GBP/USD pair increased sharply yesterday, although has not reached any resistance level. Today the price has unexpectedly turned around and is depreciating towards a SMAs area at 1.6083/60, where the 55-day and 100-day SMA are located. It is very likely to see two scenarios today: the price will make a spike down and increase further at least till the 20-day
EUR/USD appreciated firmly during the week's first trading session, increasing to a 1.3121 level, where the monthly PP level intersects the weekly PP level. Currently, the price is consolidating and it is very likely to see a further appreciation till the 20-day SMA at 1.3173, as this level is usually reached after making a spike over the Bollinger band. The
NZD/USD looks to be poised for additional gains, as the rising trend-line proves to be sufficiently strong to direct the pair upwards.
USD/CAD remains unable to break neither the down-trend nor the up-trend lines that currently serve as boundaries of the triangle pattern the pair in turn has been forming since mid-September.
The trading range of the currency pair has decreased quite a bit, as bears are unable to overthrow bulls at 1.0462/39, while the latter ones are wary of entering the market at higher levels, bearing in mind proximity of a declining resistance line.
EUR/JPY has been moving sideways recently, being underpinned by support near 113.81.
Reaching the monthly R1 level at 88.40 forced USD/JPY to experience a down-side correction. Today the pair moves sharply lower, as the majority of technical indicators imply an oversold situation. Since this is the first day of correction, any short position is very risky, but the closest support levels area at 87.49, the weekly PP, and 86.58, the weekly S1.
USD/CHF consolidates around the upper Bollinger band at 0.9267. The price was appreciating very rapidly throughout the last week, thus technical indicators suggested occurrence of a correction. Currently, the price appreciates further and the next important resistance level will be at 0.9288, where the 55-day SMA is situated. Settlement above this level would be a signal for a buy position,
After GBP/USD consolidated during Friday's session just before the monthly S1 level at 1.6060, today the price continues its journey south. The cable moves along the lower Bollinger band and breaches the 55-day SMA at 1.6056 level. If the price settles beneath it, it is very likely to see a continuation of a bearish trend. The closest support levels are
EUR/USD rebounded from an upside resistance at a 1.3020 level on Friday, as the pair was sharply lower than the Bollinger band. Today, the major currency pair continues a down-side movement drifting along with the Bollinger line and retesting an upside resistance at a 1.3034 level. If a breakout is successful, the closest support levels will be at 1.2996/82, where
The price has re-tested the rising support trend-line and thus confirmed its topicality for traders, while 0.8259/36 alone was incapable of halting the recent dip.
Yesterday the price returned back above 0.9863, although it appears that a cluster of supports at 0.9837/18 is of greater interest to market participants, as this zone protects positive outlook on the pair.
AUD/USD did not make it to the upper side of the slightly downward-sloping channel, as 1.0493 proved to be impenetrable for now and did not allow for a rally to reach 1.0562/81.
The currency pair currently lacks bullish momentum in order to carry on advancing.
USD/CHF appreciates rapidly and has already reached the upper line of a down-side channel at 0.9285.
A breathing-space was very short in USD/JPY, as the pair continues to surge and even exhibits a fast pace of appreciation.
The Cable demonstrates its volatile nature, as the pair has lost 200 pips of its value during yesterday's trading session.
The major currency pair demonstrates a strong bearish momentum, as the price has decreased by 164 pips during yesterday's trading session.
NZD/USD failed to get a foothold above 0.8343 and retreated.
The price has managed to end the day beneath 0.9863 yesterday, but still hesitates to move any lower, as market participants require additional signals prior to shorting the pair.
AUD/USD continues to step higher and is rapidly approaching the declining trend-line at 1.0534/60, which in turn in followed by another resistance at 1.0599/1.0624.
EUR/JPY is slowly losing its pace of appreciation ahead of a confluence of resistance levels at 115.22/73.
USD/CHF appreciates for the third consecutive session after consolidation at a 0.9120 level.
USD/JPY takes breath just above a 87.00 benchmark, as the price closed at 87.35, the highest daily point, yesterday.