On Tuesday, the Russian news agency Interfax revealed that a part of the Russian army would move away from the Ukrainian border. This event caused a decline of the USD, which broke the channel up pattern that guided the USD/CAD rate up during the increase of tensions last week. In addition, the rate passed all close by technical support levels
On Tuesday morning, the GBP/JPY currency exchange rate found support in the 156.00 mark. The event was followed by a surge, which passed the resistance of the 50 and 200-hour simple moving averages and the weekly simple pivot point. If the currency pair surges, it could test the resistance of the trend line, which connects the recent February high levels
The AUD/USD currency exchange rate broke the resistance of the channel down pattern. On Tuesday morning, the pair was located near the 0.7150 mark, as the rate had broken various technical resistance levels and the 0.7150 mark. Namely, the 50 and 200-hour simple moving averages and the weekly simple pivot point failed to stop a surge. If the currency pair
On Monday, the EUR/JPY currency exchange rate found support in a zone above the 130.00 mark. Namely, the support of the 130.00 level was not even properly tested. On Tuesday morning, the currency pair had recovered and reached above the 131.00 level. In the near term future, the pair was expected to test the resistance zone at 131.25/131.40. If the
On Friday, the US government announced that Russia is about to invade Ukraine. The news caused a major run to safety. The price for gold jumped up to the 1,865.00 level. On Monday, the price declined and revealed that there is a support zone at 1,851.30/1,851.60. In the meantime, it was spotted that the surge of the price for gold has
On Friday, the USD/JPY currency exchange rate was testing the support of the channel up pattern and the 50-hour simple moving average near 115.85. However, the US government announced that Russia is about to invade Ukraine. The event caused a major run to safety, as the value of the Japanese Yen spiked. On the USD/JPY charts it resulted in a
On Monday morning, the GBP/USD currency exchange rate declined to the 1.3500 mark. The 1.3500 level acted as support and managed to hold, by the middle of the day's European trading hours. A move of the Pound against the US Dollar below the 1.3500 mark could immediately find support in the weekly S1 simple pivot point at 1.3492. Below these levels,
The EUR/USD has been declining in a channel down pattern since the pair touched the US CPI high on February 10. On Monday, the pair was approaching the 1.1300 mark and the weekly S1 simple pivot point at 1.1289. If the rate reaches below the weekly S1 simple pivot point at 1.1289, the EUR/USD might look for support in
On Monday morning, the USD/CAD spiked, as the rate was approaching the resistance zone at 1.2787/1.2800. In addition, the resistance zone was strengthened by the weekly R1 simple pivot point at 1.2787. A move above the resistance zone might find resistance in the weekly R2 simple pivot point at 1.2833, before the rate reaches the 1.2850 mark. On the
A run to safety started on Friday, as tensions over Ukraine increased. The event resulted in a strengthening of the Japanese Yen and a subsequent decline of the GBP/JPY currency exchange rate. On Monday morning, the pair appeared to be heading to the combined support of the February low level and the weekly S1 simple pivot point at 155.15. If the
It was spotted on Monday that the high volatility, which was caused by the US CPI release and tensions in Ukraine, has been captured by a channel down pattern. On Monday morning, the currency exchange rate reached below the 0.7100 mark. If the AUD/USD continues to decline, the rate might look for support in the weekly S1 simple pivot point
On Friday, the US government and western media announced that Russia could soon invade Ukraine. The event resulted in a run to safety, which boosted the value of the Japanese Yen. On the EUR/JPY charts it resulted in a decline below 130.50. On Monday morning, the pair had retreated even further and was expected to reach 130.00. If the pair
The US CPI caused gold price volatility, which occurred in the 1,822.10/1,842.10 range. As the markets calmed down and took in the fundamental news, the price for gold retreated to trade below the 1,830.00 mark. At mid-day on Friday, the commodity price was located between support of the 1,825.00 mark and the 100-hour simple moving average and the resistance of
Despite the volatility caused by the release of the US Consumer Price Index data on Thursday, the USD/JPY currency exchange rate has continued to trade in a channel up pattern. The CPI release resulted in a test of the resistance of the high level zone at 116.25/116.35. The bounce off from the resistance zone provides another reference point for a
Just like all USD pairs and assets the GBP/USD was highly volatile during the US Consumer Price Index release. The pair was bouncing around in the 1.3525/1.3645 range after the release. On Friday morning, the currency exchange rate found support in the weekly simple pivot point at 1.3517 and started a surge. By the middle of the day's European trading
The EUR/USD reacted to the publication of the US Consumer Price Index by being highly volatile in the 1.1375/1.1500 range. On Friday morning, the volatility was gone and the pair declined below the 1.1375 mark, before retracing to the 1.1400 level. At mid-day, it appeared that the 1.1400 mark was acting as resistance. If the pair reaches above the 1.1400
The USD/CAD was highly volatile after the release of the US Consumer Price Index on Thursday, as the pair bounced around in the range between the 1.2640 and 1.2750 levels. Namely, the rate fluctuated in a more than 100 pip range. On Friday morning, the volatility appeared to have calmed down. In the aftermath of the event, the pair ended up
On Thursday, the GBP/JPY currency exchange rate broke the upper trend line of the channel up pattern and reached the 158.00 mark. However, the rate did not reach the 2021 high level at 158.23 and started a decline. By the start of Friday's European trading hours, the currency pair had found support in the 156.80 mark, the 50-hour SMA and
On Thursday, at 13:30 GMT, the monthly US Consumer Price Index data was published. The data caused an immediate drop of the USD, which was followed by a sharp recovery. After the recovery, a decline started. Namely, the volatility increased, as the markets took in the news and the chart adjusted to the new fundamentals. During the volatility, the AUD/USD
On Thursday, the EUR/JPY currency exchange rate reached above the 133.00 mark. However, the surge appears to have been stopped by the weekly R1 simple moving average at 133.19. The event was followed up by a decline. On Friday morning, the pair had returned to the 132.00 level, which acted as support. If the 132.00 mark provides enough support for
Since the middle of Wednesday's trading, the pair has been fluctuating between the 1.2665 and 1.2685 levels, as the market awaits today's US Consumer Price Index data. The inflation data is bound to reveal, how the US Federal Reserve is set to combat inflation via monetary policy. If the currency pair reacts to the news with a surge, the USD/CAD would
On Thursday morning, the GBP/JPY currency exchange rate jumped and reached above the 157.20 level. In the meantime, a channel up pattern was spotted on the pair's charts. If the pair continues to surge, it would eventually reach the resistance of the 157.50 mark and the weekly R2 simple pivot point at 157.72. Meanwhile take into account the upper trend
On Wednesday, the Australian Dollar passed the resistance zone at 0.7160/0.7170 and the resistance line of the January high levels against the US Dollar. On Thursday morning, the pair retraced and confirmed the zone as support. In addition, analysts have spotted that the rate has been surging in a channel up pattern since February 4. If the currency exchange rate continues
On Thursday morning, the EUR/JPY currency exchange rate broke the resistance zone at 132.00/132.25. The zone kept the rate down since February 4. Note that the breaking of the pattern occurred in a sharp move upwards, during which the pair passed the 132.50 mark. If the rate continues to surge, it would most likely aim at the 133.00 mark