On Thursday, the currency exchange rate declined below the zone of 109.38/109.23. It eventually found support in the 109.00 level and started a recovery. During the morning hours of Friday's European trading, the USD/JPY had almost reached the resistance of the 109.60 level and the 55-hour simple moving average. If the SMA and the 109.60 level provide resistance, the pair could
On Thursday, the support of the 55-hour simple moving average managed to push the EUR/USD up, as just before mid-day the rate started a surge. However, on Friday morning the rate bounced off the 1.1920 level and retraced back to the combined support of the 55-hour SMA and the zone near 1.1880. If the 55-hour SMA and the 1.1880 support
During the early hours of Friday's trading, the GBP/USD passed the support zone above the 1.3720 level. This support kept the rate up since the middle of Wednesday's trading. The failing of the support resulted in a sharp move down. In the near term future, the rate was expected to test the support of the March low levels in the 1.3670/1.3675
The Australian Dollar rose by 54 pips or 0.71% against the US Dollar on Thursday. The surge was stopped by a resistance line at the 0.7660 level during yesterday's trading session.
During the first half of Thursday's trading session, the Euro declined by 70 pips or 0.54% against the Yen. However, the currency pair rebounded from a support level at 129.65 at the end of the day.
As expected, the yellow metal found support in the 55-hour simple moving average, which pushed the rate into another test of the resistance zone that is located above the 1,745.00 mark. By the middle of Thursday's GMT trading hours, a test of the resistance zone was ongoing. If the SMA provides enough support for the price to push through the resistance
During early hours of Thursday's trading, the USD/JPY ended trading sideways between two zones. The end of the consolidation was caused by the catching up of the 55-hour simple moving average from above. The SMA provided the rate with resistance, which was strong enough to push the rate through the support of the 109.60 level. In the near term future, the
On Wednesday, the resistance of the 55 and 100-hour simple moving averages was enough for the rate to decline and break the channel up pattern. Moreover, the weekly S1 simple pivot point was ignored during the decline. In the meantime, it was spotted that the 1.3720/1.3725 zone was providing the currency exchange rate with support. The GBP/USD could trade above
The EUR/USD pierced the resistance zone near the 1.1880 level. However, the following surge was stopped by the 1.1915 level and the rate retraced back down to look for support. The needed support to resume the surge could be provided by the 55-hour simple moving average, which on Thursday had reached above the 1.1860 level. In the near term future,
The US Dollar surged by 57 pips or 0.45% against the Canadian Dollar on Wednesday. The currency pair tested a resistance level at 1.2634 during yesterday's trading session.
The British Pound declined by 128 pips or 0.84% against the Japanese Yen on Wednesday. The currency pair breached the 151.00 level during Wednesday's trading session.
The Australian Dollar declined by 66 pips or 0.86% against the US Dollar on Wednesday. The AUD/USD currency pair tested the 0.7600 level during Wednesday's trading session.
The common European currency declined by 33 pips or 0.25% against the Japanese Yen on Wednesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
During the second part of Tuesday's trading, the yellow metal's price reached the resistance zone just above the 1,745.00 level. The metal immediately bounced off it and retraced back down. By the middle of Wednesday's trading, the price was trading near the 1,740.00 level. In the meantime, the price was being approached by the support of the 55-hour simple moving
Since mid-day on Tuesday, the USD/JPY traded sideways between the support of the 109.60/109.67 zone and the resistance of the 109.91/109.94 zone. Between these two zones, the rate ignored the 61.80% Fibonacci retracement level and the weekly S1 simple pivot point. In the case of the rate passing the resistance of the 109.91/109.94 zone, the pair could reach for the 55-hour
On Wednesday morning, the GBP/USD confirmed that it would trade in the borders of the recently discovered channel up pattern. It did so by respecting the lower trend line of the pattern and recovering from it. In theory, the pair should now continue to surge in the pattern's borders until it would reach the upper trend line of the channel. In
On Tuesday, the EUR/USD managed to break the resistance of the zone near the 1.1840 level. It resulted in a surge to the 1.1880 zone, which held the rate down from 18:00 GMT up to the time of writing 11:00 GMT. If the resistance of the zone fails to keep the EUR/USD down, the currency exchange rate could reach
Upside risks have dominated the USD/CAD currency pair since yesterday's trading session. The US Dollar has edged higher by 100 pips or 0.80% against the Canadian Dollar since Wednesday's session.
Downside risks have dominated the British Pound against the Japanese Yen since yesterday's trading session. The currency pair tested the weekly support level at 151.29 on Wednesday morning.
The Australian Dollar surged by 61 pips or 0.80% against the US Dollar on Tuesday. The AUD/USD currency pair tested a resistance level at the 0.7667 level during Tuesday's trading session.
During the first half of yesterday's trading session, the Eurozone single currency declined by 63 pips or 0.48% against the Japanese Yen. However, the Euro rebounded from a support level at 129.85 at the end of the day.
Last week, the yellow metal broke the resistance zone near 1,725.00 and surged above it. Afterwards, the zone was confirmed as support before the surge of the commodity price resumed. On Tuesday, the bullion's price was heading to the resistance zone above the 1,745.00 level. This zone provide the metal with resistance during the second part of March. Namely, it
At mid-day on Tuesday, the USD/JPY passed the support of the 200-hour simple moving average, which kept the rate up since the middle of Friday. During the day's US trading hours, the rate was finding support in technical levels near 109.80. Support was being provided by the weekly S1 simple pivot point at 109.76 and the 61.80% Fibonacci retracement level
On Tuesday, the GBP/USD declined and with it revealed a channel up pattern, which has guided the rate since the second part of March. In the meantime, the rate appeared to respect the support of the 1.3800/1.3820 zone. In addition, at mid-day on Tuesday, the rate started to respect the resistance of the 55-hour simple moving average. In the case of