In the aftermath of the release of the US FOMC Meeting Minutes, the US Dollar's value declined. Due to that reason the EUR/USD currency exchange rate approached the resistance of the 1.1400 mark, which was strengthened by the 200-hour simple moving average and the weekly simple pivot point. If the pair reached above the 1.1400 mark, the Euro would face
The surge of the yellow metal's price eventually found resistance in the 1,880.00 mark. The price was testing the resistance of the round price level until the Russian government announced that it would move a part of its forces away from the Ukrainian border. This resulted in risk on sentiment and a drop of the price of the metal's price
At mid-day on Tuesday, the USD/JPY currency exchange rate was testing the resistance of the January high level zone at 115.68/115.71. The rate failed to pass this zone during the late trading hours of Monday. If the rate passes above the 115.68/115.71 zone, the pair would face no resistance as high as the February high level zone at 116.25/116.35 and the
At mid-day on Tuesday, the GBP/USD currency exchange rate broke the resistance line of the channel up pattern, which captured the rate since the middle of last week. In addition, the resistance of the 50, 100 and 200-hour simple moving averages was passed. However, the pair found resistance in the weekly simple pivot point at 1.3568. If the Pound continues to
At midnight to Tuesday, the EUR/USD currency exchange rate broke the channel down pattern, which guided the rate since the US CPI release on Thursday. By the middle of Tuesday's European trading hours, the currency exchange rate had reached above the 50-hour simple moving average at the 1.1340 mark. In the meantime, the pair was finding resistance in the
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