The Friday's Jackson Hole central banker meeting has added more force to the ongoing decline of the price for gold. On Monday morning, as the markets opened, the price reached the 1,720.00 level, which appeared to be acting as support. A passing below 1,720.00 might look for support in the 1,710.00/1,715.00 zone. The zone captures the late July low levels. Further
The speech of the Chairman of the US Federal Reserve Jerome Powell on Friday initially caused a drop of the USD/JPY rate, before a broad surge of the USD started. On the USD/JPY charts the initial drop reached the 200-hour simple moving average near 136.20. By the middle of Monday's European trading hours, the pair had surged to the 139.00
In the aftermath of the Jackson Hole symposium of central bankers, the GBP/USD currency pair declined. On Monday morning, the rate had reached the 1.1650 level, which acted as support. An extension of the decline of the Pound against the US Dollar might look for support in the weekly S2 simple pivot point at 1.1601 and the 1.1600 mark. Further
The Friday's central banker meeting in Jackson Hole impacted the EUR/USD currency pair in the form of a spike up, which almost touched the 1.0100 level. However, the move was followed by a decline. By the middle of Monday's trading, the pair had reached the 0.9900/0.9915 support zone. If the pair declines below 0.9900, the weekly S1 simple pivot point
The USD/CAD started a decline on Wednesday afternoon, as US PMI data was released. The release of the fundamental data was enough to cause a decline, which broke the ascending pattern and reached below the 200-hour simple moving average and the weekly simple pivot point at 1.2919. By the middle of Thursday's European trading hours, the pair had found support
During the late trading hours of Wednesday, the GBP/JPY currency pair passed the resistance of the upper trend line of a channel up pattern and the 50-hour simple moving average. On Thursday morning, the pair reached above the 100 and 200-hour simple moving average and the weekly simple pivot point at 161.85. However, resistance was found in the 162.00 mark. In
During the early hours of Thursday's trading, the AUD/USD currency pair managed to breach the resistance of the 0.6960/0.6970 zone. By the middle of the day, the pair was testing the previous resistance as support. An extension of the Australian Dollar's surge against the USD might encounter resistance in the 0.7000 level, before the pair reaches the weekly R1 simple pivot
The EUR/JPY currency exchange rate has been observed to be highly volatile in the 135.50/137.00 range. Namely, the pair has been trading between these levels throughout this week. Meanwhile, the 50 and 200-hour simple moving averages have approached the pair from above. Both of the SMAs appear to be capable of impacting the pair in the short term. On Thursday,
The price for gold passed the 1,745.00/1,755.00 zone at midnight to Thursday GMT hours. During the European morning hours, the price extended its recovery and reached the 1,765.00 level. In general, the move was attributed to a broad weakness of the US Dollar. If the price extends its recovery, the 1,800.00/1,807.75 zone could once again be reached and tested. However, take
During the second part of Wednesday's trading, the USD/JPY failed to reach the 137.45/137.70 range, as it bounced off the 137.20 level and started a decline. On Thursday morning, the pair was located near the 136.50 level. In general, the situation remains unchanged, as the markets expect news from the central banker symposium in Jackson Hole Wyoming. If the US Dollar
The GBP/USD pair has revealed a support zone at 1.1717/1.1756. The zone captures this week's low levels. In the meantime, on Thursday morning, the rate reached above the resistance of the 100-hour simple moving average and the 1.1850 level. A continuation of the Pound's recovery against the US Dollar might encounter resistance in the 1.1900 mark, the weekly simple pivot point
On Thursday morning, the EUR/USD rate reached above the resistance zone of 0.9990/1.0020. In general, the markets were experiencing a broad decline of the US Dollar, which was attributed to the incoming central bank meeting in Jackson Hole, Wyoming. An extension of the Euro's recovery, compared to the US Dollar might encounter resistance in the 1.0050 mark, the 200-hour
On August 24, the USD/CAD rate recovered from the 1.2950 level up to 1.3000. In the meantime, the pair did not touch the support line of the channel up pattern, which has been guiding the pair since August 10. In the case of the pair moving higher, the rate would have to pass the resistance of the 50-hour simple moving average
The GBP/JPY currency exchange rate appears to be declining in a channel down pattern since the middle of August. Most recently, the pair bounced off the resistance of the weekly simple pivot point and the 50, 100 and 200-hour simple moving averages in the 161.50/162.00 range. If the pair continues to decline, it is set to look for support in the
The AUD/USD currency pair has been trading sideways in a range between support at 0.6855/0.6860 and resistance at 0.6960/0.6970. In the meantime, it has been observed that minor support and resistance is being provided from time to time by the 50 and 100-hour simple moving averages near 0.6900. In the case of the Australian Dollar declining and reaching below the 0.6855/0.6860
On August 24, the EUR/JPY currency pair reached the 135.50 mark, as it passed below the support of the weekly S1 simple pivot point at 135.67. The pair has been declining since bouncing off the 138.00 mark on August 22. If the Euro continues to lose value against the Yen, the pair might look for support in the late August
By once again finding support in the 1,730.00 level, the price for gold has managed to break the resistance of the 50-hour simple moving average. It resulted in a surge into the 1,745.00/1,755.00 zone. During the morning hours of Wednesday, the price appeared to be heading to the 1,755.00 level. A move above 1,755.00 level could result in a surge to
The fundamental drop of the US Dollar on Tuesday resulted in the USD/JPY currency exchange rate declining to the 136.00 level. Afterwards, a failed recovery found resistance in the 137.00 mark. During Wednesday's European morning hours, the currency pair had returned to the 136.00 level. If the US Dollar continues to decline against the Japanese Yen, the currency pair might look
At mid-day on Tuesday, weakness of the US Dollar caused a surge of the GBP/USD currency exchange rate. The rate shortly traded above the 1.1850 mark, before declining. On Wednesday morning, the pair found support in the 50-hour simple moving average and the 1.1800 mark. In regards to the near term future, a decline of the pair below 1.1800 could
On Tuesday, the Euro suddenly sharply recovered against the US Dollar and even reached above parity. However, the rate bounced off the 1.0020 level and resumed its decline. On Wednesday morning, the pair was fluctuating near the 0.9950 level. In the meantime, the 50-hour simple moving average had caught up with the rate and was acting as resistance. In the
The price for gold has found support in the 1,730.00 level and recovered. By the middle of Tuesday's European trading hours, the price had reached the resistance of the 50-hour simple moving average near 1,742.50. A continuation of the recovery of the commodity price is expected to encounter resistance in the 1,745.00/1,755.00 range, which has acted as resistance and support throughout
The USD/JPY currency exchange rate has ended trading around the 137.00 mark by surging above the 137.50 level. In the meantime, on Tuesday morning, the pair was reached from below by the support of the 50-hour simple moving average. A resumption of the US Dollar's surge against the Japanese Yen could encounter resistance in the 138.00 level and the combination of
The GBP/USD has passed the July low level at 1.1760 and the 1.1750 mark. On Tuesday morning, the pair reached the 1.1720 level. Meanwhile, the rate was being approached by the 50-hour simple moving average from the above. In the case of an extension of the ongoing decline, the Pound could look for support in the 1.1700 mark and the weekly
The decline of the EURUSD pair has clearly passed below the 0.9950 mark. On Tuesday morning, the EUR/USD was trading between the support of the 0.9900 mark and the 0.9950 level as resistance. A move below the 0.9900 mark is expected to look for support in the weekly S2 simple pivot point at 0.9874. Further below, note the 0.9850 and