In the aftermath of the speech made by Jerome Powell about the US monetary policy on Wednesday, the value of the US Dollar declined. On the EUR/USD charts, the event resulted in a surge. By the middle of Thursday's trading hours, the pair had reached and shortly traded above the 1.1050 mark. If the Euro continues to gain ground against
Comments made by the head of the Federal Reserve Jerome Powell on Wednesday have caused a decline of the currency exchange rate. By the middle of Thursday's trading, the currency pair had reached the 1.2650 mark. If the US Dollar continues to lose value in comparison with the Canadian Dollar, the pair might look for support in the February low
The weakness of the Japanese Yen has continued, as the GBP/JPY rate has already reached the 156.50 mark. In addition, the rate barely respects weekly simple pivot points and previous high levels. A continuation of the surge could continue to move from one round exchange rate level to another until the pair finally reaches the 2021 high level at 158.23. Meanwhile,
By the middle of Thursday's trading, the AUD/USD currency exchange rate surged and passed above resistance levels that are located from the 0.7290 up to the 0.7330 mark. Namely, round price levels, previous notable levels and technical indicators were ignored. The surge was mainly attributed to the US Dollar weakness, which was caused by the yesterday's US Federal Reserve rate
The surge of the Euro against the Japanese Yen has reached a new high level, as the 131.00 mark has been passed and the 131.50 level was reached. On Thursday morning, it was spotted that the rate was finding support in the 131.00 level and the 131.50 still acted as resistance. If the pair reaches above the 131.50 mark, the
The USD/CAD surge on Tuesday ended at the 1.2860 level. Afterwards, a sharp decline started, which by the middle of Wednesday had almost reached the 1.2700 mark. During the decline, the pair shortly paused at the support levels near 1.2780. If the decline of the USD/CAD passes below the 1.2685/1.2700 zone, the rate might look for support in the weekly S1
On Wednesday morning, the GBP/JPY passed the resistance of the February high level connecting trend line. In addition, it initially appeared that the 154.50 mark had started to act as support. A continuation of the surge of the rate might stop at the weekly R2 simple pivot point at 154.89, before approaching the 155.00 mark. Higher above, note the March high
On Wednesday morning, the AUD/USD currency pair passed the resistance of the weekly S1 simple pivot point and the 50-hour simple moving average near 0.7210. By the middle of the day's European trading hours, the pair was approaching the resistance zone at 0.7240/0.7250. If the Australian Dollar bounced off the 0.7240/0.7250 zone against the US Dollar, the pair might first look
The EUR/JPY passed above the 130.00 mark and the weekly R1 simple pivot point at 129.94. The clear move above the resistance occurred, as the 50-hour simple moving average approached the currency exchange rate. A potential surge of the rate higher is expected to find some resistance at the round exchange rate levels at 130.50, 131.00 and 131.50, before approaching
At GMT timezone midnight to Tuesday, the price for gold declined below the support zone near 1,950.00. By the middle of the day's trading, the commodity had reached below 1,920.00. Take into account that this week, the moves in the financial markets are fundamental, as everyone is waiting for the Wednesday's US Federal Reserve rate hike. If the commodity price continues
The surge of the US Dollar against the Japanese Yen has encountered resistance near the 118.50 mark. Namely, a narrow zone below the round exchange rate level appears to have had enough profit taking and going short that the pair reversed its direction. On Tuesday, the currency pair's decline found support in the 50-hour simple moving average near 117.80. If the
During the night to Tuesday, the GBP/USD currency rate reached the support of the 1.3000 mark and a recovery followed. By the middle of Tuesday's European trading hours, the pair had recovered and almost reached the resistance zone at 1.3082/1.3102. Take into account that the zone was strengthened by the 100-hour simple moving average near 1.3085 and the weekly simple
The recovery of the Euro against the USD from the 1.0900 mark has reached a new high, as on Tuesday the pair reached above the 1.1000 mark. During the recovery, the pair passed the resistance of the weekly simple pivot point at 1.0947 and the 50, 100 and 200-hour simple moving averages in the 1.0950/1.0990 zone. If the Euro continues
The USD/CAD managed to pass the resistance of the 1.2800 mark and the zone at 1.2780/1.2800 on Monday. By the middle of Tuesday's European trading, the currency rate had reached above the 1.2850 mark, and was set to aim at the 1.2900 level. However, the pair might find resistance at the weekly R1 simple pivot point at 1.2876 and decline. A
On Tuesday morning, the GBP/JPY currency exchange rate touched the 154.50 level and bounced off it. By the middle of the day, the rate had reached the 50-hour simple moving average near 153.50 and shortly reached below the moving average, before retracing back up to the 154.00 level. If the currency exchange rate surges, the pair would face the resistance of
The sharp decline of the Australian Dollar against the US Dollar has found support in the 0.7150/0.7170 zone. In addition, the bounce off from the 0.7170 level confirmed that the pair has been declining in a channel down pattern since March 6. A recovery of the AUD/USD rate might encounter resistance at the 0.7200 mark and the weekly S1 at 0.7213.
As forecast on Monday, the EUR/JPY reached the 130.00 mark on Tuesday. The 130.00 mark acted as resistance up to the middle of the day's European trading. A bounce off from the 130.00 mark is still expected to look for support in the 129.00 mark and the high level zone below it, before approaching the 128.50 level and the 50-hour
At mid-day on Monday, the price for Gold declined to the support of the zone near 1,950.00. In the meantime, it was spotted that the commodity price was declining in a channel down pattern. However, take into account that this week, the moves in the financial markets are fundamental, as everyone is waiting for the Wednesday's US Federal Reserve rate
On the third attempt the USD/JPY broke the resistance of the 2022 high level zone at 116.20/116.35. The event was followed by a sharp move upwards. Up to the middle of Monday's trading, USD/JPY bulls were looking at profits, as the pair had reached the 118.00 mark. During the last couple of trading sessions, the pair only shortly paused at
On Monday, the GBP/USD currency pair reached a new low level during the early trading hours of the week by touching the 1.3010 level. However, the pair started a recovery, before reaching the 1.3000 mark. By the middle of the day's trading, the pair appeared to have recovered to the combined resistance of the 50-hour simple moving average at 1.3070
In the aftermath of the failed attempt to surge above the 1.1100 mark on Thursday, the EUR/USD began a decline. By the middle of Monday's trading, the rate had declined, found support in the 1.0900 level and recovered to the resistance of the 50, 100 and 200-hour simple moving averages near 1.0965/1.0975. If the Euro manages to continue the recovery
On Friday, the USD/CAD currency exchange rate found support in the 1.2700 mark and started a surge. The following recovery eventually found resistance at the 1.2785/1.2800 zone. Meanwhile, the pair ignored the 50 and 200-hour simple moving averages and the weekly simple pivot point at 1.2750, 1.2765 and 1.2781. If the USD continues to decline against the Canadian Dollar, the pair
The GBP/JPY currency exchange rate passed the resistance zone that surrounds the 153.00 mark on Friday. On Monday, the pair surged above the 153.50 mark and approached the 154.00 level. Meanwhile, it appeared at mid-day that the rate was finding resistance in the 153.95 level, where the weekly R1 simple pivot point was located at. If the rate surges above
On Monday, the Australian Dollar declined against the US Dollar below the support zone at 0.7240/0.7250. The zone kept the pair up throughout March. In the meantime, at mid-day on Monday, the pair appeared to be finding resistance in the 0.7260 mark. A move further below might result in the pair looking for support in the weekly S1 simple pivot