CAD/JPY has experienced quite a few jumps over the last two decades, but somehow managed to almost always keep the 73.20 level beneath, revisiting it from time to time. The pair squeezed out its all time highs in 2007, followed by a 46 percent aggregate sell-off over the next two years. After erasing some of the losses with a tap
The US Dollar continued its surge against the Canadian Dollar on Tuesday, as the currency exchange rate reached for the weekly R1 at 1.3130.
On early Tuesday morning, the bullion had almost touched the weekly PP at 1,333.94. However, the yellow metal remains squeezed in
The latest attempt of USD/JPY to recover was denied by 102.70, where the weekly pivot point merges with the 55-day SMA, and we are again below the monthly PP.
As expected, the currency pair rebounded after approaching the lower bound of the five-week channel.
The most traded currency pair on the market remained flat on Tuesday morning, as the markets expect new data about the strength of the underlying economies.
The US Dollar continued to score gains on Monday against the Canadian Dollar, as the currency exchange rate traded above the 1.31 mark by 11:15 GMT.
EUR/JPY opened with a dip on Monday, proving 114.39 to be a hurdle likely to stay unbroken
EUR/NZD movements have been carried by a downtrend serving as significant support for 18 years already. The line is likely to prove its dominance once again over the next year or two. A line that is bound to put up a battle over the upcoming weeks is the 1.5110 demand level, which had left its mark on the pair's movements
The broadening wedge established by AUD/USD over the recent months transformed to obtain more channel-like forms, testing 0.7521, the lower trend-line, at the moment.
Although there has just been a test of the upper bound of the 10-month channel, the pair does not seem keen to leave its vicinity.
The Cable keeps retreating after it topped out at 1.3450, and the rate is likely to fall some 70 pips more before we see a recovery back to the upper bound of the channel.
On early Monday morning the yellow metal found support in the monthly PP at 1,326.43 and had moved slightly higher.
The common European currency started a new week against the US Dollar at 1.1234, which is slightly above the weekly pivot point at 1.1233. Due to that, the pair is most likely to surge during Monday's trading session
The New Zealand Dollar depreciated against the US Dollar by mid Friday below the level of 0.7370, where the last notable support level is located at before the 0.73 mark.
The US Dollar is surging against the Canadian Dollar on Friday, as the currency exchange rate managed to break through a strong resistance cluster from 1.2933 to 1.2949 by midday during Friday's trading session.
The senior downtrend AUD/USD has been respecting for three and a half years already just proved its dominance by denying access to levels on the other side.
EUR/JPY did not slope under the significant 114.36/42 level, where the monthly Pivot Point, the weekly S1, the 38.20% Fibonacci retracement from the Brexit dive and 55-day SMA combine their strength to provide enough demand to offset a further sell-off.
EUR/SEK lost 29 percent over the 2008-2013 period, went on to form a channel up to surge two and a half years, just to fail at the 9.5642 level. The pair has proven this level to have too much supply pressure and has led it to bounce between the aforementioned mark and 9.1776 for almost two years already, forming a
GBP/AUD left the seven-year channel-like down trend amid the 2008 global financial crisis, recessing into an all time low territory in 2012-2013 which resulted in a 50 percent loss of value altogether. An ascending channel then led the 53 percent surge that helped recover the six-year losses, but not for long, as the uptrend proved to be unsustainable and a
Although yesterday in the morning the upside seemed limited, the price managed to mount 102 yen, thus closing above the monthly PP and alleviating some downward pressure.
The Sterling stabilised yesterday between the 23.60% retracement of the post-Brexit-vote sell-off and the falling trendline that was broken during the second half of the previous week.
Gold traded just above the support cluster above 1,335 level on Friday morning due to a failure to break through a resistance cluster on Thursday.
The common European currency appreciated against the US Dollar on early Friday morning.