The EUR/USD did not continue to trade in the channel down pattern. Namely, after holding for five hours, the upper trend line of the pattern failed and was passed. By the middle of Tuesday's trading hours, the pair had reached the combined resistance of the 100-hour simple moving average and the resistance of the June 7 and 10 low
The US Dollar declined by 37 pips or 0.31% against the Canadian Dollar on Monday. The decline was stopped by the 50– hour simple moving average during Monday's trading session.
The British Pound edged higher by 96 pips or 0.62% against the Japanese Yen on Monday. The currency pair breached the upper line of a descending channel pattern at 155.32 during yesterday's trading session.
The AUD/USD currency pair traded between the 0.7693/0.7723 levels during Monday's trading session. The exchange rate edged higher by 26 pips or 0.33% on Monday.
The common European currency grew by 72 pips or 0.54% against the Japanese Yen on Monday. The currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.
On Monday morning, the decline of the price for gold continued. In total, since Friday morning, the price had lost almost 2.50%. However, at 10:00 GMT on Monday, it appeared that the price had found support in the June low level just above the 1,855.00 mark. In the case that the metal recovers, the price could reach for the resistance of
On Friday, the USD/JPY managed to reach above the resistance of the 55, 100 and 200-hour simple moving averages. In the meantime, a channel up pattern was spotted on Monday. The pattern could continue to guide the rate up in the medium term future. On Monday morning, the rate was located at the support of the 200-hour simple moving average near
On Monday morning, the GBP/USD reached the June low level zone at 1.4075/1.4085. The near term future was dependent on what would happen at this level. In the case of the rate passing the support zone of the June low levels, the rate would most likely immediately find support in the weekly S1 simple pivot point at 1.4062. Afterwards, an extension
On Monday morning, the EUR/USD started the week's trading by fluctuating near the 1.2100 mark. Note that the Friday's drop passed the support of the June low level and reached below the 1.2100 level. Due to that reason, an extension of the decline is possible. In the near term future, the rate could trade sideways until it reaches the resistance
The USD/CAD currency pair bounced off the 200– hour simple moving average at 1.2084 on Friday. As a result, the exchange rate surged by 87 pips or 0.72% during Friday's trading session.
The GBP/JPY currency pair failed to break the 200– hour simple moving average resistance level at 155.18 on Friday. As a result, the British Pound fell by 53 pips or 0.34% against the Japanese Yen.
The Australian Dollar fell by 76 pips or 0.97% against the US Dollar on Friday. The AUD/USD currency pair breached the support level at 0.7721 during Friday's trading session.
The 50– hour simple moving average provided resistance for the EUR/JPY currency pair on Friday. As a result, the common European currency declined by 70 pips or 0.52% against the Japanese Yen during Friday's trading session.
The US Dollar fell by 38 pips or 0.31% against the Canadian Dollar on Thursday. The decline was stopped by the 200– hour simple moving average at 1.2083 during yesterday's trading session.
Upside risks dominated the GBP/JPY exchange rate on Thursday. The Pound Sterling surged by 99 pips or 0.64% against the Japanese Yen during Thursday's trading session.
The Australian Dollar rose by 36 pips or 0.47% against the US Dollar on Thursday. The AUD/USD currency pair tested the resistance level at 0.7765 during Thursday's trading session.
Downside risks dominated the EUR/JPY currency pair yesterday. The exchange rate fell by 71 pips or 0.53% during Thursday's trading session.
The XAU/USD exchange rate bounced off a support level at 1875.00 on Thursday. As a result, the yellow metal surged by more than 245 pips or 1.31% against the US Dollar during yesterday's trading session.
The USD/JPY currency pair failed to break the resistance level at 109.70 on Thursday. As a result, the US Dollar declined by 43 pips or 0.39% against the Japanese Yen during Thursday's trading session.
On Thursday, the British Pound edged higher by 90 pips or 0.64% against the US Dollar. The currency pair returned to the 1.4185 area during Thursday's trading session.
On Thursday, the Eurozone currency surged by 24 pips or 0.20% against the US Dollar. The currency pair breached the 55-, 100– and 200– hour SMAs during Thursday's trading session.
The US Dollar edged higher by 62 pips or 0.51% against the Canadian Dollar on Wednesday. The currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.
The 200– hour simple moving average provided resistance for the GBP/JPY currency pair on Wednesday. As a result, the Pound Sterling fell by 79 pips or 0.51% against the Japanese Yen during Wednesday's trading session.
The Australian Dollar declined by 31 pips or 0.40% against the US Dollar on Wednesday. The currency pair continued to trade within the 0.7720/0.7760 levels during Wednesday's trading session.