On Tuesday, the Australian Dollar declined by 52 pips or 0.71% against the US Dollar. The 50– hour simple moving average pressured the currency pair lower during Tuesday's trading session.
On Tuesday, the common European currency declined by 69 pips or 0.53% against the Japanese Yen. The currency pair breached the 50– hour simple moving average during Tuesday's trading session.
Since September 8, the price for gold has continued to fluctuate sideways between a support zone below the 1,785.00 level and resistance above the 1,800.00 mark. On Tuesday, the price was reached by the resistance of the 100-hour simple moving average, which together with the 55-hour SMA started to push the metal down. If the hourly simple moving averages manage to
Since Monday the USD/JPY pair has been fluctuating near the 110.00 mark. Despite the rate trading almost sideways it appears that the volatility of the currency exchange rate has been decreasing. Due to that reason a larger move up or down could be expected. In the case of a potential surge, the rate would first test the resistance zone near the
On Tuesday, the GBP/USD currency exchange rate surged and touched the 1.3880 level. The zone above this level has kept the currency pair down throughout September. If the pair manages to break the resistance of the 1.3880 zone, the rate could reach for the resistance of the 1.3900 mark and the weekly R1 simple pivot point at 1.3910. Above these
On Tuesday, Dukascopy Analytics spotted a channel down pattern on the EUR/USD hourly candle chart. The pattern appears to have guided the pair down since the September 3 bounce off from the resistance of the 1.1900 level. During Tuesday's morning trading hours, the rate was testing the resistance of the pattern near 1.1830. If the rate bounced off the resistance
On Monday, the US Dollar declined by 51 pips or 0.40% against the Canadian Dollar. The currency pair breached the 50– hour simple moving average during Monday's trading session.
On Monday, the GBP/JPY currency pair bounced off the support level formed by the 200– hour simple moving average at 151.80. As a result, the Pound Sterling surged by 42 pips or 0.27% against the Japanese Yen during Monday's trading session.
On Monday, the Australian Dollar rose by 30 pips or 0.40% against the US Dollar. The surge was stopped by the 50– hour simple moving average during Monday's trading session.
On Monday, the common European currency edged higher by 34 pips or 0.26% against the Japanese Yen.
On Friday, the USD/CAD currency pair bounced off the lower line of an ascending channel pattern at 1.2588. As a result, the US Dollar surged by 103 pips or 0.82% against the Canadian Dollar.
On Friday, the British pound fell by 75 pips or 0.49% against the Japanese Yen. The decline was stopped by the 50– hour simple moving average during Friday's trading session.
On Friday, the Australian Dollar declined by 61 pips or 0.82% against the US Dollar. The AUD/USD currency pair breached the 50– and 200– hour SMAs during Friday's trading session.
On Friday, the Eurozone single currency declined by 47 pips or 0.36% against the Japanese Yen. The 50– hour simple moving average pressured the exchange rate lower during Friday's trading session.
The yellow metal's price passed the resistance of the 1,800.00 level on Friday morning. The 1,800.00 kept the rate from surging since the start of September 8. However, the price almost immediately found resistance in the 100-hour simple moving average near 1,805.00. In the case that the price passes the 100-hour simple moving average, the bullion could test the resistance of
On Friday morning, the USD/JPY bounced off the combined resistance of the 55, 100 and 200-hour simple moving averages and the 110.00 round exchange rate level. Meanwhile, note that the rate ignored the support and resistance of the weekly simple pivot point at 109.82. In the case that the rate declines, it could look for support near the 109.60 level. A
The GBP/USD passed all technical resistance levels up to the September high level zone. On Friday morning, the rate was testing the resistance of the zone. Future forecasts depended on whether the resistance holds. In the case that the September high zone holds, a potential decline would aim at the weekly simple pivot point at 1.3833. Below the pivot point, the
On Friday morning, the EUR/USD currency exchange rate passed the resistance of the 55, 100 and 200-hour simple moving averages and reached the 1.1850 level. In the near term future, the currency exchange rate could test the resistance of the weekly simple pivot point at the 1.1858 level. Above this level, the pair could test the July and August
On Thursday, the US Dollar declined by 92 pips or 0.72% against the Canadian Dollar. The currency pair tested the lower boundary of an ascending channel pattern at 1.2629 during yesterday's trading session.
On Thursday, the British Pound surged by 59 pips or 0.39% against the Japanese Yen. A breakout occurred through the upper boundary of a descending channel pattern during Thursday's trading session.
On Thursday, the Australian Dollar surged by 37 pips or 0.50% against the US Dollar. The currency pair breached 50– and 200– hour SMAs during Thursday's trading session.
On Friday, the common European currency declined by 54 pips or 0.42% against the Japanese Yen. The currency pair tested the lower line of an ascending channel pattern at 129.69 during Thursday's trading session.
The yellow metal's decline eventually found support in a zone that is located just below the 1,785.00 level. Meanwhile, it was spotted that the pair has been finding resistance in a zone just above the 1,800.00 mark. In the near term future, the metal could trade sideways between the mentioned 1,785.00 and 1,800.00 levels until it is approached by the
Wednesday's decline of the USD/JPY currency exchange rate continued on into Thursday's early trading hours. By the middle of the day's European trading hours, the pair had reached below the 110.00 mark and the weekly simple pivot point at 109.92. A potential target for the decline was the 109.60 level, which provided the pair with support on September 3. However, the