During Tuesday's trading session, the 55-hour simple moving average supported the currency exchange rate to keep the rate to stay at 111.20. On Wednesday morning, the rate broke the resistance of the 100-hour SMA to trade at the 111.32 mark.
During Tuesday's trading session, the currency exchange rate had high volatility due to the United Kingdom Parliament's meeting on Brexit deal. On Wednesday morning, the rate was supported by the monthly PP to trade at the 1.3140 mark.
During Tuesday's trading session, the European Single Currency surged to the 1.1300 level by the help of the weekly PP support level at 1.1265. On Wednesday morning, the rate was trading above the 200-hour simple moving average at the 1.1291 mark.
The New Zealand Dollar appreciated about 49 base points against the US Dollar on Monday. The currency pair revealed a new junior ascending channel pattern during the end of yesterday's trading session.
During Monday's trading session, the support level of the 23.60% Fibo at 1,292.00 helped the yellow metal to end the trading session at the 1,290.00 level. During Tuesday's morning hours, the 55-hour simple moving average supported gold to break through the resistance level of the 200-hour SMA to be located at the 1,296.200 mark.
During Monday's trading session, the currency exchange rate broke through the resistance of the 55-hour simple moving average to stay at the 111.00 level as it was predicted! On Tuesday morning, the rate was resisted by the 100-hour SMA to be located at the 111.37 mark.
The US Dollar depreciated about 51 base points against the Canadian Dollar on Monday. The currency pair was pressure by the combination of the 50– and 100-hour SMAs during the previous session.
During the previous trading session, the British Pound skyrocketed to 1.3250 breaking most of the technical indicators. On Tuesday morning, the currency exchange rate was depreciating towards the previously drawn pattern line to be located at the 1.3147 mark.
During yesterday's trading session, the European Single Currency appreciated against the US Dollar to trade at 1.1200 level as it was expected! On Tuesday morning, the rate was located between the 100-hour and the 200-hour simple moving averages at the 1.1272 mark.
Upside risks prevailed in the market on Monday, thus sending the Australian Dollar to surged about 0.75% in values against the US Dollar. The currency pair breached some significant resistance levels during yesterday's session.
The single European currency appreciated about 100 base points against the Japanese Yen on Monday. The currency pair breached both the 50– and 100-hour SMAs during yesterday's trading session.
The New Zealand Dollar appreciated about 56 base points against the US Dollar on Friday. The surge was stopped by a resistance level formed by the 200-hour simple moving average at 0.6810.
The US Dollar depreciated about 71 base points against the Canadian Dollar on Friday. The decline was due to the US macroeconomic data report, which shows that the US labour market added only 20,000 jobs in February.
The Australian Dollar appreciated about 50 base points against the US Dollar on Friday. The currency pair tested the 50-hour simple moving average at 0.7042 during Friday's trading session.
The common European currency depreciated about 1.65% in values against the Japanese Yen since March 7. The currency pair tested the lower boundary of a descending channel pattern at 124.30 during Friday's trading session.
During Friday's trading session, the 23.60% Fibonacci retracement level helped the yellow metal to break the resistance of the monthly S1 to end the trading session at the 1,296.81 mark. Note, the chart was fully reviewed to make some corrections to the chart!
During Friday's trading session, the currency exchange rate passed through the support level of the 200-hour simple moving average to fall to 111.00. On Monday morning, the rate was trading at the 111.21 mark. Note, the chart was fully reviewed to make some corrections to the chart!
During Friday's trading session, the British Pound depreciated to the 1.2950 level. On Monday morning, the European Single Currency was located at the 1.2999 mark.
During Friday's trading session, the European Single Currency broke through the resistance level of the 61.80% Fibo to end the trading session at the 1.1223 mark. On Monday morning, the rate broke the 55-hour simple moving average to trade at the 1.1247 mark.
During Thursday's trading day, the yellow metal followed the previously drawn pattern to end the trading session at the 1,286.21 mark. During Friday's midnight hours, gold appreciated against the US Dollar breaking the resistance levels most of the technical indicators to be located at the 1,294.62 mark.
During Thursday's trading session, the currency exchange pair depreciated to the 111.40 level passing the small pattern line at 111.60. On Friday morning, the rate fell, even more, passing the support level of the 200-hour SMA to the 111.01 mark.
During Thursday's trading session, the 55-hour simple moving average retraced the currency exchange rate to pass through the support of the monthly pivot point towards the 1.3050 level. On Friday morning, the rate was located at the 1.3100 mark.
During Draghi's speech on asset purchase program, the European Single Currency depreciated by the 144 pips or 1.27%. The reason for such a sharp depreciation of the European Single Currency was the announcement that the purchase program would not be stopped. The ECB will continue buying government bonds.
The New Zealand Dollar depreciated about 49 base points against the US Dollar on Wednesday. The decline was stopped after the exchange rate pierced the weekly S1 at 0.6765.