On Wednesday, the US Dollar declined by 96 pips or 0.75% against the Canadian Dollar. The decline was stopped by the 200– hour simple moving average during yesterday's trading session.
On Wednesday, the British Pound edged higher by 74 pips or 0.49% against the Japanese Yen. The currency pair breached the 50– hour simple moving average during Wednesday's trading session.
During Wednesday's trading session, the AUD/USD currency pair continued to trend lower in a descending channel pattern.
The EUR/JPY currency pair bounced off the lower boundary of a descending channel pattern at 127.94 on Wednesday. As a result, the Eurozone single currency edged higher by 68 pips or 0.53% against the Japanese Yen.
Since the middle of Tuesday's trading hours, the price for gold has been kept down by the combined resistance of the 200-hour simple moving average and the 1,781.00/1,783.00 zone. In the case that the 200-hour simple moving average continues to push the price down, it could find support in the 55 and 100-hour simple moving averages. The 55-hour SMA was
On Wednesday morning, the USD/JPY currency pair bounced off the resistance of the 109.60 level. Previously, during night hours, the rate ended a decline by finding support in the September and August low level at 109.12. In the near term future, the rate had two possible scenarios. The pair could either pass the resistance of the 109.60 zone or bounce
At midnight to Wednesday, the GBP/USD encountered and bounced off the combined resistance of the weekly S1 simple pivot point at 1.3676 and the 55-hour simple moving average at 1.3680. Afterwards, the rate began a step by step decline, which had no technical support as low as 1.3808. In the case that the rate declines, the GBP/USD could look for support
The EUR/USD bounced off the resistance of the 1.1750 level on Tuesday. By the middle of Wednesday's trading hours, the rate had been fluctuating between the 1.1720 level and the 1.1740 level. Meanwhile, the rate was being approached by the resistance of the 100-hour simple moving average from above. In the case that the rate surges above the resistance of
On Tuesday, the US Dollar surged by 84 pips or 0.66% against the Canadian Dollar. The currency pair breached the upper line of an ascending channel pattern at 1.2850 during Tuesday's trading session.
On Tuesday, the British Pound fell by 106 pips or 0.71% against the Japanese Yen. The currency pair breached a one-month low at 149.19 during Tuesday's trading session.
During Tuesday's trading session, the Australian Dollar declined by 57 pips or 0.78% against the US Dollar. The currency pair was pressured lower by the 50– hour simple moving average on Tuesday.
During Tuesday's trading session, the common European currency fell by 70 pips or 0.54% against the Japanese Yen. The currency pair tested the 128.00 level on Wednesday.
On Tuesday, the yellow metal's price reached the resistance of the 200-hour simple moving average and the previous September low level zone at 1,781.00/1,783.00. In the case that the price passes the resistance of the 200-hour SMA and the 1,781.00/1,783.00 zone, the bullion could aim at the 1,800.00 mark. On the other hand, a potential bounce off from the resistance zone
By the start of Tuesday's US trading, the USD/JPY currency exchange rate had reached the 109.20 level. The next target for the decline appeared to be the September and August low levels at 109.12. In the case that the low level holds and a recovery starts, the pair could find resistance in the weekly S1 simple pivot point at 109.37. Above
At mid-day on Tuesday, the GBP/USD reached below the 1.3650 level. Due to that reason the rate could decline even further, as a round exchange rate level has been passed. A potential further decline of the rate could look for support in the weekly S2 simple pivot point at 1.3608. Below the pivot point, the rate could look for support in
The EUR/USD currency exchange rate has recovered to the 1.1750 level, which on Tuesday appeared to be providing resistance. A bounce off from the 1.1750 mark could result in a decline and another test of the support of the 1.1700 mark. The 1.1700 mark provided enough support on Friday for the pair to recover. On the other hand, a potential
On Monday, the US Dollar edged higher by 119 pips or 0.93% against the Canadian Dollar.
Downside risks pressured the GBP/JPY currency pair lower on Monday. As a result, the British Pound fell by 183 pips or 1.22% against the Japanese Yen during yesterday's trading session.
On Monday, the Australian Dollar rose by 44 pips or 0.60% against the US Dollar. The currency pair breached the 50– hour simple moving average at 0.7264 during the Asian session on Tuesday.
On Monday, the common European currency fell by 81 pips or 0.83% against the Japanese Yen. The currency pair tested the lower line of a descending channel pattern at 128.20 during Monday's trading session.
Upside risks pressured the USD/CAD currency pair on Friday. As a result, the US Dollar edged higher by 128 pips or 1.01% against the Canadian Dollar during Friday's trading session.
On Friday, the British Pound edged lower by 98 pips or 0.64% against the Japanese Yen. The currency pair was pressured lower by the 200– hour simple moving average during Friday's trading session.
On Friday, the Australian Dollar declined by 55 pips or 0.75% against the US Dollar. The currency pair was pressured lower by the 50– hour simple moving average during Friday's trading session.
On Friday, the common European currency declined by 78 pips or 0.68% against the Japanese Yen. The currency pair breached the 50– hour simple moving average during Friday's trading session.