Since early Wednesday's trading, the USD/JPY currency exchange rate has been trading between the 123.50 and 124.00 levels. However, on Thursday, the 50-hour simple moving average has caught up with the rate and might push the USD/JPY up. If the pair declines below the 123.50 level and the 50-hour simple moving average near 123.70. Further below, the 123.00 mark and the
Since the middle of Tuesday's trading, the GBP/USD currency exchange rate remains in the range between the support zone at 1.3047/1.3057 and resistance at 1.3100/1.3109. Meanwhile, hourly simple moving averages were approaching from above. If the pair declines below 1.3050, the weekly S1 is slightly likely set to act as support at 1.3043. Further below, note the 1.3000 mark, which
Since the start of Wednesday's trading, the EUR/USD has been fluctuating between a resistance zone at 1.0940 and support near 1.0880. However, at mid-day on Thursday, the 1.0880 mark was pierced, as the rate shortly traded below it. Meanwhile, it was observed that the 50-hour simple moving average had caught up with the pair from above and was acting
The US Federal Reserve Meeting Minutes on Wednesday at 18:00 GMT boosted the recovery of the US Dollar against the Canadian currency. By the middle of Thursday's European trading hours, the rate had bounced off the 1.2570 mark and confirmed the 1.2540 level as support. In general, the surge was expected to continue. Next target for the surge would be
Since the start of Wednesday's trading hours, the GBP/JPY currency exchange rate has been trading around the 162.00 mark. The range of volatility has been marked, as resistance and support can be observed. Support is found at 161.43/161.52 and resistance is located at 162.25/162.29. If the rate surges above the 162.30 level, the 162.50 and 162.75 levels might act as resistance,
At the start of Thursday's trading hours, the AUD/USD currency exchange rate reached the late March low level zone, which kept the rate up from March 24 up to April 3. The zone is located at 0.7465/0.7475. If the currency pair declines below the support zone, the pair might look for support in the weekly S1 simple pivot point at 0.7448
On Wednesday, the resistance of the 135.50 mark held and the EUR/JPY pair declined. By the middle of Thursday's trading, the rate had passed the support of the 50-hour simple moving average, the 134.75 mark and was approaching the 134.50 level. If the rate continues to decline, it might encounter support in the April low level at 134.30/134.35. Further
Despite shortly breaking above 1,940.00 mark and touching the 1,945.00 level, the price for gold returned to trade in the previous range between the support zone at 1,916.70/1,921.65 and resistance at 1,940.00. However, during Wednesday's trading, the price was finding resistance in the 200-hour simple moving average above 1,930.00. If the pair surges above the 200-hour simple moving average near 1,930.00,
The resistance of the 123.00 mark was passed at mid-day on Tuesday. By the start of Wednesday's trading, the currency pair had reached the 124.00 level. Afterwards, the USD/JPY pair fluctuated between the support of the 123.50 level and the resistance at 124.00. If the pair declines below the 123.50 level, the rate might find support in the approaching 50-hour simple
At 18:00 GMT on Wednesday, the US Federal Reserve released its Meeting Minutes, which revealed additional details on the world's top central bank's policy. In general, the central bank intends to decrease its balance sheet by $95 billion per month and some officials of the central bank have argued for a 0.50% or 1.00% percent rate hike. The release caused a
On Wednesday, as the US Federal Reserve Meeting Minutes were released at 18:00 GMT, the US Dollar strengthened. In general, the central bank intends to decrease its balance sheet by $95 billion per month and some officials of the central bank have argued for a 0.50% or 1.00% percent rate hike. However, the pair was already declining before, as
The USD/CAD passed previous March low level and hit the 1.2404 level, before recovering. It appeared that there were enough buy orders just above the 1.2400 mark to cause the recovery. In the aftermath of the touching of the low level, the pair sharply recovered until the pair encountered resistance at 1.2500/1.2510 at mid-day on Wednesday. Meanwhile, support appeared to be
At mid-day on Wednesday, the GBP/JPY currency pair reached above the 162.00 mark and shortly used the round exchange rate level as support. If the Pound continues to gain value, compared to the Japanese Yen, the currency pair might encounter resistance in round exchange rate levels as the 162.50, 163.00 and 163.50. Meanwhile, note that the 162.75 level acted as
The surge of the AUD/USD pair, which was caused by the Reserve Bank of Australia, stopped at the 0.7662 level. Afterwards, a decline followed. By the middle of Wednesday's trading, the decline had passed below the weekly R2 simple pivot point at 0.7579 and the 50-hour simple moving average. If the Australian Dollar continues to decline in value against the
During early Tuesday's trading hours, the EUR/JPY currency exchange rate found support in the 134.30 mark. Afterwards, a surge occurred and found resistance in the 135.15/135.30 zone. However, on Wednesday, at 12:00 GMT, the zone was passed, as the rate approached the 135.50 mark and the trend line, which connects the last week's high levels. If the rate reaches above
Since the middle of Monday's trading, the price for gold has been fluctuating around the 1,930.00 mark. In addition, the metal appears to be ignoring the 50, 100 and 200-hour simple moving averages. In general, Monday's forecasts remain actual. If the price for gold surges above the 1,935.00 level, the commodity price could encounter resistance at 1,940.00 and 1,950.00 levels. In
The USD/JPY currency pair has continued to fluctuate almost sideways between the support of the 50, 100 and 200-hour simple moving averages and the 122.50 mark and the resistance of the 123.00 level. If the rate breaks the resistance of the 123.00 mark and the weekly simple pivot point at 123.01, there would be no resistance as high as the
Despite piercing the support of the 1.3100 mark, the GBP/USD did not decline to the support of zone of the last week's low levels at 1.3052/1.3071. Instead, starting from GMT midnight hours to Tuesday, the rate started a surge. By the middle of the day's trading, the rate had broken the resistance of the weekly simple pivot point, the 50,
During the second half of Monday's European trading hours, the EUR/USD broke the channel up pattern, which had guided the rate up throughout March. Moreover, on Tuesday, the lower trend line of the broken channel was confirmed as resistance. In the meantime the breaking of the pattern did not result in a sharp decline, as support was immediately found
On Monday, the USD/CAD confirmed the combination of the 50-hour simple moving average and the 1.2500 mark as resistance. Afterwards, a decline followed. By 08:00 GMT, the currency pair had reached below one of the March low levels at 1.2467. Next targets for the decline were the previous 2022 low level at 1.2450, the weekly S1 simple pivot point at
During the early part of Tuesday's trading hours, the GBP/JPY currency exchange rate initially passed below the support of the 50 and 200-hour simple moving averages and the recent low level trend line. The SMAs had kept the pair up throughout Monday. However, the event was not followed by a sharp decline, as the pair started to recover almost immediately.
On April 5, the Reserve Bank of Australia published its Rate Statement. The central bank kept the Australian base interest rate at 0.10%. Meanwhile, the central bank revealed that due to the ongoing surge in commodity prices, the Australian economy is doing very good. Moreover, inflation remains near normal levels, which indicates that there is no urgent need for monetary tightening. The
On Monday, the EUR/JPY currency pair passed below the support zone at 135.15/135.30. Afterwards, the rate found short term support in the 135.00 and 134.50 level. On Tuesday morning, the rate extended its decline by reaching below the 134.50 mark. If the currency exchange rate continues to decline, support might be found in the combination of the 134.00 mark,
On Monday morning, the price for gold shortly traded below the 1,920.00 mark, before staring a sudden recovery. Namely, by the middle of the day's trading hours, the price for gold surged and reached the 1,935.00 level. Meanwhile, the commodity mostly ignored the support and resistance of the 50, 100 and 200-hour simple moving averages. If the price for gold surges