At mid-day on Wednesday, the USD/CAD broke the resistance of the 1.2429/1.2434 zone and the weekly R1 simple pivot point at 1.2443. If the rate continues to surge, it could eventually encounter resistance in the 1.2496/1.2507 zone. The resistance zone consists of a early October high level, the weekly R2 simple pivot point at 1.2502 and the 1.2500 mark. A potential decline
Despite passing the support line of the channel down pattern on Tuesday, the GBP/JPY currency exchange rate did not decline. Instead, the pair traded sideways above the 155.00 level, before starting a surge at mid-day on Wednesday. At mid-day on Wednesday, the rate had reached the resistance zone at 155.75/155.90. The zone had impacted the rate on October 14, as a
The recovery of the AUD/USD ended at the 0.7450 level. By the middle of Wednesday's European trading hours, the rate had reached the support of the 0.7419 level, where the weekly S2 simple pivot point was located at. If the rate passes the support of the weekly S2 simple pivot point at 0.7419, the AUD/USD would most likely reach for
Despite piercing the support zone of the last week's low levels, the EUR/JPY recovered to the resistance of the 50-hour simple moving average near 132.00 . The 50-hour SMA kept the rate down since the middle of Tuesday up to Wednesday's US open at 13:30 GMT. At the start of Wednesday's US trading hours, the EUR/JPY surged past the
The resistance of the 55, 100 and 200-hour simple moving averages failed to keep the metal's price down. The bullion pierced the SMAs. However, it did not result in a follow up surge, as the 1,796.00/1,797.00 zone provided resistance. Since the middle of Monday's trading hours, the price has been fluctuating between the support of the 55-hour simple moving average
The USD/JPY began a recovery on Tuesday morning prior to reaching the support zone at 113.25/113.44. By the start of the day's US trading hours at 13:30 GMT, the pair had reached and was testing resistance near 113.80. Namely, the 100 and 200-hour simple moving averages and the weekly simple pivot point were providing resistance from 113.80 to 113.88. A passing
The GBP/USD pair's decline reached the support of the weekly S1 simple pivot point at 1.3628 on Tuesday morning. The pivot point provided enough support for a recovery. In the meantime, a minor channel down pattern appears to have been capturing the rate's recent decline. A potential surge of the pair would most likely face the resistance of the upper trend
The recovery of the EUR/USD has reached the resistance of the technical levels that are spread out from 1.1597 to 1.1616. At mid-day on Tuesday, the rate was finding resistance in the 100-hour simple moving average at 1.1610. If the EUR/USD passes the resistance of the 100-hour SMA, it would immediately face the resistance of the 200-hour SMA at 1.1616.
On Monday, the resistance of the 1.2400 held and caused a decline of the USD/CAD. However, during the mid-day hours of the day the rate found support in the ascending trend line of the October 27 and 29 low levels. The trend line provided enough support for a follow up surge to pass the 1.2400 mark. If the surge of USD/CAD
On Tuesday morning, the GBP/JPY currency exchange rate passed below the lower trend line of the channel down pattern, which guided the rate throughout the second part of October. If the breaking of the pattern would be followed up by a decline, the rate could look for support in the 154.50 level and the weekly S2 simple pivot point at 154.41. However,
On November 2, the Reserve Bank of Australia published its Rate Statement. On the announcement, at 03:30 GMT, the AUD/USD increased volatility by bouncing around in a 28 pip range before declining 34 base points. During the seven hours following the announcement, the rate had already lost 64 base points. At mid-day on Tuesday, the currency exchange rate's decline had paused
Despite being passed a couple of times, the 200-hour simple moving average together with the 55-hour simple moving average managed to cause a decline of the EUR/JPY currency exchange rate. On Tuesday, the rate's decline had passed the support zone at 131.57/131.66 and pierced the 131.50 mark. In the case that the rate continues to decline, it could aim at
On Friday, the yellow metal's price plunged to the 1,772.35 level, before starting to recover. On Monday, the recovery of the price had retraced to the 1,790.00 level and the previously passed support line of the last week's low levels. If the price passes the resistance of the 1,790.00 mark, it would immediately encounter the resistance of the 55, 100 and
The USD/JPY currency exchange rate continued to surge throughout Friday. The surge extended into Monday. However, during the early hours of the day's trading, the pair found resistance in the mid-October high level zone at 114.44/114.47. A passing of the 114.44/114.47 zone might find resistance in the weekly R1 at 114.49, Afterwards, the October high level at 114.70 could provide
The GBP/USD broke the channel up pattern at mid-day on Friday. The event resulted in a sharp decline to the 1.3670 level. Afterwards, a short lived recovery found resistance in the 1.3700 mark. By the middle of Monday's European trading hours, the pair had reached the 1.3650 level. In the case that the decline passes the support of the 1.3650 mark,
The EUR/USD currency exchange rate started a decline on Friday morning, which received a major boost at 08:00 GMT. At that time, the German Preliminary GDP was released. The data revealed that GDP of Germany had increased by 1.8% instead of the forecast 2.2%. The news fueled a decline, which eventually reached the 1.1535 level. On Monday morning, the rate
At mid-day on Friday, the USD/CAD currency exchange rate passed the resistance of the 55 and 200-hour simple moving averages near 1.2360. It resulted in a surge, which found resistance in the previously passed trend line at 1.2408. Since the encountering of the resistance, the rate has been trading below the 1.2400 mark. A surge of the USD/CAD rate might find
At mid-day on Friday, the surge of the GBP/JPY pair ended at the 157.00 mark. Afterwards, a decline occurred, which found support in the 155.75/155.85 zone. On Monday morning, the pair was testing the resistance of the 55-hour simple moving average at 156.40. If the pair manages to pass the resistance of the 55-hour SMA, next target for the surge
On Friday, the AUD/USD currency exchange rate failed to pass the resistance of the 0.7540/0.7555 zone. The event resulted in a decline, which passed the support of the lower trend line of the October channel up pattern and the 55-hour simple moving average. Moreover, on Monday morning, the rate passed the support of the 200-hour SMA, which kept the rate
The EUR/JPY currency exchange rate found support in the zone that surrounds the 131.60 mark, on Friday. Since then, the currency pair has been recovering. On Monday morning, the pair reached the resistance of the 200-hour simple moving average near 132.40. In the case that the rate surges above the 200-hour SMA and the 132.40 mark, the pair might find
On Thursday, volatility was caused by the release of the US Advance GDP. During the volatility, the price for gold once again confirmed the 1,810.00 level as a resistance level. The following decline passed the 55 and 100-hour simple moving averages. By mid-Friday, the price had almost reached the 200-hour SMA at 1,790.20. A surge of the metal's price could once
Despite piercing the support of the 113.40 level on Thursday, the USD/JPY did not extend the decline. Instead, the pair found support at 113.25 and recovered. At mid-day on Friday, the rate had retraced to the 100-hour simple moving average at 113.79. A potential continuation of the surge might reach for the combined resistance of the weekly simple pivot point at
The worse than forecast US Advance GDP data on Thursday caused a surge of the GBP/USD currency exchange rate. Due to the surge, the rate reached 1.3815, as it surged 85 pips. In the aftermath of the jump of the pair, the GBP/USD has been declining. At mid-day on Friday, the rate was finding support in technical levels in the
The EUR/USD ended trading sideways in the range between the 1.1585/1.1590 and 1.1618/1.1625 zones. The rate ended it due to the release of the worse than forecast US Advance GDP data. The GDP caused a 110 pip jump up to the 1.1693 level. During the fundamental surge not only technical levels, but also the previous October high levels were