All last week GBP/USD pair was bounded by a downside trend line around the 1.6040 level and a few attempts to breach it were unsuccessful. Currently, the price moves up to retest the downtrend again and, if it is successful, the next resistances will be the weekly R1 at 1.6069 and than the upper Bollinger line at 1.6092.
EUR/USD pair opened a new week with an upside spike and set a new high at 1.3047. After the price settlement above the weekly PP line at 1.2968, it continues to appreciate towards the weekly R1 at 1.3055 and the upper Bollinger line at 1.3089. If the price does not lose its momentum, there is very likely to see 1.3115/21
Today the NZD/USD currency couple experienced a significant bearish reaction, which has already managed to breach the 55-day SMA, and now the price is facing the 100-day SMA, which is expected to slow down the downtrend. In case it is broken, then the currency pair might decline until the weekly S1 at 0.8149, which is likely to stop the bearish
Today the EUR/JPY currency couple experienced a significant bullish advance, which at the particular moment confronts the monthly R2 at 107.43, which might bring some bearish momentum. In case it is breached, then the currency pair is very likely to reach the upper Bollinger band at 108.30, which in turn is expected to reverse the prevailing movement upwards. Moreover, the
The bearish reaction, which occurred yesterday, has successfully managed to continue, as today the AUD/USD currency pair experienced another consequent movement downwards, and now the price is about to test the 20-day SMA at 1.0406, which is very likely to stop the bearish tendency. Nevertheless, the overall indicator outlook is positive, therefore supporting the potential tendency change in the upcoming
Yesterday's bullish advance, has managed to continue, since today USD/CAD experienced another slight bullish movement. At the particular moment the currency couple is gradually moving towards the weekly PP at 0.9955, which will probably bring some bearish momentum. In addition, the overall indicator outlook is bearish, therefore a soon tendency change might be expected in the nearest future.
USD/CHF pair depreciates for a third consecutive session and is already breaching an uptrend line at 0.9273. In case, the price will broke through it and settle beneath it, than there is very likely to face a depreciation of the price till 0.9206 area, where the weekly and monthly S1 intersect with the lower Bollinger band line.
USD/JPY pair found a support for a further appreciation and the price stepped higher from the weekly PP at 82.16. Currently, the price moves towards a previous high at 82.83, which is the highest point in 8 months. As the pair maintains strong bullish sentiments, but technical indicators tempt about an oversold situation, therefore, a sharp increase above the previous
Yesterday GBP/USD pair advanced and closed just beneath the downtrend line at 1.6040. Currently, the price is breaching the level and if it settles above it, there is very possible to see an uptrend expansion. Likely resistance levels would be 1.6083/92, where the weekly R1 and monthly PP intersect with the upper Bollinger band line. In case, the price reverses,
EUR/USD pair steps higher and during yesterday trading session broke a few days high and peaked at 1.3014, which is the highest point this month. However, the price still maintains bullish sentiments and steps towards new resistance levels: firstly the exchange rate have to settle above 1.3020 and secondly 1.3063, where the Bollinger band and the weekly R1 levels intersect.
Today AUD/USD bounced off the monthly R1 at 1.0472, and now the currency couple is about to test the weekly PP at 1.0421, which is expected to bring some bullish impulse, but if it fails to slow down the downtrend, then the price might test the 20-day SMA, which in turn will probably reverse the prevailing trend. In addition, the
Yesterday's significant bullish advance did not manage to prevail, as today the NZD/USD currency pair experienced a slight bearish reaction, however the downtrend is not expected to last for long. At the particular moment the price is gradually moving towards the monthly PP at 0.8218, which is very likely to change the direction of the prevailing downtrend. The overall indicator
The bearish reaction, which occurred yesterday, has failed to continue, as today the USD/CAD currency couple experiences a slight bullish correction, however the price keep its movement within the bearish price channel. Nevertheless, the overall indicator outlook shows a sell signal, therefore supporting the current movement within the price channel.
The uptrend, which started yesterday successfully managed to continue, and at the particular moment the EUR/JPY currency pair is slowly approaching the monthly R2 at 107.43, which is expected to slow down the prevailing rally. In case it Is breached, then the price is very likely advance until the next resistance level at 108.30 (weekly R1). Moreover, the overall indicator
After USD/CHF pair's upside correction was stopped by the weekly and monthly PP levels at 0.9322/33 area, the price edges lower and moves to retest the uptrend at 0.9270. If this move is successful, it is very likely that 0.9210 area will be reached, where the monthly and weekly S1 level cross with the lower line of Bollinger band.
USD/JPY pair erases a negative performance of this week's trading, and slightly steps higher, checking for a spark for a new bullish impetus. Currently, the price is on the weekly PP level at 82.16 and might move to any direction from here. Although the pair is in a bullish trend, but indicators tempts about an oversold zone: in a weekly
As the cable checked the upper line (1.6050) of downwards sloping channel, the price gradually slips lower and yesterday tested the 100-day SMA at 1.5975. If the cable brakes the channel, it very likely to see the price appreciation to the Bollinger band at 1.6070, otherwise, the price should depreciate at least till 1.5958, the weekly S1, or 1.5940, the
EUR/USD pair found a sufficient support around 1.29 level yesterday, as the price retreated from the 55-day SMA and the weekly PP. Currently, the major currency pair, fluctuates around 1.2950 and movement in both sides is very possible. If the price moves up, the first resistance will be 1.2970, the monthly PP, and the second will be 1.3030 area, where
Today the XAU/USD exchange rate experienced a significant bearish movement, and now the price confronts the lower Bollinger band at 1705, which is expected to reverse the prevailing bearish tendency. In case it is broken, the exchange rate is likely to decline until the weekly S3 at 1687, which will probably stop the current downtrend. Additionally, the overall indicator outlook
The bullish movement, which occurred yesterday, has failed to continue, as today GBP/JPY experienced a significant movement downwards, which at the particular moment is about to test the monthly R1 at 130.79, which might bring some bullish impetus. In case it is breached, the currency couple is likely to reach the weekly S1 at 130.05, which in turn will probably
The bearish trend, which started yesterday, successfully managed to continue, as today the EUR/AUD currency couple experienced a significant bearish movement, which has already managed to breach the weekly PP at 1.2363, and at the particular moment the currency pair is gradually approaching the 20-day SMA at 1.2311, which might bring some bullish impulse, however if it is broken, then
Today the EUR/CAD currency pair experienced another movement downwards, and now the price is slowly approaching the 55-day SMA at 1.2784, which will probably slow down the downtrend, but if it fails to stop the bearish tendency, then the currency couple might reach the 200-day SMA at 1.2714, which in turn is expected to change the direction of the current
As anticipated 55-day SMA managed to kick pair higher as it is undergoing a bullish correction today and at the moment is hovering above monthly PP at 0.8218. However, bearish trend should resume shortly with Bollinger band being the highest limit pair might manage to advance to.
For the whole week pair demonstrates choppy sessions, but is bound between 0.9900 and 0.9955 (weekly PP). Neutral aggregate and mixed individual signals of technical indicators suggest that pair will be trading sideways some time more.