Upside risks dominated the EUR/JPY currency pair on Monday. As a result, the common European currency edged higher by 136 pips or 1.05% against the Japanese yen during Monday's trading session.
On Friday, the US Dollar edged lower by 94 pips or 0.75% against the Canadian Dollar. The currency pair breached the support level at 1.2550 during Friday's trading session.
On Friday, the British Pound surged by 82 pips or 0.54% against the Japanese Yen. The currency pair was pressured higher by the 50– hour simple moving average during Friday's trading session.
During the first half of Friday's trading session, the Australian Dollar surged by 0.51% against the US Dollar. However, the currency pair erased the earlier gains at the end of the day.
On Friday, the common European currency edged higher by 83 pips or 0.64% against the Japanese Yen. The currency pair breached the resistance level at 129.50 during Friday's trading session.
The recovery of the yellow metal on Thursday stopped at the 1,765.00 level. Since the encounter of the resistance, the price has been trading sideways in the 1,750.00/1,765.00 zone. In the case of a decline, the bullion's price might look for support in the 200-hour simple moving average at 1,751.00, the 1,750.00 mark and the support zone of this week's
At midnight to Friday, the USD/JPY currency exchange rate passed the October 6 high level near 111.80. On Friday morning, the currency exchange rate had almost reached the 112.00 mark. Note that the zone above the 112.00 level at 112.05/112.10 might once again act as resistance, as it did on September 29 and 30. A move above the 112.05/112.10 level might
On Thursday, the GBP/USD bounced off the week's high level zone at 1.3640/1.3650. On Friday morning, the rate was looking for support in the 55 and 100-hour simple moving averages at 1.3600. A passing of the support of the 55 and 100-hour SMAs and the 1.3600 level would most likely result in a decline to the weekly simple pivot point at
The recovery of the EUR/USD found resistance on Thursday in the 55-hour simple moving average. On Friday morning, the rate was being pushed down by the SMA into the support of the weekly S1 simple pivot point at 1.1532. If the EUR/USD passes the support of the weekly S1 simple pivot point, the rate might find support in the round
On Thursday, the US Dollar declined by 51 pips or 0.40% against the Canadian Dollar. The currency pair tested the support level at 1.2532 during Thursday's trading session.
On Thursday, the British Pound edged higher by 97 pips or 0.64% against the Japanese Yen. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The AUD/USD currency pair bounced off a support level formed by the 50– hour simple moving average at 0.7271 on Thursday. As a result, the Australian Dollar surged by 50 pips or 0.69% against the US Dollar.
On Thursday, the common European currency edged higher by 36 pips or 0.28% against the Japanese Yen. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The yellow metal's price shortly pierced the previous weekly low levels before starting another recovery. During the early Thursday's European trading hours, the bullion appeared to be once again heading to the 1,770.00 level. In the case of a broad surge, the metal would most likely encounter resistance in round price levels. In addition, note the resistance zone from 1,781.00/1,784.00. However,
On Wednesday, the USD/JPY declined and found support in the combination of the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point at 111.23/111.29. The support zone held and caused a retracement to the 111.50 mark. On Thursday morning, the 111.50 eventually forced the rate into a decline to the combination of the 100-hour SMA and
On Wednesday, the GBP/USD passed one support level after another. During the day, all of the technical support levels were passed and the last one of them, the 100-hour simple moving average, was pierced. However, this did not result in a decline, as the combination of the 100-hour SMA and the 1.3550 eventually held and caused a recovery. By the
The EUR/USD currency exchange rate found support in the weekly S1 simple pivot point at 1.1532. The pivot point held and reversed the rate. On Thursday morning, the following surge appeared to be heading to the resistance of the 55 and 100-hour simple moving averages at 1.1578 and 1.1589. If the pair passes the resistance of the simple moving averages
The US Dollar has declined by 67 pips or 0.53% against the Canadian Dollar since Wednesday's trading session. The currency pair breached the 50– hour SMA support level at 1.2595 on Wednesday.
On Wednesday, the British Pound declined by 118 pips or 0.77% against the Japanese Yen. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session.
During the first half of Wednesday's trading session, the Australian Dollar declined by 59 pips or 0.81% against the US Dollar. However, the currency pair rebounded from the low level of 0.7230 at the end of the session.
Downside risks dominated the EUR/JPY currency pair on Wednesday. As a result, the common European currency declined by 108 pips or 0.83% against the Japanese Yen during yesterday's trading session.
On Wednesday morning, the yellow metal's price had reached the support zone of this week's low levels near the 1,750.00 level. In addition, the price had reached below the 55, 100 and 200-hour simple moving averages. If the bullion declines, the price might find support in round price levels before reaching the September low level at 1,721.00/1,723.00. However, a recovery of the
The USD/JPY has recovered, as it found support in the 110.82/110.90 zone. The following surge passed the resistance of the 55, 100 and 200-hour simple moving averages. On Wednesday morning, the rate had reached the 111.80 level. A continuation of the surge of the USD/JPY currency exchange rate could reach first for the weekly R1 simple pivot point at 111.93. Afterwards,
The GBP/USD currency exchange rate declined on Wednesday morning below the 55 and 200-hour simple moving averages. The rate was testing the support zone of the 1.3575/1.3595 levels. If the rate continues to decline, it could find support in the weekly simple pivot point at 1.3563 and the 100-hour simple moving average at 1.3553. A passing below the technical levels would