The British Pound edged higher by 84 pips or 0.61% against the US Dollar on Thursday. The surge was stopped by the 200– hour simple moving average at 1.3761 during yesterday's trading session.
On Thursday, the Eurozone single currency declined by 62 pips or 0.53% against the US Dollar. The currency pair tested the weekly support level at 1.1758 during Thursday's trading session.
The 200– hour simple moving average pressured the XAU/USD exchange rate on Wednesday. As a result, the commodity fell by 151 pips or 0.84% during yesterday's trading session.
The US Dollar surged by 50 pips or 0.46% against the Japanese Yen on Wednesday.
The GBP/USD currency pair bounced off a support level near the 1.3600 zone on Monday. As a result, the British Pound edged higher by 130 pips or 0.95% against the US Dollar.
The common European currency rose by 40 pips or 0.34% against the US Dollar on Wednesday.
On Tuesday, Gold declined by 185 pips or 1.02% against the US Dollar. The commodity breached the 55-, 100– and 200– hour SMAs during Tuesday's trading session.
On Tuesday, the US Dollar surged by 55 pips or 0.50% against the Japanese Yen. The currency pair breached the 55– and 100– hour SMAs during Tuesday's trading session.
On Tuesday, the British Pound edged lower by 93 pips or 0.68% against the US Dollar. The currency pair was pressured by the 55-, 100– and 200– hour SMAs during yesterday's trading session.
The 55– hour simple moving average pressured the EUR/USD currency pair lower during Tuesday's trading session.
During the second part of Monday's trading session, the yellow metal's price surged by 150 pips or 0.83%.
On Monday, the US Dollar plunged by 86 pips or 0.78% against the Japanese Yen. The currency pair tested the lower boundary of a descending channel pattern at 109.18 during Monday's trading session.
Downside risks dominated the GBP/USD exchange rate on Monday. As a result, the British Pound fell by 89 pips or 0.65% against the US Dollar during Monday's trading session.
The EUR/USD currency pair bounced off a support level formed by the lower boundary of a descending channel pattern at 1.1765 on Monday.
The yellow metal's price fell by 215 points or 1.17% during Friday's trading session. The decline was stopped by the 200– hour simple moving average at 1811.00 on Friday.
The US Dollar rose by 55 pips or 0.50% against the Japanese Yen on Friday. The surge was stopped by the 200– hour simple moving average at 110.20 during Friday's session.
The GBP/USD currency pair failed to surpass the resistance levels formed by the 55-, 100– and 200– hour SMAs on Friday. As a result, the exchange rate fell by 97 pips or 0.70% during Friday's trading session.
The decline of the EUR/USD currency exchange rate found support at the lower boundary of a descending channel pattern at 1.1790.
The yellow metal failed to properly reach the 1,835.00 level before starting a retracement down. The retracement ended just above the 1,820.00 level. Since the middle of Thursday's trading, the metal has traded between the mentioned price levels. On Friday, the bullion was approached by the support of the 55-hour simple moving average near 1,824.00 If the SMA manages to push the
Upside risks dominated the USD/CAD currency pair on Thursday. As a result, the US Dollar edged higher by 104 pips or 0.84% against the Canadian Dollar during yesterday's trading session.
The USD/JPY currency exchange rate has revealed that it is trading sideways in a 35 base point range between the 109.74 and 110.09 levels. Meanwhile, additional resistance was being provided by the 55-hour simple moving average at 110.05 In the case that the rate passes the levels near 110.00, it would face additional resistance from the 100-hour simple moving average at
On Thursday, the British Pound fell by 103 pips or 0.68% against the Japanese Yen. The currency pair was pressured lower by the 50– and 200– hour SMA during Thursday's trading session.
The GBP/USD failed to pass the resistance zone near the 1.3900 level. Namely, the rate bounced off exactly the 1.3900 mark. This was followed by a decline to the support zone of the July 13 and 14 low levels just above the 1.3800 mark. Meanwhile, note that, by large, the rate ignores the hourly simple moving averages. In the near term
The recovery of the EUR/USD failed to pass the resistance of the 1.1850 mark. It resulted in a decline, which eventually found support in the 1.1800 level. On Friday morning, the rate was trading sideways above the 1.1800 level. In the case that the rate recovers it would face the resistance of the 55-hour simple moving average at 1.1815 first.