On Tuesday, the GBP/USD made another attempt to pass the zone above the 1.3900 mark. In the meantime, the rate revealed on Monday that the zone near 1.3840 manages to provide support. In the near term future, the pair could be pushed up by the support of the 55, 100 and 200-hour simple moving averages. A potential surge could once again
Despite not facing any technical resistance on Monday, the EUR/USD currency exchange rate did not surge. The pair's attempt at moving higher on the chart was stopped by the 1.1880 level. The rate made two attempts to reach above the 1.1880 level before declining and finding support in the 100-hour simple moving average. On Tuesday, the currency exchange rate fluctuated
The 50– hour simple moving average provided resistance for the USD/CAD currency pair on Monday. As a result, the US Dollar fell by 66 pips or 0.52% against the Canadian Dollar during Monday's trading session.
The British Pound surged by 84 pips or 0.55% against the Japanese Yen on Monday.
The AUD/USD currency pair bounced off a support level formed by the 50– hour simple moving average at 0.7453 on Monday.
The common European currency edged higher by 57 pips or 0.47% against the Japanese Yen on Monday. The rise was stopped by the 200– hour simple moving average at 131.09 during Monday's trading session.
On Monday morning, the yellow metal passed the support of the channel up pattern, which had guided the rate since June 29. Moreover, the 55 and 100-hour simple moving averages failed to provide the rate with support. However, the price found support in the 1,800.00 level. In the near term future, the price could recover due to the support of the
On Monday, the USD/JPY recovery reached above the 110.00 mark. However, the rate encountered resistance at 110.29 where the weekly simple pivot point and the 100-hour simple moving average were located at. In the case that the rate surges above the technical resistance levels near 110.30 , the pair could reach for the 200-hour simple moving average and the July 7
During the early hours of this week's trading, the GBP/USD currency exchange rate bounced off the resistance of a zone that surround the 1.3900 level. By the middle of Monday's trading, the rate was expected to look for support near the 1.3850 level. Near the 1.3850 level, the rate could find support in the weekly simple pivot point at 1.3853 and
At mid-day on Friday, the EUR/USD passed the resistance zone above the 1.1860 level and the 200-hour simple moving average. By doing so the rate passed the last technical resistance up to the 1.1923 level where the weekly R1 simple pivot point is located at. In theory, the currency exchange rate should surge up to the weekly R1 simple pivot
Bearish sentiment dominated the USD/CAD currency pair on Friday. As a result, the US Dollar fell by 111 pips or 0.88% against the Canadian Dollar during Friday's trading session.
Upside risks pressured the British Pound higher against the Japanese Yen on Friday. The GBP/JPY currency pair surged by 208 pips or 1.38% during Friday's trading session.
On Friday, the Australian Dollar edged higher by 80 pips 1.08% against the US Dollar. The surge was stopped by the 200– hour simple moving average during Friday's trading session.
Upside risks dominated the EUR/JPY currency pair on Friday. As a result, the common European currency surged by 103 pips or 0.80% against the Japanese Yen during Friday's trading session.
The yellow metal plunged by 208 pips or 1.14% against the US Dollar on Thursday. The decline was stopped by the 100– hour simple moving average during Thursday's trading session.
Downside risks pressured the US Dollar lower against the Japanese Yen on Thursday. AS a result, the USD/JPY currency pair fell by 112 pips or 1.01% during Thursday's trading session.
On Thursday, the British Pound fell by 51 pips or 0.36% against the US Dollar. The currency pair was pressured lower by the 55– hour simple moving average during Thursday's trading session.
Upside risks dominated the EUR/USD currency pair on Thursday. As a result, the common European currency rose by 77 pips or 0.65% against the US Dollar during Thursday's trading session.
The yellow metal has declined by 107 pips or 0.59% against the US Dollar on Wednesday. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session.
The US Dollar rose by 36 pips or 0.32% against the Japanese Yen on Wednesday. The surge was stopped by the 55– hour simple moving average during Wednesday's trading session.
The British Pound declined by 62 pips or 0.45% against the US Dollar on Wednesday. The currency pair pierced the support level at 1.3774 during yesterday's trading session.
The Eurozone single currency declined by 41 pips or 0.35% against the US Dollar on Wednesday. The EUR/USD currency pair breached the weekly support level at 1.1801 during Wednesday's trading session.
On Tuesday, the yellow metal edged lower by 196 points or 1.08% against the US Dollar. The decline was topped by the 55– hour simple moving average during Tuesday's trading session.
On Tuesday, the US Dollar fell by 41 pips or 0.37% against the Japanese Yen. The 200– hour simple moving average pressured the currency pair lower during yesterday's trading session.