During the first half of Friday's trading session, The British Pound declined by 58 pips or 0.42% against the US Dollar. However, the exchange rate rebounded at the end of the day.
On April 23, the common European currency surged by 88 pips or 0.73% against the US Dollar. The currency pair breached the resistance level at 1.2080 during Friday's trading session.
The high levels from 1,790.00 to 1,800.00 have been marked in a resistance zone, as it has held throughout this week. On Friday, the rate passed the support levels of the 55 and 100-hour simple moving averages, which previously provided support. The decline of the metal had no support as low as the 1,765.00 mark and the 200-hour simple moving average
The USD/JPY managed to pass the support of the 107.80/108.00 zone. This resulted in a sharp drop to the 107.50 level. However, the support of the 107.50 managed to hold and immediately cause a surge. The surge was much sharper than the drop and in less than two hours had almost reached the 108.20 level, ignoring all the levels that
On Friday, the GBP/USD currency exchange rate began to trade sideways between the support of the 200-hour simple moving average at 1.3855 and the resistance of the 55-hour SMA at 1.3893. In the case of the rate breaking out of the squeeze to the downside, the rate would most likely look for support first in the 1.3800 level and afterwards
The EUR/USD found support in the zone of the mid-April high levels before starting a surge. By the start of the Friday's US trading hours, the currency exchange rate had already reached the resistance of the weekly R2 simple pivot point, which reversed the rate's surge on April 20. In the near term future, if the pair passes the resistance
The US Dollar declined by 38 pips or 0.30% against the Canadian Dollar on Thursday. The USD/CAD currency pair found support at 1.2476 during yesterday's trading session.
The British Pound declined by 128 pips or 0.95% against the Japanese Yen on Thursday. The GBP/JPY currency pair tested the 149.45 level during yesterday's trading session.
The Australian Dollar fell by 58 pips or 0.74% against the US Dollar on Thursday. The currency pair breached the 50– and 200– hour SMAs during Thursday's trading session.
The common European currency declined by 63 pips or 0.48% against the Japanese Yen on Thursday. The currency pair tested the support level at 129.66 during Thursday's trading session.
The yellow metal made two attempts to reach the resistance of the 1,800.00 level. Both of them failed. On Thursday, the rate was declining, as by the middle of the day's European trading hours, the rate had almost reached the 55 and 100-hour simple moving averages. If the 55 and 100-hour simple moving averages provide enough support, the commodity price could
The USD/JPY continued to trade between the weekly S2 simple pivot point's support and the resistance of the 55-hour simple moving average. However, the situation had changed, as the rate was now piercing the support level and not the resistance. Namely, a decline was more possible than a surge. In the case of the support of the weekly S2 simple pivot
During the first half of Thursday's European trading, the GBP/USD currency exchange rate remained below the resistance of the 55-hour simple moving average. In the meantime, it was spotted that the rate was finding support in the 1.3900 mark. In the case of the 1.3900 level failing to continue to provide support, the GBP/USD would most likely decline to the 1.3850
EUR/USD currency exchange rate found support in the 100-hour simple moving average on Wednesday and began a recovery. By the middle of Thursday's trading, the pair continued to be pushed up by the 100-hour SMA. In the near term future, the rate was expected to once again test the resistance of the 1.2080 level and the weekly R2 simple pivot
On Wednesday, the Bank of Canada made a rate statement, which created a long-unseen move. As a result, the US Dollar plunged by 170 pips or 1.36% against the Canadian Dollar.
During the first half of Wednesday's trading session, the British Pound declined by 78 pips or 0.51% against the Japanese Yen. However, the currency pair rebounded from a support line at 150.25 at the end of the day.
The Australian Dollar surged by 59 pips or 0.76% against the US Dollar on Wednesday. The currency pair tested a resistance level at 0.7760 during yesterday's trading session.
The common European currency rose by 42 pips or 0.32% against the Japanese Yen on Wednesday. The surge was stopped by the 50– hour simple moving average during yesterday's trading session.
As forecast, the yellow metal's price has once again approached and tested the resistance of the 1,790.00 level. Namely, the price bounced off the resistance even before it approached it. During the early hours of Wednesday's trading, the price had retraced to the support of the 55-hour simple moving average. In the near term future, the price was either going to
During Wednesday's Asian trading session, the USD/JPY managed to pierce the support of the 108.00 level. However, it did not result in a larger decline, as almost immediately the rate reversed from the support of the weekly S2 simple pivot point at 107.88. In the meantime, the currency exchange rate appeared to still find resistance in the 55-hour simple moving
During the European night and Asian trading hours, the GBP/USD currency exchange rate retreated below the support of the 55-hour simple moving average. Afterwards, up to the middle of the day, the SMA was providing the pair with resistance. If the rate bounced off properly from the resistance of the 55-hour simple moving average, it would most likely look for support
By the middle of Wednesday's European trading hours, the EUR/USD currency exchange rate had declined to the support of the 100-hour simple moving average and the 1.2000 mark. In the near term future, if the rate passes the support of the 1.2000 level, it would look for support in the March and April high level zone that surrounds the
Upside risks dominated the US Dollar against the Canadian Dollar on Tuesday. The USD/CAD currency pair edged higher by 137 pips or 1.10% during yesterday's trading session.
Downside risks dominated the British Pound against the Japanese Yen on Tuesday. The GBP/JPY exchange rate declined by 130 pips or 0.86% during Tuesday's trading session.