The GBP/USD has once again bounced off the resistance of the 1.4000 mark. The rate appears to be trading flat this week between the 1.3850 and 1.4000 level. In the meantime, the 100-hour simple moving average approached the rate and failed to provide any impact on it. In the near term future, the rate is expected to reach for the support
The resistance of the 1.2100 level held, as the currency exchange rate bounce off it and began a decline. By the middle of Thursday's trading, the rate's decline was heading down to the 1.2000 level. The rate was expected to reach this level, as the support zone near 1.2020 and the weekly S1 simple pivot point at 1.2011 did
The New Zealand Dollar declined by 74 pips or 1.01% against the US Dollar on Wednesday. The currency pair breached the lower boundary of an ascending channel pattern during Wednesday's session.
The US Dollar surged by 76 pips or 0.60% against the Canadian Dollar on Wednesday. The currency pair breached a resistance cluster at 1.2650 during yesterday's trading session.
The Australian Dollar declined by 80 pips or 1.02% against the US Dollar on Wednesday. The AUD/USD currency pair tested the 0.7750 area during Wednesday's trading session.
The common European currency dipped by 52 pips or 0.40% against the Japanese Yen on Wednesday. The decline was stopped by the 50– hour simple moving average at 128.00 during yesterday's trading session.
The New Zealand Dollar surged by 92 pips or 1.28% against the US Dollar on Tuesday. The currency pair reversed from the lower boundary of an ascending channel pattern during yesterday's trading session.
The yellow metal's recovery found resistance in the 1,740.00 level. Meanwhile, the price almost ignored the 55-hour simple moving average and the 38.20% Fibonacci retracement level. Namely, round price levels managed to provide more impact than technical indicators. In the meantime, the recent low levels were used to draw a channel down pattern, which has guided the metal since early February.
Instead of reaching new high levels or trading sideways, the USD/JPY retraced back down to the support of the 55-hour simple moving average. On Wednesday, the SMA had pushed the rate back to the 106.90 level, which provided resistance on Tuesday. If the rate manages to pass the 106.90 mark, it could immediately find resistance in 107.00. In the case
The support zone that surrounds the 1.3850 mark held. Namely, after testing the zone for nine hours, the GBP/USD began a recovery. By the middle of Wednesday's European trading hours, the rate had reached the 1.3990 level. In addition, the resistance of the 100-hour simple moving average was passed. In the near term future, the rate was likely going to reach
The US Dollar declined by 91 pips or 0.72% against the Canadian Dollar on Tuesday. The currency pair breached the 200– hour simple moving average during yesterday's trading session.
The support of the 1.2000 mark was enough for the EUR/USD to start a surge, which managed to pass the resistance of the 55-hour simple moving average and reach the 1.2100 mark. In the meantime, the 1.2100 level was strengthened by the 100-hour simple moving average. In the near term future, the rate was expected to test the resistance of
The Australian Dollar surged by 101 pips or 1.31% against the US Dollar on Tuesday. The currency pair breached the 50– hour simple moving average at 0.7750 during Tuesday's trading.
The EUR/JPY currency pair bounced off the 200– hour simple moving average at 128.56 on March 2, as a result, the common European currency has surged by 98 pips or 0.76% against the Japanese Yen since Tuesday's trading session.
The yellow metal's price found resistance in the previous support of the declining wedge pattern at the 1,760.00 level. It was followed by a decline, which on Tuesday found support in the 1,710.00 level. By the middle of the day's European trading, the rate had retraced back up. The recovery of the rate was approaching the 38.20% Fibonacci retracement level at
The surge of the USD/JPY currency exchange rate continues, as on Tuesday morning, the rate was testing the 106.90 level. In the meantime, the 38.20% Fibonacci retracement level at 106.86 not manage to provide resistance. In the meantime, it was spotted that the rate is gradually pushed up by the 55-hour simple moving average. Namely, the rate surges, then consolidates
The GBP/USD has been gradually declining, as it has been pushed down by the 55-hour simple moving average. On Tuesday morning, the rate had reached the support zone of the early February high and late February low level. In the case of the zone being passed, the rate could look for support in the weekly S1 simple pivot point at
Previously, the resistance of the 1.2100 mark held and caused a a decline. On Tuesday morning, the EUR/USD currency exchange rate had reached below the support of the zone near 1.2020 and the weekly S1 simple pivot point. In theory, the pair should now decline to the weekly S2 simple pivot point at 1.1946. If this level gets passed, the
The New Zealand Dollar edged up by 53 pips or 0.74% against the US Dollar on Monday. A breakout occurred through the lower boundary of an ascending channel pattern during the London session on Tuesday.
The US Dollar declined by 71 pips or 0.56% against the Canadian Dollar on Monday. The currency pair breached the weekly pivot point at 1.2650 during Monday's trading session.
The Australian Dollar edged higher by 60 pips or 0.78% against the US Dollar on Monday. The surge was stopped by the 50– hour simple moving average at 0.7785 during yesterday's trading session.
The Eurozone single currency has declined by 54 pips or 0.42% against the Japanese Yen since yesterday's trading session. The decline was stopped by the 200– hour SMA at 128.33 on Tuesday morning.
Downside momentum pressured the New Zealand Dollar against the US Dollar on Friday. The NZD/USD exchange rate declined by 145 pips or 1.97% during Friday's trading session.
The yellow metal's price has broken the descending wedge pattern and almost immediately dropped to the 1,720.00 level. However, afterwards a recovery started and on Monday morning, the price was once again located near the 1,760.00 level. In the near term future, the price was expected to reach for the resistance of the 55-hour simple moving average near 1,770.00 and