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
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.