The February 12 low level of 1.3775 provided the GBP/USD with support even before it was properly reached. The rate reversed its direction at mid-day on Friday. Since then, the rate has been testing the resistance of the 1.3830/1.3870 zone. However, it could be observed that most resistance was provided exactly by the 1.3870 level. In the near term future, the
On Monday morning, the EUR/USD declined below the support of the 1.1900 mark. Next target for the decline was the 1.1850 mark and the weekly S1 simple pivot point at 1.1838. In the case of the mentioned support levels holding, the rate could recover and test the resistance of the 1.1900. In addition, this level could be soon reached by
On Friday, the New Zealand Dollar edged up by 55 pips or 0.77% against the US Dollar. The 50– hour simple moving average provided resistance for the currency pair during Friday's session.
During Friday's trading session, the US Dollar fell by 67 pips or 0.53% against the Canadian Dollar. The decline was stopped by the 200– hour simple moving average on Friday.
During Friday's session, the Australian Dollar fell by 67 pips or 0.87% against the US Dollar. The 50– hour simple moving average pressured the currency pair lower on Friday.
During Friday's trading session, the common European currency declined by 63 pips or 0.49% against the Japanese Yen. The decline was stopped by the 200– hour simple moving average on Friday.
The Chairman of the US Federal Reserve Jerome Powell made a speech on Thursday, which caused a surge of the US Dollar. This resulted in the price of gold bouncing off the combined resistance of the 1,720.00 mark and the 55-hour simple moving average. The price almost immediately reached the 1,690.00 level, which provided support. By the middle of Friday's
The USD/JPY extended its surge and did not retrace back to the 55-hour SMA. Instead, the currency exchange rate surged and by the middle of Friday's trading had reached the 108.50 mark. It occurred due to the speech of the head of the Federal Reserve Jerome Powell, which caused a major surge of the US Dollar against all other
The GBP/USD started to test the resistance of the 200-hour SMA, as it finally pierced the resistance of the 1.4000 mark. However, at that time the head of the US Federal Reserve Jerome Powell started a speech. In his speech he revealed that the US monetary stimulus would remain unchanged. It resulted in a surge of the US Dollar against
During Thursday's trading session, the New Zealand Dollar declined by 96 pips or 1.32% against the US Dollar. The currency pair tested the weekly S1 at 0.7147 on Friday morning.
At 17:00 GMT on Thursday, the head of the US Federal Reserve Jerome Powell started a speech. During the speech he revealed that the current US monetary stimulus would remain intact. However, as the markets appeared to expect additional stimulus, the value of the US Dollar surged. It resulted in two large red hourly candles, which passed all support
During the first half of yesterday's trading session, the US Dollar declined by 91 pips or 0.72% against the Canadian Dollar. However, the currency pair regained the lost points by the end of the day.
The Australian Dollar edged lower by 101 pips or 1.30% against the US Dollar on Thursday. The currency pair was pressured lower by the 50– hour simple moving average during yesterday's trading session.
During the first half of Thursday's trading session, the Eurozone single currency gained 61 pips or 0.48% against the Japanese Yen. However, the currency pair erased the earlier gains by the end of the day.
Instead of testing the support of the 1,700.00 level the price for gold began to trade sideways even before it was reached. Since the middle of Wednesday's GMT trading hours, the price has been fluctuating between 1,710.00 and 1,720.00. On Thursday, the bullion was being approached by the 55 and 100-hour simple moving average. In the near term future, the price
The USD/JPY currency exchange rate has gained new high level, as the 55-hour simple moving average provided support and pushed the rate up. By the middle of Thursday's trading, the pair had almost reached the 107.40 level. Take into account that the weekly R1 simple pivot point at 107.25 failed to provide any resistance. In the near term future, the pair
The GBP/USD has once again bounced off the resistance of the 1.4000 mark. The rate appears to be trading flat this week between the 1.3850 and 1.4000 level. In the meantime, the 100-hour simple moving average approached the rate and failed to provide any impact on it. In the near term future, the rate is expected to reach for the support
The resistance of the 1.2100 level held, as the currency exchange rate bounce off it and began a decline. By the middle of Thursday's trading, the rate's decline was heading down to the 1.2000 level. The rate was expected to reach this level, as the support zone near 1.2020 and the weekly S1 simple pivot point at 1.2011 did
The New Zealand Dollar declined by 74 pips or 1.01% against the US Dollar on Wednesday. The currency pair breached the lower boundary of an ascending channel pattern during Wednesday's session.
The US Dollar surged by 76 pips or 0.60% against the Canadian Dollar on Wednesday. The currency pair breached a resistance cluster at 1.2650 during yesterday's trading session.
The Australian Dollar declined by 80 pips or 1.02% against the US Dollar on Wednesday. The AUD/USD currency pair tested the 0.7750 area during Wednesday's trading session.
The common European currency dipped by 52 pips or 0.40% against the Japanese Yen on Wednesday. The decline was stopped by the 50– hour simple moving average at 128.00 during yesterday's trading session.
The New Zealand Dollar surged by 92 pips or 1.28% against the US Dollar on Tuesday. The currency pair reversed from the lower boundary of an ascending channel pattern during yesterday's trading session.
The yellow metal's recovery found resistance in the 1,740.00 level. Meanwhile, the price almost ignored the 55-hour simple moving average and the 38.20% Fibonacci retracement level. Namely, round price levels managed to provide more impact than technical indicators. In the meantime, the recent low levels were used to draw a channel down pattern, which has guided the metal since early February.