On Thursday, the common European currency edged higher by 42 pips or 0.32% against the Japanese Yen. The currency pair breached the resistance level at 130.40 during yesterday's trading session.
The yellow metal has continued to trade in the 1,810.00/1,815.00 zone. However, on Wednesday, a USD drop was caused by the US ADP payrolls. The event created a test of the 1,820.00 price level for gold. The 1,820.00 mark provided resistance and the bullion returned to trade in the previous zone. Meanwhile, on Thursday morning, the 100-hour simple moving average caught
As the rate was testing the resistance of the 110.40 level, the US ADP payrolls caused an all out USD drop. On the USD/JPY charts it resulted in a decline to the support of the 200-hour simple moving average at 109.90. By the start of Thursday's European trading hours, the SMA was still keeping the rate up, as it tested
The rate surged and passed resistance levels on Wednesday, as the US ADP payrolls caused a decline of the USD. The surge of the GBP/USD was stopped by the 1.3800 level. A follow up decline eventually found support in the 55-hour simple moving average near 1.3765. In the case that the 55-hour simple moving average pushes the rate up, the
The release of US ADP payrolls caused an all-out decline of the US Dollar. Due to that reason, the EUR/USD currency exchange rate began a surge. The surge reached the upper trend line of the channel up pattern, which had guided the rate since August 19. On Thursday, the rate had retreated and traded sideways, as previous gains were being
On Wednesday, the US Dollar surged by 53 pips or 0.43% against the Canadian Dollar. The surge was stopped by the 200– hour simple moving average at 1.2635 during Wednesday's trading session.
On Wednesday, the British Pound fell by 46 pips or 0.30% against the Japanese Yen. The decline was stopped by the 50– hour simple moving average during yesterday's trading session.
On Wednesday, the AUD/USD currency pair bounced off a support level formed by the 50– hour simple moving average at 0.7311.
On Wednesday, the common European currency surged by 57 pips or 0.44% against the Japanese Yen. The 50– hour simple moving average led the currency pair higher during yesterday's trading session.
On Tuesday, the yellow metal dipped below the support zone of 1,810.00 level. However, the price almost immediately found support in the 100-hour simple moving average near 1,802.00. On Wednesday, the price had recovered and traded sideways around the 1,815.00 level. If the 100-hour simple moving average catches up with the price, the metal could surge. A potential surge could reach
Despite piercing the supporting trend line, the USD/JPY did not decline. The rate found support in the 109.60 level and surged. By the middle of Wednesday's GMT trading hours, the pair had reached the 110.40 level. In the near term future the pair could reach for the resistance of the zone that is located above the 110.50 mark. Above the
The rate's two attempts to pass the 1.3800 mark failed and a decline followed. On Wednesday morning, the GBP/USD currency exchange rate found support in the lower trend line of the channel up pattern, which has guided the pair since August 19. If the rate continues to recover from the lower trend line of the channel up pattern, the GBP/USD
After reaching the 1.1840 level on Tuesday, the EUR/USD began a decline. The decline eventually reached the support of the 1.1800 level before recovering. Meanwhile, take into account that the pair had shortly fluctuated below the 1.1800 mark. In general, the zone around the 1.1800 mark appears to be one where reversals have been happening throughout August 2021. It has
On Tuesday, the US Dollar surged by 67 pips or 0.54% against the Canadian Dollar. The currency pair breached the 50– hour simple moving average during Tuesday's trading session.
The GBP/JPY currency pair failed to break the 151.50 resistance level on Tuesday.
On Tuesday, the Australian Dollar edged lower by 30 pips or 0.41% against the US Dollar.
The common European currency declined by 49 pips or 0.38% against the Japanese Yen on Tuesday. The decline was stopped by the 50– hour simple moving average at 129.60 during Tuesday's trading session.
The yellow metal's price, on Monday, retraced down and found support in the late-August high level zone near 1,805.00/1,810.00. On Tuesday morning, additional support was approaching the bullion. Namely, the 55-hour simple moving average reached above the 1,810.00 level. If the 55-hour SMA manages to push the price up, the metal would have to pass the 1,820.00 level first. Afterwards, the
The USD/JPY ignored the resistance of the 55, 100 and 200-hour simple moving averages in the 109.85/109.95 zone. Moreover, the weekly simple pivot point at 109.85 provided the rate with resistance for only three hours before being passed. However, since the middle of Monday's trading hours, the pair has been respecting the 110.00 mark. If the pair manages to pass
The GBP/USD has passed the August high level zone and reached the 1.3800 level. During Tuesday's early London trading hours, the rate had retraced back down and looked for support. The pair could gain support from the 55 and 100-hour simple moving averages or the previously passed August high level zone. A resumed surge of the GBP/USD would have to
The EUR/USD has clearly passed the previous August high level near 1.1800. On Tuesday morning, the currency exchange rate reached the 1.1830 level. After reaching the 1.1830, the pair began to consolidate. In the near term future, the pair could trade sideways until it is approached by the support of the 55 and 100-hour simple moving averages. The SMAs could
The US Dollar edged lower by 46 pips or 0.36% against the Canadian Dollar on Monday. The USD/CAD currency pair tested the support level at 1.2581 during Monday's trading session.
Since yesterday's trading session, the British Pound has edged higher by 54 pips or 0.36% against the Japanese Yen. The currency pair breached the resistance line at 151.45 on Tuesday morning.
The Australian Dollar declined by 28 pips or 0.38% against the US Dollar on Monday. However, the currency pair bounced off a support line formed by the 50– hour simple moving average at 0.7288 during the Asian session on Tuesday