Finally pair is starting to give clearer directional signals and is currently testing monthly (R1) at 0.9963. Pair should manage to step up a bit further, but things should become rather complicated once it approaches parity condition—we are likely to see significant dip there.
Pair did not manage to advance far above 104 and received a bearish impetus slightly before first resistance level at 104.55. It depreciated by slightly more than 150 pips since then and at the moment is hovering around 103 JPY mark supported by weekly pivot (PP)/20 bar SMA. Pair should step up a bit higher and return back to 103–104.5
Today the XAU/USD exchange rate experienced another bearish reaction, therefore supporting the interim downtrend, which started more then two weeks ago. As for now, the exchange rate confronts the weekly S1 at 1703, which might slow down the prevailing bearish tendency. In case it is breached, then the price is very likely to reach the lower Bollinger band at 1681,
The bullish trend, which started a couple of days ago, has failed to continue, as today GBP/JPY rebounded from the upper Bollinger band, and at the particular moment the currency pair is slowly approaching the weekly R1 at 128.16, which might bring some bullish impulse. If it is broken, then the currency couple will probably reach the 20-day SMA at
The bearish reaction, which occurred yesterday, successfully managed to continue, as today the EUR/CAD currency pair experienced another slight bearish reaction. As for now, the currency couple is heading towards the weekly PP at 1.2850, which might bring some bullish impetus. In case it is breached, then the price is likely to reach the 200-day SMA at 1.2758, which in
Today the EUR/AUD currency couple experienced another consequent movement downwards, which has already managed to overcome the weekly S2 at 1.2499, and at the particular moment the currency pair is about to test the 200-day SMA at 1.2422, which is very likely to stop the prevailing bearish tendency. However, if it fails to slow down the movement downwards, then the
As from today's point of view, USD/CHF forms a down sloping channel, where an upper line could be around a 0.9380/0.94 level, where the 55-day SMA goes and the Bollinger line lies. However, currently, the price is at 0.9360, at the weekly PP level, but it should step higher, as more important levels are situated around a 0.94 zone.
This week was very volatile for USD/JPY pair, as the price increased from 78.20, being a lot for this currency pair. Currently, the price is showing a negative impetus, as yesterday was not able to brake a 80.22 level, where the weekly and monthly R2 levels lie. Some correction is just mandatory, as all time frames show that the price
Yesterday's GDP data of the United Kingdom pushed the price sharply up, reaching 1.6120 level, where the price was trying to approach the weekly R2 level. Generally, the price has not broken the ongoing down-trend, as price peaks do not exceed the previous ones and bottom points consecutively take place at lower levels. According to this logic, there might be
Seems that EUR/USD pair settled beneath the uptrend line, as yesterday the price has touched the weekly PP level and uptrend line at 1.3017 and sharply pulled back. This movement has formed a decreasing candle with a long shadow on it. Although the triangle pattern is broken, the price might still form a downward sloping channel with a lower line
Today the XAU/USD exchange rate experienced a slight bullish correction, which managed to stop the interim downtrend. As for now, the exchange rate is slowly approaching the weekly PP at 1728, which might bring some bearish impetus. In case it fails to slow down the rally, then the price is very likely to reach the 55-day SMA at 1736,
The bullish trend, which started yesterday, successfully managed to continue, as today GBP/JPY experienced another significant bullish advance. As for now the currency pair is about to test the weekly R2 at 129.53, which might bring some bearish momentum. In case it is broken, then the currency couple might reach the weekly R3 at 130.85, which is very likely to
After receiving a bearish impetus from Bollinger band/100 bar SMA at 0.8110 pair has advanced a bit more than 120 pips in past few days. With such pace pair is rapidly approaching oversold condition (if it is not there yet) and, as technical indicators points out, we should see at least a bearish correction in the near future.
For the whole week pair has been rather volatile (boundaries Bollinger bands increased by 1/3, or 63 pips) but pair has been range bound between monthly pivot (R1) at 0.9963 at 0.99. It is likely situation wont change much till the end of the trading week, but technical indicators on weekly horizon lets us believe that 100 bar SMA might
After push from 20 bar SMA pair has been appreciating uninterrupted and it seems it is preparing to advance above 1.04 mark. Attempts like this can be seen on 1st of October (right after pair dropped below mentioned level) and 18th of October. However, lack of evidence speaking for succession allows us to believe it will not manage this time
Pair has been appreciating ever since unsuccessful attempt to fall below 103.13/103 area. At the moment it seems it is preparing for one more attempt to advance above 104.55. Although technical indicators suggest pair might succeed this time it should not stay above the mentioned level for long as Bollinger band is likely to stop pairs advance.
The bullish correction, which occurred yesterday, did not manage to continue, as today the EUR/CAD currency couple experienced a slight bearish reaction, and at the particular moment the price is gradually heading towards the weekly PP at 1.2850, which might bring some bullish impulse. In case it fails to stop the downtrend, then the currency pair is likely to reach
The bearish trend, which started a couple of days ago, has successfully managed to continue, as today the EUR/AUD currency pair experienced another slight movement downwards. At the particular moment the currency couple confronts the lower Bollinger band at 1.2499, which is expected to reverse the prevailing bearish tendency. In case it is breached, then the price might reach the
Today we can see that USD/CHF pair yesterday's session finished with a candle without a body, which indicates that the market's trend might be losing momentum. Also, candle has long shadows on both sides, the so-called long-legged candle, thus showing a reverse of a trend. Therefore, it is very likely to see a change of a trend's direction, as a
After a short brake, USD/JPY continues its upside rally and during Asia's trading hours reached a new high at 80.16. In a very close distance from the new peak, strong resistance level is based, which consists of the weekly R2 and monthly R2 lines. As the price appreciated so rapidly and in a D1 graph the RSI indicator shows a
As GBP/USD pair found a support level at 1.5932 during a yesterday session, the price has reversed from it and currently is moving back north. It has breached the 1.5995 level quite easily and now is testing the weekly PP line and the 55-day SMA at 1.6055. If the price continues to appreciate, the next resistance level will be considered
EUR/USD price cannot find a direction for a new trend, therefore easily fluctuates beneath a ceiling at the 1.3020 level. From a bottom side, the price is bounded by a bullish tendency, which started on July 24th. Currently, the price is approaching this upside trend line and trying to settle below it, this would bring a price sharply lower, as
Today the XAU/USD exchange rate experienced another consequent bearish decline, therefore supporting the interim bearish trend. As for now, the exchange rate is about to test the lower Bollinger band at 1703, which is expected to change the direction of the prevailing downtrend. In case it is broken, then the price might reach the weekly S1 at 1690, which in
The bearish reaction, which occurred yesterday, did not manage to continue, as today GBP/JPY experienced a significant bullish correction, and at the particular moment the currency couple is gradually approaching the weekly R1 at 128.16, which might slow down the rally. In case it fails to stop the uptrend, then the price is likely to reach the upper Bollinger band