The EUR/USD failed at its third attempt to break the resistance of the 1.2175/1.2180 zone. It resulted in a decline, which passed the support of the 55-hour simple moving average near 1.2150. During the early hours of Wednesday's trading hours, the currency exchange rate found support in the 100-hour simple moving average near 1.2110. In the near term future, the
Since the Friday's surge, the yellow metal's price has been trading below the resistance of the 1,845.00 level. On Tuesday, the metal's price was being approached from below by the 55-hour simple moving average. If the 55-hour simple moving average manages to provide enough support for the metal's price to surge above the 1,845.00 level, the price could find resistance
After making three attempts to pass the 109.00 level, on Tuesday, the USD/JPY remained below this level. Due to the strength of the resistance of the 109.00 level and the additional strength of the 100 and 200-hour simple moving averages, the pair was expected to decline. A potential decline was most likely going to reach the 50.00% Fibonacci retracement level at
The surge of the GBP/USD paused at the 1.4150 level during the second part of Monday's trading hours. Since then, up to the middle of Tuesday's trading, the rate had been fluctuating sideways below the mentioned round exchange rate mark. In the near term future, the rate could resume its surge due to the approaching support of the 55-hour simple moving
During late Monday's trading hours, the EUR/USD currency exchange rate declined to the support of the 55-hour simple moving average below the 1.2150 mark. On Tuesday, the currency exchange rate had recovered, as it once again approached the resistance of the 1.2175/1.2180 zone. In the case the rate passes the resistance of the 1.2175/1.2180 zone, the EUR/USD could reach the
The US Dollar has continued to edge lower against the Canadian Dollar in a descending channel pattern. The USD/CAD currency pair fell by 48 pips or 0.48% during yesterday's trading session.
The British Pound skyrocketed by 172 pips or 1.13% against the Japanese Yen on Monday. The currency pair tested the upper line of an ascending channel pattern at 154.00 during Monday's trading session.
The Australian Dollar declined by 63 pips or 0.79% against the US Dollar on Monday. The currency pair tested the 50– hour simple moving average during Monday's trading session.
The single European currency declined by 54 pips or 0.41% against the Japanese Yen on Monday. The decline was stopped by the 50– hour simple moving average during Monday's trading session.
The yellow metal's price has extended its surge. The move upwards was fueled by the weakness of the US Dollar, which was caused by the worse than expected US labour data. In regards to the near term future, the metal's price could reach for the 1,850.00 level and the February high at 1,855.00. On the other hand, the hourly simple moving
On Friday, May 7, the USD/JPY experiences a sharp drop at 12:30 GMT. The move was caused by the worse than forecast US labour data. The rate suffered a 81 pip drop. However, by the middle of Monday's trading hours, the pair had recovered back to the 109.00 level, where it encountered resistance. If the rate fails to pass the resistance
Since the middle of Friday's GMT trading hours, the GBP/USD currency exchange rate has reached above the 1.4100 level, as it had gained more than 1.50%. In the near term future, the pair's surge was expected to reach for the resistance of the weekly R2 simple pivot point at 1.4138. If the pair passes this resistance level, GBP/USD could reach for
Since reaching the 1.2175 mark on Friday, the EUR/USD currency exchange rate has traded below it. In the case of the rate managing to pass this resistance, the pair could reach for the 1.2200 mark and afterwards the weekly R1 simple pivot point at 1.2232. On the other hand, a potential decline of the rate could look for support in
The US Dollar declined by 67 pips or 0.55% against the Canadian Dollar on Friday. The currency pair was pressured lower by the 50– hour simple moving average during Friday's trading session.
Upside risks have dominated the British Pound against the Japanese Yen since Friday's trading session. The GBP/JPY currency pair has surged by 190 pips or 1.25% during this period.
The Australian Dollar surged by 99 pips or 1.27% against the US Dollar on Friday. A breakout occurred through the upper boundary of an ascending channel pattern during Friday's trading session.
The common European currency surged by 57 pips or 0.42% against the Japanese Yen on Friday. The currency pair tested the 132.40 level during Friday's trading session.
As soon as the yellow metal's price passed the resistance of the 1,800.00 level, the price jumped by 0.80%. By the middle of Friday's trading, the price had reached the 1,820.00 level. In the near term future, the metal was expected to consolidate its gains by trading sideways. Afterwards, the 55, 100 and 200-hour simple moving averages could catch up and provide
During early Friday's trading hours, the USD/JPY shortly pierced the support of the 109.00 level and the 200-hour simple moving average. However, support was provided by the May 3 low level zone of 108.90/108.95. By the middle of Friday's trading, the rate was fluctuating between the support of the 109.00 level and the 200-hour simple moving average and the resistance of
The GBP/USD currency exchange rate made a short term surge above the 1.3920/1.3930 zone. The rate bounced off the 1.3940 level and retreated to the 1.3860 level, which provided support. The volatility is attributed to the announcement of the Bank of England that it would stick to its monetary policy. Initially, a 30 pip move down occurred, which was followed by
Downside risks pressured the US Dollar against the Canadian Dollar on Thursday. The currency pair breached the support level at 1.2250 during Thursday's trading session.
Since the middle of Thursday's trading session, the EUR/USD has been trading below the resistance of the 1.2070 level. In the meantime, the rate almost fully ignored the resistance of the 200-hour simple moving average and the weekly simple pivot point near 1.2060. In the near term future, the rate could bounce off the 1.2070 level and decline to the
The Pound Sterling fell by 69 pips or 0.45% against the Japanese Yen on Thursday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
Upside risks dominated the Australian Dollar versus the US Dollar on Thursday. The AUD/USD currency pair tested the weekly resistance level at 0.7784 during Thursday's trading session.