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.
During Monday's trading session, the common European currency edged higher by 40 pips or 0.30% against the Japanese Yen. The currency pair was pressured higher by the 50– hour simple moving average on Monday.
Gold found resistance on Monday in the 1,760.00 level. The event was followed by a decline, which by the middle of the day was approaching the September low level zone from 1,738.25/1,745.40. If the September support zone holds, the metal's price might recover. A potential recovery could find resistance in the 55, 100 and 200-hour simple moving averages near 1,755.00, 1,760.00
On Monday morning, the USD/JPY currency exchange rate found support in the 110.60 level. Afterwards, a surge followed. By the middle of the day's European trading, the rate was aiming at the 111.00 level. If the 111.00 level manages to provide resistance, the rate could retrace down to the 110.80 and 110.60 levels. These round exchange rate levels have been providing
At mid-day on Friday, the GBP/USD started to find support in the 1.3660 level. On Monday, the rate bounced off the support level and began a surge. The surge passed the resistance of the 55, 100 and weekly simple pivot points from 1.3675 to 1.3690. Next target for the surge was the 200-hour simple moving average near 1.3720. In the case
On Monday morning, the EUR/USD found support in the low level of September 22 at 1.1685. In addition, the weekly S1 simple pivot point of this week was located at this level. Near term future forecast scenarios were based upon whether or not the support holds. In the case that the rate passes the support of the 1.1685 level, a
On Friday, the US Dollar declined by 86 pips or 0.68% against the Canadian Dollar. The 200– hour simple moving average pressured the currency pair lower during Friday's trading session.
On Friday, the British Pound declined by 61 pips or 0.41% against the Japanese Yen. The currency pair tested the psychological support level at 151.00 during Friday's trading session.
On Friday, the Australian Dollar declined by 71 pips or 0.97% against the US Dollar. The currency pair breached the 50– and 200– hour SMAs during Friday's trading session.
On Friday, the common European currency edged higher by 43 pips or 0.33% against the Japanese Yen. The currency pair tested the 129.80 level during Friday's trading session.
The yellow metal's price booked a new recent low level on Thursday, as it shortly traded at the 1,738.40 level. However, a recovery followed the piercing of the 1,740.00 mark. On Friday morning, the commodity price was heading higher. The upwards move was expected to find resistance first in the combination of the 55 and 100-hour simple moving averages at 1,765.00
On Friday, the USD/JPY currency exchange rate passed the resistance of the 110.40 level, which was strengthened by the weekly R1 simple pivot point. Moreover, the rate reached above the 110.50 mark. In the near term future, the pair could continue to surge. A surge would most likely reach for the resistance of the weekly R2 simple pivot point at