The price for an ounce of gold remains near levels that were reached during early Tuesday's trading. In general, the price fluctuates between 1,820.00 and 1,830.00. Meanwhile, it appears that the 50-hour simple moving average does not impact the rate. A decline is expected to look for support in the low level zone at 1,805.00/1,808.00. Afterwards, the 1,800.00 mark is
In the aftermath of the Monday's drop, the USD/JPY appears to have stabilized in the 148.75/149.30 range. Namely, the pair trades around 149.00. Meanwhile, the Bank of Japan has not confirmed involvement in the currency market. Moreover, the Finance Ministry has refused to comment on the move. In the case of a resumption of the prior surge, the combination of
The GBP/USD currency exchange rate has reached the 1.2040 level, which served as support. The reaching of the new low level was followed by a steep recovery of the pair. By mid-Wednesday, the rate was approaching the 200-hour simple moving average near 1.2170. A move above 1.2170 could face the combined resistance of the weekly simple pivot point, the 1.2200
The support of the 1.0450 mark was enough to cause a recovery of the Euro against the US Dollar. The rat has reached above the resistance of the weekly S1 at 1.0486, the 50-hour simple moving average and the 1.0500 mark. At mid-day on Wednesday, the pair faced the 100-hour simple moving average at 1.0525. A move above the 100-hour
The price for gold eventually found resistance at 1,880.00, which was strong enough to cause a decline that passed below 1,860.00. On Tuesday, the commodity price had already reached the 1,820.00 mark. An extension of the decline is expected to look for support in the low level zone at 1,805.00/1,808.00. Afterwards, the 1,800.00 mark is most likely going to act
The USD/JPY reached the 150.00 mark at mid-day on Tuesday. The 150.00 level is where the markets expected the Bank of Japan to intervene and beat the rate down. As soon as the rate pierced the 150.00 mark a massive sell off started. It is unclear whether it was caused by market participants or the Japanese Central Bank. The drop
The GBP/USD has continued its decline and reached below the 1.2100 mark. Moreover, on Tuesday the 1.2100 level appeared to have turned into resistance. A continuation of the ongoing decline could look for support in the lower trend line of the channel down pattern and the weekly S2 simple pivot point at 1.2031. In the case of a GBP recovery against
The resistance of the 200-hour simple moving average was enough for the EUR/USD to resume its decline. The decline was slowed down only by the combination of the 50 and 100-hour SMAs and the weekly S1 simple pivot point at 1.0486. On Tuesday, the pair reached the 1.0450 level. The decline of the Euro against the US Dollar is expected
As it was speculated, the price for gold found support in a round price level. That level turned out to be the 1,860.00 level. The support was enough to cause a recovery up to the resistance of the 50-hour simple moving average and the 1,875.00 level. A move above 1,875.00 could result in the commodity price almost immediately encountering resistance
The resistance of the 149.50 level eventually was enough for the USD/JPY to cause a sharp decline. The decline eventually reached the 148.50 level and the 200-hour simple moving average. The support was enough to cause a recovery to the 100-hour SMA and the 149.00 level. A move above the 100-hour SMA and the weekly R2 simple pivot point at
The recovery of the Pound against the US Dollar has reached the resistance of the 200-hour simple moving average near 1.2250. A move above the 200-hour simple moving average would result in the currency pair testing the resistance of the upper trend line of the channel down pattern. If the pattern is broken, the rate should approach the combination
The EUR/USD currency exchange rate has extended its recovery. On Friday, the rate was heading to the upper trend line of the channel down pattern. However, it was slowed down by the 200-hour simple moving average near 1.0620. A move above 1.0620 is expected to face the resistance of the upper trend line of the channel down pattern. In the
Gold has extended its decline. Moreover, it has broken the channel down pattern. By mid-Thursday it appeared that the commodity price could reach the 1,850.00 level. In general, the metal's price has not been this low since March. The ongoing decline could look for support in the February and March low levels at 1,805.20/1,808.90. However, the 1,850.00 mark or
The USD/JPY has surged more than expected. Moreover, the pair has broken the channel up pattern's resistance line. On Wednesday, the rate encountered resistance at 149.70, before starting a retracement down. On Thursday, the currency exchange rate was finding support in the weekly R2 at 149.18 and the 50-hour simple moving average. A resumption of the surge is expected to
The support of the channel down pattern has caused a recovery of the GBP/USD currency pair. During the second part of Thursday's trading, the rate was trading around the 1.2200 mark. A continuation of the ongoing Pound's recovery against the US Dollar could stop at the 1.2250 mark, which is strengthened by the 200-hour simple moving average. In addition,
The EUR/USD has started a recovery from the combined support of the 1.0500 mark and the lower trend line of the channel down pattern. During the early hours of Thursday's US trading, the pair had reached the 1.0570 level. A potential surge of the pair is expected to face resistance of the 100-hour simple moving average at 1.0570, the weekly
Gold has extended its decline. For a short period, the 1,900.00 mark held, but eventually the commodity declined as low as 1,890.00. Next target for the price decline is the lower trend line of the channel down pattern. Although, it is highly likely that the price will reveal new support levels near round prices. Meanwhile, a recovery of the metal's
The USD/JPY consolidated above the 148.80 level and the weekly R1, as it was approached by the support of the 50-hour simple moving average. The SMA managed to push the rate higher and through the weekly R2 simple pivot point's resistance at 149.18. Note that the pivot point might have failed due to the consolidation and the fact
The pair has been declining by closely trailing the lower trend line of the channel down pattern. Throughout the first part of Wednesday's trading, the trend line kept the rate up. Eventually, the decline of the Pound against the US Dollar might find support and start a recovery. A potential recovery could face resistance in the weekly S1 simple
As the EUR/USD rate was being approached by the resistance of the 50-hour simple moving average, the rate resumed its broader decline. By mid-Wednesday, the currency pair had reached below the support of the 1.0550 level and the weekly S2 simple pivot point at 1.0543. A continuation of the decline is set to look for support in the 1.0500 mark,
The price for gold has passed below 1,915.00 and 1,910.25 levels. On Tuesday, the commodity price had reached the support zone below 1,905.00 In the case of a recovery of the commodity the metal's price is set to face resistance in the 1,910.25 and 1,915.00 level, before approaching the upper trend line of the channel down pattern. Higher above, take
On Tuesday, the USD/JPY hit the combined resistance of the upper trend line of the channel up pattern and the weekly R2 simple pivot point at 149.17. The resistance caused a retracement down to the support of the weekly R1 at 148.76. A move below 148.76 could find support in the 50-hour simple moving average near 148.60. Further below,
The GBP/USD has reached the support of the weekly S1 simple pivot point at 1.2170. A recovery from the 1.2170 level could encounter resistance in the 1.2200 mark and the 50-hour simple moving average near 1.2220. Higher above, note the 1.2250 level and the 100-hour simple moving average. However, in the case of a resumption of the decline of the
Since Monday, the EUR/USD has traded near the 1.0600 mark. Despite passing below support levels, the rate did not decline further. In general, previous scenarios remain valid. The next target for the decline could be the combination of the 1.0550 level and the weekly S2 simple pivot point at 1.0543. Further below note the 1.0500 mark and the lower trend