Today EUR/CAD advanced even higher, and the price has already managed to break the 55-day SMA at 1.2844, and now the currency couple is gradually heading towards the weekly R1 at 1.2943, which is likely to bring some bearish impetus, however, if it is breached, then the price might advance until the upper Bollinger band at 1.2987, which in turn
The interim uptrend, which started less than a week ago, has successfully managed to continue, as today the EUR/AUD currency pair experienced another strong movement upwards, which has already managed to breach the 200-day SMA at 1.2368, and at the particular moment the price is about to face the 55-day SMA at 1.2430, which is very likely to stop the
Pair was pushed back down after reaching 0.844 where it met significant resistance from monthly R2 yesterday. However, it seems it was jus a temporary setback as at the moment it is strong and willing to reach yearly high right after it breaches weekly R2. Although stochastic indicator has been in overbought area for quite some time it's readings are
Pair has been depreciating for almost 2 full trading weeks now. At the beginning we were seeing some attempts to recover some of its losses, but last few days it was full downside movement all the way. It does not seem pair is going to get any significant support until 0.98 area as for the time being it has been
Yesterday the pair lost some of its momentum when it did not manage to breach weekly R2 at 1.5885. Although bullish impetus is still present and rather strong in the pair it has been appreciating at a much slower pace as some pressure from Bollinger band is keeping it on leash. Although Stochastic indicator suggests that we might see some
In the past 4 days pair advanced almost 300 pips and it does not seem it is planning to slow down for the time being. Existence of strong bullish momentum is supported by the readings of technical indicators. However, the Stochastic indicator on weekly outlook is suggesting we might see at least some sort of bearish action. Probability of such
USD/CHF pair slips even lower and currently approaches the weekly S1 at 0.9272. If this level does not support the depreciation impetus, than the subsequent level is the Bollinger band at 0.9226, followed by the lower one at 0.9180, where the weekly S2 intersects with the monthly S1.
In the last two trading sessions, USD/JPY pair was driven by an extremely strong impulse, as the price breached a lot of resistance levels: the upper Bollinger line, the weekly R1 and R2. The next resistance is at 83.84, where the monthly R1 is found. The RSI value entered an overbought zone, as its value is 73.
GBP/USD pair demonstrates a strong upside impetus and sharply increases towards the upper Bollinger band at 1.6151. If this resistance does not stop the appreciation, the next level will be at 1.6180, where the monthly R1 intersects with the weekly R2.
EUR/USD pair firmly steps higher from the monthly R1 at 1.3063 and surges further towards the upper Bollinger line at 1.3115. It is very likely to see that the price will reach 1.3115/21 level, were the monthly R1 merges with the Bollinger band. But after four straight gains in a row, the price should consolidate around 1.3120 level.
Yesterday's bearish reaction failed to continue today, as today the XAU/USD exchange rate experienced a slight bullish correction, and at the particular moment the price is facing the 20-day SMA at 1714, which might reverse the uptrend. In case it is breached, the exchange rate is very likely to advance until the 55-day SMA at 1721, which in turn will
GBP/JPY successfully managed to keep its bullish outlook, since today the currency couple experienced another significant bullish advance, which managed to break =the upper Bollinger band, and now the currency pair is about to test the weekly R2 at 133.74, which will probably bring some bearish momentum, but in case it fails to slow down the movement upwards, then the
The uptrend, which started three days ago, has successfully managed to advance even further, as today the EUR/AD currency couple experienced another movement upwards, which has already managed to breach the monthly PP at 1.2840, and at the particular moment the price is gradually approaching the weekly R1 at 1.2943, which might slow down the uptrend, however, in case it
The bullish tendency, which started a couple of days ago, has successfully managed to continue, as today the EUR/AUD currency couple experienced another consequent movement upwards, and at the particular moment the price confronts the 200-day SMA at 1.2370, which is expected to reverse the prevailing bullish trend, however, if it is breached, then the currency pair might reach the
After strong rally yesterday pair has been fluctuating in 30 pip range today. It seems that some of market participants are trying to adjust their portfolios to the new high. Technical indicators point at continuation of this rally, but Bollinger band should keep some pressure on the pair. In addition, it is worth paying attention to the fact that the
Pair has been depreciating for eight consecutive days and although RSI and the Stochastic are rather deep in the oversold areas it seems that some of market participants are waiting until negative ripples form recent attempt to breach parity will fade away. On the other hand, for the same eight days pair has constantly trying to recover some of its
Pair has decisively breached the psychological level at 1.05. Further strength of the pair raises few questions in the short term as for quite some time it has been pushing the boundaries of Bollinger band and in the past it proved to be a major stoppage for the pair. However, technical indicators, even if on small margin, point at further
Pair continuous its gamely rally. At the moment it is supported by weekly R1 and aims at 8 month high, which should be an easy task for the pair as indicators suggest. However, depending at what level will the week end, we might see a bearish correction some time soon.
USD/CHF pair is traded along the 20-day SMA, which is currently at 0.9308. The price is still on the bullish side of the Bollinger line, but recently the currency pair was unable to breach the 55-day SMA and stayed beneath it. So we have two strong, but opposite signals and it would be rational to wait before opening a position
Today USD/JPY pair sharply increases and attempts to break out from the channel. As the currency pair is currently traded at 82.71, it is higher than the upper channel line at 82.56. Therefore, if the price settles above the latter level, it is very likely to see a further pair's appreciation. The next resistance level is at 82.85, the upper
GBP/USD pair's appreciation was stopped by the weekly R1 level at 1.6109. Currently, the price consolidates and it is very likely to see a further increase, at least till 1.6139, the upper Bollinger band. In case the impulse is strong enough to move higher, then the next resistance is at 1.6184, where the R1 intersects with R2.
EUR/USD pair firmly overcame the 20-day SMA at 1.2965 yesterday and attempted to breach 1.30 area. In a H4 graph, the 55-day SMA lies at 1.3004 and contains strong resistance together with a psychological level. Therefore, it is likely to see a consolidation or even correction to accumulate a new impetus to move higher. The next resistance is the R1
After minor setback last few days pair safely advanced above 0.8355—the highest level in 9 months. It seems that pairs rally is becoming very spontaneous and at some point it should return at least to the boundaries of Bollinger band. Such probability is supported by Stochastic indicator which is deeply in overbought area, however, we should still wait for %K
For the third consecutive day pair is fluctuating in small, up to 25 pip, range. Although technical indicators give neutral signals it is worth mentioning that %K and %D in the Stochastic indicator have intersected and we might be observing a beginning of a bullish rally. However, it is likely that even in case of a rally the pair might