GBP/USD pair experienced a very volatile trading session on Friday, as the price surged almost 100 pips during U.S. trading hours and peak a new two-month high at 1.6050 level.
Last Friday was very a volatile trading session in EUR/USD pair, as the price increased till 1.2989 level and that was the highest point in almost two months.
The movement downwards, which started yesterday, has failed to continue, as today the XAU/USD exchange rate experienced a significant movement upwards. As for now the price confronts the weekly R2 at 1753, which might slow down the rally, however, if it is broken, then the exchange rate will probably reach the upper Bollinger band at 1761, which in turn is
The bearish reaction, which occurred yesterday, has failed to continue, as today GBP/JPY experienced a bullish correction, and at the particular moment the currency pair is about to test the upper Bollinger band at 132.62, which is expected to change the direction of the current tendency, however, if it is broken, the the price might advance until the weekly R3
The interim uptrend, which started less than a week ago, has successfully managed to continue, as today the EUR/CAD currency pair experienced another consequent movement upwards, which has already managed to overcome the weekly R1 at 1.2854, and now the price is gradually heading towards the upper Bollinger band at 1.2896, which is very likely to stop the rally. In
Today the EUR/AUD currency couple experienced a slight bearish reaction, and at the particular moment the currency pair is facing the 200-day SMA at 1.2392, which is expected to stop the downtrend and bring back the bullish tendency, however, if it fails to slow down the movement downwards, then the price is very likely to reach the 20-day SMA, which
Pair manage to advance 40 pips already since the started of the trading session, but has been stopped at 0.82. It seems this is just a temporary setback pair is likely to step up some more before we will see a bearish correction predicted by technical indicators on daily chart.
After promising session yesterday pair did not manage to breach 20-bar SMA and was pushed down to 0.9961. It is rather unlikely pair will drop much further, but it is reasonable to await it testing 0.9920 anytime soon. If pair manages to drop below this level, 0.9900 should stop this dip and push pair back up.
Pair managed to advance more than 60 pips after receiving a bullish impetus from 55 and 100-day SMA. it seems pair is building up momentum and we are likely to see it testing the boundaries of Bollinger band in the near future.
After mildly negative day yesterday pair picked up pace up again and it testing the limits of Bollinger band at 106.6. Although we are seeing aggregate neutral reading from technical indicators, Stochastic indicator suggests we should see a bearish correction in the near future.
GBP/USD pair's exchange rate was pushed up to a six-week high at 1.5978 yesterday, however, the price lost its upside impetus in the second part of a trading session, and the price fluctuated in a down-sloping channel, reaching a 1.5925 level. Currently, the exchange rate increases and it is very likely that it will reach 1.5985, the Fibo 261%, from
Yesterday USD/CHF pair decreased further and reached a new seven-week low at 0.9337. Currently the price is slightly higher, but slowly tries to retest the lowest point and proceed the depreciation. The next support level would be 0.9313, the lower Bollinger band line, and if 92.73 level is broken, the risk to see a retest of bottom at 92.16 will
Yesterday trading session was very volatile, as the price moved sharply up, peaking at 82.83 and after that gradually retreated down. Currently, the price is traded around 82.30 and is very close to the 55-day SMA at 82.08, from which it is very likely to rebound and retest the last top. In case the upside movement loses its momentum, there
Yesterday EUR/USD pair made another big move up, broke the previous three-week high and peaked at a new one—1.2898. Currently, the major currency pair is traded around 1.2885, where the first resistance zone begins and the historical flat zone's lower boundary lies. In case the pair reverses its direction, it would have a lot of place to move down, as
The bullish correction, which occurred yesterday, has successfully managed to continue, as today the XAU/USD exchange rate experienced another slight movement upwards. At the particular moment the price is slowly approaching the 55-day SMA at 1738, which might slow down the uptrend, however, if it is breached, then the exchange rate will probably reach the upper Bollinger band, which in
The interim uptrend, which started more than a week ago, has failed to continue, as today the GBP/JPY currency couple experienced a slight bearish reaction, and at the particular moment the currency pair is gradually moving towards the weekly R1 at 130.98, which is likely to stop the downtrend, however, if it is broken, then the price will probably reach
The bullish tendency successfully managed to prevail, as today EUR/CAD experienced another bullish correction, therefore supporting the interim uptrend. As for now, the currency couple is about to test the weekly PP at 1.2856, which might bring some bearish momentum, but if it fails to slow down the rally, then the price is very likely to reach the upper Bollinger
The uptrend, which started a couple of days ago, has successfully managed to continue, as today the EUR/AUD currency pair experienced another consequent movement upwards, which has already managed to overcome the 200-day SMA, and now the price is facing the weekly R1 at 1.2422, which might bring some bearish impetus, however, if it is breached, then the currency couple
Pair started trading session with a dip, but managed to recover after receiving a bullish impetus from daily pivot (PP) at 0.812. However, future prospects of the pair look rather grim as both, technical indicators and market sentiment point at a depreciation of the pair. It is reasonable to anticipate a dip to 0.81; it is possible to see a
After three bearish days after unsuccessful attempt to advance above parity pair is posing for a rally, but is currently depressed under weekly picot (S1) at 0.9972. Stochastic indicator points at recovery of the pair suggesting a formation of head-and-shoulder sort of pattern. Such possibility (with eventual dip) is supported by weekly technical indicators.
Pair started session with an attempt to advance above 1.04 mark, but was pushed back to 1.035. However, it managed to return to session opening level at around 1.038 where it currently is trading. Most of the technical indicators give neutral outlook on the pair suggesting it will be mainly driven by market sentiment which points at a bullish rally
After strong rally yesterday, pair slowed down today and has dipped to as low as 105.7. However, Bollinger band seems to be providing enough support for the pair to keep it hovering at slightly above 106 JPY. Although technical indicators give neutral outlook it is fairly obvious pair should be in "overbought" state and we should see a bearish correction
After rebounding from a 0.9467 level, USD/CHF pair moves down and currently is traded around a 0.9374 level. Looking at a H4 graph, it becomes obvious that price moves in the Bollinger band range since its peak and a recent low is just exactly on the lower line. Thus, the price might slightly rebound till 0.9407, the 20-day SMA, and
After a short break around 81.00 level, USD/JPY surges further and already reached a seven-month high at 82.58. Since the price moves so radically, indicators show oversold signals, Bollinger Band is breached even in a weekly graph and the RSI indicator has a value of 78 in a daily graph. So the price should take a slower pace of appreciation