On Friday, the GBP/USD currency exchange rate declined. The decline started on Thursday when the Bank of England caused surge ended at the 200-hour simple moving average at the 1.3750 level. If the rate continues to decline, it would most likely look for support in the 55 and 100-hour SMAs and the weekly S1 simple pivot point at 1.3676. Below these
On Friday morning, the EUR/USD currency exchange declined, as it had bounced off the this week's high zone that surrounds the 1.1750 level. In the case of the pair continuing to decline, it could find support in the 55 and 100-hour simple moving averages at 1.1725. Below these levels, the 1.1700 mark and the 61.80% Fibonacci retracement level could provide
On Thursday, the US Dollar fell by 156 pips or 1.22% against the Canadian Dollar. A Breakout occurred through the lower boundary of an ascending channel pattern during Thursday's trading session.
On Thursday, the British Pound edged higher by 201 pips or 1.34% against the Japanese Yen. A breakout occurred through the upper boundary of a descending channel pattern during Thursday's trading session.
The AUD/USD currency pair bounced off a support level at 0.7222 on Thursday. As a result, the Australian Dollar edged higher by 91 pips or 1.26% against the US Dollar during Thursday's trading session.
Upside risks pressured the EUR/JPY currency pair higher on Thursday. As a result, the common European currency surged by 121 pips or 0.94% against the Japanese Yen during Thursday's trading session.
After making four attempts to pass the resistance of the 200-hour simple moving average and even piercing it during the Federal Reserve caused volatility, on Thursday, the yellow metal's price plummeted to the 1,750.00 mark. In the case of the metal's price passing the 1,750.00 level, the commodity could look for support in the September 18 low level at 1,742.50. Meanwhile,
First of all, the surge of the USD/JPY has reached above the 110.00 level. Second, the rate reached the September 13 and 14 high level at 110.15 at the start of Thursday's US trading. The near term future was dependent on what would happen at the high level. If the pair passes the resistance of the 110.15 level, it would face
The GBP/USD did not even start an attempt at testing the support levels that are located from 1.3608 to 1.3574. Instead, in the aftermath of the Federal Reserve announcing its monetary policy, the rate began a surge. Moreover, the surge was fueled on Thursday by the Bank of England's monetary announcements. By mid-day on Thursday, the rate had reached above the
The release of the US Federal Reserve Meeting Minutes caused volatility, which eventually lead to a decline below the 1.1700 mark. The decline was stopped by the weekly S1 simple pivot point at 1.1686. Afterwards, at midnight to Thursday, the pair began a recovery. By the middle of the day, the recovery had reached the combined resistance of the 55
On Wednesday, the US Dollar declined by 96 pips or 0.75% against the Canadian Dollar. The decline was stopped by the 200– hour simple moving average during yesterday's trading session.
On Wednesday, the British Pound edged higher by 74 pips or 0.49% against the Japanese Yen. The currency pair breached the 50– hour simple moving average during Wednesday's trading session.
During Wednesday's trading session, the AUD/USD currency pair continued to trend lower in a descending channel pattern.
The EUR/JPY currency pair bounced off the lower boundary of a descending channel pattern at 127.94 on Wednesday. As a result, the Eurozone single currency edged higher by 68 pips or 0.53% against the Japanese Yen.
Since the middle of Tuesday's trading hours, the price for gold has been kept down by the combined resistance of the 200-hour simple moving average and the 1,781.00/1,783.00 zone. In the case that the 200-hour simple moving average continues to push the price down, it could find support in the 55 and 100-hour simple moving averages. The 55-hour SMA was
On Wednesday morning, the USD/JPY currency pair bounced off the resistance of the 109.60 level. Previously, during night hours, the rate ended a decline by finding support in the September and August low level at 109.12. In the near term future, the rate had two possible scenarios. The pair could either pass the resistance of the 109.60 zone or bounce
At midnight to Wednesday, the GBP/USD encountered and bounced off the combined resistance of the weekly S1 simple pivot point at 1.3676 and the 55-hour simple moving average at 1.3680. Afterwards, the rate began a step by step decline, which had no technical support as low as 1.3808. In the case that the rate declines, the GBP/USD could look for support
The EUR/USD bounced off the resistance of the 1.1750 level on Tuesday. By the middle of Wednesday's trading hours, the rate had been fluctuating between the 1.1720 level and the 1.1740 level. Meanwhile, the rate was being approached by the resistance of the 100-hour simple moving average from above. In the case that the rate surges above the resistance of
On Tuesday, the US Dollar surged by 84 pips or 0.66% against the Canadian Dollar. The currency pair breached the upper line of an ascending channel pattern at 1.2850 during Tuesday's trading session.
On Tuesday, the British Pound fell by 106 pips or 0.71% against the Japanese Yen. The currency pair breached a one-month low at 149.19 during Tuesday's trading session.
During Tuesday's trading session, the Australian Dollar declined by 57 pips or 0.78% against the US Dollar. The currency pair was pressured lower by the 50– hour simple moving average on Tuesday.
During Tuesday's trading session, the common European currency fell by 70 pips or 0.54% against the Japanese Yen. The currency pair tested the 128.00 level on Wednesday.
On Tuesday, the yellow metal's price reached the resistance of the 200-hour simple moving average and the previous September low level zone at 1,781.00/1,783.00. In the case that the price passes the resistance of the 200-hour SMA and the 1,781.00/1,783.00 zone, the bullion could aim at the 1,800.00 mark. On the other hand, a potential bounce off from the resistance zone
By the start of Tuesday's US trading, the USD/JPY currency exchange rate had reached the 109.20 level. The next target for the decline appeared to be the September and August low levels at 109.12. In the case that the low level holds and a recovery starts, the pair could find resistance in the weekly S1 simple pivot point at 109.37. Above