The USD/JPY currency exchange rate found support in the 114.80 level at GMT midnight to Friday. The event resulted in a surge, which was stopped by the 50-hour simple moving average near the 115.20 mark. A move above the 50-hour simple moving average might find resistance in the 100-hour simple moving average near 115.40, before reaching the upper trend line
At mid-day on Friday, the GBP/USD currency exchange rate was testing the resistance of the February high level at 1.3645 and the weekly R1 simple pivot point at 1.3646. In the meantime, the pair was being approached by the 50-hour simple moving average, which had been pushing the pair up since Wednesday. If the pair reaches above the 1.3650 level, the
At mid-day on Friday, the EUR/USD currency exchange rate was finding support in the trend line, which connects the week's low levels. Meanwhile, it was spotted that the hourly simple moving averages could shortly impact the currency pair. If the currency pair declines below the supporting trend line, the 100-hour simple moving average and the 1.1350 mark, a potential decline
It was spotted on Friday that since Tuesday the USD/CAD currency exchange rate has been trading in a descending triangle pattern. Namely, the pair has booked lower high levels, as it keeps findings support at 1.2665/1.2675. If the pair breaks out of the triangle to the upside, it could aim at the weekly R1 simple pivot point at 1.2776. On
At mid-day on Friday, the GBP/JPY pair passed the resistance zone that is located at 157.00/157.12. In the meantime, support was being provided by the 50 and 200-hour simple moving averages and the weekly simple pivot point at 156.65/156.70. If the pair continues to surge, the GBP/JPY rate might find resistance in the 157.50 and 158.00 levels, before reaching the 2021
On Friday, the a channel up pattern was spotted on the AUD/USD channel on Friday morning, as the pair bounced off the lower trend line of the pattern and began a surge. By the start of the day's European trading hours, the currency exchange rate had reached above 0.7220. If the Australian Dollar continues to surge against the US Dollar, the
On Thursday, the EUR/JPY currency exchange rate revealed a support zone at 130.40/130.45. On Friday morning, the pair bounced off the support zone and recovered to the 131.00 mark and the 50-hour simple moving average at that level. If the Euro continues to surge against the Japanese Yen, the currency exchange rate might find resistance in the 200-hour simple moving
The price for the yellow metal has passed the resistance of the 1,880.00 mark. Moreover, the commodity has retrace down and confirmed support at 1,882.90. Due to that reason the 1,880.00/1,882.90 zone has been marked as support. At the start of Thursday's US trading hours, the price was approaching the 1,900.00 mark. In the meantime, it was spotted that the
At mid-day on Thursday, the USD/JPY currency exchange rate reached below the mid-February low level zone and the 115.00 mark. However, the event did not result in a follow-up decline, as the pair found support in the weekly S1 simple pivot point at 114.89. If the US Dollar passes below the 114.89 level against the Japanese Yen, the rate could look
At mid-day on Thursday, just as the US markets were about to open, the GBP/USD currency exchange rate reached the resistance zone of early February high levels at 1.3620/1.3629 If the Pound passes the 1.3620/1.3629 zone against the US Dollar, a surge could almost immediately encounter additional resistance. Note the 1.3640/1.3644 zone, which captures the February 10 high levels. In addition,
The resistance of the 1.1400 mark, the weekly simple pivot point and the 200-hour simple moving average held on Wednesday. On Thursday, the EUR/USD currency exchange rate retreated and shortly traded below the 1.1350 mark. By the start of the day's US trading hours, the pair fluctuated between the 1.1350 and 1.1380 levels. A decline below the 1.1350 mark and
On Thursday morning, the USD/CAD currency pair reached above the 1.2700 mark. Meanwhile, it appeared that the rate was ignoring the 50 and 200-hour simple moving averages and the weekly simple pivot point at 1.2706. If the US Dollar surges against the Canadian Dollar, the pair would have no technical resistance as high as the weekly R1 simple pivot point at
On Wednesday, the GBP/JPY currency exchange rate revealed that the 157.00 mark and a zone above it are acting as resistance. Meanwhile, despite being passed on Monday, the 156.00 level continued to act as support on Tuesday. Namely, the pair is trading in a 100-base point range throughout most of the week. In addition, the pair is ignoring the 50
On Thursday morning, the AUD/USD currency pair reached above the 0.7200 mark. However, the event was followed up by a sharp drop to the 0.7150 mark, which was followed by a recovery back up above 0.7200. Meanwhile, it was spotted that the 0.7180/0.7186 zone could act as both support and resistance. If the Australian Dollar gains value, compared to the US
During the early hours of Thursday's trading, the EUR/JPY currency exchange rate experienced a sharp drop, which shortly reached below the 130.50 mark. Afterwards, a recovery reached the 50-hour simple moving average near 131.30. By the start of the day's European trading hours, the pair had bounced off the moving average and once again reached the 130.50 mark, which
The price for gold found support in the 100-hour simple moving average and the 1,845.00 level. Afterwards, a failed attempt at surging occurred due to the 50-hour simple moving average. However, the 1,850.00 mark acted as support and a following surge managed to reach above the 50-hour SMA and reach the 1,870.00 mark. A continuation of the recovery of the
Since the middle of Tuesday's European trading hours, the USD/JPY currency exchange rate has been ignoring technical levels. The exception to the statement is the providing of support by the already failed weekly simple pivot point at 115.62. On Wednesday, at 19:00 GMT, the pair reacted to the FOMC Meeting Minutes with a decline to the 115.40 level. In regards to
As the US Federal Reserve released the FOMC Meeting Minutes, the GBP/USD surged due to markets observing US Dollar's weakness. The event resulted in a test of the 1.3600 level's resistance. If the pair reaches above the 1.3600 mark, the rate could test the resistance zone of early February high levels at 1.3620/1.3629. Above this zone, note the 1.3640/1.364 zone, which
In the aftermath of the release of the US FOMC Meeting Minutes, the US Dollar's value declined. Due to that reason the EUR/USD currency exchange rate approached the resistance of the 1.1400 mark, which was strengthened by the 200-hour simple moving average and the weekly simple pivot point. If the pair reached above the 1.1400 mark, the Euro would face
The surge of the yellow metal's price eventually found resistance in the 1,880.00 mark. The price was testing the resistance of the round price level until the Russian government announced that it would move a part of its forces away from the Ukrainian border. This resulted in risk on sentiment and a drop of the price of the metal's price
At mid-day on Tuesday, the USD/JPY currency exchange rate was testing the resistance of the January high level zone at 115.68/115.71. The rate failed to pass this zone during the late trading hours of Monday. If the rate passes above the 115.68/115.71 zone, the pair would face no resistance as high as the February high level zone at 116.25/116.35 and the
At mid-day on Tuesday, the GBP/USD currency exchange rate broke the resistance line of the channel up pattern, which captured the rate since the middle of last week. In addition, the resistance of the 50, 100 and 200-hour simple moving averages was passed. However, the pair found resistance in the weekly simple pivot point at 1.3568. If the Pound continues to
At midnight to Tuesday, the EUR/USD currency exchange rate broke the channel down pattern, which guided the rate since the US CPI release on Thursday. By the middle of Tuesday's European trading hours, the currency exchange rate had reached above the 50-hour simple moving average at the 1.1340 mark. In the meantime, the pair was finding resistance in the
On Tuesday, the Russian news agency Interfax revealed that a part of the Russian army would move away from the Ukrainian border. This event caused a decline of the USD, which broke the channel up pattern that guided the USD/CAD rate up during the increase of tensions last week. In addition, the rate passed all close by technical support levels