The US Dollar edged higher by 129 pips or 1.06% against the Canadian Dollar on Wednesday. The USD/CAD currency pair tested the 1.2280 during Wednesday's trading session.
The British Pound declined by 61 pips or 0.39% against the Japanese Yen on Wednesday. The currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.
The Australian Dollar plummeted by 108 pips or 1.40% against the US Dollar on Wednesday. The AUD/USD exchange rate breached the 0.7600 level during yesterday's trading session.
Downside risks dominated the common European currency against the Japanese Yen on Wednesday. The currency pair fell by 86 pips or 0.65% during yesterday's trading session.
The USD/CAD exchange rate bounced off the weekly pivot point at 1.2130 on Tuesday.
On Wednesday the yellow metal's price remained below the resistance of the 1,870.00 level. In the meantime, the price was approached by the 55-hour simple moving average, which could push the commodity price down. In the case that the 55-hour simple moving average provides enough resistance for the rate to decline, the price would aim at the support of the 1,845.00
On Wednesday morning, the USD/JPY currency exchange rate tested the support of the 55-hour simple moving average, the weekly R1 simple pivot point and the 110.00 mark. Future forecast were based upon whether these levels provide support. In the case of the rate passing the support levels near the 110.00 level, the pair would most likely reach for the support of
The GBP/USD pierced the support of the June low levels and shortly traded near the 1.4040 level. Afterwards, the pair returned to trade near the 1.4080 level. On Wednesday morning, the rate began a surge, which reached above the 1.4100 level. In the near term future, the rate could test the combined resistance of the 100 and 200-hour simple moving averages
The British Pound plummeted by 77 pips or 0.49% against the Japanese Yen on Tuesday. The currency pair breached the 50– and 200– hour SMAs near the 155.00 level during Tuesday's trading session.
The 50– hour simple moving average provided resistance for the AUD/USD exchange rate on Tuesday.
The EUR/USD bounced off the support of the zone above the 1.2100 level and started a recovery, which ended at the 1.2130 level. On Wednesday, the pair was trading sideways between the 55 and 100-hour simple moving averages, which were located at 1.2120 and 1.2136. In the near term future, the rate was expected to get squeezed in between the
The single European currency declined by 34 pips or 0.26% against the Japanese Yen on Tuesday. The decline was stopped by the 200– hour simple moving average during Tuesday's trading session.
On Monday, the yellow metal fulfilled the scenario of reaching the 1,845.00 mark. The 1,845.00 level provided support and caused an immediate recovery, which reached the 1,870.00 level. The 1,870.00 level continued to provide resistance into Tuesday. Meanwhile, the 1,850.00 level was providing support. Namely, the price fluctuated in a 20.00 USD range. In the case of the price ending the
The USD/JPY currency exchange rate found enough support in the 200-hour simple moving average to surge above the resistance of a channel up pattern's upper trend line, the weekly R1 simple pivot point at 109.97 and the 110.00 mark. On Tuesday morning, the rate retraced down to the 110.00 level and confirmed it as support by bouncing off it. In the
The GBP/USD failed to pass the combined resistance of the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point in the 1.4120/1.4138 zone. On Tuesday, the rate had retreated to the support zone of the June low levels. If the rate passes the support of the June low levels, it would most likely reach the support of
The EUR/USD did not continue to trade in the channel down pattern. Namely, after holding for five hours, the upper trend line of the pattern failed and was passed. By the middle of Tuesday's trading hours, the pair had reached the combined resistance of the 100-hour simple moving average and the resistance of the June 7 and 10 low
The US Dollar declined by 37 pips or 0.31% against the Canadian Dollar on Monday. The decline was stopped by the 50– hour simple moving average during Monday's trading session.
The British Pound edged higher by 96 pips or 0.62% against the Japanese Yen on Monday. The currency pair breached the upper line of a descending channel pattern at 155.32 during yesterday's trading session.
The AUD/USD currency pair traded between the 0.7693/0.7723 levels during Monday's trading session. The exchange rate edged higher by 26 pips or 0.33% on Monday.
The common European currency grew by 72 pips or 0.54% against the Japanese Yen on Monday. The currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.
On Monday morning, the decline of the price for gold continued. In total, since Friday morning, the price had lost almost 2.50%. However, at 10:00 GMT on Monday, it appeared that the price had found support in the June low level just above the 1,855.00 mark. In the case that the metal recovers, the price could reach for the resistance of
On Friday, the USD/JPY managed to reach above the resistance of the 55, 100 and 200-hour simple moving averages. In the meantime, a channel up pattern was spotted on Monday. The pattern could continue to guide the rate up in the medium term future. On Monday morning, the rate was located at the support of the 200-hour simple moving average near
On Monday morning, the GBP/USD reached the June low level zone at 1.4075/1.4085. The near term future was dependent on what would happen at this level. In the case of the rate passing the support zone of the June low levels, the rate would most likely immediately find support in the weekly S1 simple pivot point at 1.4062. Afterwards, an extension
On Monday morning, the EUR/USD started the week's trading by fluctuating near the 1.2100 mark. Note that the Friday's drop passed the support of the June low level and reached below the 1.2100 level. Due to that reason, an extension of the decline is possible. In the near term future, the rate could trade sideways until it reaches the resistance