The decline of the USD/JPY currency pair eventually reached the 132.50 level. However, on Friday morning, the 132.50 provided enough support to cause a recovery. By the middle of the day's European trading, the pair had almost recovered to the 134.50 mark. A continuation of the USD/JPY surge could encounter resistance in the 134.75 level, the weekly S1 simple pivot point
As the GBP/USD was approaching the 1.2250 mark on Friday, it suddenly started a sharp decline. By the middle of the day's European trading hours, the pair had reached the 1.2100 level. A continuation of the decline of the 1.2100 mark might look for support in the 100-hour simple moving average near 1.2095 and the weekly R1 simple pivot point at
The EUR/USD currency pair has been highly volatile, as it has been reacting to major US fundamental events throughout the week. Namely, the Fed rate hike and monetary policy announcement together with the US GDP have been creating major moves. In general, the pair has been observed to be fluctuating between the support of the 1.0097/1.0115 zone and resistance
The US Federal Reserve rate hike and subsequent comments about easier policy has caused a decline of the USD/CAD rate back to June levels. Moreover, the vital support of the 1.2800 mark was passed on Thursday morning. An extension of the ongoing decline of the US Dollar against the Canadian Dollar might look for support in the 1.2750 and 1.2700
The GBP/JPY currency pair appears to have reacted to the risk on sentiment, which was caused by the US Federal Reserve at 18:00 GMT on Wednesday. Namely, the Pound surged against the Japanese Yen and shortly reached above the 166.50 level. Afterwards, a decline back to the 164.50 level occurred. On Thursday morning, the pair was trading around the 165.00
The US Federal Reserve rate hike and the following press conference moved the AUD/USD rate to trade between the resistance of the 0.7000 mark and the support of the 0.6975/0.6980 zone. However, it was observed that the pair was managing to shortly reach above the 0.7000 level. If the Australian Dollar reaches above 0.7000, the 0.7040 and 0.7060 levels could act
Since the start of Wednesday's trading, the EUR/JPY currency exchange rate has been observed to respect the support and resistance of round exchange rate levels. Namely, the 138.00, 138.50, 139.00 and 139.50 levels were acting as either support or resistance. On Thursday morning, the pair was fluctuating between the 138.00 and 138.50 levels. A surge of the Euro against the
The press conference of the Chairman of the Federal Reserve Jerome Powell caused a drop of the value of the US Dollar. The event resulted in a surge of the price for gold through the resistance of the 1,735.00/1,740.00 zone. On Thursday morning, the commodity was testing the resistance of the July high levels at 1,743.85/1,752.50. A move above the resistance
On Wednesday, the value of the US Dollar plummeted despite the US Federal Funds Rate hike. The decline occurred due to comments made by the head of the Federal Reserve that they could ease the future policy of rate hikes. Due to that reason, the USD adjusted to the possible future of a smaller demand for the US currency. On the
The US Federal Funds Rate hike and the following press conference by the Chairman of the Federal Reserve Jerome Powell caused a broad decline of the US Dollar's value. On the GBP/USD currency exchange rate it resulted in a surge above the 1.2150 level. Since the event, the pair has been trading almost sideways in the 1.2150/1.2185 range. In the case
The EUR/USD currency pair found support in the 1.0100 mark and the weekly S1 simple pivot point at 1.0101. In the aftermath of starting a minor recovery, the EUR/USD surge was boosted by the head of the US Federal Reserve Jerome Powell. Namely, the Chairman's comments during the press conference after the US 0.75% rate hike caused a broad
Since the middle of Tuesday's trading, the USD/CAD currency pair was testing the resistance of the 1.2900 mark. Meanwhile, support was found in the 1.2850 mark. However, on Wednesday, technical analysis is set to be obsolete, as at 18:00 GMT, the US Federal Reserve is set to hike USD base interest rates, reveal its Monetary Policy Statement and host a follow
The GBP/JPY currency exchange rate has moved above the resistance line of the channel down pattern. On Wednesday, the rate traded around the 165.00 mark and ignored the round level's resistance and support. Meanwhile, it appeared that the 200-hour simple moving average was acting as support near 164.80. In the case of the Pound surging against the Japanese Yen, the rate
By the start of Wednesday's trading, the AUD/USD rate had reached the 0.6920 level. The pair was extending the decline, which started after the failed attempt to reach above the 0.6980 level. However, on Wednesday, technical analysis is set to be obsolete for all USD pairs, as the US Federal Reserve is set to announce a rate hike at 18:00 GMT.
The channel down pattern has failed to push the EUR/JPY down, as the rate has passed above the pattern's resistance line. Meanwhile, it appeared that the 139.00 mark and the 50-hour simple moving average continued to act as resistance. Support was being provided by the 138.50 level. If the Euro resumes its decline against the Japanese Yen, the pair might
During the first half of Wednesday's trading hours, the price for gold fluctuated between the support zone at 1,715.00 and the resistance of the 1,725.00 level. Meanwhile, the commodity price was awaiting the US Federal Reserve rate hike, which was scheduled for 18:00 GMT. In general, the rate decision and the monetary policy statement together with the press conference are set
The USD/JPY currency rate's recovery has revealed to have been occurring in a narrow channel up pattern. Meanwhile, the pair has shortly pierced the resistance of the 137.00 mark. However, ignore technical analysis for now, as today, at 18:00 GMT, the US Federal Reserve will hike their base interest rate. Depending on the size of the hike, the US Dollar
On Tuesday, the GBP/USD was highly volatile, as it bounced off the resistance of the weekly R1 simple pivot point at 1.2087 and plummeted down to the support line and the weekly simple pivot point at 1.1975. Afterwards, a sharp recovery followed. By the middle of Wednesday's trading, the exchange rate had reached back up to the weekly R1 at
At mid-day on Tuesday, the EUR/USD suddenly plummeted below 1.0200, as the rate sharply declined down to the 1.0110 level. Afterwards, a minor recovery started. By the middle of Wednesday's trading, the rate had reached the 1.0160 level. However, ignore technical analysis for now, as today, at 18:00 GMT, the US Federal Reserve will hike their base interest rate. Depending
During the early hours of Tuesday's trading, the USD/CAD currency exchange rate passed below the support zone at 1.2820. However, almost immediately after the event a sharp recovery started. By the middle of the day's European trading, the pair was testing the combined resistance of the 1.2880 level and the 50 and 100-hour simple moving averages. A move above 1.2880 could
This week, the GBP/JPY has been finding support in the 163.00 level and resistance at 165.00. Meanwhile, the pair appears to be declining in a broad channel down pattern. During Tuesday's trading hours, the pair was descending from the resistance of 165.00 and by the middle of the day, the rate was below 164.00. A continuation of the decline of the
During the midnight hours to Tuesday, the AUD/USD rate bounced off the resistance of the 0.6980 level and began a decline. By the middle of the day's European trading hours, the pair had reached the combined support of the 100-hour simple moving average and the 0.6920 level. A move below 0.6920 could result in the pair lookin for support in the
At mid-day on Tuesday, it was spotted that the EUR/JPY currency pair has been declining in a channel down pattern. In the meantime, the pair booked a new low level, as it passed below 139.00 and aimed at 138.50. A continuation of the decline of the Euro against the Japanese Yen could look for support in the 138.50 and 138.00
Since July 22, the price for gold has been fluctuating around the 1,725.00 level, as the price has been fluctuating in the 1,715.00/1,735.00 range. In the case of a surge of the commodity price, gold might encounter resistance in the 1,743.85/1,752.60 zone. However, the 1,735.00 and 1,740.00 levels could slow down a potential move higher. Meanwhile, a decline of the commodity