The yellow metal broke out of the triangle pattern. The move was caused by the worse than forecast US employment data, which caused an all-out drop of the USD. The following surge ended at the resistance zone of the August high level at 1,830.00/1,835.00. On Monday morning, the price had declined and found support in the 1,825.00 level. If the price of
The USD/JPY dropped, as the US monthly employment data was released on Friday. The drop was eventually stopped and reversed by the support of the 109.60 level. By the middle of Monday's European trading hours, the rate had recovered to a cluster of technical levels that surrounded the 109.90 level. The cluster consisted of the 55, 100 and 200-hour simple
The release of worse than expected US employment data caused a surge of the GBP/USD on Friday. The surge was stopped by the upper trend line of the channel up pattern, which has guided the rate since the middle of August. The event was followed up by a decline. On Monday morning, the decline was heading for the combined support
The release of US monthly employment data on Friday caused an increase of volatility, which broke the channel up pattern that guided the rate since August 19. Afterwards, the rate began a decline. On Monday morning, the currency exchange rate's decline passed the support of the 55-hour simple moving average. In the near term future, the rate was expected to
On Friday, the US Dollar declined by 56 pips or 0.45% against the Canadian Dollar. The USD/CAD currency pair tested the 1.2500 level support during Friday's trading session.
On Friday, the British Pound edged higher by 42 pips or 0.28% against the Japanese Yen. The decline was stopped by the 50– hour simple moving average during Friday's trading session.
On Friday, the Australian Dollar edged higher by 62 pips or 0.84% against the US Dollar.
During Friday's trading session, the common European currency declined by 50 pips or 0.38% against the Japanese Yen. The currency pair breached the lower boundary of an ascending channel pattern on Friday.
The previously assumed-to-be sideways trading of the yellow metal has been slowly decreasing volatility. Moreover, by inspecting the hourly candle chart, a triangle pattern has been spotted. In theory, all trading in a triangle pattern eventually ends with a break out either to the upside or downwards. In the case that the rate breaks out up, it would face the resistance
Since the middle of Wednesday's trading, the USD/JPY has continued to trade sideways around the 110.00 level. However, up to the start of Friday's trading, the rate was finding support in the 200-hour simple moving average. On Friday, the rate shortly traded below the SMA indicating that it might not continue to provide support. In the case the USD/JPY currency exchange
The GBP/USD currency exchange rate managed to pass the resistance of the 1.3800 level. It resulted in a sharp surge, which stopped, as it approached the 1.3850 mark. Afterwards, the GBP consolidated its gains against the US Dollar by retracing down. On Friday morning, the decline found support in the weekly R1 simple pivot point at 1.3826. If the pair resumes
On Thursday, the EUR/USD currency exchange rate found support in the weekly R1 simple pivot point at the 1.1837 level. It resulted in a surge. The surge initially respected the upper trend line of a channel up pattern and the weekly R2 simple pivot point's resistance. However, on Friday morning the pair shortly pierced the trend line before returning
Downside risks dominated the USD/CAD currency pair on Thursday. As a result, the US Dollar declined by 90 pips or 0.72% against the Canadian Dollar during Thursday's trading session.
The GBP/JPY currency pair bounced off a support level formed by the 50– hour simple moving average at 151.45 on Thursday.
The 50– hour simple moving average guided the AUD/USD currency pair on Thursday. As a result, the Australian Dollar surged by 52 pips or 0.71% against the US Dollar during yesterday's trading session.
On Thursday, the common European currency edged higher by 42 pips or 0.32% against the Japanese Yen. The currency pair breached the resistance level at 130.40 during yesterday's trading session.
The yellow metal has continued to trade in the 1,810.00/1,815.00 zone. However, on Wednesday, a USD drop was caused by the US ADP payrolls. The event created a test of the 1,820.00 price level for gold. The 1,820.00 mark provided resistance and the bullion returned to trade in the previous zone. Meanwhile, on Thursday morning, the 100-hour simple moving average caught
As the rate was testing the resistance of the 110.40 level, the US ADP payrolls caused an all out USD drop. On the USD/JPY charts it resulted in a decline to the support of the 200-hour simple moving average at 109.90. By the start of Thursday's European trading hours, the SMA was still keeping the rate up, as it tested
The rate surged and passed resistance levels on Wednesday, as the US ADP payrolls caused a decline of the USD. The surge of the GBP/USD was stopped by the 1.3800 level. A follow up decline eventually found support in the 55-hour simple moving average near 1.3765. In the case that the 55-hour simple moving average pushes the rate up, the
The release of US ADP payrolls caused an all-out decline of the US Dollar. Due to that reason, the EUR/USD currency exchange rate began a surge. The surge reached the upper trend line of the channel up pattern, which had guided the rate since August 19. On Thursday, the rate had retreated and traded sideways, as previous gains were being
On Wednesday, the US Dollar surged by 53 pips or 0.43% against the Canadian Dollar. The surge was stopped by the 200– hour simple moving average at 1.2635 during Wednesday's trading session.
On Wednesday, the British Pound fell by 46 pips or 0.30% against the Japanese Yen. The decline was stopped by the 50– hour simple moving average during yesterday's trading session.
On Wednesday, the AUD/USD currency pair bounced off a support level formed by the 50– hour simple moving average at 0.7311.
On Wednesday, the common European currency surged by 57 pips or 0.44% against the Japanese Yen. The 50– hour simple moving average led the currency pair higher during yesterday's trading session.