Euro trying to recover loses from previous weeks. Currently, price movement testing 50 daily moving average resistance. If we see closing above that MA we will start to watch 119.50 resistance. Otherwise, 117.50 will be our next stop.
Parity went down sharply after breaking the rising channel. We will watch 0.8900 bottom carefully. The level is the lower band of small falling channel formation at the same time.0.9000 will be an important resistance to watch.
Parity reached the upper band and the movement started to lose momentum. If we can not go above 82.90 - 83.00 zone price might aim new dips. 80.60 and 79.30 supports will be on our radar in the case of dropdown.
The Kiwi is making an attempt to break out of the hesitance in the recent sessions and resume the upward trend in the red channel. If the current momentum is preserved the pair will be on course to reach 0.6450.
We already broke falling channel formation and it's an important bullish sign for the market. As long as we stay above the 62.50 level price might aim higher resistances. 68.00 - 68.50 zone will be carefully watched in the case of strong impulsive movement.
Parity still in the rising channel but RSI indicator doesn't support upward price movement anymore and we already reached overbought area. 1.0730 resistance will be important. If we break that rising channel to the downside 1.0550 level will be on our radar.
Parity in recover mode. We are getting closer to the previous formation lower band. 1.1100 and 1.1080 zone will be important. If we stay below that area we can see new dips. 1.0970 and 1.0930 supports will be watched in this scenario.
Parity still in correction pattern. As long as we stays inside of falling channel we can see another drastic downside movement. 0.9060 is the the most important resistance we are following. 0.8940 and 0.8900 supports will be watched in the case of drop down.
Parity turned back our important upper band. 19.50 - 19.40 area is our target now.
Parity continues to fall after strong reject at 5.85 zone. 5.60 level will be important for the continuation of downside price movement. The support mentioned before stays at the upper band of the falling wedge.
After strong touch to Fibonacci 61.8 retracement level price turned back. Currently, we broke the correction pattern and price movement will like to test other supports. 1.8750 - 1.8700 area will be important in the case of continuation downside movement.
Parity still in falling channel and started to form a correction pattern. 0.9050 resistance will be strong. As long as we stay below that level price movement might make new lows.
Parity broke the latest correction pattern. Another impulsive downside movement can start. 1.1750 - 1.1700 area will be on our radar.
Parity went outside of the ascending channel but still in correction behaviour. If we see lower lows price might try to reach lower band. As long as we stay below the 1.3350 resistance 1.3200 and 1.3100 supports will be on our radar.
Parity reached the most important zone. If price movement cannot break the upper band we can see huge decline. Otherwise, we will focus on the previous high at 20.65.
Precious metal break small correction movement and reached the previous bottom. If the price went below 1520 level we might touch 1510 support in short-term.
Gold trying to break lower band of correction formation. If the price movement continue to stay below 1540 level, we might see sharp decline towards to 1530 dollar. After that level 1525 support will be important. We will continue to watch 1550 level as a strong resistance.
Parity still in descending channel formation. In the smaller part of the huge price movement, we are focusing on the last correction movement. The upper band of falling channel resistance will be important. As long as we stay below that 1.0920 resistance bearish scenario will be active. After the breaking of 1.0850 support, 1.0700 strong support will try to hold price.