The Eurozone single currency surged by 58 pips or 0.44% against the Japanese Yen on Friday. The currency pair breached the resistance level at 132.04 during the Asian session on Monday.
The yellow metal's price found support in the 200-hour simple moving average and started a surge. Note that the surge is captured by the borders of a channel up pattern. In addition, note that by the middle of Friday's trading, the metal had passed the resistance of the 55 and 100-hour simple moving average. In the case of the pattern holding,
The USD/JPY has revealed a minor channel down pattern, which captures the rate's decline in the aftermath of the Wednesday's US CPI release surge. Future scenarios were based upon whether or not the rate continues to trade in the pattern's borders. In the case of the channel down pattern holding, the rate would gradually decline to the support of the 100
The US Dollar surged by 81 pips or 0.67% against the Canadian Dollar on Thursday. A breakout occurred through the upper boundary of a descending channel pattern during yesterday' trading session.
The decline of the GBP/USD did not reach the support of the 200-hour simple moving average on Thursday. Instead, the rate found support in the 1.4005/1.4015 zone, which had provided both resistance and support on Monday. On Friday morning, the GBP/USD had recovered to the 1.4070 level, where it encountered the 55-hour simple moving average. The 55-hour SMA could provide resistance
The British Pound declined by 78 pips or 0.50% against the Japanese Yen on Thursday. The currency pair breached the 50– hour simple moving average during Thursday's trading session.
On Friday morning, the EUR/USD currency exchange rate passed the resistance of the 55 and 200-hour simple moving averages and reached above the 1.2100 level. However, almost immediately resistance was provided by the weekly simple pivot point at 1.2109. In the case of the rate passing the resistance of the weekly simple pivot point, the pair would face the resistance
The Australian Dollar surged by 44 pips or 0.57% against the US Dollar on Thursday. The currency pair breached the support level at 0.7723 during yesterday's trading session.
The common European currency declined by 44 pips or 0.33% against the Japanese Yen on Thursday. The decline was stopped by the 50– hour simple moving average during Thursday's trading session.
In the aftermath of the release of the US Consumer Price Index, the yellow metal declined until it found support in the 1,812.00/1,818.00 zone. In the near term future, the 200-hour simple moving average would approach the price and provide support. In the case of a potential surge, the rate could recover first to the 55 and 100-hour simple moving averages
As the US Consumer Price Index was released on Wednesday and revealed a lot larger inflation in the United States than previously expected, the US Dollar surged against the Japanese Yen. During five hours, the currency exchange rate surged by almost 100 base points or 0.90%. Moreover, the surge slowly continued until it reached the 109.80 level and booked a new
The release of the US Consumer Price Index caused two hours of high volatility during the mid-day of Wednesday. It was followed up by a decline. By the middle of Thursday's trading, the rate had passed the support of the 100-hour simple moving average at 1.4078 and the weekly R1 simple pivot point at 1.4064. In the near term future, the
As the United States released its inflation data, the EUR/USD began to trade with high volatility on Wednesday. The high volatility ended below the 200-hour SMA at the 1.2066 level. The rate's decline appeared to have been stopped by the support of the 1.2053/1.2070 zone, which provided both resistance and support on May 6. During the early Thursday's trading hours,
The US Dollar surged by 72 pips or 0.59% against the Canadian Dollar on Wednesday. The currency pair breached the upper boundary of a descending channel pattern during the London open on Thursday.
The British Pound surged by 76 pips or 0.50% against the Japanese Yen on Wednesday. The currency pair tested the upper boundary of an ascending channel pattern during yesterday's trading session.
The Australian Dollar declined by 87 pips or 1.11% against the US Dollar on Wednesday. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session.
The common European currency surged by 70 pips or 0.53% against the Japanese Yen on Wednesday. The currency pair breached the 50– hour simple moving average during Wednesday's trading session.
The US Dollar traded sideways against the Canadian Dollar on Tuesday. The USD/CAD currency pair consolidated above the 1.2080 level during Tuesday's trading session.
The Pound Sterling declined by 44 pips or 0.29% against the Japanese Yen on Tuesday. The decline was stopped by the 50– hour simple moving average during yesterday's trading session.
On Tuesday, the yellow metal did not find support in the 55-hour simple moving average near 1,830.00. Instead, the price declined to the 1,818.20 level. The event confirmed that the 1,812.80/1,818.20 zone could provide support in the future. During the early hours of Wednesday's trading, the price was located in the middle between the 1,812.80/1,818.20 support zone and the resistance of
The support of the 50.00% Fibonacci retracement level at 108.35 held and caused another surge to the technical levels near 109.00. During the early hours of Wednesday's trading, the pair had reached the resistance of the weekly simple pivot and the 100-hour simple moving average at 108.90. If the rate manages to pass the weekly simple pivot point's and 100-hour SMA's
Since Tuesday's trading session, the Australian Dollar has declined by 69 pips or 0.88% against the US Dollar. The currency pair tested the lower boundary of an ascending channel pattern at 0.7786 during the Asian session on Wednesday.
Since the middle of Monday, the GBP/USD has traded in a 50 pip range between two zones. From the above, resistance is provided by the 1.4160/1.4170 zone. In the meantime, support is found in the 1.4100/1.4110 zone. On Wednesday, the rate had once again bounced off the support of the 1.4100/1.4110 zone. The rate was most likely going to once again
The common European currency declined by 52 pips or 0.39% against the Japanese Yen on Tuesday. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.