During the early hours of Monday's trading, the USD/CAD currency exchange rate shortly reached below the combined support of the 1.2700 mark, the weekly simple pivot point at 1.2705 and the 50-hour simple moving average. However, by the middle of the day's European trading hours, the US Dollar had recovered and approached the 1.2750 mark against the Canadian Dollar. The recovery
On Monday, the GBP/JPY currency exchange rate reached below the 151.50 mark. The pair has been declining since March 3, as the Pound has devalued against the Yen by more than 2.50%. A continuation of the decline might look for support and pause at the 151.00 level, before reaching the weekly S1 simple pivot point at 150.50. Further below, note the
On Monday morning, the Australian Dollar beat the bullish expectations, as the AUD/USD pair broke the channel up pattern, which guided it last week, to the upside. Namely, the rate surged earlier than forecast. If the pair continues to move higher, the pair might find resistance in the 0.7450 mark. Above the round exchange rate level, the weekly R1 simple
The EUR/JPY currency exchange rate started the week with a decline to the 124.50 mark, which acted as support. Meanwhile, it was spotted that the Euro's attempts at recovery against the Japanese Yen on Friday encountered resistance in the 125.50 level. If the currency exchange rate declines, it would have to pass below the support of the 124.50 mark. Further
As the price for gold had no technical resistance and the simple moving averages were approaching from below, a global fundamental run to safety gave enough strength to the price to pass the 1,950.00 mark. Namely, at mid-day on Friday, the commodity price surged above the 1,950.00 mark and by 16:00 GMT the metal was above 1,960.00. In the near term
At mid-day on Friday, the USD/JPY currency exchange rate passed below the combined support of the 100 and 200-hour simple moving averages and the weekly simple pivot point at 115.24/115.29. The rate declined in a sharp drop, which by 16:00 GMT was approaching the support of the weekly S1 simple pivot point at 114.74. The pivot point acted as support
Due to an ongoing run to safety, the value of the US Dollar has surged. As a result of the event, the GBP/USD currency exchange rate has declined. By 16:00 GMT on Friday, the pair was approaching the 1.3200 level. If the Pound declines against the US Dollar below the 1.3200 mark, the rate might look for support in the December
Due to an ongoing run to safety, the markets have rallied the US Dollar to levels not seen since 2020. On the EUR/USD charts it has resulted in a drop below the 1.1000 mark. Moreover, the round level did not even act as support, as by the start of Friday's US trading hours, the rate had reached the 1.0900
The USD/CAD found support in the 1.2600 during the first part of Thursday's trading. By the middle of Friday, the currency pair was almost 200 base points higher, as the rate was approaching the 1.2800 mark. A move above the 1.2800 mark might find resistance at 1.2850 and the weekly R1 simple pivot point at 1.2863, before approaching the February high
At mid-day on Friday, the GBP/JPY currency exchange rate's decline was approaching the support of the February low level at 152.67. At the time of analysis, it appeared that the support is set to fail. A continuation of the decline of the Pound against the Japanese Yen could look for support in the 152.50 and 152.00 levels, before approaching the
It was spotted on Friday that the AUD/USD currency pair has been surging in a channel up pattern on Wednesday and Thursday. At mid-day on Friday, the pattern was still intact. If the currency exchange rate continues to surge, it would face the resistance of the weekly R2 simple pivot point at 0.7378, before reaching the 0.7400 mark. However, a decline
The EUR/JPY currency exchange rate passed below the support of the 127.00 mark, the weekly S2 simple pivot point and the lower trend line of the channel down pattern near 126.30. Namely, the rate has plummeted a lot more than forecast in Thursday's bearish scenario. By declining below the trend line, the pair had no technical support as low
On Wednesday, the price for the yellow metal eventually found support in the zone at 1,913.50/1,922.00. The zone was strengthened by the 100-hour simple moving average in the zone and the approaching 200-hour SMA and the lower trend line of the channel up pattern, which has guided the commodity price since the start of the Russian invasion of Ukraine on
The USD/JPY bounced off the resistance of the post Ukraine invasion high level zone for the third time on Thursday. By the end of the day's US trading hours at 21:00 GMT, the pair had retraced to the support of the 50 and 100-hour simple moving averages near 115.30/115.40. In addition, the 200-hour simple moving average and the weekly simple
On Thursday morning, the GBP/USD currency pair reversed its direction even before reaching the week's high levels and the weekly simple pivot point at 1.3428. By the end of the day's US trading hours, the rate had declined below the 50 and 100-hour simple moving averages near 1.3350 and 1.3375 levels. A continuation of the decline of the Pound against the
During the late hours of Thursday's trading, the Euro declined below the support of the weekly S1 simple pivot point and the 1.1050 mark against the US Dollar. The resistance of the 50-hour simple moving average had pushed the pair down. However, additional pressure downwards was provided by the 100-hour SMA and the resistance of the 1.1100 mark. If the
On Wednesday, the USD/CAD found resistance in the 200-hour simple moving average and began a decline, which passed various technical support levels and the February low level at 1.2640. During the morning hours of Thursday's trading, the pair shortly reached below the 1.2600 mark. Afterwards, the currency pair began a recovery, which tested resistance levels located from the 1.2640 level
On Thursday morning, the GBP/JPY currency exchange rate bounced off the resistance zone, which is located above the 155.00 mark. Previously, it was not expected that the rate would score such sharp gains and reach higher than 154.00. If the currency exchange rate continues to decline, the pair might look for support in the 154.00 mark and the 50-hour simple
On Thursday, the Australian Dollar against the US Dollar pair surged above the January high level at 0.7315, which is also the 2022 high. At mid-day, the currency pair faced no resistance as high as the 0.7378 level. If the pair continues to surge, the currency exchange rate could aim at the weekly R2 simple pivot point at 0.7378. However, take
The EUR/JPY has been respecting the 127.50 and 128.50 levels as support and resistance during this week. However, it appears that both levels can be shortly pierced. Due to that reason, the actual low and high levels of the week have been used to mark support and resistance zones. Support is located at 127.31/127.37 and resistance is located at
The yellow metal has clearly passed the resistance zone at 1,913.50/1,922.00, surged and confirmed the existence of a channel up pattern and retraced back down to the mentioned zone to confirm it as support. In the near term future, the price for gold could resume its surge due to the support of the 1,913.50/1,922.00 zone and the 50 and 100-hour
On Tuesday, the USD/JPY currency pair found support in the weekly S1 simple pivot point at 114.74. The pivot point's support and the 114.80 mark held out for eleven hours, before a surge started. During the first half of Wednesday's trading, the pair had passed above the resistance of the 50, 100 and 200-hour simple moving averages and the weekly
On Tuesday, the squeeze of the GBP/USD currency exchange rate between the 50 and 100-hour simple moving averages resulted in a break-out downwards. During the early hours of Wednesday's trading, the pair found support in the February low level at 1.3275. By the start of the day's US trading at 14:30 GMT, the rate had recovered and touched the 1.3330
During the early trading of Wednesday's European trading hours, the EUR/USD currency exchange rate reached the support of the weekly S1 simple pivot point at 1.1061. The pivot point managed to cause a recovery of the rate, as by 13:00 GMT the currency pair had reached back above the 1.1100 mark. If the pair continues to surge, it would have