesterday. Although pairs outlook is rather neutral, stochastic indicator suggests it is not just a one time incident, but rather a start of a bullish rally which should test strong resistance areas around 1.044 and 1.047 rather soon.
After a minor tip toe of 33 pips yesterday pair is hovering slightly below 104 JPY. It seems It is planning to stay there for some time more, but Stochastic indicator suggest pair is oversold and bearish dip is just around the corner. However, longer term technicals and support levels allow us to believe that dip should not be much
After the test of the 200-day SMA at 1.5859 in the end of last week, GBP/USD pair steps higher and currently is traded at 1.5915. The pair retreated from the weekly S1 level at 1.5844 and now easily moves towards the 100-day SMA and the weekly R1, which intercept at 1.5944 level. Considering an uptrend scenario, 1.5932-1.5967 range will be
During Friday trading session USD/CHF pair moved up and checked the 200-day SMA at 0.9466. Seems that the check test was successful, as the price closed beneath the moving average and today extends a downside movement. The possible support levels are 0.9393, the weekly S1, and the 0.9362-0.9344 range, where the 55-day SMA and the weekly S2 cross.
USD/JPY pair made a peak at 81.55 during Friday's trading session and that was the highest point in 7 months. The RSI indicator in a daily graph has reached 72.7 points in the peak point, however, this value forms a down-trend in the RSI graph, what makes a divergence with the price's uptrend. In case the price still has a
EUR/USD pair during Friday trading session moved down and in a daily graph tested the SMA for 200 bars at 1.2725 and in a H4 graph reached the lower line of Bollinger Bands. Currently, the price has slightly increased and is traded at 1.2758. If upward trend scenario takes the scene, 1.2800 level will be important with the monthly S1
The interim downtrend, which started a week ago, has successfully managed to continue, as today the XAU/USD exchange rate experienced another consequent movement downwards, which has already managed to overcome the 20-day SMA at 1712. As for now, the price is gradually heading towards the lower Bollinger band at 1690, which is expected to reverse the prevailing downtrend, however, if
The interim uptrend, which started a couple of days ago, has successfully managed to continue, as today GBP/JPY experienced another consequent bullish correction, and at the particular moment the price is slowly approaching the upper Bollinger band at 129.62, which is very likely to change the direction of the prevailing tendency, however, if it fails to slow down the rally,
Today the EUR/CAD currency pair experienced a slight bearish movement, which has already managed to breach the 55-day SMA, and now the currency couple is about to test the 200-day SMA at 1.2730, which is expected to reverse the prevailing movement downwards. In case it broken, then the price is very likely to reach the monthly S1 at 1.2685, which
The bullish tendency, which started two days ago, has failed to continue, as today the EUR/AUD currency couple experienced a slight bearish reaction, and at the particular moment the currency pair is heading towards the monthly S1 at 1.2301, which might bring some bullish impulse, however, if it is breached, then the price might reach the weekly S1 at
Pair tried to claw back some of its losses, but it seems we are rather likely to see a dip to 200-day SMA average in the near future instead. Main reason for this could be a bearish impetus pair received from 20-bar SMA at 13th of November. If Bollinger band won't manage to provide significant support for the pair we
It seems pair managed to consolidate above parity condition, but significant portion of traders still have doubts about pairs future as it has been testing 200-day SMA, but did not manage to advance above Bollinger band almost for the whole trading week. It is unlikely pair will advance far above current levels, as quite a few technical indicators give neutral
Pair is continuing its dip. At the beginning of the session it seemed it might recover some of the losses, but already 55-day SMA became an unreachable level for the pair. It pushed the pair, which is being held by Bollinger band at the moment, down by almost 50 pips. Outlook on the pair is neutral, therefore a lot of
After promising rally pair did not manage to step up above 104 JPY mark and ended its rally at 103.88; at the moment pair is hovering at 103.3. For the rest of the trading week not much should influence pair as it has been fluctuating between two technical levels for the whole day and short term technicals give neutral outlook.
Yesterday USD/CHF pair settled beneath the 200-day SMA and slipped even lower, touching the weekly S1 and the 20-day SMA, which indicates the middle of Bollinger bands range. Currently, the price steps higher and holds a great likelihood to retest the 200-day SMA at 0.9462 in a daily graph scale, but as it has already broken a short period up-trend
USD/JPY pair's surge during the last few days was stopped by the 81.12 level and currently the price edges lower, checking the monthly R1 level at 80.89 and, as rarely happens, the upper Bollinger line from above. If the price does not surge further in a few upcoming days, the pair will experience a divergence between the price and the
Yesterday GBP/USD pair increased till the 200-day SMA at 1.5859 level and finished trading session exactly on the line. As the current situation is rather vague, both directions have high possibilities to occur. If the price turns down, support levels would be 1.5784, with the monthly and weekly S2 levels, and 1.5715, historical flat range, the upper line of which
In the morning of yesterday's trading session EUR/USD pair did some swings with bottoms slightly higher than the 200-day SMA and after this settlement above the moving average sharply advanced, making an intraday peak at 1.2801. However, yesterday's session closed at 1.2782, in the middle of the weekly PP 1.2762 and the monthly S1 at 1.2799. Currently, the exchange rate
Dearth of buying pressure around 0.8148 resulted in a yesterday's close price dropping beneath the up-trend support line, implying that a period of kiwi's appreciation relatively to the greenback has come to an end. A pullback to the breached line seems to be a viable scenario and would create new trading opportunities. According to technical indicators the price should pare
Overall the outlook appears to be strongly bullish, mainly due to clearance of the 200-day SMA that prevented emergence of a recovery in a conjunction with a psychological level around parity, as round numbers are generally believed to be considerable obstacles in the way of price moves. Right now USD/CAD is well-positioned for further gains, but the bullish impetus looks
AUD/USD has finally closed below the up-trend support line that was responsible for a nearly 300-pip rally over the last 30 days. Both 55 and 100-day SMAs have already been broken, leaving the 200-day SMA at 1.0260/55 exposed. Support levels scattered en route to the moving average are unlikely to pose a serious threat to the evolving leg down, although
In continuation to the rally incepted at 101.11, being the current location of the 200-day SMA, the price has effortlessly pierced through the remaining resistances that separated it from the bearish trend-line presently standing at 103.67. EUR/JPY is expected to have a hard time overcoming it, since it is also an intersection point with an up-trend resistance line drawn form
The interim downtrend, which started three days ago, has successfully managed to continue, as today the XAU/USD exchange rate experienced another consequent movement downwards, therefore supporting the current tendency. As for now, the price is facing the 20-day SMA at 1713, which might bring some bullish impetus, however, if it is breached, then the exchange rate will probably reach the
The bullish correction, which occurred yesterday, has successfully managed to continue, since today the GBP/JPY currency couple experienced another significant movement upwards, which has already managed to breach the 20-day SMA at 127.87, and at the particular moment the price is gradually approaching the upper Bollinger band at 129.44, which might slow down the rally, but if it fails to