Despite passing below the weekly S1 simple pivot point at 1.2667, the USD/CAD found support and recovered on Tuesday. Namely, the currency exchange rate was supported by the 1.2650/1.2660 zone, which had supported the rate during the first half of February. During Wednesday's first half of trading, the pair was fluctuating between the 50 and 200-hour simple moving averages at
The GBP/JPY currency rate shortly reached below the January low level zone at 152.90/153.15. However, afterwards the pair retraced back up and confirmed the zone at 153.38/153.48 as resistance. The zone captures the February low levels. If the Pound declines against the Japanese Yen and clearly passes below the 152.90/153.15 zone, the rate might look for support in the 152.50,
Despite piercing the February high level near 0.7290, the AUD/USD currency exchange rate did not surge. Instead, a decline occurred to the support zone at 0.7250. In the meantime, the channel up pattern, which recently guided the pair, was broken. Since the described events, the rate has been trading between the support zone at 0.7240/0.7250 and resistance at 0.7282/0.7285. A decline
Since the second part of Tuesday's trading hours, the EUR/JPY currency exchange rate has been trading between the 127.50 and 128.00 levels. Meanwhile, the currency pair was ignoring the support of the weekly S1 simple pivot point at 127.80. If the Euro continues to decline against the Japanese Yen, the currency rate would have to pass below the 127.50 mark,
At mid-day on Tuesday, the price for gold once again moved above the resistance zone at 1,913.50/1,922.00. In the meantime, the commodity was finding support in the 100-hour simple moving average near 1,911.20. If the commodity price continues to surge, it might encounter resistance in the 1,930.00 mark, which reversed the early Monday's surge. Higher above, other round price levels could
The USD/JPY fulfilled the scenario of a decline on Monday, as the pair declined below the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point, and the 115.00 mark. On Tuesday morning, the rate retraced back up and confirmed that the weekly simple pivot point is capable of acting as resistance, due to the pair bouncing
Since the middle of Monday's European trading hours, the GBP/USD currency exchange rate has been fluctuating between the support of the 1.3400 mark and the 50-hour simple moving average and resistance of the weekly simple pivot point at 1.3428 and the 100-hour simple moving average near 1.3430. If the GBP ends the sideways trading with a decline below the 1.3400 mark
This week, the EUR/USD currency exchange rate has revealed that it respects the resistance of the 100-hour simple moving average. Namely, the SMA has been pushing the rate down by stopping its attempts at recovering on Friday, on Monday and on Tuesday. By the middle of Tuesday's trading hours, the rate had bounced off the moving average and almost
This week, the USD/CAD passed below the trend line, which connects the February low levels. Moreover, the 1.2700 mark did not act as support, as it was passed and confirmed as a resistance level. On Tuesday morning, the rate passed below the support of the weekly S1 simple pivot point at 1.2667. If the US Dollar continues to decline against the
The GBP/JPY made three attempts at passing the resistance of the 155.00 mark, which eventually all failed. Meanwhile, the 154.00 level was acting as support. At mid-day on Tuesday, the GBP/JPY rate passed below the 154.00 level. If the decline of the Pound against the Japanese Yen continues, the rate could look for support in the 153.50 mark and the zone
This week, the AUD/USD passed the resistance zone at 0.7245/0.7250 and confirmed it as support, before starting a surge. The follow up surge passed above the weekly R1 simple pivot point at 0.7282 and the previous February high level zone at 0.7282/0.7285. A continuation of the surge of the Australian Dollar against the USD might find resistance in the 0.7300 mark.
On Tuesday morning, the EUR/JPY currency exchange rate passed below the 128.50 mark and approached the support zone of the January low levels. However, take into account that the zone was pierced on February 24. A move below the low level zone could look for support in the 128.00 mark, which acted as support on February 24. Below the round
The price for gold started the week's trading with a gap up and piercing the resistance of the 1,913.50/1,922.00 zone. However, no less than an hour later, the commodity price returned to trading below the 1,922.00 mark. Moreover, during the mid-hours of Monday's European trading, the commodity price retreated to fluctuate between the support of the 200-hour simple moving average
First of all, the USD/JPY has broken the channel up pattern, which guided the rate up during the end of the last week. Meanwhile, the pair has revealed that it faces a resistance zone at 115.70/115.80. In the meantime, support was being provided by the 50-hour simple moving average and the 115.30 level. If the US Dollar passes the 115.70/115.80
The GBP/USD started the week's trading with a gap down opening below the 1.3350 mark. Afterwards, during the first half of Monday's trading, the currency exchange rate surged and reached the resistance of the 50-hour simple moving average near 1.3390. If the currency exchange rate passes above the 50-hour simple moving average, the pair might aim at the weekly simple pivot
The EUR/USD started the week with a gap down, as fundamentals in Europe and the US have caused a run to safety and a subsequent surge of the US Dollar. By the middle of Monday's trading hours, the pair had retraced from the low at 1.1128 up to the 50-hour simple moving average and the 1.1200 mark. If the rate
The price for gold has been recently trading around the 1,900.00 mark in a 40 US Dollar range. Namely, the commodity price fluctuates between the support of the 1,880.00 level and resistance at 1,920.00. Note that the price is capable of shortly piercing these levels. Due to that reason support and resistance zones have been marked at 1,878.00/1,884.00 and 1,913.50/1,922.00. If
The USD/JPY currency rate hit a low level on Thursday, as the pair shortly traded below the 114.50 mark. Note that the 114.50 level had been pierced on Monday and on Thursday. Afterwards, the rate began a recovery. By the start of Friday's US trading hours, it was spotted that the rate had been recovering in a channel up pattern. If
On Thursday, the GBP/USD sharply plummeted to the 1.3275 mark. By doing so, the pair reached below the 2022 low level. Afterwards, the rate recovered and started to trade above the 2022 low level zone at 1.3360/1.3370. In the meantime, on Friday, the pair was being approached by the resistance of the 50-hour simple moving average. If the resistance of the
After experiencing a sharp drop on Thursday to the 1.1108 level, the EUR/USD currency exchange rate began a recovery. By the start of Friday's US trading hours, the currency pair had reached the 1.1250 mark, which appeared to act as resistance. If the Euro surges higher against the US Dollar, the currency exchange rate could encounter resistance in the weekly
On Thursday, the USD/CAD passed above the February high level zone at 1.2785/1.2797. However, at 15:00 GMT, the pair bounces off the resistance of the 1.2880 mark and started a decline. By the start of Friday's US trading hours, the currency pair's decline had reached below the 1.2785 level and the 50-hour simple moving average. Next target for the rate's
At mid-day on Thursday, the GBP/JPY found support in the 153.50 mark and started a recovery. By the middle of Friday's trading, the pair's surge was making a second attempt at passing the resistance of the 155.00 mark. Namely, the 155.00 level acted as resistance late on Thursday and at mid-day on Friday. If the pair manages to reach above
On Thursday, the AUD/USD currency exchange rate found support in the combination of the weekly S1 simple pivot point at 0.7097 and the 0.7100 mark. The following surge passed the resistance of the 0.7150 mark, the weekly simple pivot point at 0.7163 and the 50 and 200-hour simple moving averages near the 0.7200 level. By the middle of Friday's trading,
At mid-day on Friday, the EUR/JPY currency exchange rate managed to pass the resistance of the 50-hour simple moving average near 129.30. The event was followed by a surge, which approached the 130.00 level. A move above the 130.00 mark could find resistance in the trend line, which connects the February 10 and 23 high levels. A move above the