The EUR/USD currency pair bounced off a support level formed by the 50– and 200– hour SMAs at 128.66 on Tuesday.
The yellow metal passed the resistance zone below the 1,795.00 level in a sharp move upwards. During the surge, the rate passed the 1,800.00 mark and confirmed the 1,795.00 level as support. Since the surge at mid-day on Monday, the commodity price has been trading sideways around the 1,805.00 level. In the case of a surge, the commodity price could reach
Despite passing the resistance of the 110.00 level, the USD/JPY currency exchange rate did not surge to the weekly R1 at 110.32. Instead, the pair bounced off the 110.15 level and declined, ignoring all technical support levels. Namely, the 55, 100 and 200-hour SMAs, the weekly simple pivot point and the lower trend line of a channel up pattern were
The recovery from the support of the 1.3600 mark broke one resistance level after another. However, by the middle of Tuesday's European trading hours, it appeared that the GBP/USD had ended its surge. Namely, the rate had bounced off the 1.3750 mark and declined to 1.3700. In the case that the rate passes the support of the 1.3700 level, the GBP/USD
The surge of the EUR/USD managed to pass the resistance of the weekly simple pivot point at 1.1723 and the 200-hour simple moving average near 1.1730. Moreover, the rate reached the 1.1750 level before slightly declining on Tuesday morning. In the case that the currency exchange rate surges, the pair would need to pass the resistance of the 1.1750 level
Downside risks pressured the USD/CAD currency pair lower on Monday. As a result, the US Dollar declined by 188 pips or 1.47% against the Canadian Dollar during yesterday's trading session.
On Monday, the British Pound surged by 126 pips or 0.84% against the Japanese Yen. A breakout occurred through the upper boundary of a descending channel pattern during yesterday's trading session.
Upside risks dominated the AUD/USD currency pair on Monday. As a result, the Australian Dollar surged by 93 pips or 1.31% against the US Dollar during yesterday's trading session.
On Monday, the European single currency edged higher by 82 pips or 0.64% against the Japanese Yen. The currency pair breached the 200– hour simple moving average during Monday's trading session.
Since August 18, the yellow metal's price has been fluctuating between the support of the 1,775.00/1,777.00 zone and the resistance of the 1,792.00/1,796.00 levels. Meanwhile, the commodity price was ignoring the 55 and 100-hour simple moving averages that were located between the mentioned zones. In the case of a surge above the 1,792.00/1,796.00 zone, the commodity price would almost immediately
The USD/JPY passed the supporting trend line of the channel up pattern, which guided the rate since August 15. However, the 100-hour simple moving average almost immediately provided the pair with additional support. Afterwards, the rate returned to trading in the borders of the channel. On Monday morning, the USD/JPY currency exchange rate was testing the resistance of the 110.00 level. In
The decline of the GBP/USD recovered after reaching the 1.3600 level. By the middle of Monday's European trading hours, the currency exchange rate had recovered to the 1.3660 level. In addition, analysts have spotted a new channel down pattern on the pair's hourly candle chart. If the rate passes the resistance of the channel down pattern, the GBP/USD could aim at
At the start of this week's trading, the EUR/USD currency exchange rate passed the resistance of a channel down pattern. The pattern had guided the rate down since August 13. During the early hours of Monday's trading, the pair reached and bounced off the resistance of the weekly simple pivot point at 1.1723 and reached the support of
The US Dollar fell by 116 pips or 0.90% against the Canadian Dollar on Friday. The currency pair breached a support level formed by the 50– hour simple moving average at 1.2814 during Friday's trading session.
Since Friday's trading session, the British Pound has surged by 84 pips or 0.56% against the Japanese Yen. The currency pair breached the 50– hour simple moving average on Monday morning.
The AUD/USD currency pair bounced off a support level at 0.7109 on Friday. As a result, the Australian Dollar edged higher by 41 pips or 0.58% against the US Dollar during Friday's trading session.
On Friday, the Eurozone single currency surged by 56 pips or 0.44% against the Japanese Yen. The currency pair breached the 50– hour simple moving average during Friday's trading session.
On Thursday, the yellow metal's price declined by 100 pips or 0.55%. A breakout occurred through the lower boundary of an ascending channel pattern during Thursday's trading session.
On Thursday, the US Dollar declined by 62 pips or 0.56% against the Japanese Yen. The decline was stopped by the 100– hour simple moving average at 109.58 during yesterday's trading session.
The British Pound plummeted by 110 pips or 0.80% against the US Dollar on Thursday. A breakout occurred through the lower boundary of a descending channel pattern during Thursday's trading session.
During the first half of Thursday's trading session, the EUR/USD currency pair surged by 30 pips or 0.26%. However, the exchange rate erased the earlier gains by the end of the trading session.
On Wednesday, the yellow metal's price declined by 108 pips or 0.61%. The commodity breached the 55– hour simple moving average during yesterday's trading session.
On Wednesday, the US Dollar surged by 55 pips or 0.51% against the Japanese Yen. A breakout occurred through the upper line of a descending channel pattern during yesterday's trading session.
Since the second half of yesterday's trading session, the British Pound has declined by 58 pips or 0.42% against the US Dollar.