The US Dollar surged by 38 pips or 0.31% against the Canadian Dollar on Monday. The currency pair breached the 50– and 200– hour SMAs during the London session on Tuesday.
The British Pound surged by 75 pips or 0.50% against the Japanese Yen on Monday. However, the currency pair languished below a resistance level at 150.72 during yesterday's trading session.
The Australian Dollar surged by 32 pips or 0.42% against the US Dollar on Monday. The surge was stopped by a resistance cluster at the 0.7630 area during Monday's trading session.
The Eurozone single currency declined by 64 pips or 0.49% against the Japanese Yen on Monday. The exchange rate breached the 50– and 200– hour SMAs during yesterday's trading session.
The price for gold started the week by trading below the resistance of the 55 and 100-hour simple moving averages and the 1,745.50/1,747.50 zone. If the mentioned resistance levels force the price into a decline, the commodity price could look for support in the 1,735.00 and 1,730.00 levels. Afterwards, the support of the 200-hour simple moving average near 1,725.00 might keep
The recovery of the USD/JPY encountered resistance just below the 110.00 mark. The resistance zone below the 110.00 level kept the rate down during the previous week. On Monday, the currency exchange rate declined and reached the support of the previously passed zone above the 109.20 level. In the case of the rate passing the 109.20 level, the pair could once
On Monday morning, the GBP/USD once again found support in the March and April low levels at 1.3670. It resulted in a surge, which passed the resistance of the 55-hour simple moving average and the resistance zone above the 1.3720 level. In the near term future, the rate was expected to test the combined resistance of the weekly simple pivot point
The EUR/USD started the week by once again confirming the support of the 1.1890/1.1870 zone. It was followed up by another surge, which could test the resistance of the March 22 high levels near 1.1940. In the case of the 1.1940 level failing, the currency exchange rate would most likely extend its surge and reach for the 1.2000 level. On
The US Dollar declined by 82 pips or 0.65% against the Canadian Dollar on Friday. The currency pair tested the lower boundary of a descending channel pattern during Friday's trading session.
The GBP/JPY currency pair bounced off a support level at 149.65 on Friday. As a result, the British Pound surged by 128 pips or 0.85% against the Japanese Yen during Friday's trading session.
The Australian Dollar declined by 63 pips or 0.83% against the US Dollar on Friday. The currency pair tested the lower boundary of an ascending channel pattern during Friday's trading session.
The common European currency surged by 46 pips or 0.36% against the Japanese Yen on Friday. The currency pair tested the 130.60 level during the Asian session on Monday.
The US Dollar declined by 67 pips or 0.53% against the Canadian Dollar on Thursday. The currency pair breached the 50– and 200– hour simple moving averages during yesterday's trading session.
During the late hours of Thursday's trading, the price for gold reached above the 1,755.00 level, which is the high level of March. However, a follow up surge did not occur. Instead, the commodity price declined after sideways trading in the 1,755.00 and 1,759.00 zone. Due to that reason this zone is now marked on the chart as a potential
The Pound Sterling has continued to edge lower against the Japanese Yen since this week's trading sessions. The currency pair declined by 105 pips or 0.70% during Thursday's trading session.
On Thursday, the currency exchange rate declined below the zone of 109.38/109.23. It eventually found support in the 109.00 level and started a recovery. During the morning hours of Friday's European trading, the USD/JPY had almost reached the resistance of the 109.60 level and the 55-hour simple moving average. If the SMA and the 109.60 level provide resistance, the pair could
On Thursday, the support of the 55-hour simple moving average managed to push the EUR/USD up, as just before mid-day the rate started a surge. However, on Friday morning the rate bounced off the 1.1920 level and retraced back to the combined support of the 55-hour SMA and the zone near 1.1880. If the 55-hour SMA and the 1.1880 support
During the early hours of Friday's trading, the GBP/USD passed the support zone above the 1.3720 level. This support kept the rate up since the middle of Wednesday's trading. The failing of the support resulted in a sharp move down. In the near term future, the rate was expected to test the support of the March low levels in the 1.3670/1.3675
The Australian Dollar rose by 54 pips or 0.71% against the US Dollar on Thursday. The surge was stopped by a resistance line at the 0.7660 level during yesterday's trading session.
During the first half of Thursday's trading session, the Euro declined by 70 pips or 0.54% against the Yen. However, the currency pair rebounded from a support level at 129.65 at the end of the day.
As expected, the yellow metal found support in the 55-hour simple moving average, which pushed the rate into another test of the resistance zone that is located above the 1,745.00 mark. By the middle of Thursday's GMT trading hours, a test of the resistance zone was ongoing. If the SMA provides enough support for the price to push through the resistance
During early hours of Thursday's trading, the USD/JPY ended trading sideways between two zones. The end of the consolidation was caused by the catching up of the 55-hour simple moving average from above. The SMA provided the rate with resistance, which was strong enough to push the rate through the support of the 109.60 level. In the near term future, the
On Wednesday, the resistance of the 55 and 100-hour simple moving averages was enough for the rate to decline and break the channel up pattern. Moreover, the weekly S1 simple pivot point was ignored during the decline. In the meantime, it was spotted that the 1.3720/1.3725 zone was providing the currency exchange rate with support. The GBP/USD could trade above
The EUR/USD pierced the resistance zone near the 1.1880 level. However, the following surge was stopped by the 1.1915 level and the rate retraced back down to look for support. The needed support to resume the surge could be provided by the 55-hour simple moving average, which on Thursday had reached above the 1.1860 level. In the near term future,