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
The common European currency rose by 26 pips or 0.20% against the Japanese Yen on Monday. The currency pair breached the resistance line at 129.65 during Monday's trading session.
On Friday, the price for gold jumped, as it passed the 1,800.00 level and other round price levels. The surge ended when the price made an attempt to pass the resistance of the 1,820.00 mark. After shortly trading above the 1,820.00 level, the rate retreated to trade below it. A potential surge above the 1,820.00 level could reach for the August
After making attempts to pass the August high levels near 110.20, the USD/JPY currency exchange rate retreated on Friday. On Monday, the rate traded below the resistance of three hourly simple moving average and the weekly simple pivot point at 109.86. In the case that the 55 and 100-hourly simple moving averages decline, the USD could lose value against the Japanese
On Monday morning, the GBP/USD currency exchange rate was testing the resistance of the August high level and the 1.3780 mark. In the meantime, the most close by technical support levels were located near the 1.3735 level. If the pair passes the resistance of the August high levels and the 1.3780 level, the 1.3800 could provide resistance. Above the 1.3800 mark,
On Monday morning, the EUR/USD currency exchange rate pierced the August high level near the 1.1800 mark. However, by the middle of the day's European trading the event was not followed up by a surge. In the case of a surge, the rate could reach for the resistance of the weekly R1 simple pivot point at 1.1837 and the weekly
On Friday, the US Dollar declined by 92 pips or 0.72% against the Canadian Dollar.
The GBP/JPY currency pair bounced off a support level formed by the 200– hour simple moving average at 150.57 on Friday.
On Friday, the Australian Dollar edged higher by 90 pips or 1.25% against the US Dollar. The currency pair breached the resistance level at 0.7279 during Friday's trading session.
On Friday, the common European currency surged by 42 pips or 0.32% against the Japanese Yen.
On Thursday, the yellow metal's price rose by 110 pips or 0.62%. The commodity breached the 55– and 100– hour simple moving averages during Thursday's trading session.
The USD/JPY currency pair failed to break the resistance level at 110.20 on Thursday.