The decline of the EUR/USD reached the 1.1800 mark during early Thursday's trading hours. The near term future depended on whether or not the 1.1800 level and the weekly S2 at 1.1808 provide support to the currency exchange rate. In the case of the 1.1800 support holding, the rate could retrace back up and face the 55-hour simple moving average
The New Zealand Dollar declined by 42 pips or 0.60% against the US Dollar on Wednesday. The currency pair breached the weekly support line at 0.6983 during Wednesday's session.
The US Dollar declined by 53 pips or 0.42% against the Canadian Dollar on Wednesday. The 50– hour simple moving average provided support for the currency pair during yesterday's trading session.
The Australian Dollar declined by 54 pips or 0.70% against the US Dollar on Wednesday. The currency pair breached the weekly support level at 0.7611 during yesterday's trading session.
The Eurozone single currency declined by 52 pips or 0.41% against the Japanese Yen on Wednesday. The decline was stopped by the weekly support level at 128.51 during Wednesday's trading session.
In a sharp move just after mid-day on Tuesday, the support of the 200-hour simple moving average was passed. However, almost immediately the rate found support in the 1,725.00 level. By the middle of Wednesday's European trading hours, the metal's price had retraced back up to the 1,735.00 level. In the near term future, the recovery of the metal was expected
The USD/JPY did not need the support of the 50.00% Fibonacci retracement level at 108.35 to recover. The rate found support just above the 108.40 mark and surged to the 55-hour simple moving average, which provided resistance. By the middle of Wednesday's trading, the rate was making another attempt to pass the 55-hour SMA. If the simple moving average fails to
The decline of the GBP/USD has reached below the 1.3700 level. Moreover, the descending channel pattern, which was previously broken has been adjusted. Namely, the upper trend line has been set at the Tuesday's high levels. If the decline continues, the pair should eventually reach for the support of the 1.3600 level and the weekly S3 simple pivot point. However, potential
On Tuesday, the support of the 1.1875/1.1885 zone failed to keep the rate up. In addition, the currency exchange rate passed the support of the weekly S1 simple pivot point at 1.1856. On Wednesday, it appeared that the 1.1850 level was providing resistance to the rate. Meanwhile, by the middle of the day the rate had reached below 1.1820. In the
Downside risks pressured the New Zealand Dollar against the US Dollar on Tuesday. The NZD/USD currency pair fell by 142 pips or 1.99% during yesterday's trading session.
The US Dollar surged by 63 pips or 0.50% against the Canadian Dollar on Tuesday. The 50– hour simple moving average provided support for the currency pair during Tuesday's trading session.
The Australian Dollar edged lower by 142 pips or 1.83% against the US Dollar on Tuesday. The currency pair breached the weekly support level at 0.7674 during yesterday's trading session.
Downside risks pressured the common European currency against the Japanese Yen on Tuesday. The currency pair fell by 122 pips or 0.94% during Tuesday's trading session.
Since the middle of Monday's European trading, the commodity price has continued to be supported by the 200-hour simple moving average. In the meantime, the price almost ignored the 55 and 100-hour simple moving averages. In regards to the near term future, the 200-hour SMA could force the price into testing the resistance of the 1,745.50/1,747.40 zone. If the zone fails
The USD/JPY managed to break the resistance line, which guided it down since early February 18. However, the following surge was almost immediately stopped by the resistance of the 55-hour simple moving average. At mid-day on Tuesday, the USD/JPY bounced off the SMA and sharply declined below the support of the 108.75/108.80 support zone, the weekly S1 simple pivot point
During the prior weeks, the GBP/USD traded in channel down and channel up patterns that represented the rate's larger scale sideways trading between the 1.3800 and 1.4000 mark. Most recently, the rate was in a channel down pattern that had guided the rate to a support zone near 1.3820. The zone provided enough support for the pair to break the
Despite piercing the resistance of the 1.1940 the EUR/USD failed to reach the 1.1950 mark and started a decline. This attempt provided the opportunity to adjust the width of the resistance zone that surrounds the 1.1940 level. By the middle of Tuesday's European trading hours, the currency exchange rate had reached the support of the 1.1875/1.1885 zone. Near term
The New Zealand Dollar surged by 41 pips or 0.57% against the US Dollar on Monday. The surge was stopped by the 200– hour SMA at 0.7180 during yesterday's trading session.
The USD/CAD exchange rate rebounded from the lower boundary of an ascending channel pattern at 1.2470 on Monday. As a result, the US Dollar has edged higher by 83 pips or 0.66% against the Canadian Dollar since yesterday's trading session.
The Australian Dollar surged by 51 pips or 0.66% against the US Dollar on Monday. The surge was stopped by the 200– hour simple moving average during yesterday's trading session.
Upside risks dominated the common European currency against the Japanese Yen on Monday. The exchange rate edged higher by 85 pips or 0.66% during yesterday's trading session.
The yellow metal's surge, which was started by the support of the 200-hour SMA on Thursday, eventually found resistance. Namely, the 1,745.50/1,747.40 zone provided resistance. By the middle of Monday's trading, the commodity price had retraced down to the support 200-hour simple moving average. If the SMA manages to once again cause a surge, the price could again test the resistance
The support zone of the 108.75/108.80 level failed, as the USD/JPY clearly passed it on Friday and afterwards began to ignore it. In the meantime, it was spotted on Monday that the 108.60 level provided the rate with support even as early as Thursday. In addition, a descending trend line was added to the chart. The trend line has kept the
The support of the 1.3900 level eventually failed to keep the GBP/USD up on Friday. After the support failed, the rate began a decline, which found support in the 1.3820 level. A new support zone of this level and the March 16 low level has been drawn. In addition, a channel down pattern has been spotted. The pattern captures the