During early Tuesday's trading hours, the EUR/JPY currency exchange rate found support in the 134.30 mark. Afterwards, a surge occurred and found resistance in the 135.15/135.30 zone. However, on Wednesday, at 12:00 GMT, the zone was passed, as the rate approached the 135.50 mark and the trend line, which connects the last week's high levels. If the rate reaches above
Since the middle of Monday's trading, the price for gold has been fluctuating around the 1,930.00 mark. In addition, the metal appears to be ignoring the 50, 100 and 200-hour simple moving averages. In general, Monday's forecasts remain actual. If the price for gold surges above the 1,935.00 level, the commodity price could encounter resistance at 1,940.00 and 1,950.00 levels. In
The USD/JPY currency pair has continued to fluctuate almost sideways between the support of the 50, 100 and 200-hour simple moving averages and the 122.50 mark and the resistance of the 123.00 level. If the rate breaks the resistance of the 123.00 mark and the weekly simple pivot point at 123.01, there would be no resistance as high as the
Despite piercing the support of the 1.3100 mark, the GBP/USD did not decline to the support of zone of the last week's low levels at 1.3052/1.3071. Instead, starting from GMT midnight hours to Tuesday, the rate started a surge. By the middle of the day's trading, the rate had broken the resistance of the weekly simple pivot point, the 50,
During the second half of Monday's European trading hours, the EUR/USD broke the channel up pattern, which had guided the rate up throughout March. Moreover, on Tuesday, the lower trend line of the broken channel was confirmed as resistance. In the meantime the breaking of the pattern did not result in a sharp decline, as support was immediately found
On Monday, the USD/CAD confirmed the combination of the 50-hour simple moving average and the 1.2500 mark as resistance. Afterwards, a decline followed. By 08:00 GMT, the currency pair had reached below one of the March low levels at 1.2467. Next targets for the decline were the previous 2022 low level at 1.2450, the weekly S1 simple pivot point at
During the early part of Tuesday's trading hours, the GBP/JPY currency exchange rate initially passed below the support of the 50 and 200-hour simple moving averages and the recent low level trend line. The SMAs had kept the pair up throughout Monday. However, the event was not followed by a sharp decline, as the pair started to recover almost immediately.
On April 5, the Reserve Bank of Australia published its Rate Statement. The central bank kept the Australian base interest rate at 0.10%. Meanwhile, the central bank revealed that due to the ongoing surge in commodity prices, the Australian economy is doing very good. Moreover, inflation remains near normal levels, which indicates that there is no urgent need for monetary tightening. The
On Monday, the EUR/JPY currency pair passed below the support zone at 135.15/135.30. Afterwards, the rate found short term support in the 135.00 and 134.50 level. On Tuesday morning, the rate extended its decline by reaching below the 134.50 mark. If the currency exchange rate continues to decline, support might be found in the combination of the 134.00 mark,
On Monday morning, the price for gold shortly traded below the 1,920.00 mark, before staring a sudden recovery. Namely, by the middle of the day's trading hours, the price for gold surged and reached the 1,935.00 level. Meanwhile, the commodity mostly ignored the support and resistance of the 50, 100 and 200-hour simple moving averages. If the price for gold surges
At mid-day on Friday, the USD/JPY currency pair reached the 123.00 mark, as it was forecast. The 123.00 level acted as resistance and caused a decline, found support in the 100-hour simple moving average. Up to the middle of Monday's trading, the currency exchange rate was trading between the 100-hour simple moving average and the 123.00 mark. In the meantime, the
At mid-day on Monday, the GBP/USD currency exchange rate once again reached below the 1.3100 level. In the meantime, it appeared that the pair was ignoring the support and resistance of the weekly simple pivot point at 1.3113 and the 50 and 100-hour simple moving averages at 1.3125. In the near term future, a potential decline of the Pound against the
The decline of the Euro against the US Dollar has continued, as on Monday morning the rate reached the 1.1000 mark. The decline occurred, as the pair bounced off the resistance of the 1.1050 level. If the EUR/USD currency pair reaches new low levels, it might look for support near 1.0985 in the trend line, which connects the March low
On Friday, as the USD/CAD rate pierced the 1.2530/1.2535 zone, a surge was expected. However, the pair bounced off the 1.2540 mark and started a decline. By the middle of Monday's European trading hours, the decline had passed below the 50 and 200-hour simple moving averages, the weekly simple pivot point at 1.2517 and the trend line, which connects the
Since the early hours of Friday's trading, the GBP/JPY currency exchange rate was testing the resistance of the 161.15/161.28 zone. Meanwhile, support was provided by the 200 and 50-hour simple moving averages near 160.50 and 160.75. A potential decline of the pair would have to pass the support of the 200-hour simple moving average near 160.75. Below the 200-hour SMA,
It was spotted on Monday morning that the AUD/USD currency pair's most recent recovery has revealed a channel up pattern, which has guided the rate since March 31. In the meantime, the pair managed to pass the resistance of the 50 and 200-hour simple moving averages and the weekly simple pivot point near the 0.7500 mark. If the Australian Dollar continues
Since Friday morning, the EUR/JPY currency pair traded sideways between the support at 135.15/135.30 and resistance at 135.75/135.90. On Monday morning, the rate encountered additional resistance in the form of the weekly simple pivot point at 135.69. After the encounter, the rate declined and shortly pierced the support zone at 135.15/135.30 at 08:00 GMT. If the rate declines, the rate
The price for gold barely touched the 1,950.00 mark on Thursday, as a decline started. By the middle of Friday's trading, the price had passed the 50, 100 and 200-hour simple moving averages and broken the channel up pattern. At mid-day, the price reached below the 1,925.00 level. If the metal continues to decline, support might be found in the 1,916.50/1,921.65
The support levels at 121.00/121.50 held out for a third time and have caused a surge, which has managed to break the resistance of the 122.50 mark. In the near term future, the USD/JPY might encounter resistance at 123.00 and the zone at 123.44/123.70. On the other hand, a potential decline would most likely look for support in the 122.50
At mid-day on Friday, the GBP/USD broke the week's channel up pattern by passing below the lower trend line of the channel near 1.3120. If the pair continues to decline, support might be found in the 1.3100 mark and the weekly S1 simple pivot point at 1.3097. Further below, take into account the support zone at 1.3053/1.3070. Meanwhile, a surge would have
The EUR/USD has approached the support levels that are spread out from the 1.1040 level up to 1.1050. Below the 1.1050 level, the 200-hour simple moving average at 1.1035 could act as support, before the EUR/USD reaches the 1.1000 mark and the weekly simple pivot point at 1.1004. On the other hand, if the Euro recovers and EUR/USD would face
The recent high levels of the USD/CAD currency pair have revealed that there exists a resistance zone at 1.2530/1.2535. Meanwhile, Wednesday's and Thursday's low levels reveal an ascending support line. Both of these combined are revealing a triangle pattern. In theory, the pair might trade between the support line and the resistance zone up to Monday. Afterwards, or before Monday,
On Friday morning, the GBP/JPY currency exchange rate passed above the 161.00 mark, which had kept the rate down on Wednesday and Thursday. However, the pair almost immediately found resistance in the 161.25 level. Meanwhile, it was spotted that the 200-hour simple moving average and the 160.50 level had acted as support. If the Pound continues to recover against the Japanese
The AUD/USD currency exchange rate remains in the range between support at 0.7467/0.7474 and resistance at 0.7538/0.7541. On Friday morning, the pair bounced off the support zone and started a surge, which in less than two hours reached above 0.7500. In the case of the Australian Dollar surging against the USD, the pair is expected to face minor resistance at