The EUR/JPY currency exchange rate jumped on Wednesday at 19:00 GMT. Strangely enough, the surge was fueled by the US Federal Reserve cutting stimulus. However, the pair does not include the US Dollar. More likely, the investment heading to the USD caused a run from the safety of the Japanese Yen. Namely, the Japanese Yen lost value due to
The price for Gold plummeted below the support of the 50, 100 and 200-hour simple moving averages at mid-day on Tuesday. The move is being attributed to the higher than forecast US Producers Price Index data, which revealed a larger than previously thought demand for the US Dollar. By the middle of Wednesday's trading, the price had been fluctuating around the
The support of the 200-hour simple moving average held on Tuesday. The SMA caused a surge, which by the middle of Wednesday had reached the resistance zone of the December high level zone at 113.88/113.96. In addition, the weekly R1 simple pivot point was located in the zone at 113.95. A passing of the resistance of the December high zone at
The GBP/USD currency exchange rate has reached the December high level zone at 1.3277/1.3289. At mid-day on Wednesday, the rate appeared to have been retracing down after encountering resistance. The pair was expected to reach the combined support of the weekly simple pivot point at 1.3243 and the 50, 100 and 200-hour simple moving averages near 1.3230. A potential move below
On Tuesday, the EUR/USD shortly reached below the recent low level zone and the 1.1260 level. However, the rate found support in the 1.1255 level before retracing up to the 50-hour simple moving average near 1.1280. A decline from the 50-hour simple moving average and a passing of the 1.1260 and 1.1255 levels could result in a test of the
Eventually, the USD/CAD pair reached above the December high level zone and the weekly R1 simple pivot point at 1.2835/1.2853. On Wednesday morning, the rate confirmed the zone as support. Meanwhile, the rate has confirmed that it is trading in a channel up pattern, which has guided the USD against the CAD since December 8. A continuation of the surge of
On Wednesday morning, the GBP/JPY currency exchange rate broke the high level zone at 150.67/150.77. However, the following surge appeared to have been stopped by the 151.00 mark. A move above the 151.00 level could aim at the weekly R1 simple pivot point at 151.33. Above the pivot point, note the 151.50 mark and the resistance line of the October and
The AUD/USD currency exchange rate continues to fluctuate between the support of the 0.7090/0.7100 zone and the resistance of the 0.7137/0.7141 levels. On Wednesday morning, the pair approached the resistance zone and was testing it. A passing of the 0.7137/0.7141 level might result in a surge to the December high level zone at 0.7173/0.7187. Above the zone, the 0.7200 mark might
Despite a surge above the previous week's high levels, the EUR/JPY eventually retraced back to the support of the 128.00 level. On Wednesday morning, the pair had returned to trading between the 128.00 mark and the resistance of the 50 and 200-hour simple moving average near 128.20. In the case that the rate declines below the 128.00 level, the EUR/JPY
The price for gold jumped on Friday due to the publication of the US employment data. The metal reached above the 50, 100 and 200-hour simple moving averages near 1,780.00. Since then, the bullion has been fluctuating between the support of the moving averages and the resistance of the 1,790.00 level. A move below the simple moving averages might reach for
The 200-hour simple moving average has kept the rate up since December 7. However, the USD/JPY has been piercing the support of the SMA. At mid-day on Tuesday, the rate was heading to the support of the SMA and the weekly simple pivot point at 113.40. In the case of the rate passing the support of the 200-hour SMA and the
On Tuesday, the GBP/USD found support in the trend line, which connects the December 8 and 9 low levels. By the middle of the day, the rate had reached and pierced the resistance of the 200-hour simple moving average and the weekly simple pivot point at 1.3245. A continuation of the surge of the rate would most likely reach the resistance
On Tuesday morning, the EUR/USD found support in the 1.1260/1.1267 zone, which has kept the rate up since December 8. By the middle of the day's GMT trading hours, the pair had almost reached the December 10 high levels above the 1.1320 mark. If the rate would pass the resistance of the 1.1320 mark, the EUR/USD could reach for the
The surge of the USD against the Canadian Dollar continues, as on Tuesday morning the USD/CAD rate reached above the 1.2800 mark. In the near term future, the rate was expected to test the resistance of the December high level zone at 1.2835/1.2853 and the weekly R1 simple pivot point at 1.2840. If the USD/CAD pair reaches above the 1.2853
The GBP/JPY currency exchange rate broke the triangle pattern and surged to the resistance of the December 8 high level, which caused a decline. On Tuesday morning, the decline reached the support line of the December low level connecting trend line, and the rate recovered to the combined resistance of the 50 and 200-hour simple moving averages. If the rate reaches
On Tuesday morning, the decline of the AUD/USD found support below the 0.7100 mark. Namely, the 0.7091/0.7097 zone provided support for a recovery. By 09:00 GMT, the rate had reached above the 200-hour SMA at 0.7110 and the weekly simple pivot point at 0.7121. A continuation of the surge of the pair could encounter resistance in the 50-hour simple moving average
The EUR/JPY currency exchange rate has been trading above the support of the 128.00 level since Monday's trading hours. Meanwhile, resistance was being provided by the weekly simple pivot point at 128.33 and the 50-hour simple moving average near 128.20. If the pair declines below the 128.00 mark, it could look for support in the Friday low level at at
In general, since mid-Thursday, the price for gold has been fluctuating between round price levels. Namely, the 1,780.00 mark acted as resistance and the 1,775.00 and 1,770.00 are acting as support. It can be expected that the bullion continues to be impacted by price levels. If the price continues to decline, it would eventually reach the December low levels at 1,762.20/1,763.80.
The 200-hour simple moving average has provided enough support for a surge to start. Namely, the rate is once again approaching the resistance zone at 113.88/113.97. A passing of the high level zone at 113.88/113.97 might result in a surge to the weekly R2 simple pivot point at 114.53. However, note that the 114.00 and 114.50 levels might act as resistance. Meanwhile,
The situation on the GBP/USD chart has remained unchanged. The pair remains between the resistance of the 50 and 100-hour simple moving averages near 1.3210 and 1.3230 and the weekly S1 simple pivot point at 1.3167. The GBP/USD rate would most likely decline, if it passes the support of the weekly S1 simple pivot point. A move below the pivot point
The EUR/USD passed the support of the 50, 100 and 200-hour simple moving averages on Thursday. By the middle of Friday's trading, the pair had reached below 1.1270. A continuation of the decline might find support in the weekly S1 simple pivot point at 1.1242 and the support zone of the low levels at 1.1228/1.1236. Further below, note the
The recovery of the US Dollar against the Canadian Dollar has reached a resistance zone. Namely, the previous low level zone at 1.2713/1.2730 kept the pair down from Thursday evening up to the middle of Friday. A move above the resistance zone would most likely find resistance in the 200-hour SMA and the weekly S1 simple pivot point near 1.2750. Above
On Friday morning, the GBP/JPY pair passed the resistance of the 50-hour SMA and the weekly simple pivot point near 150.00. However, the surge stopped. After a review, it was discovered that the this week's high and low levels can be connected to reveal a triangle pattern. Namely, the rate's surge was stopped by the upper trend line of the
On Thursday, the AUD/USD booked a new December high level before retreating to the 0.7140 level. Since the middle of Thursday's trading, up to the middle of Friday, the rate traded between the 0.7140 and 0.7160 levels. It appeared that the AUD was consolidating its gains against the USD, which were achieved since the finding of support at the 0.7000