On Tuesday, the support of the 50-hour simple moving average was enough to cause a surge of the GBP/JPY above the previous high level, as the rate touched the 166.25 level. During early Wednesday's trading, the currency pair had remained near 166.00. Meanwhile, the 50-hour simple moving average was approaching the rate from below. In the case of the moving
Since Tuesday, the AUD/USD currency pair has managed to reach above the 0.6900 level and shortly traded above 0.6920. In general, the pair has moved only slightly, which has resulted in the previous forecasts remaining intact. If the recovery of the Australian Dollar continues, the currency pair could encounter resistance in the weekly R2 simple pivot point at 0.6948 and the
During the first part of Wednesday's European trading hours, the EUR/JPY broke the resistance of the weekly R2 simple pivot point at 141.73 and almost reached the 142.00 mark. However, prior to properly touching the round exchange rate level, the pair bounced off the 141.94 level and declined below 141.50. If the Euro resumes its recovery against the Japanese Yen,
Throughout this week, the price for gold has continued to trade near the 1,710.00 level throughout this week. The future scenario forecasts remain unchanged. In the case of a continuous recovery of the commodity price, the metal might encounter resistance in the combination of the 1,730.00 mark, the 1,732.10 level and the 200-hour simple moving average. Higher above, take into account
The USD/JPY eventually passed below the support zone at 137.70/137.90. However, support was almost immediately found in the combination of the 137.50 level and the 200-hour simple moving average. The event resulted in a recovery above 138.00. During the early hours of Wednesday's trading hours, the pair was fluctuating between the weekly simple pivot point at 137.90 and the resistance
Since the middle of Tuesday's trading hours, the currency pair has been testing a resistance zone at 1.2035/1.2055. In the meantime, minor support appeared to be found in the 1.2000 mark. If the Pound manages to break the resistance zone of 1.2035/1.2055 against the US Dollar, the pair might encounter resistance in the 1.2100 and 1.2150 levels, prior to reaching the
The EUR/USD managed to reach above the 1.0190/1.0220 zone and the 1.2050 mark. Resistance was eventually found in the 1.2070/1.2080 zone. Afterwards, a decline to the 1.2020 level occurred and the previous resistance became support. During early Wednesday's trading, the pair was fluctuating between the 1.0220 and 1.0250 levels. If the rate resumes its surge, it would face the resistance
During the early hours of July 19 trading, the USD/CAD currency pair declined below the 1.2950 mark. In the near term future, the pair could look for support in the combination of the 1.2900 level and the weekly S1 simple pivot point at 1.2898. Further below, take into account the low level zone at 1.2820/1.2835. On the other hand, a surge
On Monday, July 18, the GBP/JPY currency pair reached above the 165.00 mark and even pierced the 166.00 level. However, a consolidating decline followed the surge. On Tuesday morning, the currency pair had found support in the 50-hour simple moving average near 164.80. If the Pound resumes its surge against the Japanese Yen, the currency rate might once again test the
On July 19, the Australian Dollar surged above the 0.6895 level against the US Dollar. The 0.6895 level marks the July high level. Namely, the currency rate had recovered its recent losses. If the recovery of the Australian Dollar continues, the currency pair could encounter resistance in the weekly R2 simple pivot point at 0.6948 and the 0.6950 level. Higher above,
Since July 13, the Euro has been recovering, compared to the Japanese Yen. On Tuesday, July 19, the currency pair reached above the 141.00 mark. If the pair continues to surge, resistance might be encountered in the 141.50 mark, the weekly R1 simple pivot point at 141.73 and the upper trend line of a channel up pattern. On the
During Monday's trading, the price for an ounce of gold made an attempt to approach the 1,725.00 mark and failed. By the start of Tuesday's trading, the currency exchange rate was located near the 1,705.00/1,710.00 zone. In general, previous forecasts remain valid. In the case of a continuous recovery of the commodity price, the metal might encounter resistance in the combination
On Tuesday morning, the USD/JPY currency exchange rate was looking for support in the 137.70/137.90 zone. The rate had been testing the zone since early Monday's trading. Due to that reason, the future forecast scenarios remained unchanged. A resumption of the USD surge against the Japanese Yen is expected to encounter minor resistance in the 138.50 mark and the 50 and
The GBP/USD broke the resistance zone at 1.1960/1.1970 and the weekly R1 simple pivot point at 1.2012. However, the surge did not reach the 1.2050 mark, as it stopped and reversed near 1.2030. On Tuesday morning, the retracement down found support at 1.1925. If the Pound declines against the US Dollar, the rate might look for support in the combination of
On Monday, the EUR/USD currency pair reached the resistance zone at 1.0190/1.0220 and the weekly R1 simple pivot point at 1.0193. However, it can be spotted that it was the 1.0200 mark, which stopped and reversed the surge of the pair. The event resulted in the rate declining and finding support in the 1.01200 level. During the early hours
The price for an ounce of gold has found support in the 1,697.40/1,700.70 range. The support was enough to cause a price recovery. By the middle of Monday's trading hours, the rate had encountered resistance in the 1,720.00 mark and the 100-hour simple moving average. In the case of a continuous recovery of the commodity price, the metal might encounter
The USD/JPY currency pair booked a new high level at 139.39, before starting a consolidating decline. By the middle of Monday's trading hours, the rate had reached the combined support of the 100-hour simple moving average near 138.00, the weekly simple pivot point at 137.90 and the previous high level zone at 137.70/137.90. A resumption of the USD surge against the
On July 14, the GBP/USD rate marked a new low level at 1.1760. Since the event, the pair has been recovering. On July 18, the currency rate had reached back up to the 1.1960/1.1970 zone, which marks the last week's high levels. A move above the 1.1970 mark could result in the pair testing the resistance of the 1.2000 mark and
Since reaching parity and declining as low as the 0.9960 level on July 14, the EUR/USD currency pair began a recovery. By the middle of July 18 European trading hours, the currency pair had reached the 1.0150 mark. If the currency pair continues to surge, it is highly likely going to test the resistance of the 1.0190/1.0220 zone, which acted
In general, the situation on gold price charts has not changed. However, there are minor updates to note. Namely, the pair has revealed that there is a resistance zone below the 1,750.00 mark, at 1,747.50/1,748.85. A potential recovery of the commodity price would have to pass the combined resistance of the 50-hour simple moving average, the 1,747.50/1,748.85 zone and the
Throughout July, the USD/JPY currency pair has been trading between the support of the 134.75/134.80 and 136.28/136.38 zones. I Since mid-day on Wednesday, the USD/JPY appeared to have found additional support in the 135.00 level. Meanwhile, the 136.00 level did not appears to be capable of acting as notable resistance. In the meantime, the 50, 100 and 200-hour simple moving averages
On Thursday, the GBP/USD currency rate extended its surge, as it eventually reached the 1.2050 level. The 1.2050 mark was enough to cause a decline, which by the middle of Friday's European trading hours had reached below 1.1950. In the meantime, the pair appeared to have found resistance in the 1.1960 level, which marks the 2019 low level. If the pair
The EUR/USD has continued to decline, as the resistance of the 50-hour simple moving average was enough to cause a move below the 1.0150 mark. On Friday morning, the pair passed below the support of the round exchange rate level and plummeted to the support of the weekly S3 simple pivot point at 1.0074. In the meantime, the pair
The decline of the price of gold eventually found support, as it approached the 1,730.00 level. Namely, the rate rebounded from 1,732.10. Since the event, the price has retraced back up and appears to be trading sideways around the 1,740.00 mark. If the price for gold extends its recovery, resistance might be found in the 1,760.00 mark and the 50-hour simple