GBP/USD repeats the major currency pair's actions recently.
EUR/USD pair was testing a 1.3240 level yesterday and ,despite an upside impulse, the price was finally pushed back and closed exactly at the 1.3240 level after Thursday's trading session.
Pair continuing its bearish correction and at the moment is supported by 20-day SMA and monthly R1 at 0.833. Taking in to account recent developments and pairs momentum there is a high probability that these levels wont be much of a problem for the pair today making 0.8265 next target.
Early in the session pair tried to recover some of its losses, but dropped by almost 30 pips after receiving a bearish impetus from 1.05. It seems that this dip, coming mostly from weekly technicals, will last some time more, but either 1.045 or 1.0417 should become those levels which should kick the pair in higher gear as in these
Despite a rather choppy session today pair is continuing its humble rally as 100 and 20-day SMA's seems to have become strong support levels for the pair. However, current market sentiment and recent developments around 0.99 area suggests that pair might not breach this important level at once but, rather do so (if to do at all) in the course
Pair took a brake while trying to breach 112. Yesterday and today, it managed to briefly advance above this important psychological level, but monthly R2 yesterday and Bollinger band today were the main obstacles. It seems that for the time being pair lacks the catalyst which could push it further. Situation might be completely different next week, but for the
USD/CHF pair's depreciation was stopped at 0.9130 yesterday.
USD/JPY currency pair slips lower after yesterday's new peak at 84.60.
GBP/USD pair experienced a volatile trading session yesterday.
Seems that EUR/USD pair loses it up-trend momentum, as the price yesterday peaked at 1.3306, but finally reversed and retreated back to a 1.3240 level, which is important resistance from the spring's channel pattern.
Pair has already depreciated more than 50 pips today as it is trying to consolidate below the autumn high at 0.8356. However, it is likely this level will give at least a short lived bullish impetus for the pair and we should see a recovery to 0.84. After that it becomes a bit more complicated as whole area from 0.84
Earlier today pair had difficulties trying to consolidate above 0.985, but at the moment the outlook is fairly positive as it is testing 100-day SMA at 0.9879. However, longer term prospects raise a lot of doubts as pair is approaching area which is rather compacted with resistance levels.
Earlier in the session pair tried to recover some of its yesterdays losses, but received yet another bearish impetus from 1.0533 and at the moment it is supported by 20-day SMA/weekly S1 at 1.0486/81. It seems it is enough for the time being, but we might be up for a major dip as there are not much major support levels
Pair has been appreciating ever since it hit 110 JPY and at the moment it is testing monthly R2 at 112.36. Pair has had a very impressive rally for quite some time now and it raises a lot of suspicions that pair is way in the overbought area and the only questions is how long till bearish correction. Especially taking
USD/CHF pair experiences a heavy depreciation, as the price decreased to the lowest level since May, 2012. The exchange rate moves along the lower Bollinger line towards the weekly S1 at 0.9101 and the monthly S2 at 0.9079. Looking from a wider perspective in the weekly graph the lower Bollinger line is at 90.70, which will be a strong resistance
Bullish sentiments and expectations in USD/JPY pair lifted the price to a new high at 84.43, which is the highest level since April, 2012. After a weekend's gap the exchange rate slipped to the weekly R1 at 83.85, however, without closing a gap, reversed and increased further. The price shows significant expectations to receive a positive decision from the Bank
GBP/USD pair demonstrates a rarely strong bullish momentum, as the price increases without bigger corrections for the second week. The currency pair overcame the weekly R1 at 1.6244 and steps even higher towards the weekly R2 at 1.6314. However, a potential appreciation in an upcoming sessions is not very likely, as technical indicators mean heavily overbought price - the RSI
EUR/USD pair firmly appreciates and have already reached a 1.3258/78 resistance level, which is the key, as it contains the monthly R2 and the weekly R1, but more importantly it coincides with this spring's channel upper boundary. Therefore, it is likely that at this level the price might find a cluster of sell orders, what will weaken an upside impulse.
Pair is continuing to depreciate after hitting the 15 month high at 0.8471. Recently it dipped as low as 0.8400, but it seems that this psychological level still carries a lot of weight and gives ground to believe the readings of technical indicators that pair might be up for another rally . Even if so, it should longer term outlook
Pair manage to pickup even before touching weekly S1 at 0.9825. However, its upside potential is rather limited due to pressure of major technical levels (downtrend resistance, 100 day-SMA and etc.) and lack of strong support levels below. It seems that pair might attempt to breach Weekly PP/Monthly S1/Downtrend resistance at 0.9856/63 soon, but lack of strong buy signals lets
Pair has been depreciating for a second day in a row and at the moment is being supported by monthly R2 at 1.0514. Pair should remain above 1.05 for some time more, but market consensus is that the pair should return below 1.05 as fast as it breached this important psychological level. This probability is supported by the readings of
Pair has been recovering ever since it hit 110 JPY yesterday and manage to advance approximately 30 pips today. However, recent events and readings from the RSI and the Stochastic indicator suggests that pair might advance a bit more, maybe it will even manage to reach 111.42, but no higher. Such scenario is also in line with the predictions of
USD/CHF pair lost a downside momentum, as the price was stopped by the monthly S1 level at 0.9180 after a sharp depreciation previous week. The price approached the lower line of the Bollinger line, which now requires a moment of consolidation, but the price can unexpectedly reverse and start appreciation, as a majority of banks' estimations with respect to the
As USD/JPY pair started a trading week with a huge gap, the price gradually depreciates towards the lower level of the gap at 83.52, which also overlaps with the weekly PP level. However, the currency pair is driven by expectations and tomorrow will be announced the final decision on a further Japan monetary easing programme, which may lift the price