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.
A narrow ascending channel pattern continued to guide the US Dollar higher against the Canadian Dollar. The currency pair appreciated by about 100 base points during yesterday's trading session.
A one-week descending channel pattern has guided the Australian Dollar lower against the US Dollar. The currency pair depreciated by about 70 base points during Wednesday's trading session.
During Wednesday's trading session, the yellow metal was trading between the 55-hour simple moving average to end the trading day at 1,285.00.
During Wednesday's trading session, the 100-hour simple moving average resisted the rate to 111.50. On Thursday morning, the currency exchange rate appreciated towards the 55-hour simple moving average to be located at the 111.70 marks.
A junior descending channel pattern has guided the common European currency lower against the Japanese Yen. The currency pair reached a two-week low during yesterday's trading session.
During Wednesday's trading session, the rate traded sideways between the 55-hour and the 100-hour simple moving averages to end the trading session at 1.3150. On Thursday morning, the currency exchange rate was located above the 50.00% Fibo at the 1.3165 mark.
During Wednesday's trading session, the 55-hour simple moving average retraced the rate to 1.2800. On Thursday morning, the currency exchange rate broke the resistance of the 55-hour simple moving average to stay at the 1.1308 mark.
On Tuesday, the yellow metal traded sideways to stay in the range of the 23.60% Fibo and the monthly S2. During Wednesday's morning hours, gold was resisted by the 23.60% Fibonacci retracement level to trade at the 1,286.31 mark.
On Tuesday, the currency exchange rate passed the support of the 55-hour simple moving average to end the trading session at 111.60. During Wednesday's morning hours, the 100-hour simple moving average supported the rate to push it to the 111.86 mark.
On Tuesday, the rate traded sideways to end the trading session at the 1.3140 level as it was expected! During Wednesday's morning hours, the currency exchange rate kept trading sideways to be located at the 1.3144 mark.
During Tuesday's trading session, the rate broke the freshly drawn pattern line at 1.1320 to fall to the 1.1280 level. On Wednesday morning, the currency exchange rate was trading sideways to stay at the 1.1302 mark.
A junior descending channel pattern has guided the New Zealand Dollar towards a three-week low against the US Dollar. The currency pair breached the weekly S1 at 0.6765 during the Asian trading session on Wednesday.
The US Dollar has been trading in a narrow ascending channel pattern against the Canadian Dollar since March 1. The narrow ascending channel has guided the currency pair towards January 24 high at 1.3360.
The Australian Dollar traded sideways against the US Dollar on Tuesday. However, the situation changes during the Asian trading session on Wednesday, as bears drove the currency pair closer to the bottom border of a junior descending channel pattern at 0.7034.
The common European currency depreciated about 0.61% in values against the Japanese Yen on Tuesday. The currency pair breached the lower boundary of an ascending channel pattern during Tuesday's trading session.