On Thursday morning, the Australian Dollar succeeded against the US Dollar in its second attempt to book a new December high level. Previously, the 0.7222 level held and caused a retracement down to the 0.7200 level and the weekly R1 simple pivot point. The passing of the previous December high level has left the rate with no resistance as high as
On Wednesday, the EUR/JPY currency exchange rate passed the resistance of the 129.00 mark and the technical levels that were strengthening it. Afterwards, the 129.00 level was confirmed as support and the pair almost immediately reached the 129.50 level. By the middle of Thursday's European trading, the pair was still located below the 129.50 mark. In the case that the
The price for gold passed the support of the 100-hour simple moving average near 1,790.00 on Tuesday afternoon. However, the price almost immediately found support in the 200-hour simple moving average, which kept the rate up until the middle of Wednesday. At mid-day on Wednesday, the price was approached by the resistance of the 50-hour SMA. If the 50-hour SMA causes
The USD/JPY succeeded at its second attempt to reach a new December high level. By the middle of Wednesday's European trading hours, the rate had reached above the 114.30 level. If the USD continues to gain against the Japanese Yen, the pair would have no technical resistance as high as the weekly R2 simple pivot point at 114.86. However, the
The GBP/USD currency exchange rate has continued to move higher. At mid-day on Wednesday, the rate left below it the hourly simple moving averages, the weekly simple pivot point and the high level resistance zone near 1.3280. By 12:00 GMT, the GBP had reached the 1.3320 mark against the USD. A continuation of the surge of the Pound against the US
During late Tuesday hours and early Wednesday's trading, the EUR/USD reached both below support and above resistance. The pair reached two times below the support of the weekly simple pivot point at 1.1276. At mid-day on Wednesday, the pair had recovered and moved above the 1.1302/1.1305 resistance zone. In the case that the pair surges, it could reach for the
In general, the USD/CAD continues to decline from the 1.2960 mark, as simultaneously the pair continues to find short term support and resistance in round exchange rate levels like the 1.2920, 1.2940 and 1.2910. In the meantime, the currency pair has revealed a channel down pattern, which has been capturing the rate's moves throughout this week. If the pair continues to
The GBP/JPY has once by one passed technical resistance levels and reached the 151.50 mark. In general, each technical resistance level managed to hold no longer than two hours before being passed. On Wednesday morning, the 151.50 level provided resistance and forced the rate into fluctuating sideways. In the case that the rate passes the 151.50 mark, a potential target would
The recovery of the AUD/USD found resistance at the 0.7160 level. By the start of Wednesday's European trading hours, the rate had retreated to the support of the 50-hour simple moving average near 0.7120. A move below the simple moving average might look for support in the 0.7100 mark. Below the round exchange rate level, the Australian Dollar could find support
The EUR/JPY passed above technical resistance levels and the 128.50 mark on Tuesday. On Wednesday morning, the rate appeared to be consolidating by slightly retracing back down. However, the rate had no close by technical resistance as high as 129.00 and no support as low as 128.50. A resumption of the surge of the Euro against the Japanese Yen
Since the middle of Monday's trading hours, the yellow metal's price has been fluctuating between the support of the 100-hour simple moving average near 1,790.00 and the resistance of the 50-hour simple moving average at 1,800.00. If the commodity price surges above the 1,800.00 mark, it could once again test the 1,815.00 level's resistance. Note that a move above 1,815.00 might
On Tuesday, the USD/JPY was finding support in the 50-hour simple moving average near 113.55. Meanwhile, the pair appeared to be ignoring the resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point in the 113.65/113.72 range. If the rate surges, it could find resistance in the 113.88/113.96 zone, which captures early December high levels. Higher
Since mid-Monday's trading, the GBP/USD bounced off the resistance of the 200-hour simple moving average, retraced and found support in the 1.3200 mark and succeeded to pass the 200-hour SMA. At mid-day on Tuesday, the pair had reached the 1.3260 level, where the GBP/USD faced the resistance of the 100-hour SMA and the weekly simple pivot point. In the case that
Since mid-Monday, the EUR/USD has been fluctuating between the support of the weekly simple pivot point at 1.1276 and the resistance of the 1.1302/1.1305 zone. In the case that the rate drops below the weekly simple pivot point at 1.1276, a potential decline would have no support as low as the December low level zone at 1.1228/1.1236. However, if the
On Monday, the USD/CAD eventually passed the previous December high level and shortly reached above the 1.2960 level. However, afterwards, the pair retraced back to the 1.2920 mark. It could be clearly observed on Tuesday that the pair is being impacted by the 1.2920, 1.2940 and 1.2960 round exchange rate levels. If the pair resumes its surge, it would most likely
On Monday the recovery of the GBP/JPY reached the 150.40 level, which appeared to serve as resistance. On Tuesday morning, the pair was making a second attempt at passing the resistance level. In addition, the 150.40 mark was reached by the 50-hour simple moving average. In the case of a surge above the 150.40 level, the rate could find resistance at
Starting from mid-Monday up to the start of Tuesday's European trading hours, the AUD/USD pair has been trading almost flat between the 0.7100 and 0.7120 levels. However, on Tuesday morning, the pair was approached by the resistance of the 50-hour simple moving average. If the 50-hour simple moving average provides enough resistance for a decline, the rate would most likely look
The EUR/JPY currency exchange rate managed to pass the 128.00 mark at mid-day on Monday. On Tuesday, the pair broke the resistance of the 50 and 200-hour simple moving averages at 128.20 and 128.30. Next target for the pair's surge was the weekly simple pivot point at 128.41 and the 128.45 mark, which has been shown capable of acting
Despite initially providing support, the combination of the 1,800.00 mark and the 50-hour simple moving average failed at mid-day on Monday. If the price continues to decline, it could look for support in the previous December high level zone at 1,791.80/1,793.40. Below the zone, the 100 and 200-hour simple moving averages might stop a decline near 1,785.00. On the other hand,
The USD/JPY has recovered from the 113.15/113.20 zone. On Monday, the pair was making attempts at passing the resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point in the 113.60/113.75 zone. If the pair surges above the 113.60/113.75 zone's technical resistance levels, a potential surge might find resistance in the previously broken December high
The GBP/USD currency exchange rate was recovering on Monday, as the pair found support in the December low level zone at 1.3162/1.3175. By the middle of Monday's trading, the rate had reached the resistance of the 200-hour simple moving average at 1.3240. If the GBP/USD continues to surge, it might find resistance at the 1.3265 level, where the weekly simple pivot
The EUR/USD found support in the December low level zone and started a recovery on Monday morning. By the middle of the day's trading, the pair had reached the resistance of the weekly simple pivot point at 1.1276. In the case that the EUR continues to gain against the USD, resistance could be found at the 1.1290 level. Near
On Monday, the USD/CAD returned to trade at the 1.2938 level, which is the previous December high level. A move higher could find resistance in the weekly R1 simple pivot point at 1.2991. Above the pivot point, the 1.3000 mark might stop a surge. On the other hand, a decline of the USD against the CAD might look for support in
The GBP/JPY pair has sharply declined, as by the middle of Monday's trading the rate had passed various support levels and reached below the 150.00 level. A continuation of the decline of the pair might find support in the weekly S1 simple pivot point at 149.36. However, take into account the 2021 low level zone at 148.50/149.35. Meanwhile, a recovery might