On Monday, the Australian Dollar surged by 44 pips or 0.61% against the US Dollar.
During the first half of yesterday's trading session, the common European currency surged by 68 pips or 0.53% against the Japanese Yen. However, the currency pair erased the earlier profit by the end of the day.
Since September 30, the yellow metal's price has been testing the resistance of the last week high zone at 1,761.10/1,765.00. Meanwhile, support is being provided by the 55 and 200-hour simple moving averages and the 1,750.00 mark. If the price passes the resistance of the recent high levels, the metal could aim at the 1,800.00 level. However, the 1,780.00 and 1,785.00
The bounce off from the 112.00 mark has turned into a proper decline, as on Friday the USD/JPY currency exchange rate reached the 111.00 level. On Monday, the rate had paused the decline, as the support of the 200-hour SMA was approaching the pair. Meanwhile, resistance levels were spread out from 111.24 to 111.44. In the near term future, a
The GBP/USD recovery passed the resistance of the 55-hour SMA and the 100-hour SMA on Friday. On Monday, the rate paused the surge. After a short investigation, it was discovered that the July low level zone of 1.3575/1.3790 was providing resistance. In the meantime, the 200-hour SMA had approached and strengthened the resistance zone. In addition, the 55 and 100-hour
The EUR/USD currency exchange rate on Monday morning found support in the 55-hour simple moving average at 1.1590 and surged. Moreover, the resistance of the 1.1600 level was ignored. In the case that the rate continues to surge, it would most likely encounter the resistance of 100-hour simple moving average near 1.1620, the weekly simple pivot point at 1.1631. Above
On Friday, the US Dollar fell by 110 pips or 0.87% against the Canadian Dollar. The currency pair was pressured lower by the 50– and 200– hour SMAs during Friday's trading session.
On Friday, the British Pound surged by 124 pips or 0.83% against the Japanese Yen. The surge was stopped by a resistance level formed by the 200– hour simple moving average at 150.68 during Friday's trading session.
The Australian Dollar fell by 29 pips or 0.40% against the US Dollar on Friday. The decline was stopped by the 200– hour simple moving average during Friday's trading session.
The EUR/JPY currency pair consolidated above the support level at 128.60 on Friday.
The yellow metal has clearly broken the resistance of the channel down pattern. It occurred in a sharp four hour jump, which also passed the resistance of the 55, 100 and 200-hour simple moving averages. Eventually, the metal's price was stopped by the 1,765.00 level's resistance. On Friday, the pair traded sideways around the 200-hour SMA and the 1,755.00 level. If the
The USD/JPY made three attempts to pass the 112.00 level before bouncing off it. At mid-day on Friday the rate had declined and almost reached the 111.00 level. If the 111.00 level provides support, the pair might recover. A potential recovery could encounter resistance at the weekly R2 simple pivot point at 111.34, the 100-hour simple moving average at 111.42
The GBP/USD found support on Wednesday and Thursday above the 1.3400 level. The support zone has been marked on the hourly candle chart. After finding support, the pair surged to the resistance of the 55-hour simple moving average and the 1.3500 level. These levels provided resistance and the 55-hour SMA began to push the rate down. By the middle of
The decline of the EUR/USD resumed on Thursday. However, it immediately found support in the 1.1563/1.1568 zone. The zone held the pair up from 10:00 GMT up to 01:30 GMT, when a recovery appeared to have started. During the early hours of Friday's trading hours, the currency exchange rate was approaching the resistance of the 1.1600 level, which could be
On Thursday, the US Dollar declined by 88 pips or 0.69% against the Canadian Dollar. The currency pair tested the lower boundary of an ascending channel pattern during yesterday's trading session.
The GBP/JPY currency pair failed to break the 150.60 resistance level on Thursday.
On Thursday, the Australian Dollar edged higher by 55 pips or 0.77% against the US Dollar. The surge was stopped by the 200– hour simple moving average at 0.7250 during Thursday's trading session.
The common European currency declined by 116 pips or 0.89% against the Japanese Yen on Thursday. The currency pair breached the 200– hour SMA support level at 129.31 during yesterday's trading session.
The yellow metal pierced the upper trend line of the channel down pattern on Wednesday. However, the 55-hour simple moving average almost immediately provided resistance and caused a drop of the metal's price. The drop shortly reached below the 1,725.00 before the price began to recover. On Thursday, the bullion retraced back to the previously pierced upper trend line of the
After breaking the channel up pattern, the USD/JPY declined. However, the decline was short, as the pair found support in the 55-hour simple moving average. The SMA provided enough support to cause a surge, which reached the 112.00 level. By the middle of Thursday's trading, the currency exchange rate fluctuated sideways below the 112.00 mark. In the near term future, the
The decline of the GBP/USD eventually stopped on Wednesday. Namely, the rate found support in the 1.3415 level and retraced back up to the weekly S3 simple pivot point at 1.3463. Up to early hours of Thursday's trading, the pair fluctuated sideways in the 1.3415/1.3463 zone. In theory, the rate should continue to decline, as it has no technical or historical
At mid-day on Wednesday, the EUR/USD plummeted, as it passed one weekly simple pivot point after another until it found support in the 1.1590 level. By Thursday's European morning hours, the rate had been consolidating by trading sideways between the 1.1590 and 1.1610 levels. In the near term future, the rate was most likely going to decline, as it
Upside risks dominated the USD/CAD currency pair on Wednesday. As a result, the US Dollar edged higher by 99 pips or 0.78% against the Canadian Dollar during Wednesday's trading session.
On Wednesday, the British Pound declined by 108 pips or 0.71% against the Japanese Yen. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session.