At the start of Monday's trading, the EUR/USD started a surge, which by the middle of the day had almost reached the 1.2050 mark. The surge started in the aftermath of the rate finding support in the zone below the 1.1950 mark. In the case of the surge continuing, the pair could find resistance in the weekly R2 simple pivot
The US Dollar has declined by 80 pips or 0.63% against the Canadian Dollar since last Friday. The currency pair breached the support level at 1.2487 during the London session on Monday.
Upside risks dominated the GBP/JPY currency pair on Friday. As a result, the Great British Pound surged by 110 pips or 0.74% against the Japanese Yen during Friday's trading session.
The Australian Dollar has declined by 45 pips or 0.58% against the US Dollar since Friday's trading session.
The Eurozone single currency has declined by 82 pips or 0.63% against the Japanese Yen since Friday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern during the Asian session on Monday.
The yellow metal's price has reached above the March high level zone that was located above the 1,755.00 level. On Friday, the price found support in the 1,760.00 level. Due to that reason the zone was extended and remains on the chart, as it is expected that it would provide support. In the meantime, the metal had faced and bounced off
The decline of the USD/JPY almost reached the 106.60 level, before recovering. During the early hours of Friday's trading, the pair was aiming at the resistance of the 109.00 level. At the 109.00 level, a resistance zone starts. The zone previously provided support at the start of April and afterwards provided resistance during this week. In addition, note that the 100-hour
The USD/CAD currency pair bounced off a support level at 1.2487 during Thursday's trading session. As a result, the US Dollar surged by 75 pips or 0.60% against the Canadian Dollar on Thursday.
After many attempts to pass the 1.3800 level and the zone above it, the GBP/USD currency exchange rate eventually declined. During the early hours of Friday's trading hours, the rate had reached the support of the zone near the 1.3720 mark. This zone had provided minor impact throughout April. If the zone continues to provide support, the rate could either trade
Instead of surging to the 1.2000 level the EUR/USD declined to the support of the 55-hour simple moving average. Moreover, at the start of Friday's GMT trading hours, the rate passed the support of the SMA. During the early hours of the day, the rate traded below the combined resistance of the 55-hour SMA and the weekly R1 simple pivot
The British Pound traded with low volatility against the Japanese Yen on Thursday. The GBP/JPY currency pair declined by 46 pips or 0.31% during yesterday's trading session.
The Australian Dollar surged by 50 pips or 0.66% against the US Dollar on Thursday, The currency pair breached the weekly resistance level at 0.7755 during Thursday's trading session.
The common European currency fell by 46 pips or 0.35% against the Japanese Yen on Thursday. The currency pair tested the 130.03 level during Thursday's trading session.
The yellow metal found support in the 1,735.00 level and surged. At mid-day on Thursday, the commodity price was testing the resistance zone, which was located just below the 1,750.00 mark. Note that this is the second attempt being made during this week's trading. In general, the future forecasts still remain upon whether or not the resistance zone holds. In the case
On Thursday, the USD/JPY currency exchange rate passed the support of the 108.80 level. It occurred, as the 55-hour simple moving average approached the rate from above. In the near term future, the rate was expected to decline. A potential decline could find support in the 108.50 level, the 50.00% Fibonacci retracement level at 108.35 and afterwards in the weekly S2
Since Wednesday's early trading hours, the GBP/USD has fluctuated between the 1.3800 mark and the 55-hour simple moving average, which had been pushing the rate up. The situation was expected to end with a squeeze in between the two mentioned levels. In the case of the 55-hour simple moving average pushing the rate through the resistance of the 1.3800 mark, the
The EUR/USD has passed the resistance of the weekly R1 simple pivot point at 1.1974. However, by the middle of European trading hours, the rate had not reached the 1.2000 level. In the near term future, the rate was expected to reach the 1.2000 mark and test its resistance. If the pair passes the 1.2000 mark, the pair could reach for
The US Dollar has declined by 90 pips or 0.71% against the Canadian Dollar since yesterday's trading session. The currency pair breached a support level at 1.2520 on Thursday morning.
The GBP/JPY currency pair has continued to trade sideways since April 8. The British Pound surged by 72 pips or 0.48% against the Japanese Yen during Wednesday's trading session.
The Australian Dollar surged by 101 pips or 1.32% against the US Dollar on Wednesday. The currency pair breached a three-week resistance level at 0.7666 during yesterday's trading session.
The single European currency surged by 50 pips or 0.38% against the Japanese Yen on Wednesday. The currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.
The sharp surge of the yellow metal's price ended just before the metal reached the 1,750.00 level. Since the middle of Tuesday's trading, the price was trading sideways between the 100-hour simple moving average and the 1,750.00 level. In the case of the metal passing the resistance of the 1,750.00 level, the pair could test the March high levels above the
The USD/JPY passed the support of the previous April low levels on Tuesday. Moreover, the currency exchange rate passed the support of the weekly S1 simple pivot point at 108.87. The decline ended with the rate finding support in 108.80. By the middle of Wednesday's trading, the rate had reached the resistance of the previous April low levels. If the resistance
The GBP/USD currency exchange rate broke the resistance of the weekly simple pivot point, the 200-hour simple moving average and the resistance zone of the recent April high levels. It resulted in the rate testing the resistance of the 1.3800 mark. On Wednesday, the rate had bounced off the 1.3800 level and was heading to the support of the 55 and