The 55– hour simple moving average pressured the EUR/USD currency pair lower during Tuesday's trading session.
During the second part of Monday's trading session, the yellow metal's price surged by 150 pips or 0.83%.
On Monday, the US Dollar plunged by 86 pips or 0.78% against the Japanese Yen. The currency pair tested the lower boundary of a descending channel pattern at 109.18 during Monday's trading session.
Downside risks dominated the GBP/USD exchange rate on Monday. As a result, the British Pound fell by 89 pips or 0.65% against the US Dollar during Monday's trading session.
The EUR/USD currency pair bounced off a support level formed by the lower boundary of a descending channel pattern at 1.1765 on Monday.
The yellow metal's price fell by 215 points or 1.17% during Friday's trading session. The decline was stopped by the 200– hour simple moving average at 1811.00 on Friday.
The US Dollar rose by 55 pips or 0.50% against the Japanese Yen on Friday. The surge was stopped by the 200– hour simple moving average at 110.20 during Friday's session.
The GBP/USD currency pair failed to surpass the resistance levels formed by the 55-, 100– and 200– hour SMAs on Friday. As a result, the exchange rate fell by 97 pips or 0.70% during Friday's trading session.
The decline of the EUR/USD currency exchange rate found support at the lower boundary of a descending channel pattern at 1.1790.
The yellow metal failed to properly reach the 1,835.00 level before starting a retracement down. The retracement ended just above the 1,820.00 level. Since the middle of Thursday's trading, the metal has traded between the mentioned price levels. On Friday, the bullion was approached by the support of the 55-hour simple moving average near 1,824.00 If the SMA manages to push the
Upside risks dominated the USD/CAD currency pair on Thursday. As a result, the US Dollar edged higher by 104 pips or 0.84% against the Canadian Dollar during yesterday's trading session.
The USD/JPY currency exchange rate has revealed that it is trading sideways in a 35 base point range between the 109.74 and 110.09 levels. Meanwhile, additional resistance was being provided by the 55-hour simple moving average at 110.05 In the case that the rate passes the levels near 110.00, it would face additional resistance from the 100-hour simple moving average at
On Thursday, the British Pound fell by 103 pips or 0.68% against the Japanese Yen. The currency pair was pressured lower by the 50– and 200– hour SMA during Thursday's trading session.
The GBP/USD failed to pass the resistance zone near the 1.3900 level. Namely, the rate bounced off exactly the 1.3900 mark. This was followed by a decline to the support zone of the July 13 and 14 low levels just above the 1.3800 mark. Meanwhile, note that, by large, the rate ignores the hourly simple moving averages. In the near term
The recovery of the EUR/USD failed to pass the resistance of the 1.1850 mark. It resulted in a decline, which eventually found support in the 1.1800 level. On Friday morning, the rate was trading sideways above the 1.1800 level. In the case that the rate recovers it would face the resistance of the 55-hour simple moving average at 1.1815 first.
On Thursday, the 200– hour simple moving average pressured the AUD/USD currency pair lower. As a result, the Australian Dollar declined by 66 pips or 0.88% against the US Dollar.
Since this week's trading sessions, the 50– hour simple moving average continued to pressure the EUR/JPY currency pair lower. The common European currency fell by 52 pips or 0.40% against the Japanese Yen on Thursday.
On Thursday, the yellow metal's price passed the resistance of the 1,830.00 level. The price managed to do so after finding support in the 1,820.00 level. In the near term future, the metal could continue to gradually surge from one round price level to another. Stronger resistance would be expected from the 1,850.00 mark. In the meantime, take into account that
At GMT midnight to Thursday, the USD/JPY ended trading sideways at the 110.00 level and started a decline. During the early European trading hours, the rate had reached below the 109.80 level. Meanwhile, no support was close by as far as the July low level at 109.54. In the case of a decline, the rate would highly likely reach the July
During early Thursday's trading hours, the GBP/USD currency exchange rate traded in the 1.3820/1.3870 range. Meanwhile, the pair ignored the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.3853. In the case of a decline, the currency pair would most likely look for support in the 1.3800 mark. If the 1.3800 level's support fails, the
On Thursday morning, the EUR/USD pierced the resistance of the 100 and 200-hour simple moving averages near the 1.1840 level. In the case that the rate surges, the pair would reach the resistance of the weekly simple pivot point at 1.1852. A failure of the pivot point could result in a test of the resistance zone just below the
The USD/CAD currency pair bounced off a support level formed by the 200– hour simple moving average at 1.2450 on Wednesday.
The British Pound plunged by 92 pips or 0.60% against the Japanese Yen on Wednesday. The currency pair breached the 50– and 200– hour SMAs during Wednesday's trading session.
The Australian Dollar grew by 46 pips or 0.61% against the US Dollar on Wednesday.