USD/JPY remained in between the 55– and 200-hour SMAs on Monday.
Despite flashing bearish signals early on Monday, the Sterling managed to maintain its high positioning against the US Dollar and even push higher during the previous session.
The common European currency has been steadily appreciating against the US Dollar for the third consecutive session.
The bullish momentum has guided the New Zealand Dollar up against the US Dollar. By the middle of Monday's trading session, the currency pair has reached the 0.7305 mark.
The Greenback has been trading in a short-term descending channel against the Canadian Dollar. This short-term pattern was formed on April 2 and has since been moving along the channel.
Bears continue their dominance over the AUD/NZD currency pair. As shown on the chart, the Aussie has reached the lower boundary of an ascending channel and could be set for a breakout within this session.
The common European currency continues to trade in a one-week junior ascending pattern against the Japanese Yen.
Gold was trading along a breached trend-line against the US Dollar during Friday's session.
After trading at its March high of 107.50 early on Friday, downside risks took over the market and pushed the pair down to the support of the 100-hour SMA, the 23.60% Fibo retracement and the weekly PP.
The first part of Friday's trading session was spent with no massive changes to the Pound's positioning against the US Dollar, as the pair remained fluctuating slightly above the monthly PP at 1.40.
EUR/USD was trading slightly above the 1.2240 mark early on Friday, being restricted by the 38.20% Fibo retracement.
The New Zealand Dollar has continued to be maintaining a two-week ascending channel against the US Dollar. The currency pair bounced off the lower boundary of the channel up on March 21 and has since surged.
Downside risks continued to dominate the US Dollar against the Canadian Dollar. Even the negative data of the Canadian trade balance was unable to influence the US Dollar to the upside as the 55– hour simple moving average was providing resistance for the currency pair.
The Australian Dollar has continued to fall lower against the US Dollar. By the end of Thursday's trading session, the currency pair has reached a low at 0.7650.
The single European currency has continued moving in an ascending channel against the Japanese Yen. The currency pair has moved closer to the upper boundary of the junior channel and could be ready for a breakout.
Following a breakout of a five-week ascending channel early on Thursday, the yellow metal was unable to fall below the 1,324.00 mark.
The US Dollar managed to extend gains against the Yen during the previous session.
Following an unsuccessful attempt to breach the 200-hour SMA and the weekly PP at 1.41 early on Thursday, the bearish sentiment started to guide the Sterling lower.
Downside risks dominated the common European currency was on Thursday, as rather disappointing Euro zone's PMI and German factory orders restricted the pair from breaching the 55-hour SMA.
The New Zealand Dollar continues moving in an ascending channel against the US Dollar. The bullish momentum during this short period has been directed by the 55– hour simple moving average.
The downside risk continues to prevail in the market as of Thursday's. Bears continue their dominance over the currency pair. However, the decline has been temporarily stopped by the weekly S2 at 1.2760.
Bears pick up momentum after the AUD/USD exchange rate hit the upper boundary of a junior ascending channel. Nevertheless, the movement of the currency pair tallied with the descending dominant channel.
The common European currency has been moving in a narrow channel against the Japanese Yen since April 1. The EUR/JPY pair movement was supported by the combination of the weekly and the monthly pivot points near 130.80.
The first part of Wednesday's trading session was spent in a calm manner, as the yellow metal was moving along the 55-hour SMA.