The GBP/USD currency exchange rate has passed the resistance of the 1.3900 mark and the weekly R2 simple pivot point at 1.3919. The next target for the rate appears to be the 1.4000 level. If the rate reaches and passes the resistance of the 1.4000 mark, the pair, in theory, should reach for the combined resistance of the 1.4050 mark and
Despite an initial sharp drop that was caused by the Federal Reserve on Wednesday, on Thursday, the EUR/USD had recovered and reached above the resistance of the 1.1850 mark. In addition, the rate had passed the resistance of the weekly R2 simple pivot point at 1.1864. In the near term future, the pair could continue to surge and reach for
The support of the 1,795.00 price level held on Tuesday. Afterwards, the bullion surged to the resistance of the 200-hour simple moving average near 1,807.00 On Wednesday, the rate had bounced off the SMA and declined to the 1,800.00 level. If the decline continues, the commodity price would first test the support of the 1,795.00 level. Afterwards, other round price levels
The USD/JPY declined on Tuesday. The decline reached down to the 109.60 level and the weekly S1 simple pivot point at 109.58. Afterwards, a recovery started, which by the middle of Wednesday's trading had reached the resistance of the 110.00 mark. In the case that the rate passes the resistance of the 110.00 level, it would face a cluster of technical
The GBP/USD currency exchange rate managed to pass the resistance of the weekly R1 simple pivot point at 1.3835 due to the support of the 55-hour simple moving average. By the middle of Wednesday's European trading hours, the currency exchange rate had reached the 1.3900 mark. The 1.3900 has been keeping the rate down throughout July. If the rate once again
On Tuesday, the EUR/USD not only managed to pass the resistance of the weekly R1 and the late July high levels, but also reached the 1.1840 level. The 1.1840 provided enough resistance for the rate to decline. On Wednesday morning, the rate's decline found support in the 55-hour simple moving average. In the near term future, the rate was expected
On Tuesday, the US Dollar surged by 61 pips or 0.49% against the Canadian Dollar. The currency pair breached the 50– hour simple moving average at 1.2567 during Tuesday's trading session.
On Tuesday, the British Pound edged higher by 84 pips or 0.55% against the Japanese Yen. The exchange rate tested the resistance level at 152.68 during Tuesday's trading session.
On Tuesday, the Australian Dollar declined by 25 pips or 0.34% against the US Dollar. The currency pair encounter a resistance cluster at 0.7370 during yesterday's trading session.
On Tuesday, the common European currency fell by 56 pips or 0.43% against the Japanese Yen. The currency pair tested the weekly pivot point at 129.66 during yesterday's trading session.
The US Dollar declined by 52 pips or 0.41% against the Canadian Dollar on Monday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The 1,810.00 level provided enough resistance for the price of gold to start a decline. On Tuesday morning, the price had reached below the 1,800.00 level and traded between the 1,795.00 and 1,800.00 levels. A potential recovery of the commodity price could find resistance in the 1,800.00 mark, which would be strengthened by the 55 and 100-hour simple moving averages.
The British Pound edged higher by 104 pips or 0.69% against the Japanese Yen on Monday. The currency pair was pressured higher by the 50– hour simple moving average during yesterday's trading session.
The USD/JPY has revealed that it respects the resistance of the 110.40 level. Meanwhile, support appears to be provided by the 110.10 level and the 100-hour simple moving average. However, on Tuesday morning, the support of the simple moving average was passed. In the case that the rate surges, the rate would have to pass the 110.40 level before encountering the
The Australian Dollar edged higher by 51 pips or 0.69% against the US Dollar on Monday. The surge was stopped by the 200– hour simple moving average during Monday's trading session.
The surge, which followed the GBP/USD breaking the channel down pattern and the resistance of the 1.3800 mark, has found resistance. Namely, since the middle of Monday's trading hours, the pair has been fluctuating sideways below the weekly R1 simple pivot point at 1.3835. If the pair breaks the resistance of the pivot point, it could reach for the resistance zone
The EUR/JPY currency pair bounced off a support level formed by the 200– hour simple moving average at 129.77 on Monday.
The EUR/USD currency exchange rate has reached above the 1.1800 mark. On Tuesday morning, the pair traded in the range between the 1.1800 and 1.1810 levels. In the case of a surge, the pair would most likely face the resistance of the weekly R1 simple pivot point at 1.1819 and the late July high level zone at 1.1821/1.1823. Above
On Monday morning, the yellow metal traded above the 1,800.00 level. Meanwhile, support was being provided by the combination of the 100-hour simple moving average and the 1,805.00 level. Resistance was being found in the 1,810.00 level and the 200-hour simple moving average. If the rate breaks resistance near 1,810.00, the price of the metal could test the upper trend line
The USD/JPY currency exchange rate has broken the channel up pattern, which guided it throughout last week. On Monday morning, the rate found support in the 100-hour simple moving average and appeared to have paused the decline that started in the aftermath of the breaking of the channel up pattern. In the case of a surge, the pair would need to
On Monday morning, the GBP/USD currency exchange rate broke the large scale channel down pattern, which had guided the rate since the start of July. In the near term future, the surge of the rate could reach for the resistance of the 1.3800 mark, which provided both resistance and support throughout July. Afterwards, the weekly R1 simple pivot point at 1.3835
The support of the zone above the 1.1750 mark has held and caused a recovery of the EUR/USD currency exchange rate. By the middle of Monday's European trading hours, the pair had reached the resistance of the 1.1800 mark. In the case that the surge would continue, the currency exchange rate might reach for the resistance of the weekly
The US Dollar declined by 35 pips or 0.28% against the Canadian Dollar on Friday. The currency pair breached the 50– hour simple moving average during Friday's trading session.
The British Pound edged higher by 57 pips or 0.38% against the Japanese Yen on Friday. The currency pair tested the resistance level at 152.20 during Friday's trading session.