The high volatility period of the USD/CAD currency exchange rate ended with a surge to the 1.2500 level, the zone that surrounds it and the weekly R1 simple pivot point in the zone. On Thursday morning, the rate broke the resistance of the 1.2500 mark and reached for the 1.2530 level. The USD has been surging against all other currencies since
Since Tuesday, the GBP/JPY has been trading in range between the support zone at 152.55/152.75 and the resistance of 153.65/153.75. However, on Thursday morning, the rate appeared to start to find resistance in the 153.00 level and the 50-hour simple moving average. The resistance of these levels was enough for the rate to move outside the borders of the support
The decline of the AUD/USD extended and reached below the 0.7300 level on Thursday morning. From a technical perspective the decline of the rate gained new energy, as the resistance of the 50-hour simple moving average provided resistance at 0.7394 on Wednesday. In the meantime, a broader review of the pair's chart has revealed that the previously broken channel up pattern
The resistance of the 131.40 mark held on Wednesday, and the EUR/JPY currency exchange rate declined to the support zone at 130.63/130.90. On Thursday morning, the rate was located in the zone and below the resistance of the 50-hour simple moving average at 130.85. A decline below the support zone would most likely result in the pair looking for support
The price for gold reached the summer high level zone above 1,830.00 in the borders of the channel up pattern. Although, the summer high level zone forced the price into breaking the pattern and retracing to the support of the 50-hour simple moving average. The SMA kept the price up until the US Consumer Price Index data was released. The
The USD/JPY kept finding support in the 112.73/112.78 zone for the 24-hour period from 08:00 GMT on Tuesday to Wednesday. On Wednesday, the rate started a surge, which one by one passed the resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point. During the day's US trading hours, the pair had reached the
On Wednesday morning, the support of the 50 and 100-hour simple moving averages together with the weekly simple pivot point failed to provide support at the 1.3530/1.3550 zone. This resulted in a decline, which at 13:30 GMT was boosted by the US Consumer Price Index release. By the middle of the day's US trading hours, the rate was heading to the
The resistance of the 1.1600 was enough to cause a decline, which initially reached below the technical levels at 1.1567/1.1585. Afterwards, the decline was boosted by US Consumer Price Index data, which caused a USD surge. During Wednesday's US trading hours, the pair had reached below the previous November low levels, as it approached the 1.1500 level. In the case
Since the middle of Tuesday's GMT trading hours, the USD/CAD has been highly volatile. The high volatility could be explained by the Tuesday's publication of US Producers Price Index at 13:30 GMT and the Wednesday's US Consumer Price Index release at 13:30 GMT. During the high volatility, the rate has been mostly ignoring technical support and resistance levels. However, the
The GBP/JPY continues to respect both the support zone at 152.55/152.75 and the resistance of 153.65/153.75. Previous forecasts remain intact. In the case that the pair passes the resistance of the 153.65/153.75 zone, it might find resistance in the weekly simple pivot point at 154.10. Above the pivot point, the 200-hour SMA near 155.00 could serve as a resistance level. However, a
The resistance of the weekly simple pivot point at 0.7431 provided enough resistance for the AUD/USD currency exchange rate to eventually pass the support line of the channel up pattern, which guided the rate since the start of November. Note that initially the trend line held and forced the pair into a second attempt to pass the resistance of
First of all, note that the previously drawn support zone near 130.80 was pierced. In-depth analysis and the recent recovery of the EUR/JPY currency pair revealed that the zone's bottom border is actually located at the October 11 low level at 130.63. The zone has been adjusted on the charts. On Wednesday, the rate recovered, as by 14:00 GMT, the
Since the middle of Monday's European trading hours, the price for gold has remained near the 1,825.00 level. Moreover, it appears that the price has been trading almost flat with no volatility. However, from a technical analysis perspective, the sideways trading appears normal, as the rate is consolidating previous gains by remaining flat in the borders of a channel up
On Monday, the decline of the USD/JPY currency pair reached below the support of the 113.00 mark, which was strengthened by the weekly S1 simple pivot point. On Tuesday, the rate retraced back up and confirmed the 113.00 level as a resistance. Namely, the pair moved back up and bounced off the 113.00 mark. If the rate continues to decline, the
The GBP/USD currency exchange rate's surge has encountered resistance at 1.3605/1.3610. This zone proved that it can impact the pair during the first trading sessions of November. If the resistance zone of 1.3605/1.3610 holds, a decline of the rate might occur. A potential move down could find support in the 100-hour simple moving average at 1.3555. Below the 100-hour SMA, the
The EUR/USD currency exchange rate's surge reached above the 1.1600 mark on Tuesday. During the recent surge, the rate eventually passed the resistance of the 50, 100 and 200-hour simple moving averages. In the case that the pair continues to surge, the EUR/USD might test the resistance zone at 1.1617/1.1625 and the weekly R1 simple pivot point at 1.1620.
The USD/CAD currency exchange rate has been trading with high volatility, as can be deducted from the size of the hourly candles. Meanwhile, on Tuesday morning, the rate reached the support of the 1.2429/1.2433 zone. In the case that the rate passes the support zone, it could almost immediately find support in the weekly simple pivot point at 1.2427. Below
First of all note that the recent fluctuations of the GBP/JPY have provided the opportunity to adjust the support and resistance zones, which impact the rate. Namely, the rate trades between the support zone at 152.55/152.75 and the resistance of 153.65/153.75. Meanwhile, note that between the support and resistance zone the 50-hour simple moving average is located at. The SMA has
The AUD/USD breaking of the previous pattern has occurred in a channel up pattern. The minor pattern was added to the chart on Tuesday. Meanwhile, note that the pair has been respecting the support of the 50-hour simple moving average and the resistance of the weekly simple pivot point at 0.7431. In the case that the rate continues to surge
The resistance of the 50-hour simple moving average was enough for the EUR/JPY to decline to the support zone at 130.75/130.90. The first decline of the rate was stopped by the support zone. However, on Tuesday morning, the pair shortly passed below the zone. Meanwhile, the EUR/JPY was being steadily approached by the 50-hour simple moving average from above. If the
The price for gold has reached above the resistance of the 1,810.00 mark. By the middle of Monday's trading, the price had reached the 1,825.00 level. Meanwhile, a channel up pattern has been spotted on the pair's hourly candle chart. The pattern has been guiding the price since the November 3 drop. In regards to the near term future, the metal
On Friday, the USD/JPY passed previous low level zones before consolidating by retracing back up to the 113.66 level. On Monday, the decline of the pair resumed, as the pair reached the 113.10 level. In the near term future, the rate was highly likely set to reach the 113.00 mark. At the 113.00 mark, the pair could not only finds psychological
The GBP/USD found enough support in the September low level zone to start a recovery. The recovery first reached the resistance of the 1.3500 mark, which kept the rate down until the middle of Monday's GMT trading hours. During the afternoon, the GBP/USD was surging sharply. By 15:30 GMT, the rate was testing the resistance of the 100-hour simple moving
On Friday, the EUR/USD booked a new low level by reaching below October low levels. Namely, the pair touched the 1.1514 zone. However, the touching of a low level was followed up by a recovery to the hourly simple moving averages above the 1.1550 mark. By the middle of Monday's European trading, the pair had reached above the resistance of