At mid-day on Tuesday, the GBP/USD reached below the 1.3650 level. Due to that reason the rate could decline even further, as a round exchange rate level has been passed. A potential further decline of the rate could look for support in the weekly S2 simple pivot point at 1.3608. Below the pivot point, the rate could look for support in
The EUR/USD currency exchange rate has recovered to the 1.1750 level, which on Tuesday appeared to be providing resistance. A bounce off from the 1.1750 mark could result in a decline and another test of the support of the 1.1700 mark. The 1.1700 mark provided enough support on Friday for the pair to recover. On the other hand, a potential
On Monday, the US Dollar edged higher by 119 pips or 0.93% against the Canadian Dollar.
Downside risks pressured the GBP/JPY currency pair lower on Monday. As a result, the British Pound fell by 183 pips or 1.22% against the Japanese Yen during yesterday's trading session.
On Monday, the Australian Dollar rose by 44 pips or 0.60% against the US Dollar. The currency pair breached the 50– hour simple moving average at 0.7264 during the Asian session on Tuesday.
On Monday, the common European currency fell by 81 pips or 0.83% against the Japanese Yen. The currency pair tested the lower line of a descending channel pattern at 128.20 during Monday's trading session.
Upside risks pressured the USD/CAD currency pair on Friday. As a result, the US Dollar edged higher by 128 pips or 1.01% against the Canadian Dollar during Friday's trading session.
On Friday, the British Pound edged lower by 98 pips or 0.64% against the Japanese Yen. The currency pair was pressured lower by the 200– hour simple moving average during Friday's trading session.
On Friday, the Australian Dollar declined by 55 pips or 0.75% against the US Dollar. The currency pair was pressured lower by the 50– hour simple moving average during Friday's trading session.
On Friday, the common European currency declined by 78 pips or 0.68% against the Japanese Yen. The currency pair breached the 50– hour simple moving average during Friday's trading session.
The price for gold plummeted. From a Fundamental Analysis perspective the drop occurred due to various reasons, which can be read in this article. Meanwhile, from a technical analysis perspective the decline has its own reasons and could have been forecast. Namely, the initial drop occurred due to the price failing to pass the resistance zone above the 1,800.00 mark. Afterwards,
On Friday, the USD/JPY currency exchange rate continues the recovery that was started on September 15. During the surge, the pair only shortly paused at resistance levels like the hourly simple moving averages. By the middle of Friday's London trading hours, the rate had reached the 110.00 level and the weekly simple pivot point at 110.07. A passing of the resistance
The GBP/USD currency exchange rate passed the support of the 1.3800 level on Thursday. However, at the 1.3765 level the rate stopped its decline without reaching the support of the weekly S1 simple pivot point. Moreover, the 1.3765 has not been acting as support during September. On Friday, the currency exchange rate had recovered and failed at an attempt to
The decline of the EUR/USD currency exchange rate eventually reached the 1.1750 level, where it found support in the round exchange rate level and the weekly S2 simple pivot point. By zooming in the chart, it can be clearly observed that the rate bounced off exactly from the pivot point. On Friday, the currency pair recovered and passed the resistance
The yellow metal''s price managed to pierce the 1,805.00 level and the resistance zone below it twice. However, the resistance held and a decline started at mid-day on Wednesday. By the middle of Thursday's European trading hours, the price had reached the support of the 1,781.00/1,784.00 zone, which has kept the price up since September 8. In the case that the
The decline of the USD/JPY currency exchange rate stopped at the August low level zone just above the 109.10 level. On Thursday the rate recovered to find resistance in the late August low level zone that is located at 109.42/109.50. If the recovery of the currency pair manages to pass the 109.42/109.50 zone, it could reach for the cluster of technical
After finding support in the 1.3800 mark on Wednesday, the GBP/USD currency exchange rate surged to the 1.3850 level. This level provided enough resistance for a decline to begin. By the middle of Thursday's European trading hours, the rate was aiming at the support of the 1.3800 mark. Meanwhile, the pair mostly ignored the weekly simple pivot point and the
At mid-day on Thursday, the EUR/USD passed the previous September low level at the 1.1770 mark. In addition, note that after failing to pass the resistance of the 1.1820 mark, the rate lost more than 50 base points in just 8 hours. Some attributed the decline to an upcoming speech of ECB President Christine Lagarde, which was scheduled for
As the price for gold was testing the support zone below the 1,785.00 level, the US Consumer Price Index was released. The worse than forecast US data caused a drop of the value of the USD. Subsequently, the price of gold jumped. During the three hour surge, the bullion broke above the resistance of the 200-hour SMA and the 1,800.00/1,805.00
The release of the US Consumer Price Index on Tuesday at 12:30 GMT caused a drop of the US Dollar. On the USD/JPY currency exchange rate charts the initial drop was followed up by a short recovery before the decline resumed. By the middle of Wednesday's European trading hours, the rate had reached the 109.30 level and lost 80 base
The GBP/USD currency exchange rate found support in the 1.3800 level just after GMT midnight to Wednesday. At mid-day the pair was testing and piercing the resistance of the 55, 100 and 200-hour simple moving averages in the 1.3825/1.3840 zone. If the pair manages to pass the resistance of the SMAs, it could once again test the weekly R1 simple pivot
The release of the US Consumer Price Index on Tuesday at 12:30 GMT, caused a drop of the value of the USD. The EUR/USD rate surged and broke the upper trend line of the channel down pattern. By the middle of Wednesday's European trading hours, the pair had started to fluctuate near the 1.1830 mark. If in the near term
The USD/CAD currency pair bounced off a support level formed by the 200– hour simple moving average at 1.2622 on Tuesday. As a result, the US Dollar surged by 88 pips or 0.70% against the Canadian Dollar.
Downside risks dominated the GBP/JPY currency pair on Tuesday. As a result, the British Pound plunged by 138 pips or 0.91% against the Japanese Yen during Tuesday's trading session.