On Monday, the USD/CAD currency exchange rate was mostly ignoring previous high and low level zones. Moreover, starting from 06:00 GMT, the rate began to ignore the 50-hour simple moving average. At mid-day on Monday, the rate was approaching the 1.2428/1.2434 zone and the weekly simple pivot point at 1.2427. A passing of these support levels could result in a decline
Since the middle of Friday's trading hours, the GBP/JPY currency exchange rate has been fluctuating around the 153.00 mark. Meanwhile, the rate was being approached by the resistance of the 50-hour SMA from above. In the case that the 50-hour simple moving average pushes the rate down, it could look for support first at the zone above the 152.50 mark. Further
On Monday, the AUD/USD currency exchange rate trade sideways between the support of the 0.7380/0.7384 zone and the resistance of 0.7412/0.7420. Meanwhile, while trading sideways, the rate passed the resistance of a channel down pattern and the 50-hour simple moving average. If the rate surges and passes the resistance zone of 0.7412/0.7420, it could find resistance in the weekly simple pivot
On Friday, the EUR/JPY currency exchange rate found support in the 130.75/130.90 zone. The following recovery continued into Monday until the rate encountered the resistance of the 50-hour simple moving average. Up to the middle of the day's European trading hours, the SMA was pushing the rate down. If the simple moving average continues to push the pair down, it
The sharp surge of the yellow metal found resistance in the 1,800.00 level. By the middle of Friday's trading, the price had made two failed attempts at passing above the 1,800.00 mark. Meanwhile, it could be spotted that the 200-hour simple moving average was providing support near 1,790.00. If the price manages to move above the 1,800.00 level, it could aim
The USD/JPY currency pair has revealed that it respects the support of the 113.51/113.56 zone. Namely, the rate has found support in this range two times and recovered from it. Meanwhile, since Thursday, the pair has been kept down by the combined resistance of the weekly simple pivot point and the 50, 100 and 200-hour simple moving averages from 113.88
On Friday morning, the GBP/USD currency pair reached the zone of the September and October low levels at 1.3413/1.3433. A passing of the support zone at 1.3413/1.3433 would leave the pair with no close by technical support on the hourly candle chart. The pair could look for support in round exchange rate levels as the 1.3400 and 1.3350. However, take into
Since the middle of Thursday's European trading hours, the EUR/USD currency exchange rate has been trading above or in the zone of the October low levels at 1.1525/1.1538. In the case that the rate passes the October low levels at 1.1525/1.1538, the pair could look for support in the 1.1500 mark. In addition, note the weekly S1 simple pivot
The USD/CAD reached the resistance of the 1.2452/1.2457 zone and passed it on Thursday. However, since the event, the rate has been trading sideways. Namely, the pair appears to be squeezed in between the support of the mentioned 1.2452/1.2457 zone and the resistance of the 1.2470/1.2472 levels. A breaking of the 1.2470/1.2472 resistance zone could reach for the 1.2500 mark.
On Friday morning, the GBP/JPY passed the support of the weekly S3 simple pivot point at 153.10 and touched the 153.00 mark. In the case that the rate extends the decline, it would have no technical support. Namely, the 152.50 and 152.00 levels could act as support. These levels provided resistance during the pair's early October surge. On the other hand,
The AUD/USD passed the support of the weekly S2 simple pivot point at 0.7419 and the 0.7412/0.7420 zone. This event resulted in a decline to the October 12 high and October 18 low level zone and the weekly S3 simple pivot point at 0.7376/0.7384, as described in the first scenario on Thursday. If the pair declines below the mentioned support levels,
The decline of the EUR/JPY passed the support zone that is located at 131.48/131.62. The rate continued to decline until it reached the 131.02 level. Due to that reason it is assumed that the 131.00 mark might act as resistance. Meanwhile, on Friday morning, the currency exchange rate was testing the resistance of the previously passed 131.48/131.62 zone. The near
The 1,760.00 support zone held and caused a recovery of the price of gold. The recovery occurred with a consolidating minor decline during the Thursday's Asian trading. However, at mid-day in Europe a sharp surge of the metal started. By 13:00 GMT, the yellow metal had recovered almost 2.00% from the Wednesday's low level. In the case of a continuation of
At mid-day on Thursday, the USD/JPY currency exchange rate passed five technical support levels. Namely, the 50, 100 and 200-hour simple moving averages, the weekly simple pivot point and the lower trend line of this week's channel up pattern failed to hold the pair up. Only the 50-hour SMA and the lower trend line of the channel pattern managed to
On November 4, the Bank of England announced its future monetary policy. In general, the bank decided to keep monetary policy unchanged. On the announcement, at 12:00 GMT, the GBP/USD started a decline. During the fifteen minutes following the release the rate had declined by 86 base points or 0.63%. On the technical hourly candle chart, the rate passed this week's
On Wednesday, the EUR/USD passed the resistance of the hourly simple moving averages. However, the rate encountered resistance in the 1.1616/1.1625 zone, which had previously impacted the rate throughout October. At midnight to Thursday, the pair started to plummets. By the middle of the day's European trading hours, the EUR/USD had declined by more than 70 base points. In the
On Wednesday, at 18:00 GMT, the US Federal Reserve revealed the central bank's future monetary policy. The event caused volatility, which passed the support of the recent low level connecting trend line. However, the pair found support in the 200-hour simple moving average near 1.2380. The SMA provided enough support for a recovery to start. On Thursday morning, the currency exchange
The GBP/JPY currency exchange rate's recovery found resistance in the 200-hour simple moving average near 156.20. On Thursday morning, the rate declined and reached the support of the 50-hour simple moving average near 155.40. A passing of the support of the 50-hour SMA could result in the rate looking for support in the weekly S1 simple pivot point at 155.19.
At midnight to Thursday, the AUD/USD bounced off the resistance of the weekly S1 simple pivot point at 0.7469. By the start of the day's European trading, the rate had retreated to the weekly S2 simple pivot point at 0.7419. Previously, the rate pierced the pivot point. However, it found support in the 0.7412 level. Due to that reason the
At GMT midnight to Thursday, the EUR/JPY currency exchange rate bounced off the 132.56 level and began a decline. The decline gradually became sharper, as eventually the rate lost 95 base points. On Thursday morning, the rate ended the decline,as it found support in the 131.48/131.62 zone. If the support zone causes a recovery of the rate, it could aim
6 At 12:30 GMT, on Wednesday, the yellow metal's price started a drop, which lasted two hours, and gold lost 1.50% against the US Dollar. The move could be attributed to the publication of good US employment data. Namely, the ADP Non-Farm Employment Change was released at 517,000 instead of the forecast 400,000. However, the data was released at 12:15 GMT
On Wednesday, the USD/JPY passed the resistance of the three hourly simple moving averages and the 114.00 mark. In addition, by connecting recent high and low levels a channel up pattern was spotted on the hourly candle chart. If the currency exchange rate continues to surge, it could eventually reach the resistance of the high level zone at 114.42/114.47 and the
At mid-day on Tuesday, the GBP/USD passed the support of the weekly S1 simple pivot point and the lower trend line of the channel down pattern. However, the event did not result in the expected decline to the weekly S2 simple pivot point or the 1.3600 mark. Instead, the rate started a minor recovery at the 1.3606 level. By the
Since the middle of Tuesday's trading, the EUR/USD bounced around the 50-hour simple moving average and the 1.1585/1.1588 zone. In the meantime an attempt to surge was stopped by the 1.1600 mark and the weekly simple pivot point at 1.1697. On Wednesday, it appeared that the rate could trade sideways until it is approached by the resistance of the