On Monday, the common European currency surged by 52 pips or 0.40% against the Japanese Yen. The currency pair breached the 132.78 level during the Asian session on Tuesday.
On Monday morning, the slowed down decline of the yellow metal's price reached below the support of the 200-hour simple moving average. The SMA had kept the pair up together with the 1,765.00 mark since early Friday's trading hours. If the metal's price declines, it could reach the support of the October low level zone of 1,745.00/1,751.00. However, a recovery
Since the middle of Friday's GMT trading hours, the USD/JPY has fluctuated between the 114.00 and 114.50 levels. On Monday morning, the pair was being approached by the 55-hour simple moving average. If the 55-hour SMA provides the USD/JPY with support, a surge could begin. A surge might aim at the resistance of the 115.00 level before reaching the weekly R1
The GBP/USD rate retreated on Monday morning to the support of the lower trend line of a channel up pattern, which has guided the pair since October 12. Future forecasts were based upon whether or not the support holds. In the case of a passing of the support of the channel up pattern, the GBP/USD might find support in the 55-hour
On Monday morning, the EUR/USD appeared to be looking for support, as it found short term support in the weekly simple pivot point at 1.1584 and the 200-hour simple moving average at 1.1571. Near term forecasts were based upon whether or not the support levels hold. In the case of a decline, the pair could reach first for the weekly
On Friday, the US Dollar rose by 57 pips or 0.46% against the Canadian Dollar. The surge was stopped by the 50– hour simple moving average during Friday's trading session.
On Friday, the British Pound surged by 168 pips or 1.08% against the Japanese Yen. The GBP/JPY currency pair tested the 157.40 resistance level during Friday's trading session.
The Australian Dollar versus the US Dollar traded with low volume on Friday. The currency pair breached the 50– hour simple moving average support level at 0.7413 during the Asian session on Monday.
The 50– hour simple moving average guided the EUR/JPY currency pair higher on Friday. As a result, the Eurozone single currency surged by 80 pips or 0.61% against the Japanese Yen during Friday's trading session.
On Thursday, the US Dollar fell by 87 pips or 0.70% against the Canadian Dollar. The currency pair breached the lower line of a descending channel pattern at 1.2352 within this session.
On Thursday, the British Pound surged by 87 pips or 0.56% against the Japanese Yen. The GBP/JPY currency pair tested the 156.00 level during the Asian session on Friday.
On Thursday, the Australian Dollar rose by 52 pips or 0.70% against the US Dollar. The currency pair tested the upper boundary of an ascending channel pattern during yesterday's trading session.
On Thursday, the common European currency surged by 72 pips or 0.55% against the Japanese Yen. The currency pair breached the 132.00 level during Thursday's trading session.
On Wednesday, the US Dollar declined by 46 pips or 0.37% against the Canadian Dollar. The 50– hour simple moving average pressured the currency pair lower during Wednesday's trading session.
On Wednesday, the British Pound surged by 86 pips or 0.56% against the Japanese Yen. The currency pair breached the psychological resistance level at 155.00 during Wednesday's trading session.
On Wednesday, the Australian Dollar rose by 62 pips or 0.85% against the US Dollar. The AUD/USD currency pair lingered below the 0.7400 level during Wednesday's trading session.
On Wednesday, the common European currency surged by 53 pips or 0.40% against the Japanese Yen. The currency pair breached the 131.50 area during Wednesday's trading session.
The 50– hour simple moving average pressured the USD/CAD currency pair lower on Tuesday. As a result, the US Dollar declined by 55 pips or 0.44% against the Canadian Dollar.
On Tuesday, the British Pound surged by 90 pips or 0.60% against the Japanese Yen. The currency pair tested the resistance level at 154.75 during yesterday's trading session.
On Tuesday, the Australian Dollar declined by 51 pips or 0.69% against the US Dollar. The currency pair breached a support level formed by the 50– hour simple moving average at 0.7347 during Tuesday's trading session.
The common European currency consolidated below the 131.21 level against the Japanese Yen on Tuesday. The currency pair traded between the 130.50/131.21 area during Tuesday's trading session.
On Monday, the USD/CAD currency pair bounced off a support level at 1.2450. As a result, the US Dollar edged higher by 46 pips or 0.37% against the Canadian Dollar during Monday's trading session.
On Monday, the British Pound edged higher by 157 pips or 1.03% against the Japanese Yen. The currency pair tested the upper line of an ascending channel pattern at 154.45 during yesterday's trading session.
On Monday, the Australian Dollar edged higher by 73 pips or 1.00% against the US Dollar. The currency pair tested the upper boundary of an ascending channel pattern at 0.7366 during Monday's trading session.