The narrow descending channel of the EUR/JPY currency pair, which was plotted on Monday, has held its ground, as the decline of the exchange rate has extended into Wednesday session.
Gold remained stable against the US Dollar on Tuesday.
The US Dollar has gained slightly against the Yen during the previous two sessions.
The Sterling found support at the 100-hour SMA early on Tuesday and consequently began appreciating.
Tuesday's trading session lacked volatility, as various moving averages were limiting strong up– or down-moves.
Positions Today Yesterday % Change Longs 63% 63% 0.00% Shorts 37% 37% 0.00% Indicator 4H 1D 1W MACD (12;
The US Dollar introduced no significant changes to its overall price range against the Canadian Dollar on Monday, as the Greenback remained trading with low volatility.
The Australian Dollar was driven by slightly downside momentum on Monday. The currency pair breached a support cluster formed by the 200-hour simple moving average and the weekly pivot point near the 0.7394 regions.
The EUR/JPY currency pair showed no changes to its overall positioning on Monday, thus trading below the weekly pivot point and the lower boundary of a descending channel for the rest of the session.
Despite edging higher late last week, the yellow metal was unable to overcome the 55-period (4H) and 200-hour SMAs near 1,235.00 yesterday.
USD/JPY managed to regain some of the lost positions on Tuesday following the strong two-day plunge from 133.00.
The Sterling remained stable against its American counterpart on Tuesday morning, being stranded between the weekly PP and the 200-hour SMA.
As expected, the European common currency weakened against the US Dollar on Tuesday, pressured lower by the 23.60% Fibonacci retracement and a trend-line near 1.1750.
The New Zealand Dollar accelerated against the US Dollar on Friday thus allowing the currency pair to gained 104 pips or 1.55%. However, the pair still maintained the trading range for last week.
Downside risks dominated the US Dollar against the Canadian Dollar on Friday. As a result, the currency pair lost 174 base points or 1.31% and also, breached both the 55-, 100-, and 200-hour SMAs.
Upside risks dominated the Australian Dollar against the US Dollar. As a result, the currency pair breached the 55-, 100-, and 200-hour SMAs. Friday's session saw the pair gained 118 pips or 1.61%.
The movement of the common European currency has been guided by a one-week descending channel against the Japanese Yen. The currency pair has been pressured by the 55-hour simple moving average.
Gold grew stronger against the US Dollar on Friday, being boosted by fundamental events.
The global weakening of the US Dollar caused a 0.90% plunge for the USD/JPY exchange rate on Friday.
The combined resistance of the 55-hour SMA and the monthly S1 restricted the Pound from moving above 1.3050 early on Friday.
The last two trading days were beneficial for the EUR/USD exchange rate, with it edging 1.36% higher.
The NZD/USD currency pair has temporarily stopped its decline. By the middle of Friday's trading session, bulls managed to take control of the market and drive the rate toward the upper boundary of a descending channel.
Bullish sentiment continues to drive the US Dollar upward against the Canadian Dollar. By the end of Thursday's session, the currency pair has gained 129 base points or 0.98%.
Bearish momentum dominated the AUD/USD currency pair on Thursday, thus, allowing the exchange rate plummeted 121 base points or 1.63% of its value.