After series of attempts it seems that pair finally breached 1.05 for good. However, next, much more complicated step would be to breach Monthly R1/Bollinger band at 1.0514/18. It is very likely that like with 1.05 it will take some time since technical indicators do not shine with the abundance of conclusive signals.
It seems pair gained some momentum as it continues to appreciate after receiving bullish impetus when it dipped to 106 JPY. At the moment pairs outlook is strongly bullish suggesting that we should see an attempt to breach 107.63 and recent high at 107.9 in the course of this week.
General idea in USD/JPY pair does not change, since the price still moves in the channel. Yesterday the price rebounded from an upper boundary at 82.55 and slipped lower. Currently the currency pair is breaching the weekly PP at 82.37 and is very close to the 20-day SMA, which is at 82.24. If the price overcomes this SMA and settles
USD/CHF pair gradually slips lower to retest the strength of the 20-day SMA at 0.9314. As the price entered the bullish side of the Bollinger line, the pair was pushed to retest its bullish sentiments. If the price remains above the 20-day SMA it is very likely to see a further appreciation.
GBP/USD pair was slipping downward yesterday morning, but in London trading session the price reversed its direction and presently is firmly moving higher. The price still remains above the 20-day SMA, being is a strong signal of an up-trend. Therefore possible resistance levels are at 1.6109, where the R1 lies, and at 1.6132, an upper line of the Bollinger band.
The major currency pair found a support at 1.2890, where the monthly PP intersects with the 55-day SMA. Currently EUR/USD is approaching the 20-day SMA at 1.2950, which is the middle line of Bollinger bands. It is very likely that next few days direction will depend on which side the price will settle regarding the 55-day SMA. In an up-trend
Today the XAU/USD exchange rate experienced another consequent significant bullish advance, and now the price confronts the 20-day SMA at 1715, which might bring some bearish momentum, however, in case it fails to stop the uptrend, then the exchange rate will probably reach the 55-day SMA at 1724, which in turn might slow down the bullish tendency. Additionally, the overall
Today GBP/JPY experienced another slight movement upwards, and at the particular moment the currency pair is slowly heading towards the upper Bollinger band at 133.19, which is expected to change the direction of the prevailing tendency, however, if it is breached, then the currency couple will probably reach the weekly R2 at 133.63, which in turn might slow down the
The bearish trend, which started less than a week ago, has failed to continue, as today the EUR/CAD currency pair experienced a slight bullish correction, and now the currency couple is moving towards the 55-day SMA at 1.2818, which will probably slow down the uptrend, however, if it is breached, then the price might reach the weekly R1 at 1.2943,
Yesterday's bullish correction successfully manage to continue, as today the EUR/AUD currency couple experienced another consequent movement upwards, and at the particular moment the price is gradually approaching the 200-day SMA at 1.2373, which is very likely to stop the uptrend, however, if it fails to slow down the bullish tendency, then the currency pair is very likely to face
Pair continues its rally as it managed to climb additional 30 pips today and at the moment it is testing Bollinger band and, what is more important, 9 month high, at 0.8352/55. Although technical indicators send strong bullish signals, the Stochastic indicator suggest pair might lack some power to set new high yet and bearish correction would be in order.
As was to be expected pair started the week very calmly. It tried to step up by some 20 pips, but it became evident rather soon that 100-day SMA is going to become a major obstacle for that. Since then pair was fluctuating between the mentioned SMA and Bollinger band. The RSI and the Stochastic indicators send positive signals, but
As most of the major currencies aussie started the week with a dip, but received a bullish impetus from weekly PP at 1.0462 and at the moment is testing the strength of psychological level at 1.05. Technical indicators point at appreciation of the pair, but at the same time quite a few technical indicators give neutral outlook therefore a lot
Pair started the week with a dip to 106 JPY, but quickly recovered and at the moment is hovering supported by 20-day SMA at 106.36. Technical indicators draw rather positive outlook on the pair as their aggregate signals point at appreciation of the pair on 1D and 1W horizons, but the Stochastic indicator on the 1W sends sell signal suggesting
Last week USD/CHF pair ended by breaching the 55-day SMA and the monthly PP level at 0.9345. Today the price consolidates by slightly slipping lower to retest the 55-day SMA or even the 20-day SMA at 0.9320. Therefore it would be rational to wait where the price will find a support and settle.
USD/JPY pair remains locked in a channel, bounded by the upper line at 82.55 and the lower line at 81.87. As the price fluctuates in the same range for two weeks, all technical indicators returned into a neutral zone, therefore a further appreciation of this currency pair is very likely. The next resistance should be met at 83.01, where the
GBP/USD pair continues to depreciate and today the price inches lower towards the key support level at 1.6011, where a downward trend-line intersects with the monthly PP and the 20-day, 55-day and 100-day SMAs. Around this level it is very likely to see some consolidation and after that a further price decrease to a 1.5860 area, where the 200-day SMA
EUR/USD pair finished last week by sharply depreciating. The price reached an important level at a 1.2900 area, where the 55-day SMA intersects with the monthly PP. As the currency pair depreciated last three days, and currently is traded around the 20-day SMA together with the RSI value of 27 in a H4 graph, it is very likely to see
The bullish correction, which occurred yesterday, has successfully managed to continue, as today the XAU/USD exchange rate experienced another bullish movement, and at the particular moment the price is gradually approaching the monthly PP at 1713, which might bring some bearish momentum, however, if it is breached, then the exchange rate is likely to reach the 55-day SMA at 1726,
Today GBP/JPY experienced another consequent bearish reaction, and at the particular moment the currency pair is slowly approaching the weekly PP at 131.79, which is likely to bring some bullish impetus, but if it is breached, then the price might reach the 20-day SMA at 131.13, which in turn will probably change the direction of the current movement. In addition,
The bearish trend, which started a couple of days ago, has successfully managed to continue, as today the EUR/CAD currency pair experienced another bearish reaction, which has already managed to breach the 55-day SMA at 1.2818, and now the currency couple is about to test the weekly S2 at 1.2763, which might slow down the downtrend, but if it fails
Today the EUR/AUD currency couple experienced another consequent movement downwards, which has already managed to breach the 200-day SMA at 1.2377, and now the price is gradually heading towards the lower Bollinger band at 1.2270, which is expected to reverse the prevailing tendency. In case it is broken, then the currency pair is likely to reach the weekly S3 at
9 month high at 0.8355 seemed within the reach, but combined pressure coming form it and weekly R3 at 0.8341 made the pair to contract 33 pips before the close. Pair demonstrates rather positive, however much more modest, results today as well—at the moment it is testing strength of Bollinger band/monthly (R1) at 0.8322/23. Although, technical indicators point at appreciation
Pair tried to step up higher, but was rather fast to receive a pressing from weekly (PP) at 0.9934 which led to 50 dip dive and at the moment is supported by cluster of support levels at 0.988. We are likely to see an additional dip to 0.985, where effects coming from the RSI and the Stochastic indicator are likely