Pair bounced from the weekly PP and is continuing to show mild bullishness, but it seems to be range bound in any case (0.8196 to 0.8334 in medium to long term; 0.8266 to 0.8334 in the short term).
Pair bounced off the 10th of October peak which was a noticeable peak since the beginning of September.
Despite the bullishness yesterday, the pair failed to consolidate above the 95 cent mark.
55-day SMA and monthly PP did not manage to keep the pair above the 133 JPY mark.
The market has confirmed the presence of a notable resistance zone around the June low at 0.9128, though this is highly unlikely to stop USD/CHF from advancing towards the next target at 0.9204/0.9186.
Right now USD/JPY is undergoing a correction, but a combination of the 55, 100 and 200-day SMAs has a good chance of stopping the dip from developing any further.
A shallow rally that has appeared after a test of the support at 1.5921 is about to encounter the resistance at 1.6013/1.5996, which in turn is followed by the monthly pivot point at 1.6066.
Yesterday an attempt of EUR/USD to close below the support trend-line did not succeed, and now the currency pair is trading at the 55-day SMA.
Pair is showing some bullish properties, but it is very likely it might remain somewhat range bound between 0.8195 and 0.8335 as it was in the last week or so.
Pair continues to depreciate and at the moment is hovering above a cluster of technical levels at 1.0400/358.
Pair is channelling some bullishness and at the moment and is testing 95 cent mark.
Pair started the week in a calm fashion and at the moment is hovering above the 55-day SMA.
The beginning of the last week the Euro stayed buoyant. Within the first three days the common currency even appreciated 0.3%, even though its main counterpart, the U.S. Dollar, has been on the constant rise since Oct 28 despite weak fundamentals. Apparently, the market participants gave the Euro the benefit of the doubt ahead of the important macroeconomic releases that
USD/CHF has found significant resistance in the face of 0.9128/25 and may therefore slip to the nearest support at 0.9061/47 or at 0.9031/21 before making another attempt to overcome this supply zone.
Considering that USD/JPY has recently respected the up-trend that connects the minima charted since February and penetrated the key resistance at 98.50/33 (200-day SMA), the U.S. Dollar is set to strengthen against the Japanese Yen in the long run, as evidenced by the monthly technicals as well.
Similarly to EUR/USD, the Cable, being unable to overcome the major down-trend, is sliding down.
Although the currency pair has stopped at 1.3506/1.3492 for now, it still seems to be inclined to move lower after a strongly bearish week.
It seems that support from 55-day SMA is irrelevant anymore and only October low in conjunction with weekly S1 seems to be holding the pair.
It seems the pair has stabilized around September high after yesterday's sell off.
Pair has dipped below the weekly PP and seems to be aiming at 55-day SMA.
Pair continues to depreciate; it dipped below the 133 JPY but seems to have found support with the 55-day SMA.
As expected the pair continues to appreciate and at the moment is testing weekly R2/55-day SMA.
Pair continue to narrow it's trading range (which look like a Triangle pattern) and despite the aggregate reading of short and medium term technicals we expect a bullish breakout.
Pair showed the intention, but failed to return above the uptrend support.