The bearish reaction, which occurred yesterday, has failed to continue, as today EUR/CAD experienced a bullish correction, which at the particular moment confronts the 200-day SMA at 1.2739, which is expected to change the direction of the current movement upwards. In case it fails to slow down the rally, then the currency couple might reach the weekly R1 at 1.2781,
Today the EUR/AUD currency pair experienced another movement downwards. therefore maintaining its interim bearish outlook. At the particular moment the price is slowly approaching the weekly S1 at 1.2152, which is likely to bring some bullish impulse, however, if it is breached, then the currency couple might decline until the lower Bollinger band at 1.2081, which in turn is expected
Pair continues to advance after receiving a bullish impetus from 100-day SMA yesterday. It has been briefly paused by weekly pivot and 200-day SMA but it is very likely pair will try to advance above these levels later in the session, but as readings of technical indicators are inconclusive it seems that bearish market sentiment will drag pair down back
After brief dip pair managed to consolidate above parity condition. However, with this advance Stochastic indicators on daily and weekly outlooks indicate that pair is being overbought and we are a day or two away from a bearish correction. This would suggest that at the moment we are seeing formation of second top for a Double Top pattern with support
After dipping almost 30 pips, pair received a kick from weekly pivot at 1.0402 and currently is holding around 5 pips above opening price. At the moment is seems we will continue seeing such swingy sessions till the end of the week, but overall trend should remain bullish contained by Bollinger band and first major obstacle being at 1.0470.
Pair dipped to 100.3 earlier in the session today, but was dragged back in to the boundaries of the Bollinger band pretty quick. Pairs outlook remains neutral in the near term, however, the Stochastic indicator and weekly technicals suggest we are on the brink of bullish rally and at the moment most pressure is coming from 200-day SMA.
USD/CHF pair eases its appreciation pace and a slope of uptrend becomes flatter, but the pair still makes new highs, as today it broke the previous one and peaked at 0.9505. Currently, the price approaches the 100-day SMA at 0.9503 and looks for a direction, as it is bounded by the 200-day SMA from the bottom and the 100-day SMA
GBP/USD pair firmly steps lower this week and has already reached the 200-day SMA at 1.5860. As the pair faces only one-side bullish sentiments since November 2nd, it is possible to experience some upward correction. Also, the price is very close to the weekly S1 level at 1.5839. However, if the price still has a powerful momentum, then possible support
As for today's morning, USD/JPY pair attempts to breach the 200-day SMA at 79.43 again. Currently, the price is slightly lower at 79.28 and if today it stays and tomorrow opens beneath the moving average, it is very possible to see a continuation of a downside trend. However, to do that, USD/JPY pair also has to break through the monthly
EUR/USD pair settled beneath the 200-day SMA and continues to decrease this week. Currently, the price is traded around the 100-day SMA at 1.2693 level and it is very possible that the price will easily pass it, as the 200-day SMA has not caused many difficulties. If this scenario comes true, 1.2648/35 area will be a possible support, where the
The interim downtrend, which started more than a week ago, has successfully managed to continue, as today GBP/JPY experienced another bearish decline, and at the particular moment the currency pair is about to test the 200-day SMA at 126.03, which is expected to stop the current downtrend, however, if it fails to slow down the bearish movement, then the currency
The interim bullish trend has failed to continue, as today the XAU/USD exchange rate experienced a slight movement downwards, and now the exchange rate is slowly moving towards the 20-day SMA at 1713, which might bring some bullish impetus. In case it fails to reverse the downtrend, then the price might reach the lower Bollinger band at 1689, which in
The slight bullish correction, which occurred yesterday, has failed to continue, as today the EUR/AUD currency couple experienced another consequent significant bearish reaction, and at the particular moment the currency pair is about to face the weekly S1 at 1.2152, which might slow down the current downtrend. In case it fails to stop the prevailing tendency, then the currency pair
The uptrend, which started yesterday, has failed to continue, as today the EUR/CAD currency pair rebounded from the weekly PP, and now the price is slowly heading towards the monthly S1 at 1.2685, which will probably bring some bullish impulse. In case it fails to stop the downtrend, then the currency couple might decline until the weekly S1 at 1.2654,
Pair is preparing for a major rally as we saw a 40 pip move after a push from 100-day SMA. However, nearest obstacle at 0.8193/99 might be rather significant as there is a high probability that majority of pending sell orders are exactly at those levels suggesting that pairs rally might be not flawless.
Pair once again is trying the strength of resistance at parity condition, but market is not willing to give up this level easily. Beside being a major level we can see that we have 200-day SMA there as well which makes predictions even more complicated. Short term technical indicators suggest that pair will remain turbulent around current level, but medium
After a choppy previous week, pair started this one with a rally after receiving an impetus from 100-day SMA. Although medium and long term indicators give neutral outlook it is likely we will see a short term rally, as quite a few pending orders point at strong resistance in higher levels. It is likely that most of there orders are
After a bearish dip last week, pair started week very slowly-it has been in 40 pip range (bounded by 200-day SMA and Bollinger band). It is very likely that air has reached oversold condition (indicated by Stochastic indicator) and we might see a bullish rally in the nearest future. In any case, everything depends how strong will be the support
As the last few weeks were strongly bullish and USD/CHF pair appreciated by almost 300 pips pushing the RSI value to the level of 69. Therefore, some correction would be very likely soon, at least bringing the price back to the 200-SMA level at 0.9454 to retest its strength. Further resistance level should be 0.9507/25, where the 100-day SMA and
USD/JPY pair's downside movement is bounded by the 200-day SMA. Despite the fact that the price has broken through this level a few times in the last days, the price still came back and closed around it. Therefore, the 200-day SMA level is really important and settlement below it would mean a sharp price drop. Further support levels remain at
The candle pattern did not work out on Friday trading session and the price decreased till the 1.5890 level, where only the lower Bollinger line can be found. As the price is constantly decreasing since 2nd of November, it is possible to see a small correction till the 100-day SMA and after that further price appreciation, at least till the
Depreciation of EUR/USD pair was too powerful to be stopped above the 200-day SMA at 1.2740. On Friday session, the price had increased, but after that retreated even lower with a bottom at 1.2689. Currently, the price steps higher and if the 200-day SMA forms a sufficient resistance to keep the price beneath it, there is very possible to see
The interim uptrend, which started a week ago, has failed to continue, as today the XAU/USD exchange rate experienced a slight bearish reaction, and at the particular moment the price is slowly moving towards the 20-day SMA at 1712, which will probably stop the current downtrend, however, if it is breached, then the exchange rate might drop until the weekly
The bearish tendency, which started two days ago, has successfully managed to continue, as today GBP/JPY experienced another significant bearish movement, and now the currency couple confronts the lower Bollinger band at 125.98, which is very likely to reverse the prevailing tendency, however, if it fails to slow down the downtrend, then the price might reach the weekly S3 at