Technical analytics

USDJPY

 Supposedly, a downward technical correction has started in direction of middle Bollinger band (111.39).

Cryptocurrencies

Trading range 5837.62-6580.92 within lower Bollinger bands preserves.

Cryptocurrencies

The basis for new upswing continues to form. First target of buyers is the structure’s high 222.88.

EURUSD

 Bulls don’t give up, trying to break above stiff resistance area 1.1724-1.1745. However, capability of this upswing seems to be limited just due to the absence of full-rate downswing. Thus, the main expectation is downward bounce from this area.

USDJPY

 Bullish trending pressure can be observed, therefore, the major, shortly, can “shoot” beyond the upper Bollinger bands.

NZDUSD

Downward dynamics of the market preserves in direction of the 5837.62 handle (lower Bollinger band). Growth of ADX activity is moderate, therefore, decline may have smooth mode as well.

Cryptocurrencies

Yesterday’s close in the shape of bullish inside bar at the edge of downswing can become the start of new upswing in direction of the high 222.88.

EURUSD

Bulls were able to refresh the high a little bit yesterday, but the resistance area 1.1724-1.1733 is still solid, therefore, we can expect start and development of the downswing.

USDJPY

As we see, bulls don’t cease attempts to break upper Bollinger band (112.31), that can drive to powerful momentum beyond the upper bands. Though, ADX is just gaining energy, therefore, delay of upward movement till tomorrow is possible.

Cryptocurrencies

Market has clear bearish momentum - sellers absorb in one bar all the weekly achievements of buyers. Therefore we can expect further development of downward wave in direction of lower Bollinger band (5858.63).