The EUR/JPY currency exchange rate has continued to sharply surge. On Monday morning, the currency pair broke the resistance of the 136.00 and 136.50 levels. A continuation of the surge might encounter resistance first in one of the March high levels at 136.84. Higher above, note the 137.00 level and the weekly R3 simple pivot point at 137.18. On the
On Thursday, the price for gold managed to break the combined resistance of the 50, 100 and 200-hour simple moving averages in the 1,925.00/1,928.00 range. Afterwards, the price made an attempt to approach the 1,940.00 mark, before retreating and confirming the combination of the three moving averages as support at 1,927.50. At mid-day on Friday, the price was highly volatile between
On Friday, the surge of the USD/JPY reached new high levels, as it gained support and reached above the 124.00 mark and the March 29 high level zone at 124.20/124.31. However, prior to the surge, the rate had initially bounced off the resistance zone and had to look for support in the trend line, which connects the March 31 and
On Friday, the GBP/USD passed below the support zone at 1.3050/1.3060 and the weekly S1 simple pivot point at 1.3043. At the time of writing at 13:00 GMT, the pair was heading to the 1.3000 mark. The 1.3000 level reversed the rate's decline in mid-March. If the pair finds support in the 1.3000 mark and recovers, a potential recovery might encounter
During the second half of Thursday's trading, the EUR/USD currency exchange rate eventually retreated below the support zone at 1.0875/1.0880. However, the event was not followed by a sharp decline. During the first half of Friday's trading, the currency pair was fluctuating between the support of the 1.0850 mark and resistance of the 50-hour simple moving average near 1.0890. If
The surge of the US Dollar against the Canadian Dollar reached above the 1.2600 mark at mid-day on Thursday. However, resistance was found at 1.2609/1.2612, which has been marked on the chart. Afterwards, the pair declined and support was found on the previous resistance zone at 1.2570/1.2577. If the US Dollar manages to resume its recovery against the Canadian Dollar, the
The only notable update on the GBP/JPY charts is the fact that the rate shortly traded above the resistance zone at 162.25/162.29. However, shortly afterwards, the pair declined to trade back between 161.43/161.52 and 162.25/162.29. Due to the piercing of the resistance zone, the scenario of a surge is more likely. If the rate surges above the 162.30 level, the 162.50
On Friday morning, the AUD/USD currency pair passed below the 0.7465/0.7475 zone. However, support was almost immediately found in the 0.7460 mark. A continuation of the decline would result in the pair looking for support in the weekly S1 simple pivot point at 0.7448 and the 0.7450 mark. Below the pivot point, note the early March high at 0.7440 and
On Thursday, the EUR/JPY pair passed above the resistance levels in the 134.75/135.50 range. Afterwards, the 135.50 mark acted as resistance and caused a decline, which reached and confirmed the 134.30/134.40 zone as support. At mid-day on Friday, the pair had found support in the 134.30/134.40 zone and approached the 135.00 level, which appeared to be acting as resistance.
Since the middle of Wednesday's trading, the price for gold was kept down by the resistance of the 200-hour simple moving average, which was gradually declining. In the meantime, previous forecasts remained unchanged. If the pair surges above the 200-hour simple moving average near 1,930.00, the price is expected to find resistance at each five dollar round level. Namely, 1,935.00, 1,940.00,
Since early Wednesday's trading, the USD/JPY currency exchange rate has been trading between the 123.50 and 124.00 levels. However, on Thursday, the 50-hour simple moving average has caught up with the rate and might push the USD/JPY up. If the pair declines below the 123.50 level and the 50-hour simple moving average near 123.70. Further below, the 123.00 mark and the
Since the middle of Tuesday's trading, the GBP/USD currency exchange rate remains in the range between the support zone at 1.3047/1.3057 and resistance at 1.3100/1.3109. Meanwhile, hourly simple moving averages were approaching from above. If the pair declines below 1.3050, the weekly S1 is slightly likely set to act as support at 1.3043. Further below, note the 1.3000 mark, which
Since the start of Wednesday's trading, the EUR/USD has been fluctuating between a resistance zone at 1.0940 and support near 1.0880. However, at mid-day on Thursday, the 1.0880 mark was pierced, as the rate shortly traded below it. Meanwhile, it was observed that the 50-hour simple moving average had caught up with the pair from above and was acting
The US Federal Reserve Meeting Minutes on Wednesday at 18:00 GMT boosted the recovery of the US Dollar against the Canadian currency. By the middle of Thursday's European trading hours, the rate had bounced off the 1.2570 mark and confirmed the 1.2540 level as support. In general, the surge was expected to continue. Next target for the surge would be
Since the start of Wednesday's trading hours, the GBP/JPY currency exchange rate has been trading around the 162.00 mark. The range of volatility has been marked, as resistance and support can be observed. Support is found at 161.43/161.52 and resistance is located at 162.25/162.29. If the rate surges above the 162.30 level, the 162.50 and 162.75 levels might act as resistance,
At the start of Thursday's trading hours, the AUD/USD currency exchange rate reached the late March low level zone, which kept the rate up from March 24 up to April 3. The zone is located at 0.7465/0.7475. If the currency pair declines below the support zone, the pair might look for support in the weekly S1 simple pivot point at 0.7448
On Wednesday, the resistance of the 135.50 mark held and the EUR/JPY pair declined. By the middle of Thursday's trading, the rate had passed the support of the 50-hour simple moving average, the 134.75 mark and was approaching the 134.50 level. If the rate continues to decline, it might encounter support in the April low level at 134.30/134.35. Further
Despite shortly breaking above 1,940.00 mark and touching the 1,945.00 level, the price for gold returned to trade in the previous range between the support zone at 1,916.70/1,921.65 and resistance at 1,940.00. However, during Wednesday's trading, the price was finding resistance in the 200-hour simple moving average above 1,930.00. If the pair surges above the 200-hour simple moving average near 1,930.00,
The resistance of the 123.00 mark was passed at mid-day on Tuesday. By the start of Wednesday's trading, the currency pair had reached the 124.00 level. Afterwards, the USD/JPY pair fluctuated between the support of the 123.50 level and the resistance at 124.00. If the pair declines below the 123.50 level, the rate might find support in the approaching 50-hour simple
At 18:00 GMT on Wednesday, the US Federal Reserve released its Meeting Minutes, which revealed additional details on the world's top central bank's policy. In general, the central bank intends to decrease its balance sheet by $95 billion per month and some officials of the central bank have argued for a 0.50% or 1.00% percent rate hike. The release caused a
On Wednesday, as the US Federal Reserve Meeting Minutes were released at 18:00 GMT, the US Dollar strengthened. In general, the central bank intends to decrease its balance sheet by $95 billion per month and some officials of the central bank have argued for a 0.50% or 1.00% percent rate hike. However, the pair was already declining before, as
The USD/CAD passed previous March low level and hit the 1.2404 level, before recovering. It appeared that there were enough buy orders just above the 1.2400 mark to cause the recovery. In the aftermath of the touching of the low level, the pair sharply recovered until the pair encountered resistance at 1.2500/1.2510 at mid-day on Wednesday. Meanwhile, support appeared to be
At mid-day on Wednesday, the GBP/JPY currency pair reached above the 162.00 mark and shortly used the round exchange rate level as support. If the Pound continues to gain value, compared to the Japanese Yen, the currency pair might encounter resistance in round exchange rate levels as the 162.50, 163.00 and 163.50. Meanwhile, note that the 162.75 level acted as
The surge of the AUD/USD pair, which was caused by the Reserve Bank of Australia, stopped at the 0.7662 level. Afterwards, a decline followed. By the middle of Wednesday's trading, the decline had passed below the weekly R2 simple pivot point at 0.7579 and the 50-hour simple moving average. If the Australian Dollar continues to decline in value against the