The Australian Dollar fell by 95 pips or 1.22% against the US Dollar on Tuesday. A breakout through the lower boundary of an ascending channel occurred during yesterday's trading session.
The single European currency plummeted by 91 pips or 0.69% against the Japanese Yen on Tuesday. The currency pair breached the 50– and 200– hour SMAs during Tuesday's trading session.
The resistance of the 1,790.00 level was enough for the metal's price to decline and break the ascending channel up pattern, which has guided the rate since April 14. In addition, the price had passed the support of the 55-hour SMA before finding support in the 1,765.00 level. During the second half of Tuesday's GMT trading hours, the price was expected
The support of the 108.00 level held out during three attempts of the pair to pass it. On Tuesday, the USD/JPY rate surged above the levels near 108.35 and tested the resistance of the 55-hour simple moving average near 108.50. In the near term future, another test of the support of the 108.00 level was expected to occur, as during the
In the aftermath of passing the 1.4000 mark, the GBP/USD found resistance in the 1.4010 level. On Tuesday, a retracement back down was taking place. It was spotted at mid-day that the 1.3950 mark was providing support. If the 1.3950 provides enough support for a renewal of the surge, the pair should test the 1.4000 mark, the mentioned 1.4010 level and
The surge of the EUR/USD eventually reached the resistance of the 1.2080 mark and the weekly R2 simple pivot point at 1.2075. Afterwards, the rate declined and reached the support of the weekly R1 simple pivot point at 1.2032. In the near term future, it was expected that the pair could test the resistance of the 1.2080 mark. If the 1.2080
The US Dollar surged by 68 pips or 0.55% against the Canadian Dollar on Monday. The currency pair tested the upper line of a descending channel pattern during Monday's trading session.
The British Pound has edged higher by 195 pips or 1.30% against the Japanese Yen since yesterday's trading session. The currency pair breached the weekly R2 at 151.69 on Tuesday morning.
Upside risks have dominated the Australian Dollar against the US Dollar since yesterday's trading session. The AUD/USD currency pair has surged by 96 pips or 1.25% during this short period.
The common European currency has surged by 80 pips or 0.62% against the Japanese Yen since yesterday's trading session. Bullish traders were unable to break the 130.54 level.
By the middle of Monday's European trading hours, the yellow metal's price had reached the 1,790.00 level. Since passing the 1,750.00 level on Thursday, the price had been gradually climbing. In the near term future, the surge was expected to test the resistance of the 1,800.00 mark. If the metal manages to pass the 1,800.00 level, the price could extend its
On Monday morning, the USD/JPY dropped below the support of the 108.63 level, which kept the rate up during the last week. This resulted in a sharp move down that by the middle of Monday's trading reached the 108.00 mark. In the near term future, the rate was expected to consolidate by retracing back up to the resistance levels near 108.35
On Monday, the GBP/USD started the week with an extension of Friday's surge. Namely, the rate confirmed previous resistance near 1.3800 as support and resumed the surge that started just before mid-day on Friday. In the near term future, the rate was expected to continue to surge, as it had passed the resistance near 1.3900. Next target for a surge was
At the start of Monday's trading, the EUR/USD started a surge, which by the middle of the day had almost reached the 1.2050 mark. The surge started in the aftermath of the rate finding support in the zone below the 1.1950 mark. In the case of the surge continuing, the pair could find resistance in the weekly R2 simple pivot
The US Dollar has declined by 80 pips or 0.63% against the Canadian Dollar since last Friday. The currency pair breached the support level at 1.2487 during the London session on Monday.
Upside risks dominated the GBP/JPY currency pair on Friday. As a result, the Great British Pound surged by 110 pips or 0.74% against the Japanese Yen during Friday's trading session.
The Australian Dollar has declined by 45 pips or 0.58% against the US Dollar since Friday's trading session.
The Eurozone single currency has declined by 82 pips or 0.63% against the Japanese Yen since Friday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern during the Asian session on Monday.
The yellow metal's price has reached above the March high level zone that was located above the 1,755.00 level. On Friday, the price found support in the 1,760.00 level. Due to that reason the zone was extended and remains on the chart, as it is expected that it would provide support. In the meantime, the metal had faced and bounced off
The decline of the USD/JPY almost reached the 106.60 level, before recovering. During the early hours of Friday's trading, the pair was aiming at the resistance of the 109.00 level. At the 109.00 level, a resistance zone starts. The zone previously provided support at the start of April and afterwards provided resistance during this week. In addition, note that the 100-hour
The USD/CAD currency pair bounced off a support level at 1.2487 during Thursday's trading session. As a result, the US Dollar surged by 75 pips or 0.60% against the Canadian Dollar on Thursday.
After many attempts to pass the 1.3800 level and the zone above it, the GBP/USD currency exchange rate eventually declined. During the early hours of Friday's trading hours, the rate had reached the support of the zone near the 1.3720 mark. This zone had provided minor impact throughout April. If the zone continues to provide support, the rate could either trade
Instead of surging to the 1.2000 level the EUR/USD declined to the support of the 55-hour simple moving average. Moreover, at the start of Friday's GMT trading hours, the rate passed the support of the SMA. During the early hours of the day, the rate traded below the combined resistance of the 55-hour SMA and the weekly R1 simple pivot
The British Pound traded with low volatility against the Japanese Yen on Thursday. The GBP/JPY currency pair declined by 46 pips or 0.31% during yesterday's trading session.