During Tuesday's afternoon, the EUR/USD broke the resistance cluster near the 1.1940 level. By the middle of Wednesday's trading hours, the currency exchange rate had reached the resistance of the weekly R1 simple pivot point at 1.1974. If the rate manages to pass the resistance of the weekly R1 simple pivot point at 1.1974, the EUR/USD would aim first for
During the first half of Tuesday's trading session, the US Dollar surged by 64 pips or 0.51% against the Canadian Dollar. Though, the currency pair erased the earlier gains at the end of the day.
The Great British Pound declined by 92 pips or 0.61% against the Japanese Yen on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The Australian Dollar surged by 60 pips or 0.79% against the US Dollar on Tuesday. A breakout occurred through the upper line of a descending channel pattern during the morning hours of Wednesday.
The EUR/JPY currency pair bounced off a support level formed by the weekly S1 at 129.81 on Tuesday. As a result, the Euro surged by 53 pips or 0.41% against the Yen during yesterday's trading session.
On Tuesday, the yellow metal's price bounced off the support zone of the 1,720.00/1,725.00 levels. As soon as the price managed to pass the short term resistance of the 200-hour simple moving average, the price sharply surged. The surge was expected to possibly stop at the 1,745.00 level, which had previously provided both resistance and support. If the price passes the 1,745.00
On Tuesday, the USD/JPY continued to fluctuate near the 109.50 level. However, the rate traded in a wide range and ignored the 55 and 100-hour simple moving averages. Namely, these indicators could not be used for guidance. In the meantime, the 109.14 level provided the rate with support. Together with the 109.00 level the 109.14 mark make up a newly marked
Since the middle of Monday's trading, the GBP/USD has been fluctuating sideways between the support of the zone near 1.3720 and the 55-hour simple moving average and the resistance of the weekly simple pivot point at 1.3766 and the April 8 and 12 high levels. If the pair manages to break resistance levels and surge higher, it would immediately face the
By the middle of Tuesday's trading hours, the EUR/USD had remained near the 1.1900 level. The rate has been trading between the 1.1920 level and the support zone at 1.1890/1.1870 since Friday. If the rate passes the 1.1920 level, it would most likely test the resistance of the 1.1940 level, where the March 22 high level is providing resistance. In
The US Dollar surged by 38 pips or 0.31% against the Canadian Dollar on Monday. The currency pair breached the 50– and 200– hour SMAs during the London session on Tuesday.
The British Pound surged by 75 pips or 0.50% against the Japanese Yen on Monday. However, the currency pair languished below a resistance level at 150.72 during yesterday's trading session.
The Australian Dollar surged by 32 pips or 0.42% against the US Dollar on Monday. The surge was stopped by a resistance cluster at the 0.7630 area during Monday's trading session.
The Eurozone single currency declined by 64 pips or 0.49% against the Japanese Yen on Monday. The exchange rate breached the 50– and 200– hour SMAs during yesterday's trading session.
The price for gold started the week by trading below the resistance of the 55 and 100-hour simple moving averages and the 1,745.50/1,747.50 zone. If the mentioned resistance levels force the price into a decline, the commodity price could look for support in the 1,735.00 and 1,730.00 levels. Afterwards, the support of the 200-hour simple moving average near 1,725.00 might keep
The recovery of the USD/JPY encountered resistance just below the 110.00 mark. The resistance zone below the 110.00 level kept the rate down during the previous week. On Monday, the currency exchange rate declined and reached the support of the previously passed zone above the 109.20 level. In the case of the rate passing the 109.20 level, the pair could once
On Monday morning, the GBP/USD once again found support in the March and April low levels at 1.3670. It resulted in a surge, which passed the resistance of the 55-hour simple moving average and the resistance zone above the 1.3720 level. In the near term future, the rate was expected to test the combined resistance of the weekly simple pivot point
The EUR/USD started the week by once again confirming the support of the 1.1890/1.1870 zone. It was followed up by another surge, which could test the resistance of the March 22 high levels near 1.1940. In the case of the 1.1940 level failing, the currency exchange rate would most likely extend its surge and reach for the 1.2000 level. On
The US Dollar declined by 82 pips or 0.65% against the Canadian Dollar on Friday. The currency pair tested the lower boundary of a descending channel pattern during Friday's trading session.
The GBP/JPY currency pair bounced off a support level at 149.65 on Friday. As a result, the British Pound surged by 128 pips or 0.85% against the Japanese Yen during Friday's trading session.
The Australian Dollar declined by 63 pips or 0.83% against the US Dollar on Friday. The currency pair tested the lower boundary of an ascending channel pattern during Friday's trading session.
The common European currency surged by 46 pips or 0.36% against the Japanese Yen on Friday. The currency pair tested the 130.60 level during the Asian session on Monday.
The US Dollar declined by 67 pips or 0.53% against the Canadian Dollar on Thursday. The currency pair breached the 50– and 200– hour simple moving averages during yesterday's trading session.
During the late hours of Thursday's trading, the price for gold reached above the 1,755.00 level, which is the high level of March. However, a follow up surge did not occur. Instead, the commodity price declined after sideways trading in the 1,755.00 and 1,759.00 zone. Due to that reason this zone is now marked on the chart as a potential
The Pound Sterling has continued to edge lower against the Japanese Yen since this week's trading sessions. The currency pair declined by 105 pips or 0.70% during Thursday's trading session.