The EUR/JPY currency pair bounced off a support level formed by the 50– hour SMA at 130.40 on Tuesday.
The summer high levels provided enough resistance for the yellow metal's price to decline to previous trading levels. At mid-day on Tuesday, the price passed the support of the 200-hour SMA and the 1,810.00 level. In the near term future, the metal was expected to continue to decline, as it had no technical support. However, most likely round price levels are
At mid-day on Tuesday, the USD/JPY currency exchange rate passed the resistance of the weekly simple pivot point and the 100 and 200-hour simple moving averages in the 109.92/109.95 zone. However, the rate's attempts at surging higher were immediately stopped by the 110.00 mark. If the rate manages to pass the resistance of the 110.00 level, the pair could reach for
At mid-day on Tuesday, the GBP/USD currency exchange rate broke the lower trend line of the channel up pattern, which had guided the rate since the middle of August. In the near term future, the pair was expected to reach for the support of the 1.3770/1.3785 zone. If the 1.3770/1.3785 support zone reverses the rate's decline, the GBP/USD could aim
The EUR/USD found support on Monday in the weekly simple pivot point at 1.1858. On Tuesday, the rate had slightly recovered. In the meantime, the pair was approached by the 100-hour simple moving average, which could provide additional support and push the rate up. In the case of a surge, the EUR/USD currency exchange rate would most likely test the
On Monday, the US Dollar fell by 32 pips or 0.26% against the Canadian Dollar. However, the USD/CAD currency pair rebounded during the Asian session on Tuesday.
The British Pound declined by 34 pips or 0.22% against the Japanese Yen on Monday. The currency pair breached a support level, formed by the 50– hour simple moving average during Monday's trading session.
Since Monday's trading session, the Australian Dollar has declined by 33 pips or 0.44% against the US Dollar. The currency pair breached the 50– hour simple moving average at 0.7438 during the Asian session on Tuesday.
The EUR/JPY currency pair traded with low volume on Monday. As a result, the Eurozone single currency made about 17 pips or 0.13% against the Japanese Yen during Monday's trading session.
The yellow metal broke out of the triangle pattern. The move was caused by the worse than forecast US employment data, which caused an all-out drop of the USD. The following surge ended at the resistance zone of the August high level at 1,830.00/1,835.00. On Monday morning, the price had declined and found support in the 1,825.00 level. If the price of
The USD/JPY dropped, as the US monthly employment data was released on Friday. The drop was eventually stopped and reversed by the support of the 109.60 level. By the middle of Monday's European trading hours, the rate had recovered to a cluster of technical levels that surrounded the 109.90 level. The cluster consisted of the 55, 100 and 200-hour simple
The release of worse than expected US employment data caused a surge of the GBP/USD on Friday. The surge was stopped by the upper trend line of the channel up pattern, which has guided the rate since the middle of August. The event was followed up by a decline. On Monday morning, the decline was heading for the combined support
The release of US monthly employment data on Friday caused an increase of volatility, which broke the channel up pattern that guided the rate since August 19. Afterwards, the rate began a decline. On Monday morning, the currency exchange rate's decline passed the support of the 55-hour simple moving average. In the near term future, the rate was expected to
On Friday, the US Dollar declined by 56 pips or 0.45% against the Canadian Dollar. The USD/CAD currency pair tested the 1.2500 level support during Friday's trading session.
On Friday, the British Pound edged higher by 42 pips or 0.28% 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 edged higher by 62 pips or 0.84% against the US Dollar.
During Friday's trading session, the common European currency declined by 50 pips or 0.38% against the Japanese Yen. The currency pair breached the lower boundary of an ascending channel pattern on Friday.
The previously assumed-to-be sideways trading of the yellow metal has been slowly decreasing volatility. Moreover, by inspecting the hourly candle chart, a triangle pattern has been spotted. In theory, all trading in a triangle pattern eventually ends with a break out either to the upside or downwards. In the case that the rate breaks out up, it would face the resistance
Since the middle of Wednesday's trading, the USD/JPY has continued to trade sideways around the 110.00 level. However, up to the start of Friday's trading, the rate was finding support in the 200-hour simple moving average. On Friday, the rate shortly traded below the SMA indicating that it might not continue to provide support. In the case the USD/JPY currency exchange
The GBP/USD currency exchange rate managed to pass the resistance of the 1.3800 level. It resulted in a sharp surge, which stopped, as it approached the 1.3850 mark. Afterwards, the GBP consolidated its gains against the US Dollar by retracing down. On Friday morning, the decline found support in the weekly R1 simple pivot point at 1.3826. If the pair resumes
On Thursday, the EUR/USD currency exchange rate found support in the weekly R1 simple pivot point at the 1.1837 level. It resulted in a surge. The surge initially respected the upper trend line of a channel up pattern and the weekly R2 simple pivot point's resistance. However, on Friday morning the pair shortly pierced the trend line before returning
Downside risks dominated the USD/CAD currency pair on Thursday. As a result, the US Dollar declined by 90 pips or 0.72% against the Canadian Dollar during Thursday's trading session.
The GBP/JPY currency pair bounced off a support level formed by the 50– hour simple moving average at 151.45 on Thursday.
The 50– hour simple moving average guided the AUD/USD currency pair on Thursday. As a result, the Australian Dollar surged by 52 pips or 0.71% against the US Dollar during yesterday's trading session.