The price for gold has once again retreated below the 1,700.00 mark. Meanwhile, by the middle of Wednesday's trading, it was spotted that support is being found in the 1,688.65/1,692.90 zone. However, resistance appeared to be provided by the 50 and 100-hour simple moving averages. A move of the price below the 1,688.65/1,692.90 zone could result in the price reaching the
The surge of the US Dollar against the Japanese Yen has escalated. Namely, the pair has broken the channel up pattern to the upside and by mid-Wednesday the rate was already at 145.00. A continuation of the surge could encounter resistance only in round levels. The pair has broken all known technical resistance. On the other hand, it can be
At mid-day on Wednesday, the GBP/USD currency pair reached below the 1.1450 level and approached the support of the weekly S1 simple pivot point at 1.1411. A move below the weekly S1 at 1.1411 is expected to almost immediately pause at the 1.1400 mark. Further below, take into account the 1.1350 level and the weekly S2 simple pivot point at 1.1321. However,
At mid-day on Wednesday, the EUR/USD remained near the 0.9880 level and the weekly S1 simple pivot point at 0.9881. In the case of the Euro resuming its decline against the US Dollar, the pair could look for support in the weekly S2 simple pivot point at 0.9812. Further below, the 0.9800 mark might act as support. On the other hand,
On Tuesday morning, the price for gold shortly reached above the 1,725.00 mark and touched the resistance of the 200-hour simple moving average. The resistance appeared to be enough to force the pair into sideways trading near the 1,720.00 level. A resumption of the recovery of the commodity price would have to pass the combination of the 200-hour SMA and the
The USD/JPY currency exchange rate has continued to surge. On Tuesday morning, the pair was steadily approaching the 142.00 mark. From a technical analysis perspective, the move was caused by the 50-hour simple moving average catching up to the pair and providing support. A move above the 142.00 mark might encounter resistance in the upper trend line of the channel up
The GBP/USD currency pair appears to have ended its steep decline, as it has recovered from 1.1450 up to the 1.1600 mark. During the surge, the rate passed the resistance of the 50 and 100-hour simple moving averages and the weekly simple pivot point. A move of the Pound higher against the US Dollar might encounter resistance in the 1.1650 level,
The EUR/USD currency pairs recovery reached the combined resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point at 0.9980 on Tuesday morning. A move above the technical levels at 0.9980 could encounter resistance in the 1.0000 mark. Higher above, note the weekly R1 simple pivot point at 1.0050. On the other hand, a
On Friday, the USD/CAD found support in the 1.3060/1.3075 zone and started a recovery. By the middle of Monday's European trading hours, the pair had reached above the 1.3150 mark. However, it was observed that the rate was fluctuating around the round level, despite shortly reaching above it. A continuation of the US Dollar's surge against the Canadian Dollar is expected
On Monday morning, the GBP/JPY currency exchange rate found support in the weekly S1 simple pivot point at 160.64. By the middle of the day's European trading, the pair had recovered and broken the resistance of the combination of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 161.50/161.65. A continuation of the surge
The AUD/USD currency pair has revealed a support zone at 0.6770/0.6775. At mid-day on Monday, the pair was fluctuating between the support zone and the resistance of the 0.6800 level, which was strengthened by the 50-hour simple moving average. A move above 0.6800 is expected to approach the resistance of the 100-hour simple moving average near 0.6830. Higher above, take
On Friday, the EUR/JPY currency exchange rate bounced off the resistance of the 140.50/140.75 zone. On Monday morning, the pair found support in the last week's low level zone at 138.30/138.70. A move below the support zone could almost immediately find additional support in the 200-hour simple moving average near 138.20. Further below, the 138.00 level might also slow
The recovery of the price for gold hit resistance in the form of the 100-hour simple moving average near the 1,715.00 mark. During the first half of Monday's trading, the price was still kept down by the SMA. A decline of the commodity price might look for support in the combination of the 1,705.00 level and the 50-hour simple moving
On Monday morning, the USD/JPY currency exchange rate remained near the 140.50 level. In general, the pair has been trading between the 140.00 and 140.80 levels since Friday. In the case of a surge, the pair would have to pass the Friday's high level at 140.80. Higher above the 141.00 mark and the weekly R1 simple pivot point at 141.44
The decline of the Pound against the US Dollar has reached the 1.1450 level. The pair has been declining in a set way. A new round low level is reached, the pair then retraces back above the previous round level, prior to reaching a new low level. For example, GBP/USD reached 1.1500, recovered above 1.1550 and then reached the 1.1450
On Monday morning, the EUR/USD currency pair booked a new historical low level, as the rate reached below the 0.9900 mark. However, the pair found support in the 0.9880 level and the weekly S1 simple pivot point at 0.9882. A potential recovery of the Euro against the US Dollar might encounter resistance in the combination of the 50, 100 and
On Thursday, the price for gold reached below the 1,700.00 mark and hit the 1,690.00 level, which acted as support. By 09:30 GMT, the price had recovered and broken the upper trend line of the channel down pattern and the 50-hour simple moving average. A continuation of the surge of the commodity was expected to encounter resistance in the 1.710.00/1,715.00
The USD/JPY currency pair has extended its surge above 140.00. During the first half of Friday's trading, the pair was finding support in the weekly R3 simple pivot point at 140.35. A move above the weekly R3 pivot point at 140.35 might encounter resistance in the 140.50 and 141.00 levels, before the USD/JPY reaches the upper trend line of
The Pound has continued to decline against the US Dollar. On Thursday, the pair hit the 1.1500 mark, which acted as support. Since mid-Thursday, the rate has retraced and been trading around the 1.1550 level. In the case of a decline, the pair would once again look for support in the 1.1500 mark. Further below, the weekly S3 simple pivot
The EUR/USD Thursday's drop found support in the August low level zone at 0.9900/0.9915. The support zone was enough to cause a recovery of the pair. During the early hours of Friday's trading, the pair had approached the 1.0000 mark. A move above the 1.0000 mark and the 50 and 100-hour simple moving averages might encounter resistance in the
With the start of a new month, the USD/CAD broke the resistance of the 1.3150 mark. By the middle of Thursday's trading, the pair appeared to be finding support in the exchange rate level. An extension of the ongoing USD surge against the Canadian Dollar might encounter resistance in the 1.3200 mark, the July high level at 1.3222, the 1.3250
Since the start of Wednesday's trading, the GBP/JPY currency pair has been trading between the support of the 161.00 level and resistance at 161.70. In the case of a Pound's decline compared to the Japanese Yen, the pair would have to pass the support of the 161.00 and 160.50 levels, and the weekly S1 simple pivot point at 160.73. Further
The AUD/USD rate eventually reached below the support zone near 0.6840 and the weekly S1 simple pivot point at 0.6828. The following decline found support on Thursday morning in the 0.6800 level. The round exchange rate caused a retracement back up. By the middle of the day's trading, the 0.6840 level was confirmed as resistance. A resumption of the Australian Dollar's
The EUR/JPY currency pair has broken resistance levels and reached the 140.00 mark, where the surge appears to have paused. At mid-day on Thursday, the pair had retraced back below the 139.50 level and was approaching the combination of the 139.00 level and the 50-hour simple moving average. A resumption of the Euro's surge against the Japanese Yen would have