On Thursday morning, the EUR/JPY currency exchange rate plummeted. The pair passed the support of the weekly S1 and S2 levels at 135.80 and 135.00 and the support zone at 134.80/135.00. Afterwards, the rate found support in the April low level zone at 134.28/134.43. If the rate reaches below the April low level zone, the rate is expected to look
Already prior to the US Consumer Price Index release on Wednesday at 12:30 GMT, the price for hold broke the descending channel pattern by surging and passing the pattern's upper trend line. Afterwards, the price was testing the resistance of the 1,850.60/1,854.50 zone. During the CPI release, the price plummeted, before recovering and shortly trading above 1,854.50. If the price for
On Wednesday, the United States Labour Statistics Bureau released the monthly US Consumer Price Index and Core Consumer Price Index data for April. The markets expected the data for clues in regards to the effectiveness of the first US Federal Reserve Rate hike done on March 15. At 12:30 GMT, the CPI and Core CPI came in at 0.3% and
At mid-day on Wednesday, the US Consumer Price Index caused a drop of the GBP/USD, which shortly reached below the 1.2300 mark. However, the rate almost immediately recovered to trade back near the 1.2350 level. If the pair clearly declines below 1.2300 the pair could find support in the 2020 July low level at 1.2260. Further below, support is highly likely
On Wednesday, the United States Labour Statistics Bureau released the monthly US Consumer Price Index and Core Consumer Price Index data for April. The markets expected the data for clues in regards to the effectiveness of the first US Federal Reserve Rate hike done on March 15. At 12:30 GMT, the CPI and Core CPI came in at 0.3%
The 1.3050 level acted as resistance on Tuesday to the USD/CAD currency pair. The resistance was enough to force the rate into sideways trading. On Wednesday morning, the rate passed below the lower trend line of the channel up pattern, the 50-hour simple moving average and the 1.3000 mark. A continuation of the decline of the US Dollar against the Loonie
Since early Tuesday's trading hours, the GBP/JPY has been trading between the support zone at 160.08/160.43 and the resistance of the 50-hour simple moving average near 160.80. A move below the support zone could almost immediately find support in the 160.00 mark. Further below, take into account the weekly S1 simple pivot point at 159.58, the 159.50 and 159.00 levels. Meanwhile,
Prior to the release of the US Consumer Price Index on Wednesday at 12:30 GMT, the AUD/USD currency pair traded sideways. The sideways trading took place from the start of Tuesday up to the middle of Wednesday's trading. Support was being provided by the 0.6910/0.6920 zone and resistance was located at 0.6980/0.6990. If the currency pair passes above the resistance zone
On Wednesday morning, the EUR/JPY currency exchange rate ascended to the 137.50 mark and bounced off it to retreat to the support of the 137.05/137.12 zone. If the pair declines below the 137.05/137.12 zone, the rate could look for support in the weekly S1 simple pivot point at 136.72, before reaching the 136.50/136.60 zone. Meanwhile, take into account that the
As forecast on Monday, the price for gold has reached the support zone at 1,850.60/1,854.50. The support zone held and caused a retracement back up to the 1,865.00 level and the upper trend line of the descending channel pattern. If the price recovers and breaks the descending pattern, resistance could be encountered not only in round price levels, but also the
Despite reaching below the 130.00 mark, the USD/JPY did not decline during the first half of Tuesday's trading hours. The rate revealed a support zone at 129.78/129.86. Meanwhile, resistance was being provided by the 130.50/130.58 zone and the 50-hour simple moving average. The sideways trading could be explained with the markets expecting the upcoming US Consumer Price Index data on
Since the middle of Monday's trading, the GBP/USD currency pair has remained almost flat, as it trades in the 1.2300/1.2375 range. In the meantime, previous forecasts remained valid. If the rate declines below the 1.2300 mark, the pair could find support in the 2020 July low level at 1.2260. Further below, support is highly likely going to be provided by
Since the middle of Monday's trading hours, the EUR/USD currency exchange rate has been trading around the 1.0560 mark. Short term support is being found in the 1.0540 mark and resistance is provided by the 1.0580 level. Meanwhile, previous forecasts remained valid. If the pair declines, the 1.0500 is expected to act as support, before the last week's low level
The USD/CAD currency exchange rate has revealed a channel up pattern, which has guided it up since the Federal Reserve Rate hike on May 4th. Most recently, at midnight to Tuesday, the pair bounced off the upper trend line of the pattern and started to consolidate near the 1.3000 mark. In the near term future, the pair was expected to
This week, the GBP/JPY currency pair was finding resistance and bouncing off round exchange rate levels. Namely, the 161.50 and 162.00 levels were acting as resistance. In the meantime, support was being provided by the 160.08/160.43 zone. A move below the support zone could almost immediately encounter support in the 160.00 level. Further below, take into account the weekly S1
The decline of the AUD/USD has passed below the low level zone at 0.7030 and the 0.7000 mark. At midnight to Tuesday, the pair touched the 0.6915 level, which acted as support and caused a recovery. However, by the middle of the day's trading, the surge was stopped by the weekly S1 simple pivot point at 0.6978 and the 0.6980
This week, the EUR/JPY currency exchange rate managed to shortly reach above the 138.00 mark. However, the event was followed by a decline. Since the middle of Monday's trading hours, the rate has been finding support in a support zone at 137.05/137.12. If the pair declines below the 137.05/137.12 zone, the rate could look for support in the weekly S1
On Friday, gold bounced off the 1,890.00 mark and started a decline. During the second part of Monday's trading, the price had already reached below the 1,860.00 level. In the near term future, a continuation of the decline could look for support in the May low level zone at 1,850.60/1,854.50. If the price for gold declines below the 1,850.00 mark, the
On Monday morning, the USD Dollar surged against the Yen above the high level zone at 131.00/131.25 and shortly touched the weekly R1 simple pivot point at 131.33. However, almost immediately after the event, the pair sharply declined. By 16:00 GMT, the currency pair had almost reached the combined support of the 130.00 level, the weekly simple pivot point at
Despite shortly reaching below the support zone of 1.2277/1.2325, the rate did not decline, as on Monday morning a recovery started. During the second half of the day's trading, the currency pair was fluctuating between the support of the 1.2300 mark and resistance at 1.2400. If the rate declines below the 1.2300 mark, the pair could find support in the early
The resistance of the 1.0600 level was enough to cause a decline of the pair to the 1.0500 mark, which acted as support. During the second part of the day's European trading hours, the Euro traded near the 1.0550 level against the US Dollar. If the pair declines, the 1.0500 is expected to act as support, before the last week's
The resistance of the 1,910.00 mark was enough to force the yellow metal's price into a decline, which shortly pierced the 1,870.00 level, before starting a recovery. However, by late Friday's trading hours, the price did not manage to reach not only above the 1,900.00 mark, but also the 1,895.00 level. If the price eventually manages to approach and pass above
On Friday, the USD/JPY currency exchange rate returned to trading to levels, where the pair was located before the volatility, which was caused by the Federal Reserve rate hike and following press conference. During the day, the rate had encountered resistance in the 130.70 and 130.80. Meanwhile, support was provided by the previous resistance zone at 130.20/130.50. If the pair continues
In the aftermath of the Bank of England rate hike, the GBP/USD rate found support in the 1.2277/1.2325 zone. Namely, the 1.2300 level appears to be acting as psychological support. Meanwhile, resistance is found in the weekly S1 simple pivot point at 1.2372 and 1.2380. A move below the 1.2277 level could result in the pair looking for support in the