On Friday, the British pound fell by 75 pips or 0.49% against the Japanese Yen. The decline was stopped by the 50– hour simple moving average during Friday's trading session.
On Friday, the Australian Dollar declined by 61 pips or 0.82% against the US Dollar. The AUD/USD currency pair breached the 50– and 200– hour SMAs during Friday's trading session.
On Friday, the Eurozone single currency declined by 47 pips or 0.36% against the Japanese Yen. The 50– hour simple moving average pressured the exchange rate lower during Friday's trading session.
The yellow metal's price passed the resistance of the 1,800.00 level on Friday morning. The 1,800.00 kept the rate from surging since the start of September 8. However, the price almost immediately found resistance in the 100-hour simple moving average near 1,805.00. In the case that the price passes the 100-hour simple moving average, the bullion could test the resistance of
On Friday morning, the USD/JPY bounced off the combined resistance of the 55, 100 and 200-hour simple moving averages and the 110.00 round exchange rate level. Meanwhile, note that the rate ignored the support and resistance of the weekly simple pivot point at 109.82. In the case that the rate declines, it could look for support near the 109.60 level. A
The GBP/USD passed all technical resistance levels up to the September high level zone. On Friday morning, the rate was testing the resistance of the zone. Future forecasts depended on whether the resistance holds. In the case that the September high zone holds, a potential decline would aim at the weekly simple pivot point at 1.3833. Below the pivot point, the
On Friday morning, the EUR/USD currency exchange rate passed the resistance of the 55, 100 and 200-hour simple moving averages and reached the 1.1850 level. In the near term future, the currency exchange rate could test the resistance of the weekly simple pivot point at the 1.1858 level. Above this level, the pair could test the July and August
On Thursday, the US Dollar declined by 92 pips or 0.72% against the Canadian Dollar. The currency pair tested the lower boundary of an ascending channel pattern at 1.2629 during yesterday's trading session.
On Thursday, the British Pound surged by 59 pips or 0.39% against the Japanese Yen. A breakout occurred through the upper boundary of a descending channel pattern during Thursday's trading session.
On Thursday, the Australian Dollar surged by 37 pips or 0.50% against the US Dollar. The currency pair breached 50– and 200– hour SMAs during Thursday's trading session.
On Friday, the common European currency declined by 54 pips or 0.42% against the Japanese Yen. The currency pair tested the lower line of an ascending channel pattern at 129.69 during Thursday's trading session.
The yellow metal's decline eventually found support in a zone that is located just below the 1,785.00 level. Meanwhile, it was spotted that the pair has been finding resistance in a zone just above the 1,800.00 mark. In the near term future, the metal could trade sideways between the mentioned 1,785.00 and 1,800.00 levels until it is approached by the
Wednesday's decline of the USD/JPY currency exchange rate continued on into Thursday's early trading hours. By the middle of the day's European trading hours, the pair had reached below the 110.00 mark and the weekly simple pivot point at 109.92. A potential target for the decline was the 109.60 level, which provided the pair with support on September 3. However, the
On Wednesday, the GBP/USD found support in the 1.3730 level and started a surge. The surge ignored most technical levels or broke their resistance with ease. By the middle of Thursday's European trading hours, the rate had reached the 100-hour simple moving average near 1.3810. If the pair passes the resistance of the 100-hour simple moving average, it would first aim
The decline of the EUR/USD continued on Wednesday, as the rate eventually reached the support of the weekly S1 simple pivot point at 1.1806. However, after touching the pivot point, the pair recovered to the 1.1830 level. Up to the middle of Thursday's trading, the EUR/USD has been fluctuating sideways between the 1.1810 and 1.1830 levels. In the case that
The USD/CAD currency pair continued to trend higher in a narrow ascending channel pattern. The currency pair tested the 1.2750 level during yesterday's trading session.
The British pound declined by 51 pips or 0.33% against the Japanese Yen on Wednesday. The currency pair breached the 200– hour simple moving average during yesterday's trading session.
On Wednesday, the Australian Dollar declined by 45 pips or 0.61% against the US Dollar. The currency pair breached a support level formed by the 200– hour simple moving average during yesterday's trading session.
On Wednesday, the common European currency fell by 45 pips or 0.35% against the Japanese Yen. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session.
At mid-day on Tuesday, the price for gold reached below the 1,800.00 level. During early Wednesday's trading, the rate was fluctuating in the 1,795.00/1,800.00 range. It could be observed that round price levels were impacting the metal. If the metal manages to pass the resistance of the 1,800.00 level, a surge could find resistance in the 200-hour simple moving average near
The USD/JPY managed to pass the 110.00 level and surged on Tuesday. During the surge, the rate passed the resistance of the 110.25 level and the weekly R1 simple pivot point. On Wednesday morning, the surge had touched the 110.45 level before the rate retraced back down. If the decline of the pair continues, the rate could look for support
On Wednesday morning, the GBP/USD currency exchange rate passed the support of the 1.3770/1.3785 zone. The zone had kept the rate from declining since the middle of Tuesday's trading. In regards to the near term future, the currency exchange rate was expected to decline to the support of the weekly S2 simple pivot point. However, support could be provided by the
On Tuesday, the EUR/USD eventually passed the support of the weekly simple pivot point at 1.1858. By the middle of Wednesday's European trading hours, the pair had reached the 1.1830 level. In the case that the decline of the EUR/USD continues, the currency exchange rate would most likely aim at the weekly S1 simple pivot point at the 1.1806 level.
Upside risks dominated the USD/CAD currency pair on Tuesday. As a result, the US Dollar edged higher by 132 pips or 1.06% against the Canadian Dollar during yesterday's trading session.