On Wednesday morning, the EUR/USD was heading to the support of the September 30 low level at 1.1563/1.1568. Future forecasts were based upon whether or not the support zone holds. If the EUR/USD passes the support of the 1.1563/1.1568 zone, the weekly S1 simple pivot point at 1.1532 could be reached. However, take into account that the 1.1550 mark might
On Tuesday, the US Dollar edged lower by 65 pips or 0.51% against the Canadian Dollar. The decline was stopped by the support level at 1.2560 during Tuesday's trading session.
Upside risks dominated the GBP/JPY currency pair on Tuesday. As a result, the British Pound edged higher by 126 pips or 0.83% against the Japanese Yen during yesterday's trading session.
On Tuesday, the Australian Dollar surged by 44 pips or 0.61% against the US Dollar. The currency pair breached the 50– hour simple moving average during Tuesday's trading session.
On Tuesday, the common European currency edged higher by 56 pips or 0.43% against the Japanese Yen.
The resistance zone that is located below the 1,765.00 mark, failed to keep the price of gold down. Late on Monday, the price reached above the resistance zone and touched the 1,770.00 level. The 1,770.00 mark provided resistance and caused a retracement down. If the price for gold continues to decline, it could look for support in the 100 and 200-hour
On Tuesday morning, the USD/JPY was located between the support of the 55 and 200-hour simple moving averages near 111.05 and the resistance of the weekly simple pivot point at 111.24 and the 100-hour SMA at 111.35. If the pair surges and passes the weekly simple pivot point and the 100-hour simple moving average, the USD/JPY might aim at the resistance
On Monday, the surge of the GBP/USD reached above the resistance zone that is located below the 1.3600 mark and the 200-hour simple moving average. However, after the surge, the pair retraced back down and up to Tuesday's European morning the rate traded above the mentioned technical levels. If the support levels cause a surge, the GBP/USD would most likely reach
The EUR/USD recovery found resistance in the 1.1640 level on Monday. Afterwards, a decline began, which during the Tuesday morning hours had reached below the support of the 100 and 55-hour simple moving averages. Moreover, the pair had reached below the 1.1600 mark. If the pair continues to decline, it would do so due to the resistance of the 55
On Monday, the US Dollar declined by 86 pips or 0.68% against the Canadian Dollar. The currency pair tested the lower boundary of a descending channel pattern at 1.2566 during Monday's trading session.
The GBP/JPY currency pair bounced a support level formed by the 50– hour simple moving average at 150.23 on Monday. As a result, the British Pound surged by 118 pips or 0.79% against the Japanese Yen.
On Monday, the Australian Dollar surged by 44 pips or 0.61% against the US Dollar.
During the first half of yesterday's trading session, the common European currency surged by 68 pips or 0.53% against the Japanese Yen. However, the currency pair erased the earlier profit by the end of the day.
Since September 30, the yellow metal's price has been testing the resistance of the last week high zone at 1,761.10/1,765.00. Meanwhile, support is being provided by the 55 and 200-hour simple moving averages and the 1,750.00 mark. If the price passes the resistance of the recent high levels, the metal could aim at the 1,800.00 level. However, the 1,780.00 and 1,785.00
The bounce off from the 112.00 mark has turned into a proper decline, as on Friday the USD/JPY currency exchange rate reached the 111.00 level. On Monday, the rate had paused the decline, as the support of the 200-hour SMA was approaching the pair. Meanwhile, resistance levels were spread out from 111.24 to 111.44. In the near term future, a
The GBP/USD recovery passed the resistance of the 55-hour SMA and the 100-hour SMA on Friday. On Monday, the rate paused the surge. After a short investigation, it was discovered that the July low level zone of 1.3575/1.3790 was providing resistance. In the meantime, the 200-hour SMA had approached and strengthened the resistance zone. In addition, the 55 and 100-hour
The EUR/USD currency exchange rate on Monday morning found support in the 55-hour simple moving average at 1.1590 and surged. Moreover, the resistance of the 1.1600 level was ignored. In the case that the rate continues to surge, it would most likely encounter the resistance of 100-hour simple moving average near 1.1620, the weekly simple pivot point at 1.1631. Above
On Friday, the US Dollar fell by 110 pips or 0.87% against the Canadian Dollar. The currency pair was pressured lower by the 50– and 200– hour SMAs during Friday's trading session.
On Friday, the British Pound surged by 124 pips or 0.83% against the Japanese Yen. The surge was stopped by a resistance level formed by the 200– hour simple moving average at 150.68 during Friday's trading session.
The Australian Dollar fell by 29 pips or 0.40% against the US Dollar on Friday. The decline was stopped by the 200– hour simple moving average during Friday's trading session.
The EUR/JPY currency pair consolidated above the support level at 128.60 on Friday.
The yellow metal has clearly broken the resistance of the channel down pattern. It occurred in a sharp four hour jump, which also passed the resistance of the 55, 100 and 200-hour simple moving averages. Eventually, the metal's price was stopped by the 1,765.00 level's resistance. On Friday, the pair traded sideways around the 200-hour SMA and the 1,755.00 level. If the
The USD/JPY made three attempts to pass the 112.00 level before bouncing off it. At mid-day on Friday the rate had declined and almost reached the 111.00 level. If the 111.00 level provides support, the pair might recover. A potential recovery could encounter resistance at the weekly R2 simple pivot point at 111.34, the 100-hour simple moving average at 111.42
The GBP/USD found support on Wednesday and Thursday above the 1.3400 level. The support zone has been marked on the hourly candle chart. After finding support, the pair surged to the resistance of the 55-hour simple moving average and the 1.3500 level. These levels provided resistance and the 55-hour SMA began to push the rate down. By the middle of