On Tuesday, the rate conducted another decline to the September low and December high level zone at 0.7170/0.7185, before starting a sharp recovery. By 16:00 GMT, the rate had already touched the 0.7250 level. The 0.7250 mark caused a minor decline, which found support in the weekly S1 simple pivot point at 0.7266. If the rate passes the support of the
The EUR/JPY currency exchange rate managed to pass the resistance of the 131.00 mark on Tuesday. However, the following surge was not long, as the rate started to decline, before reaching the 131.50 mark. By the start of Wednesday's European trading hours, the pair had retreated to fluctuate near the 131.00 mark. Although, it appeared that the 131.00 mark
The support of the 1,800.00 mark provided enough support to the price of gold that an attempted second surge at mid-Tuesday passed the resistance of the 50, 100 and 200-hour simple moving averages at 1,815.30, 1811.00 and 1,808.25. If the price for gold continues to move higher, it could reach the resistance zone of the 2021 summer and the 2022 New
On Tuesday, the USD/JPY jumped, as it broke the resistance of the 115.40/115.50 zone. The surge reached above the five year high level of early 2017 near 115.80. By the start of US trading, the pair had already reached the resistance of the weekly R3 simple pivot point at 116.35. A move above the weekly R3 simple pivot point at 116.35
On Tuesday, the GBP/USD surged and reached for the resistance of the December 31 high level at 1.3550. The rate reached the 1.3550 level in the aftermath of finding support in the 200-hour simple moving average near 1.3440. 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,
At mid-day on Tuesday, the EUR/USD currency exchange rate traded below the 1.1300 mark, which had been passed during the drop that started with the start of 2022. In the case of the EUR/USD surging above the 1.1300 mark and the weekly S1 simple pivot point at 1.1304, the pair might reach for the 50, 100 and 200-hour simple moving
At the start of the year of 2022, the USD/CAD currency exchange rate found support at 1.2620 and began a recovery. However, on Tuesday, it appeared that the rate was about to be squeezed in between the resistance of the 200-hour simple moving average and the weekly R1 simple pivot point near 1.2780 and the support of the 50-hour SMA
On Tuesday morning, the GBP/JPY currency exchange rate passed the resistance of the 156.00 mark. By the middle of the day's European trading hours, the rate was aiming at the weekly R1 simple pivot point at 156.73. A move above the weekly R1 simple pivot point might find resistance in the 157.00 mark. Higher above, the 157.50 could act as
This week, the AUD/USD found support in the September low and December high level zone at 0.7170/0.7185. On Tuesday, the rate recovered, as it passed above the 0.7200 mark. A continuation of the recovery of the Australian Dollar against the US Dollar might find resistance in the weekly S1 simple pivot point at 0.7227. Above the pivot point, the 50 and
On Tuesday morning, the EUR/JPY currency exchange rate was testing the resistance of the 131.00 mark. The 131.00 mark provided resistance on December 31, just as the year's trading ended. In the case that the pair passes the 131.00 level's resistance, it could aim at the weekly R1 simple pivot point at 131.52. In addition, note that the 131.50
Late on December 22, the price for gold reached the 1,810.00 mark. Since then, the price has been fluctuating with high volatility sideways around the price level. Meanwhile, the hourly simple moving averages were catching up to the price from below. In the case of the price surging, the bullion would most likely test the resistance zone of the late
The USD/JPY continued to surge, as it was pushed up by the 50-hour simple moving average. Meanwhile, the currency exchange rate remains in a channel up pattern, which had guided the pair since December 17. On December 27, the only close by resistance to the rate was the weekly R1 simple pivot point at 114.91. In the case that the US
Since the middle of December 23, the GBP/USD currency exchange rate has been trading sideways between the 1.3400 mark and a resistance zone above 1.3420. The sideways trading could be explained by the lack of direction caused by the holiday season. If the GBP/USD breaks the resistance of the 1.3423/1.3439 zone, the pair could reach the weekly R1 simple pivot point
Last week, the EUR/USD failed at two attempts to pass the resistance of the 1.1340 mark. On December 27, the currency pair was trading above the support of the weekly simple pivot point and the 200-hour simple moving average at 1.1300. Meanwhile, the currency pair was ignoring the support and resistance of the 50 and 100-hour simple moving averages. In
Since December 23, the USD/CAD has been testing the lower borders of the 1.2835/1.2855 zone. The zone has been acting as both resistance and support throughout December. Future scenarios were based upon whether or not the zone keeps the USD down against the Canadian Dollar. A move above the 1.2855 level could immediately find resistance in the 200-hour simple moving average
Since the middle of Thursday, December 23, trading hours, the GBP/JPY has been fluctuating sideways between the support of the 153.12/153.17 zone and resistance at 153.66/153.80. A passing of the resistance levels might find resistance at 154.50. Afterwards, the early November low and late November high level of 154.75 is expected to pause or reverse a potential surge. Above the 154.75
Since late December 23, the AUD/USD currency exchange rate was finding support in the 0.7220 level. On Monday morning, December 27, the pair passed below 0.7220 and appeared to be heading to the 0.7200 mark. Note that the 0.7200 mark acted as support on December 23. A passing below the 0.7200 level could find support in the weekly simple pivot point
The EUR/JPY currency exchange rate has been facing a recent high level zone at 129.72/129.82. The zone has been keeping the pair down since late December 23 trading hours. Meanwhile, support was being provided by the lower trend line of the channel up pattern, which captures the rate's surge since December 20. If the Euro surges against the Japanese Yen,
The yellow metal's price found enough support in the 200-hour simple moving average to start a surge, which broke the 50 and 100-hour simple moving averages and the upper trend line of the channel down pattern. On Thursday, the price fluctuated around the 1,805.00 level, as it appeared to be consolidating. A resumption of the surge could find resistance in the
Despite reaching a new December high level and passing the resistance of the weekly R1 simple pivot point at 114.30, the USD/JPY currency exchange rate did not start a surge. Instead, the rate retraced below the technical levels and almost reached the 50-hour simple moving average, before returning to trade near the 114.30 level. In the near term future, the support
It took the GBP/USD currency exchange rate 15 hours of testing resistance and trading flat below the previous December high level zone at 1.3365, before the high level failed. By the middle of Thursday's GMT trading, the pair had already reached the 1.3435 level. Moreover, the GBP faced no resistance against the USD as high as the 1.3468 level. If the
The EUR/USD broke out of the previous trading range to the upside. The surge ended at the 1.1340 mark, which served as resistance. By the middle of Thursday's trading, the pair had retreated and had almost reached the 1.1300 mark. A move below the 1.1300 mark could immediately find support in the 100 and 200-hour simple moving averages at 1.1290.
During Wednesday's afternoon, US Final GDP, Consumer Confidence and Building Starts data showed contradicting information, which was represented by a wide hourly candle. The rate bounced between the borders of the minor scale channel down pattern until the pattern's support broke. The event was followed by a sharp decline to the support levels at 1.2835/1.2850. However, on Thursday morning, the
By the middle of Thursday's trading, the GBP/JPY had reached above the 153.20 level. During its surge, the rate was slowed down by the 151.50 level, the weekly R1 simple pivot point at 152.23 and the previous December high level at 152.60. If the pair continues to surge, the 153.50 mark might slow down a surge. Meanwhile, the weekly R2