Gold charts have been reviewed. New patterns have been discovered. In general, the metal is going down. Namely, the commodity price is trading in two channel down patterns in the borders of a large scale ascending pattern. In the near term future, the pair is set to decline in the smallest pattern down to the 1,213.85 level, where it should encounter
The US Dollar is taking a break from the surge against the Japanese Yen. Namely, the rate was retracing downwards after reaching the 114.10 level. On Friday morning the pair found support in a pivot point at 113.80. Due to this support it was assumed that the surge was about to resume and the rate will eventually reach the 114.40 level. On
The GBP/USD is heading lower on Friday. Previously, the rate confirmed the 100-hour simple moving average as resistance and began a decline. The decline of the pair was almost over by the middle of Friday's trading. The reason for that was the fact that the pair was about to meet with the lower trend line of the 200-hour SMA at
On Friday, the EUR/USD traded below the 1.1350 mark. It had declined there after plummeting suddenly in the afternoon of Thursday.In the near future, the currency exchange rate is expected to continue to decline down to the 1.1300 level. At that level the weekly S1 and the lower trend line of a dominant pattern will meet with the rate. If
The New Zealand Dollar surged by 120 base points against the US Dollar on Tuesday. The currency pair breached a resistance cluster formed by the combination of the weekly and the monthly PPs near the 0.6728 region during the end of yesterday's trading session.
The US Dollar has depreciated about 63 base points against the Canadian Dollar since Tuesday trading session.
The Australian Dollar appreciated about 50 base points against the US Dollar on Tuesday. The currency pair breached the upper boundary of a dominant descending channel at 0.7250 during the end of the previous trading session.
The common European currency appreciated about 90 base points against the Japanese Yen on Tuesday. This appreciation was temporary stopped by the weekly R1 at 129.76.
The New Zealand Dollar traded with low volatility against the US Dollar on Monday. The currency pair surged by about 39 base points during Monday's trading session.
The US Dollar appreciated about 45 base points against the Canadian Dollar on Monday. The currency pair breached all three SMAs during the end of yesterday's trading session.
The Australian Dollar traded with low volatility against the US Dollar on Monday. The AUD/USD currency pair appreciated by 37 base points during yesterday's trading session.
The single European currency appreciated by 71 base points against the Japanese Yen on Monday. A breakout through the upper boundary of a dominant descending channel occurred has predicted by the analyst.