GBP/USD pair demonstrates a rarely strong bullish momentum, as the price increases without bigger corrections for the second week. The currency pair overcame the weekly R1 at 1.6244 and steps even higher towards the weekly R2 at 1.6314. However, a potential appreciation in an upcoming sessions is not very likely, as technical indicators mean heavily overbought price - the RSI
EUR/USD pair firmly appreciates and have already reached a 1.3258/78 resistance level, which is the key, as it contains the monthly R2 and the weekly R1, but more importantly it coincides with this spring's channel upper boundary. Therefore, it is likely that at this level the price might find a cluster of sell orders, what will weaken an upside impulse.
Pair is continuing to depreciate after hitting the 15 month high at 0.8471. Recently it dipped as low as 0.8400, but it seems that this psychological level still carries a lot of weight and gives ground to believe the readings of technical indicators that pair might be up for another rally . Even if so, it should longer term outlook
Pair manage to pickup even before touching weekly S1 at 0.9825. However, its upside potential is rather limited due to pressure of major technical levels (downtrend resistance, 100 day-SMA and etc.) and lack of strong support levels below. It seems that pair might attempt to breach Weekly PP/Monthly S1/Downtrend resistance at 0.9856/63 soon, but lack of strong buy signals lets
Pair has been depreciating for a second day in a row and at the moment is being supported by monthly R2 at 1.0514. Pair should remain above 1.05 for some time more, but market consensus is that the pair should return below 1.05 as fast as it breached this important psychological level. This probability is supported by the readings of
Pair has been recovering ever since it hit 110 JPY yesterday and manage to advance approximately 30 pips today. However, recent events and readings from the RSI and the Stochastic indicator suggests that pair might advance a bit more, maybe it will even manage to reach 111.42, but no higher. Such scenario is also in line with the predictions of
USD/CHF pair lost a downside momentum, as the price was stopped by the monthly S1 level at 0.9180 after a sharp depreciation previous week. The price approached the lower line of the Bollinger line, which now requires a moment of consolidation, but the price can unexpectedly reverse and start appreciation, as a majority of banks' estimations with respect to the
As USD/JPY pair started a trading week with a huge gap, the price gradually depreciates towards the lower level of the gap at 83.52, which also overlaps with the weekly PP level. However, the currency pair is driven by expectations and tomorrow will be announced the final decision on a further Japan monetary easing programme, which may lift the price
GBP/USD pair maintains a bullish impetus and steps higher along with the upper Bollinger line. As the price easily passes all resistance levels, the currency pair demonstrates a strong bullish momentum, but in a such situation, a correction is highly probable and the price may slip as easily as it increased. The next resistance level lies at 1.6244, the weekly
EUR/USD pair consolidates after a sharp appreciation during last week, as the price reached the highest point since the beginning of May, 2012. The currency pair has exceeded the upper Bollinger line sharply, thus it slightly depreciates to return back within the bands. If the price recovers an upside momentum, the next resistance level is at 1.3258/73, where the monthly
Pair started the week trying to continue the rally it started 11 trading days earlier, but received a bearish impetus from 15 month high from 0.8471 and dipped al the way to weekly PP at 0.8417 where it received bullish impetus and pushed pair above monthly R2 at 0.8444. Short term outlook is fairly positive, but lack of strong positive
Pair started week rather calmly staying in ~15 pip range, but tried to significantly advance today. However, first major resistance level at 100-day SMA became a tough task and pair dipped more than 40 pips after receiving a bearish impetus from it. At the moment it is depressed under weekly PP/monthly S1 and it does not seem it will advance
Since the beginning of new trading week pair has been rather volatile deviating somewhat between Bollinger band and weekly PP. It is highly likely pair will be so volatile for a few upcoming days, but medium term outlook is rather negative as Stochastic indicator predicts that pair is moderately overbought and we are up for bearish correction.
Pair started the week at 111.06 with the intention to advance even further, but did not manage to reach even the 2012 high at 111.43 and was dragged down to 110 JPY were it found some support and has been hovering slightly below Bollinger band since then. It seems that it is just the beginning of a longer bearish dip
Even though according to a median of banks' forecasts for the first quarter of 2013 USD/CHF should be at 0.95, the price itself was in a down-trend for the last two months.
This week USD/JPY has opened above the now former 19-month high, but presently is seeking to quickly close the bullish gap.
For the past 28 trading days the cable has been moving upwards at an accelerated pace, indicating that the bullish impetus is strong, although at the same time it is fragile and ready to shatter after a collision with one of the major resistance levels, which is currently standing at 1.6161/88.
EUR/USD has refused to submerge after hitting a confluence of resistances at 1.3079/1.3121, being underpinned by the 200-day SMA.
The significant bearish reaction, which occurred yesterday, has successfully managed to continue, as today the XAU/USD exchange rate experienced another consequent movement downwards, and now the price is gradually heading towards the weekly S1 at 1683, which might slow down the bearish trend, however, if it is breached, then the exchange rate will probably decline until the lower Bollinger band
In the middle of the session pair demonstrated a 40 pip dip and although it ahs been recovering ever since weekly R2 and Bollinger band are keeping the pressure on. From the readings of technical indicators it becomes rather probable we will see quite a few choppy session at the beginning of the next week while medium term outlook suggests
After a few weeks of depreciation pair seems to be heading for a rally after receiving a bullish impetus from weekly S1/Bollinger band at 0.9837/32. Although short term technical indicators give negative aggregate outlook it seems it would not be a mistake to pay attention to the Stochastic indicator (and RSI at some extent) only as it has been predicting
Pair seems to be recovering after unsuccessful attempt to storm 1.06 which was stopped by weekly R2 at 1.0585 few days ago. However, it is very likely that positivity is coming from pending long orders which are being triggered at the moment. In the short to medium term pairs outlook is rather grim as technical indicators point at a dip
Earlier in the day pair managed to step up to 110 JPY, but as expected this psychological level introduced too much of a resistance for the traders. After this pair was trading rather erratically, but general trend seems to be bearish as pair dipped as low as 109 JPY. However, after initial bearish impetus pair is showing signs of recovery
The uptrend, which started a couple of days ago, has failed to continue, as the price rebounded from the monthly R1 at 134.88, and at the particular moment GBP/JPY is slowly moving towards the upper Bollinger band at 134.33, which might bring some bullish impulse, however, if it it broken, then the currency couple will probably reach the weekly R2