By the middle of Tuesday's European trading hours, the GBP/USD had managed to pass the resistance of the 1.3870 level and reach the 1.3900 mark. The 1.3900 level paused the rate's surge. In the case of the rate passing the resistance of the 1.3900 mark, the pair would face the 200-hour simple moving average at the 1.3930 level and afterwards the
The decline of the EUR/USD eventually found support in the weekly S1 simple pivot point at 1.1838. By the middle of Tuesday's GMT trading hours, the currency pair had recovered and reached above the 1.1900 mark. In the case of the pair continuing the surge, the pair could test the resistance of the 1.1950 level, which should be strengthened by
The New Zealand Dollar declined by 72 pips or 1.01% against the US Dollar on Monday. The currency pair reversed from a resistance cluster at 0.7188 during yesterday's trading session.
During the first half of Monday's trading session, the US Dollar rose by 69 pips or 0.54% against the Canadian Dollar. However, the currency pair erased the earlier gains during the end of the day.
The AUD/USD currency pair reversed from a resistance cluster formed by the weekly pivot point and the 50– hour SMA at 0.7713 on Monday.
The EUR/JPY currency pair rebounded from the lower line of an ascending channel pattern at 128.88 on Monday.
The yellow metal ended its sideways trading by surging to the resistance of the 100-hour simple moving average, which held and caused a decline. During the early Monday's trading hours, the rate had reached the support of the 1,690.00 level. If the 1,690.00 provides support once again, the metal's price could make another attempt to pass the resistance of the 100-hour
The USD/JPY started to consolidate after reaching above the 108.50 level. Namely, the rate began to trade sideways between 108.00 and 108.50. However, on Monday morning, the rate was making another attempt to surge. In the meantime, the resistance zone of 108.55/108.65 that caused the consolidation has been marked on the chart. If the USD/JPY passes the resistance zone, the pair
The February 12 low level of 1.3775 provided the GBP/USD with support even before it was properly reached. The rate reversed its direction at mid-day on Friday. Since then, the rate has been testing the resistance of the 1.3830/1.3870 zone. However, it could be observed that most resistance was provided exactly by the 1.3870 level. In the near term future, the
On Monday morning, the EUR/USD declined below the support of the 1.1900 mark. Next target for the decline was the 1.1850 mark and the weekly S1 simple pivot point at 1.1838. In the case of the mentioned support levels holding, the rate could recover and test the resistance of the 1.1900. In addition, this level could be soon reached by
On Friday, the New Zealand Dollar edged up by 55 pips or 0.77% against the US Dollar. The 50– hour simple moving average provided resistance for the currency pair during Friday's session.
During Friday's trading session, the US Dollar fell by 67 pips or 0.53% against the Canadian Dollar. The decline was stopped by the 200– hour simple moving average on Friday.
During Friday's session, the Australian Dollar fell by 67 pips or 0.87% against the US Dollar. The 50– hour simple moving average pressured the currency pair lower on Friday.
During Friday's trading session, the common European currency declined by 63 pips or 0.49% against the Japanese Yen. The decline was stopped by the 200– hour simple moving average on Friday.
The Chairman of the US Federal Reserve Jerome Powell made a speech on Thursday, which caused a surge of the US Dollar. This resulted in the price of gold bouncing off the combined resistance of the 1,720.00 mark and the 55-hour simple moving average. The price almost immediately reached the 1,690.00 level, which provided support. By the middle of Friday's
The USD/JPY extended its surge and did not retrace back to the 55-hour SMA. Instead, the currency exchange rate surged and by the middle of Friday's trading had reached the 108.50 mark. It occurred due to the speech of the head of the Federal Reserve Jerome Powell, which caused a major surge of the US Dollar against all other
The GBP/USD started to test the resistance of the 200-hour SMA, as it finally pierced the resistance of the 1.4000 mark. However, at that time the head of the US Federal Reserve Jerome Powell started a speech. In his speech he revealed that the US monetary stimulus would remain unchanged. It resulted in a surge of the US Dollar against
During Thursday's trading session, the New Zealand Dollar declined by 96 pips or 1.32% against the US Dollar. The currency pair tested the weekly S1 at 0.7147 on Friday morning.
At 17:00 GMT on Thursday, the head of the US Federal Reserve Jerome Powell started a speech. During the speech he revealed that the current US monetary stimulus would remain intact. However, as the markets appeared to expect additional stimulus, the value of the US Dollar surged. It resulted in two large red hourly candles, which passed all support
During the first half of yesterday's trading session, the US Dollar declined by 91 pips or 0.72% against the Canadian Dollar. However, the currency pair regained the lost points by the end of the day.
The Australian Dollar edged lower by 101 pips or 1.30% against the US Dollar on Thursday. The currency pair was pressured lower by the 50– hour simple moving average during yesterday's trading session.
During the first half of Thursday's trading session, the Eurozone single currency gained 61 pips or 0.48% against the Japanese Yen. However, the currency pair erased the earlier gains by the end of the day.
Instead of testing the support of the 1,700.00 level the price for gold began to trade sideways even before it was reached. Since the middle of Wednesday's GMT trading hours, the price has been fluctuating between 1,710.00 and 1,720.00. On Thursday, the bullion was being approached by the 55 and 100-hour simple moving average. In the near term future, the price
The USD/JPY currency exchange rate has gained new high level, as the 55-hour simple moving average provided support and pushed the rate up. By the middle of Thursday's trading, the pair had almost reached the 107.40 level. Take into account that the weekly R1 simple pivot point at 107.25 failed to provide any resistance. In the near term future, the pair