On Wednesday, Euro edged lower by 79 pips or 0.65% against the US Dollar. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session.
During yesterday's trading session, the precious metal soared by 272 pips or 1.46% against the US Dollar. The exchange rate breached the resistance level at 1890.00 on Tuesday.
The US Dollar declined by 30 pips or 0.27% against the Japanese Yen on Tuesday. The currency pair breached the 55– and 100– hour SMAs during Tuesday's trading session.
On Tuesday, the British Pound declined by 78 pips or 0.55% against the US Dollar. The GBP/USD currency pair breached the 1.4120 level during Tuesday's trading session.
On Tuesday, the Eurozone single currency surged by 36 pips or 0.29% against the US Dollar. The currency pair tested the 1.2260 level during yesterday's trading session.
Since yesterday's trading session, the US Dollar has edged lower by 52 pips or 0.43% against the Canadian Dollar. The currency pair breached the 50– hour simple moving average on Monday.
The British Pound has surged by 53 pips or 0.35% against the Japanese Yen since yesterday's trading session. The currency pair tested the upper line of a descending channel pattern during the London open on Tuesday.
The AUD/USD exchange rate rebounded from the support line at 0.7712 during Monday's trading session. As a result, the Australian Dollar surged by 46 pips or 0.59% against the US Dollar on Monday.
The EUR/JPY currency pair bounced off the support level at 132.51 on Monday
On Monday, Gold edged lower by 133 pips or 0.72% against the US Dollar. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.
On Monday, the US Dollar declined by 27 pips or 0.25% against the Japanese Yen. The currency pair was pressured lower by the 55– and 100– hour SMAs during yesterday's trading session.
The GBP/USD currency pair bounced off a support level formed by the 200– hour simple moving average at 1.4130 on Monday.
During Monday's trading session, the EUR/USD currency pair surged by 47 pips or 0.39%. The exchange rate breached the 55– and 100– hour simple moving averages on Monday.
The US Dollar soared by 59 pips or 0.49% against the Canadian Dollar on Friday. The surge was stopped by the 50– hour simple moving average during Friday's trading session.
The British Pound edged lower by 58 pips or 0.37% against the Japanese Yen on Friday. The currency pair breached a support cluster at the 154.20 level during Friday's trading session.
The Australian Dollar declined by 60 pips or 0.77% against the US Dollar on Friday. The AUD/USD currency pair breached the 50– and 200– hour SMAs during Friday's trading session.
The common European currency declined by 60 pips or 0.45% against the Japanese Yen on Friday. The currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.
The XAU/USD exchange rate fell by 124 pips or 0.66% during Friday's trading session. The decline was stopped by the 100– hour simple moving average on Friday.
The US Dollar rose by 37 pips or 0.34% against the Japanese Yen on Friday. The surge was stopped by the 50– and 100– hour SMAs during Friday's trading session.
During Friday's trading session, the British Pound declined by 83 pips or 0.58% against the US Dollar. The currency pair breached the 50– and 100– hour SMAs on Friday.
The Eurozone single currency declined by 77 pips or 0.63% against the US Dollar on Friday. The decline was stopped by the 200– hour simple moving average during Friday's trading session.
First of all, note that after breaking the resistance of the 1,875.00 level, the yellow metal's price has been ignoring this level. It does not provide support or resistance. In the meantime, since Wednesday, the price has been fluctuating in a symmetrical triangle pattern. In theory, the metal's price should reduce volatility in the borders of the pattern until a
The 108.80 level did not manage to provide support to the USD/JPY currency exchange rate during Thursday's and Friday's trading hours. On Friday morning, the rate clearly passed below the 108.80 level, as the 108.70 mark was touched. In the near term future, the decline of the rate could reach the 108.60 level, which reversed the highly volatile Wednesday's decline. If
On Friday morning, the GBP/USD currency exchange rate reached the resistance of the 1.4200 level. The 1.4200 mark caused a decline on Wednesday, which reached the 1.4100 level. The near term future forecasts were based upon whether or not the 1.4200 level provides resistance. If the GBP/USD passes the resistance of the 1.4200 mark, the pair would test the resistance