The interim uptrend, which started a couple of days ago, has failed to advance further, as today EUR/CAD experienced a slight bearish reaction. At the particular moment the price is heading towards the 55-day SMA at 1.2759, which will probably bring some bullish impulse, but if it is broken, then the currency pair might reach the 200-day SMA at 1.2731,
The bullish tendency, which started yesterday, successfully managed to continue, as today the EUR/AUD currency pair experienced another significant bullish advance, an now the currency couple is about to test the 20-day SMA at 1.2364, which is very likely to bring some bearish impetus, however, if it fails to stop the prevailing rally, then the price might reach the 200-day
During yesterday's trading session it seemed that the price will brake through the 200-day SMA very easily, however, the price retreated and currently retests the moving average from beneath. If the price settles below, we will experience an extension of a downside correction, with possible support levels at 0.9352, where the weekly PP and the 55-day SMA lie, and 0.9322
USD/JPY pair sharply increases for the second day. After the pair bounced from the 200-day SMA at 79.40, the price is surging and today made a new high at 80.95. However, currently USD/JPY is traded around the 80.80 level, where the upper Bollinger line goes. The price appreciation is possible, as indicators have not entered an oversold zone yet, but
Yesterday GBP/USD pair finally breached the 200-day SMA at the 1.5859 level and stopped at 1.5838, where the weekly S1 goes. Currently, the price steps slightly higher than yesterday closing price, thus the moving average will be tested from the bottom, in order to continue the downtrend. However, a short position may contain a lot of risk, as the RSI
The bearish tendency, which started on October 31st, has failed to continue, as the last few days the major currency pair firmly appreciated. The depreciation was stopped by the 1.2705 level, which formed a support along with the 100-day SMA. Currently, the price approaches the 200-day SMA and if it is successful, the exchange rate will open free area for
The bearish tendency, which started two days ago, has failed to continue, as today the XAU/USD exchange rate experienced a slight bullish movement, therefore supporting the interim uptrend. As for now, the exchange rate is gradually heading towards the 55-day SMA at 1743, which will probably stop the prevailing tendency. If it fails to slow down the uptrend, the
The interim downtrend has failed to continue, as today GBP/JPY experienced a huge bullish correction, and at the particular moment the currency pair is slowly approaching the 20-day SMA at 127.81, which might bring some bearish impetus. In case it is broken, then the currency couple will probably reach the weekly R1 at 128.25, which in turn might slow down
The uptrend, which started yesterday, successfully managed to continue, as today the EUR/CAD currency pair experienced another consequent bullish movement, and now the currency couple confronts the weekly R1 at 1.2781, which is very likely to slow down the current rally, however, if it fails to stop the uptrend, then the price is likely to reach the 20-day SMA at
The interim downtrend, which started more than two weeks ago, has failed to continue, as today the EUR/AUD currency couple experienced a significant bullish correction, and at the particular moment the currency pair is about to test the monthly S1 at 1.2301, which might bring some bearish momentum, however, if it is breached, then the price might reach the 20-day
Yesterday looked promising for the pair, but today we see completely different view. Yesterday, before closing after peaking to 0.82, pair lost 40 pips; today it lost additional 90 pips already and at the moment is supported only by monthly pivot (S1)/Bollinger band at 0.81. At the moment it is unclear if this area will become turning point, as it
Pair is strengthening positions above parity condition and is approaching recent highs/Bollinger band at 1.035. However, once you take a look at technical indicators, outlook of the pairs future looks rather grim. It should not drop far below parity condition, but for the time being it does not seem that breaching 1.035 it a plausible target for the pair.
After two successful days pair did not manage to breach Bollinger band and is testing the support of 100 –day SMA after dropping by almost 75 pips today. This mover did not come as a surprise taking in to account recent behavior of the pair, however, 75 pip dive seems a bit steep and we should see a bullish correction
After dipping to 100.3 yesterday pair bounced and never looked back. At the moment it is hovering supported by 55-day SMA. Although this rally was long anticipated and awaited, but by undergoing it pair almost undoubtedly stepped in to oversold area, as indicated by technical indicators on daily outlook, ant it is likely we will see a bearish correction to
As USD/CHF pair made a new high at 0.9512 in the yesterday's morning, it quickly changed its direction and moved down and even closed with a negative performance. Today, the price continues its correction and have already reached the 200-day SMA and the weekly PP at 0.9458. In case this level is breached, the price will have a wide area
Yesterday morning USD/JPY pair was reasonably below the 200-day SMA, but after the touch of the lower Bollinger line, the price retreated and closed exactly on the moving average at 79.46. Today, the price faces bullish sentiments and appreciates to 79.71, the weekly PP. The next support level will be the 20-day SMA at 79.86 and after that the currency
Yesterday GBP/USD pair touched the 200-day SMA, but closed slightly higher at 1.5874, therefore it is incorrect to say that the price tested the moving average properly and due to that holds a high probability of retesting this level. Since the pair is bounded by the moving averages: the 100-day SMA from above at 1.5930 and the 200-day SMA from
Yesterday EUR/USD tried to breach the 100-day SMA at 1.2698, but the support level at 1.2693 was formidable enough to force the pair to pull back the price up. The last session closed just a few pips above the moving average and today the price moves slightly higher at 1.2720. However, as recently the 200-day SMA was broken so easily,
The bearish decline, which happened yesterday, has failed to continue, as today the XAU/USD exchange rate experienced a slight bullish correction, therefore supporting the interim uptrend. As for now, the price is gradually heading towards the 55-day SMA at 1743, which might bring some bearish impetus, however, if it fails to stop the uptrend, then the exchange rate might reach
The bullish correction, which occurred yesterday, has failed to continue, as today the GBP/JPY currency couple experienced another consequent bearish reaction, therefore supporting the interim downtrend. At the particular moment the currency pair is about to test the 200-day SMA at 125.99, which is very likely to reverse the direction of the prevailing trend. However, if it is broken, then
The bearish reaction, which occurred yesterday, has failed to continue, as today EUR/CAD experienced a bullish correction, which at the particular moment confronts the 200-day SMA at 1.2739, which is expected to change the direction of the current movement upwards. In case it fails to slow down the rally, then the currency couple might reach the weekly R1 at 1.2781,
Today the EUR/AUD currency pair experienced another movement downwards. therefore maintaining its interim bearish outlook. At the particular moment the price is slowly approaching the weekly S1 at 1.2152, which is likely to bring some bullish impulse, however, if it is breached, then the currency couple might decline until the lower Bollinger band at 1.2081, which in turn is expected
Pair continues to advance after receiving a bullish impetus from 100-day SMA yesterday. It has been briefly paused by weekly pivot and 200-day SMA but it is very likely pair will try to advance above these levels later in the session, but as readings of technical indicators are inconclusive it seems that bearish market sentiment will drag pair down back
After brief dip pair managed to consolidate above parity condition. However, with this advance Stochastic indicators on daily and weekly outlooks indicate that pair is being overbought and we are a day or two away from a bearish correction. This would suggest that at the moment we are seeing formation of second top for a Double Top pattern with support