Pairs recovery was interrupted by resistance levels at 0.8209. However, technical indicators and expectations of major market participants allow us to believe this is just a temporary setback and pairs advancement further, closer to 0.83 mark to be specific, is very likely in the medium term.
Choppy sessions continues as pair remains range bound between Bollinger bands at 0.975 and 0.986. Although impetus for the pair can come from any side, technical indicators force us to believe that as downside risk increases, dip at least to Bollinger band is almost imminent.
Pair extended its yesterdays gains early in the session today, but received a push from 1.04 and currently is stuck between weekly pivot (R2) at 1.0365 and monthly pivot (PP) at 1.0378. Pair might attempt to advance above 1.04 once more, but resistance coming from weekly R3)/Bollinger band at 1.0434/38 should push ir back to 100 bar SMA or even
Pair advances further and is currently trying to advance above 17th of September high at 103.87 while being supported by weekly pivot (R2) at 103.65. Although technical indicators point at further advancement of the pair in medium horizon, Stochastic indicator suggest we should see a bearish correction in the nearest future which should conclude with a dip to 103 JPY
The downtrend, which started yesterday, successfully managed to continue, as today the EUR/CAD currency couple experienced another consequent bearish reaction, which has already managed to breach the monthly R1 at 1.2820. As for now the currency pair is facing the weekly R2 at 1.2800, which might bring some bullish impetus. If it is breached, then the price might reach the
Yesterday's bearish reaction managed to fully cover the bullish bar, which occurred a day before, therefore indicating for a possible short term trend reversal. Today the EUR/AUD currency pair experienced another movement downwards, and at the particular moment the currency couple confronts the 20-day SMA at 1.2595, which might slow down the prevailing tendency. In case it is broken, then
USD/CHF pair experienced a consolidation during the yesterday's trading session, when price was stuck on 0.9228 support level. As the price breached the lower Bollinger band line, together with RSI value of 35, it is very likely to see some correction impetus in this currency pair soon. A possible resistance level for that would be 0.9292.
After yesterday's correction till the downtrend line at 78.69, the price has bounced back and still preserves a positive impetus. Price is very close to the one-month high, but is hold by a weekly R2 level at 79.13 to go further. In case the currency pair brakes it, next resistance level will be around 79.56/74, where the 200-day SMA and
GBP/USD pair has stuck in a 1.6112/35 resistance zone, as yesterday seemed that price has broken through this level, but on London trading session turned around and went back to a flat channel. As GBP/USD lost its volatility in the last few trading sessions, there is very possible to see a large time frame impulse in the near future. However,
EUR/USD pair consolidated during yesterday's trading session, which also showed that the previous high's resistance zone at 1.3100/30 is strong enough to hold a new upside impetus. Although the price stays in a shadow of the previous high, but larger time frames still remain powerful to push the price higher, without turning indicators in an oversold zone.
OutlookToday the XAU/USD exchange rate experienced a slight bearish reaction, and at the particular moment the price is about to test the monthly PP at 1746. If it is breached, then the exchange rate is very likely to reach the lower Bollinger band at 1728, which in turn is expected to change the direction of the prevailing movement downwards. In
The uptrend, which started a couple of days ago, successfully managed to continue, as today GBP/JPY experienced another consequent bullish advance. As for now, the currency couple confronts the upper Bollinger band at 127.56, which is expected to reverse the current tendency upwards. However, if it fails to stop the rally, then the price might reach the weekly R2 at
Yesterday's bullish advance has failed to continue today, and today the EUR/CAD currency pair experienced a small bearish reaction. At the particular moment the price is facing the upper Bollinger band at 1.2872, which will probably change the direction of the current movement. In case it is broken, then the currency couple might reach the monthly R1 at 1.2820, which
The bullish correction, which occurred yesterday, failed to continue, as today the EUR/AUD currency couple experienced a slight bearish reaction. As for now, the currency pair is heading towards the 20-day SMA at 1.2588, which is very likely to bring some bullish impulse. If it is breached, then the price might reach the weekly S1 at 1.2505, which in turn
Pair received strong bullish impetus from support levels at 0.8116/11. At the moment pair is hovering right above support levels at 0.8209. Although this bullish rally was expected and long awaited, we should see a minor bearish correction in the near future. Main catalyst for this should become Fibonacci retracement (23.6% of 5th to 14th of September move) at 0.8249.
Resistance given by Bollinger band at 0.9868, was too much for the pair as it lost almost all of yesterdays gains and currently is supported only by 20 bar SAM at 0.9814. Pair should depreciate further, however drop below 0.98 is unlikely and pair should remain in 0.980-0.986 area.
Pair advanced confidently after breaching 1.03 and at the moment is hovering well above 100 bar SMA at 1.0345, supported by weekly pivot (R2) 1.0365. Although pairs appreciation was strong and confident advancement above 1.04 is very unlikely as pair should rebound closer to 1.03.
Pair breached 103 JPY level rather confidently , but at the moment is depressed by Bollinger band. Taking in to account market sentiment and readings of technical indicators, it is very hard to believe that pair would be able to step up above 103.857. Even if it would, this should happen very gradually.
After a great yesterday's fall, USD/CHF approached a 0.9235 level, where a monthly S1 and a weekly S2 support levels lie, and currently fluctuates in a narrow range around 0.9240. Seems that price settlement below the uptrend line and the 200-day SMA have accumulated enough impetus to start a downside movement. On the other hand, RSI value is 35.8 and
After the rapid USD/JPY appreciation in last week, today currency pair showed some correction. Yesterday's peak and the major resistance level was the upper Bollinger band line around 79.05 level, where also Monthly R1 and Weekly R2 reside. As price retreated, it is very possible to see some negative impetus, at least till 78.69 level, where very important downtrend line
GBP/USD keeps a slow pace of increase and yesterday approached a 1.6085 level and currently fluctuates in a 1.6112/35 zone, where the 20-day SMA and a weekly R1 lie. Situation on this currency pair is very vague, as price stays in a correction zone among many support levels and does not show any stronger impetus to any side. RSI also
EUR/USD pair has strongly bounced from the uptrend line and weekly PP at 1.2925 and surged till 1.3115 support zone. Currently price is fluctuating in 1.3110/1.3090 zone, where the upper Bollinger band line, weekly R2 lie and the previous high's support zone is placed. Also, RSI has value of 63.7 and comes very close to an oversold zone; however, weekly
The interim bearish trend has finally ended, as today the XAU/USD exchange rate experienced a slight bullish correction, and now the price is facing the monthly PP at 1746, which might slow down the movement upwards. In case it is broken, then the exchange rate will probably reach the weekly PP at 1754, which is very likely to bring some
The uptrend, which started a couple of days ago, successfully managed to advance even higher, and today the GBP/JPY currency couple experienced another consequent bullish correction. At the particular moment the currency pair is about to test the weekly R1 at 127.05, which might bring some bearish momentum. In case it is breached, then the price is likely to reach