The decline of the EUR/USD resumed on Thursday. However, it immediately found support in the 1.1563/1.1568 zone. The zone held the pair up from 10:00 GMT up to 01:30 GMT, when a recovery appeared to have started. During the early hours of Friday's trading hours, the currency exchange rate was approaching the resistance of the 1.1600 level, which could be
On Thursday, the US Dollar declined by 88 pips or 0.69% against the Canadian Dollar. The currency pair tested the lower boundary of an ascending channel pattern during yesterday's trading session.
The GBP/JPY currency pair failed to break the 150.60 resistance level on Thursday.
On Thursday, the Australian Dollar edged higher by 55 pips or 0.77% against the US Dollar. The surge was stopped by the 200– hour simple moving average at 0.7250 during Thursday's trading session.
The common European currency declined by 116 pips or 0.89% against the Japanese Yen on Thursday. The currency pair breached the 200– hour SMA support level at 129.31 during yesterday's trading session.
The yellow metal pierced the upper trend line of the channel down pattern on Wednesday. However, the 55-hour simple moving average almost immediately provided resistance and caused a drop of the metal's price. The drop shortly reached below the 1,725.00 before the price began to recover. On Thursday, the bullion retraced back to the previously pierced upper trend line of the
After breaking the channel up pattern, the USD/JPY declined. However, the decline was short, as the pair found support in the 55-hour simple moving average. The SMA provided enough support to cause a surge, which reached the 112.00 level. By the middle of Thursday's trading, the currency exchange rate fluctuated sideways below the 112.00 mark. In the near term future, the
The decline of the GBP/USD eventually stopped on Wednesday. Namely, the rate found support in the 1.3415 level and retraced back up to the weekly S3 simple pivot point at 1.3463. Up to early hours of Thursday's trading, the pair fluctuated sideways in the 1.3415/1.3463 zone. In theory, the rate should continue to decline, as it has no technical or historical
At mid-day on Wednesday, the EUR/USD plummeted, as it passed one weekly simple pivot point after another until it found support in the 1.1590 level. By Thursday's European morning hours, the rate had been consolidating by trading sideways between the 1.1590 and 1.1610 levels. In the near term future, the rate was most likely going to decline, as it
Upside risks dominated the USD/CAD currency pair on Wednesday. As a result, the US Dollar edged higher by 99 pips or 0.78% against the Canadian Dollar during Wednesday's trading session.
On Wednesday, the British Pound declined by 108 pips or 0.71% against the Japanese Yen. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session.
On Wednesday, the Australian Dollar declined by 85 pips or 1.17% against the US Dollar. The currency pair breached the 0.7180support level during Wednesday's trading session.
On Wednesday, the common European currency declined by 71 pips or 0.54% against the Japanese Yen. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session.
The yellow metal's price has passed below previous September low levels. On Tuesday, the pair touched a new low level by reaching the 1,730.00 mark. Afterwards, the commodity began a recovery. On Wednesday, the rate had recovered to the 1,740.00 level. Meanwhile, Dukascopy Analytics spotted that the pair has been declining in a channel down pattern since September 23. On Wednesday
Since September 23, the USD/JPY was sharply surging in a channel up pattern. On Wednesday morning, the rate booked a new high level, as it touched the 111.68 level. However, the booking of the new high level was followed by a decline. The decline passed below the lower trend line of the narrow channel up pattern, which captured the rate's
The Tuesday drop of the GBP/USD consolidated during the second part of the day's trading. On Wednesday morning, the pair resumed the decline, as the rate almost touched the 1.3500 mark. Moreover, the pair had no technical support as low as 1.3463, where the weekly S3 simple pivot point was located at. In the case that the GBP/USD pair reaches below
First of all, on Wednesday the EUR/USD currency exchange rate reached a new low level, as it almost touched the 1.1650 mark. In addition, the currency exchange rate has revealed a channel down pattern, which has guided it since September 24. In the case of the rate continuing to decline, the pair might look for support in the weekly S2
On Tuesday, the US Dollar surged by 98 pips or 0.78% against the Canadian Dollar. The currency pair tested the upper boundary of a descending channel pattern during yesterday's trading session.
Downside risks pressured the GBP/JPY currency pair lower on Tuesday. As a result, the British Pound fell by 183 pips or 1.20% against the Japanese Yen during yesterday's trading session.
On Tuesday, the Australian Dollar declined by 79 pips or 1.08% against the US Dollar. The AUD/USD currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.
The EUR/JPY currency pair bounced off a support level, formed by the 50– hour SMA at 129.71 on Tuesday.
The 50– hour simple moving average pressured the USD/CAD currency pair lower on Monday. As a result, the US Dollar declined by 46 pips or 0.36% against the Canadian Dollar.
On Monday, the British Pound surged by 101 pips or 0.67% against the Japanese Yen. The currency pair breached the upper line of an ascending channel pattern during the Asian session on Tuesday.
On Monday, the Australian Dollar edged higher by 37 pips or 0.52% against the US Dollar. A breakout occurred through the upper boundary of a descending channel pattern during the Asian session on Tuesday.