The Australian Dollar was pressured south against the US Dollar on Friday by the 50-hour simple moving average, which was providing resistance for the currency pair at 0.7244.
After reaching above the 1,250.00 level, the yellow metal's price was consolidating its gains and retreated on Monday. Namely, the rate encountered the upper trend line of an ascending pattern and began a retreat.
The common European currency appreciated about 54 base points against the Japanese Yen on Monday. The currency pair has reversed a new junior ascending channel pattern.
The USD/JPY surged on Monday up to the resistance levels near the 112.70 mark. In general, the rate has two possible scenarios. The pair could break through the resistance levels and surge to the 100-hour simple moving average at the 112.80 level and afterwards pass it to surge to the weekly pivot point at 112.93. On the other hand the rate might
The volatility of the GBP/USD has once more increased, as the UK Parliament is set to vote on the Brexit deal that Theresa May has agreed upon with the European Union.Meanwhile, from a technical analysis perspective the currency exchange rate is expected to decline, as it has no technical support as low as the 1.2680 mark. At that level the
During the late part of Friday's trading session the EUR/USD managed to break the resistance of the dominant descending channel pattern at the 1.1400 level. The event increased volatility, which lasted into the second half of Monday's trading.
The New Zealand Dollar versus the US Dollar was trading within a narrow range during Thursday's session. The currency pair was moving between the 50-hour simple moving average at 0.6900 and the 200-hour SMA at 0.6860 during the previous session.
The US Dollar continued its upside momentum against the Canadian Dollar on Thursday. The currency pair breached a resistance level formed by the weekly R1 at 1.3419 during the middle of yesterday's session.
The Australian Dollar has continued its southern journey against the US Dollar in a descending channel pattern.
Positions Today Yesterday % Change Longs 47% 47% 0.00% Shorts 53% 53% 0.00% Indicator 4H 1D 1W MACD
The yellow metal managed to pass in the resistance levels just above the 1,240.00 level and score a new high level during the second half of Thursday's trading session.
The USD/JPY has pierced the lower trend line of the dominant ascending channel pattern. It is signalling that a head and shoulders pattern exists on the charts. In general,
The British currency on Thursday found support in the pivot point at 1.2700 and surged through various simple moving averages to reconfirm the upper trend line of the large scale descending pattern near 1.2800.
The common European currency managed to pass the strength of three simple moving averages on Thursday against the US Dollar.
Bears continue their dominance in the market for the NZD/USD currency pair. During the first part of Thursday's session, the exchange rate tested the 200-hour simple moving average at 0.6863.
The surge of the US Dollar against the Canadian Dollar has extended on Thursday, as the currency pair had reached about the 1.3400 mark during the first part of today's trading session.
The Australian Dollar declined on Wednesday against the US Dollar until it reached the bottom border of a dominant ascending channel at 0.7260. Meanwhile, the currency pair passed the support level during the Asian session on Thursday.
The common European currency appreciated about 70 base points against the Japanese Yen on Wednesday. The surged was stopped by a resistance level formed by the 50-hour simple moving average at 128.40.
A resistance level formed by the upper boundary of an ascending channel pattern at 0.6969 managed to prevent the NZD/USD currency pair from gaining strength on Tuesday.
Upside risk dominated the USD/CAD currency pair on Tuesday. As a result, the US Dollar gained about 101 base points against the Canadian Dollar during the end of yesterday's session.