On Monday morning, the AUD/USD currency exchange rate reached the 0.7200 mark and the weekly simple pivot point at 0.7197. Meanwhile, the rate shortly found support in the 0.7180 mark and the 50-hour simple moving average near 0.7170. If the currency pair surges above the 0.7200 mark, the 200-hour simple moving average near 0.7220 might act as resistance. Higher above, the
The EUR/JPY currency exchange rate passed the support of the channel up pattern, which had guided the rate since December 19. On Monday morning, the rate bounced off the resistance of the 131.40 level and declined to the 131.00 mark. At the 131.00 mark, the rate was finding support in the 50-hour simple moving average and the weekly simple
On Friday, at 13:30 GMT, the price for Gold increased volatility due to the US monthly employment data showing contradicting information, as less jobs were found, salaries rose and unemployment rate decreased. The price for gold fluctuated between the 1,785.00 and 1,795.00 levels. However, both resistance and support were shortly pierced, indicating at their weakness. After the release, the price for
The USD/JPY currency exchange rate's attempt at recovery failed, as it was piercing the 116.00 mark. On Friday, the rate was fluctuating below the 116.00 mark, as the pair was slowly declining. In the case that the pair extends its decline, support would be most likely provided by the support zone at 115.63/115.66. Below the support zone, the November high zone
The release of the US monthly employment data at 13:30 GMT on Friday increased volatility on all pairs and assets that involve the US Dollar. During the volatility, the currency pair pierced the resistance of the 1.3550/1.3560 zone. If the GBP/USD clearly passes above the 1.3560 mark, the rate might find resistance in the weekly R1 simple pivot point at
On Friday, analysts connected the January high levels of the EUR/USD currency exchange rate to reveal a resistance line. Meanwhile, the December 29 and January 4 low levels form a support zone. The two technical drawings combined form a descending triangle pattern. In theory, the pattern should squeeze the rate in, as the resistance line would force the rate
The USD/CAD currency pair has passed below the lower trend line of the channel up pattern, which guided the rate since December 31. On Friday, the rate confirmed the support line of the pattern as resistance. Meanwhile, support was being found in the 1.2708 level, which is three base points above the weekly simple pivot point at 1.2705. A decline
On Friday morning, the GBP/JPY currency exchange rate passed the resistance of the 50-hour simple moving average near 156.90. However, instead of surging, the pair started to fluctuate around the moving average. In the case of a decline, the pair is expected to look for minor support in the 156.50 mark, before aiming at the 156.00 mark. The 156.00 level
The AUD/USD currency pair has been trading between the support of the 0.7143/0.7146 zone and the resistance levels at 0.7170/0.7185 since early Thursday hours. Due to that reason, by large, the previous forecasts remain unchanged. In the case that the AUD/USD continues to decline, it could find support in the 0.7100 mark, before reaching the December 20 low level at 0.7083. Meanwhile,
Since the middle of Thursday's trading hours, the EUR/JPY currency exchange rate has been slowly ascending, as it was being pushed up by the channel up pattern's lower trend line. The pattern has guided the rate since December 19. At mid-day on Friday, the pair was piercing the 131.00 mark and the 50-hour simple moving average. If the Euro continues
At 19:00 GMT on Wednesday, the US Fed Meeting Minutes were released. The event revealed that the US monetary policy makers are more hawkish than though, as they are highly likely to hike USD interest rates. The price for gold reacted to the news by an initial sharp drop, which was followed up by a steep decline. In total, the
In the aftermath of the Fed Meeting Minute release, the USD/JPY currency exchange rate has revealed a resistance and support zones at 116.19/116.24 and 115.63/115.66 . During late Thursday's trading, the support zone had once again held and the rate was approaching the 50-hour SMA near 115.95 and the 116.00 mark. If the currency pair continues to surge, it would have
The surge of the GBP/USD was testing the resistance of the 1.3600 mark, as the US Fed Meeting Minutes caused a drop back to the 1.3500 level. By late Thursday trading hours, the rate had recovered and made an attempt to pass the 1.3560 level, before retreating below 1.3550. In the case of a surge, the pair would have to pass
The EUR/USD was testing the resistance of the weekly simple pivot point at 1.1345, as the US Fed Meeting Minutes were released. A strengthening of the USD followed, which beat down the EUR/USD. The decline eventually stopped at the 1.1285 level, on Thursday morning. However, since then the rate has been looking for direction, as it ignores technical levels
The USD/CAD surged on Wednesday at 19:00 GMT due to the US FOMC Meeting Minutes revealing that the US monetary policy makers were considering rate hikes. The fundamental surge eventually ended at the 1.2815 level. A retracement down followed. By the middle of Thursday's trading hours, the exchange rate had reached the 50-hour simple moving average near 1.2735. A move below
On Wednesday, the GBP/JPY found resistance in the weekly R2 simple pivot point at 157.80. The following decline resulted in the rate reaching below the 156.50 mark. During the second half of Thursday's trading, the rate was fluctuating between the 156.50 and 157.00 levels. In the case of a decline, the pair is expected to look for minor support in the
The AUD/USD bounced off the December high level zone and sharply plummeted, starting from 19:00 GMT on Wednesday. The drop was fueled by the reveal that the US Federal Reserve monetary policy makers revealed their meeting minutes, which announced to the world that the US central bank might hike interest rates. By the end of Thursday's European trading hours, the rate
The EUR/JPY currency rate's s surge on Friday ended at the 131.60 mark, which acted as resistance and caused a decline. The following decline ended on Thursday morning, as the pair found support in the lower trend line of the channel up pattern that captures the rate's surge since December 19. By the middle of the day's trading, the
The price for gold has been slowly surging, as after passing the resistance of the 50 and 100-hour simple moving averages the price traded close above them. In general, on Wednesday, Tuesday's forecasts remained intact. If the price for gold continues to move higher, it could reach the resistance zone of the 2021 summer and the 2022 New Years eve above
The USD/JPY booked a new five year high level at the weekly R3 simple pivot point at 116.35. The resistance of the pivot point held and caused a decline. By the middle of Wednesday's trading, the rate had retreated below the weekly R2 simple pivot point and the 50-hour simple moving average near 115.80. A continuation of the decline of
Starting from Tuesday up to the middle of Wednesday's trading, the resistance zone at 1.3550/1.3557 continued to hold, as the GBP/USD was making its third attempt at breaking it. Previous forecast scenarios remained unchanged. In the near term future, a move above the 1.3550 mark might aim at the weekly R1 simple pivot point at 1.3585. Afterwards, the 1.3600 mark could
On Tuesday, the EUR/USD found support in the December 29 low level at 1.1275 and the 1.1280 mark. The following surge passed the resistance of the channel down pattern, which recently guided the pair down. In addition, the technical resistance of the 50, 100 and 200-hour simple moving averages and the weekly S1 simple pivot point were passed. By
At mid-day on Tuesday, the USD/CAD declined and confirmed the existence of a support zone at 1.2668/1.2677. Meanwhile, the pair appeared to be almost ignoring the 50-hour simple moving average, the weekly simple pivot point and the previous low and high level zone at 1.2710/1.2730. A surge of the pair might find resistance in this week's high levels near 0.7265/0.7280. In
The surge of the GBP/JPY stopped at the 157.43 level, during late Tuesday's trading. By the start of Wednesday's European trading, the rate had retreated to trade below the 157.00 mark. A continuation of the decline of the Pound against the Japanese Yen might look for support in the weekly R1 simple pivot point at 156.73. Below the pivot point,