On Tuesday, the GBP/USD surged and reached the resistance of the weekly R1 simple pivot point at the 1.3830 level. The pivot point's resistance held and caused a decline. By the middle of Wednesday's European trading hours, the decline had passed the support of the 55-hour SMA at 1.3769 and was heading to the 1.3750 mark. In the case that the
On Tuesday, the EUR/USD failed to surge, as the 1.1670 appeared to have provided the rate with resistance, which caused a decline. By the middle of Wednesday's trading, the pair had reached the last week's high level zone, which provided support. If the rate passes the support of the 1.1620/1.1625 zone, it could aim at the 1.1600 level before reaching
The US Dollar edged higher by 49 pips or 0.40% against the Canadian Dollar on Tuesday. The surge was stopped by the 50– hour simple moving average at 1.2364 during yesterday's trading session.
The GBP/JPY currency pair bounced off the support level formed by the 50– hour simple moving average at 157.00 on Tuesday. As a result, the British Pound rose by 109 pips or 0.70% against the Japanese Yen.
On Tuesday, the Australian Dollar rose by 77 pips or 1.04% against the US Dollar. The AUD/USD currency pair breached the resistance level at 0.7432 during yesterday's trading session.
On Tuesday, the common European currency edged higher by 55 pips or 0.41% against the Japanese Yen. The 50– hour simple moving average continued to pressure the currency pair higher.
The rate traded near the 1,765.00 mark throughout Monday. At GMT midnight to Tuesday, the price of gold started a surge. Namely, by 09:30 GMT, the bullion had already almost reached the 1,785.00 level. During the surge, the resistance of the 55, 100 and 200-hour simple moving averages was ignored. A continuation of the surge of the price for gold
The rate has ended trading between the 114.00 and 114.50 levels by declining below the 114.00 mark. However, the USD/JPY almost immediately stopped at the support of the 100-hour simple moving average at 113.90. If the 100-hour simple moving average pushes the USD/JPY up, the pair could find resistance first in the 55-hour simple moving average at 114.23. Above this level,
The GBP/USD passed the support of the channel up pattern. However, as the rate approached the 55-hour simple moving average and the 1.3710 level, a recovery began. By the start of Tuesday's European trading hours, the pair had almost reached the 1.3800 mark. If the rate finds resistance at the 1.3800 mark, it could either trade sideways below it or decline.
The 200-hour simple moving average's support held, and the EUR/USD began a surge. The surge managed to break the resistance of the high level zone near 1.1620 and the weekly R1 simple pivot point at 1.1644. During the early hours of Tuesday's trading, the rate had reached the 1.1660 level. A potential continuation of the surge would most likely face
On Monday, the US Dollar declined by 42 pips or 0.34% against the Canadian Dollar. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
On Monday, the British Pound declined by 65 pips or 0.41% against the Japanese Yen. The decline was stopped by the 50– hour simple moving average during Monday's trading session.
Australian Dollar has surged by 72 pips or 0.98% against the US Dollar since Monday's trading session. The currency pair breached the resistance level formed by the 50– hour simple moving average at 0.7413 on Tuesday morning.
On Monday, the common European currency surged by 52 pips or 0.40% against the Japanese Yen. The currency pair breached the 132.78 level during the Asian session on Tuesday.
On Monday morning, the slowed down decline of the yellow metal's price reached below the support of the 200-hour simple moving average. The SMA had kept the pair up together with the 1,765.00 mark since early Friday's trading hours. If the metal's price declines, it could reach the support of the October low level zone of 1,745.00/1,751.00. However, a recovery
Since the middle of Friday's GMT trading hours, the USD/JPY has fluctuated between the 114.00 and 114.50 levels. On Monday morning, the pair was being approached by the 55-hour simple moving average. If the 55-hour SMA provides the USD/JPY with support, a surge could begin. A surge might aim at the resistance of the 115.00 level before reaching the weekly R1
The GBP/USD rate retreated on Monday morning to the support of the lower trend line of a channel up pattern, which has guided the pair since October 12. Future forecasts were based upon whether or not the support holds. In the case of a passing of the support of the channel up pattern, the GBP/USD might find support in the 55-hour
On Monday morning, the EUR/USD appeared to be looking for support, as it found short term support in the weekly simple pivot point at 1.1584 and the 200-hour simple moving average at 1.1571. Near term forecasts were based upon whether or not the support levels hold. In the case of a decline, the pair could reach first for the weekly
On Friday, the US Dollar rose by 57 pips or 0.46% against the Canadian Dollar. The surge was stopped by the 50– hour simple moving average during Friday's trading session.
On Friday, the British Pound surged by 168 pips or 1.08% against the Japanese Yen. The GBP/JPY currency pair tested the 157.40 resistance level during Friday's trading session.
The Australian Dollar versus the US Dollar traded with low volume on Friday. The currency pair breached the 50– hour simple moving average support level at 0.7413 during the Asian session on Monday.
The 50– hour simple moving average guided the EUR/JPY currency pair higher on Friday. As a result, the Eurozone single currency surged by 80 pips or 0.61% against the Japanese Yen during Friday's trading session.
On Thursday, the US Dollar fell by 87 pips or 0.70% against the Canadian Dollar. The currency pair breached the lower line of a descending channel pattern at 1.2352 within this session.
On Thursday, the British Pound surged by 87 pips or 0.56% against the Japanese Yen. The GBP/JPY currency pair tested the 156.00 level during the Asian session on Friday.