On Wednesday, the GBP/USD found support in the 1.3730 level and started a surge. The surge ignored most technical levels or broke their resistance with ease. By the middle of Thursday's European trading hours, the rate had reached the 100-hour simple moving average near 1.3810. If the pair passes the resistance of the 100-hour simple moving average, it would first aim
The decline of the EUR/USD continued on Wednesday, as the rate eventually reached the support of the weekly S1 simple pivot point at 1.1806. However, after touching the pivot point, the pair recovered to the 1.1830 level. Up to the middle of Thursday's trading, the EUR/USD has been fluctuating sideways between the 1.1810 and 1.1830 levels. In the case that
The USD/CAD currency pair continued to trend higher in a narrow ascending channel pattern. The currency pair tested the 1.2750 level during yesterday's trading session.
The British pound declined by 51 pips or 0.33% against the Japanese Yen on Wednesday. The currency pair breached the 200– hour simple moving average during yesterday's trading session.
On Wednesday, the Australian Dollar declined by 45 pips or 0.61% against the US Dollar. The currency pair breached a support level formed by the 200– hour simple moving average during yesterday's trading session.
On Wednesday, the common European currency fell by 45 pips or 0.35% against the Japanese Yen. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session.
At mid-day on Tuesday, the price for gold reached below the 1,800.00 level. During early Wednesday's trading, the rate was fluctuating in the 1,795.00/1,800.00 range. It could be observed that round price levels were impacting the metal. If the metal manages to pass the resistance of the 1,800.00 level, a surge could find resistance in the 200-hour simple moving average near
The USD/JPY managed to pass the 110.00 level and surged on Tuesday. During the surge, the rate passed the resistance of the 110.25 level and the weekly R1 simple pivot point. On Wednesday morning, the surge had touched the 110.45 level before the rate retraced back down. If the decline of the pair continues, the rate could look for support
On Wednesday morning, the GBP/USD currency exchange rate passed the support of the 1.3770/1.3785 zone. The zone had kept the rate from declining since the middle of Tuesday's trading. In regards to the near term future, the currency exchange rate was expected to decline to the support of the weekly S2 simple pivot point. However, support could be provided by the
On Tuesday, the EUR/USD eventually passed the support of the weekly simple pivot point at 1.1858. By the middle of Wednesday's European trading hours, the pair had reached the 1.1830 level. In the case that the decline of the EUR/USD continues, the currency exchange rate would most likely aim at the weekly S1 simple pivot point at the 1.1806 level.
Upside risks dominated the USD/CAD currency pair on Tuesday. As a result, the US Dollar edged higher by 132 pips or 1.06% against the Canadian Dollar during yesterday's trading session.
During the first half of Tuesday's trading session, the British Pound declined by 55 pips or 0.36% against the Japanese Yen. However, the currency pair rebounded from a support line at 151.53 by the end of the session.
On Tuesday, the Australian Dollar declined by 73 pips or 0.98% against the US Dollar. A breakout occurred through the lower line of an ascending channel pattern during yesterday's trading session.
The EUR/JPY currency pair bounced off a support level formed by the 50– hour SMA at 130.40 on Tuesday.
The summer high levels provided enough resistance for the yellow metal's price to decline to previous trading levels. At mid-day on Tuesday, the price passed the support of the 200-hour SMA and the 1,810.00 level. In the near term future, the metal was expected to continue to decline, as it had no technical support. However, most likely round price levels are
At mid-day on Tuesday, the USD/JPY currency exchange rate passed the resistance of the weekly simple pivot point and the 100 and 200-hour simple moving averages in the 109.92/109.95 zone. However, the rate's attempts at surging higher were immediately stopped by the 110.00 mark. If the rate manages to pass the resistance of the 110.00 level, the pair could reach for
At mid-day on Tuesday, the GBP/USD currency exchange rate broke the lower trend line of the channel up pattern, which had guided the rate since the middle of August. In the near term future, the pair was expected to reach for the support of the 1.3770/1.3785 zone. If the 1.3770/1.3785 support zone reverses the rate's decline, the GBP/USD could aim
The EUR/USD found support on Monday in the weekly simple pivot point at 1.1858. On Tuesday, the rate had slightly recovered. In the meantime, the pair was approached by the 100-hour simple moving average, which could provide additional support and push the rate up. In the case of a surge, the EUR/USD currency exchange rate would most likely test the
On Monday, the US Dollar fell by 32 pips or 0.26% against the Canadian Dollar. However, the USD/CAD currency pair rebounded during the Asian session on Tuesday.
The British Pound declined by 34 pips or 0.22% against the Japanese Yen on Monday. The currency pair breached a support level, formed by the 50– hour simple moving average during Monday's trading session.
Since Monday's trading session, the Australian Dollar has declined by 33 pips or 0.44% against the US Dollar. The currency pair breached the 50– hour simple moving average at 0.7438 during the Asian session on Tuesday.
The EUR/JPY currency pair traded with low volume on Monday. As a result, the Eurozone single currency made about 17 pips or 0.13% against the Japanese Yen during Monday's trading session.
The yellow metal broke out of the triangle pattern. The move was caused by the worse than forecast US employment data, which caused an all-out drop of the USD. The following surge ended at the resistance zone of the August high level at 1,830.00/1,835.00. On Monday morning, the price had declined and found support in the 1,825.00 level. If the price of
The USD/JPY dropped, as the US monthly employment data was released on Friday. The drop was eventually stopped and reversed by the support of the 109.60 level. By the middle of Monday's European trading hours, the rate had recovered to a cluster of technical levels that surrounded the 109.90 level. The cluster consisted of the 55, 100 and 200-hour simple