On Tuesday, the British Pound declined by 116 pips or 0.84% against the US Dollar. The exchange rate breached the 55-, 100 and 200– hour SMAs during Tuesday's trading session.
On Tuesday, the common European currency fell by 82 pips or 0.69% against the US Dollar. The currency pair was pressured lower by the 200– hour simple moving average during yesterday's trading session.
The XAU/USD exchange rate has been trading in a narrow ascending channel pattern since June 30. The yellow metal surged by 100 points during Monday's trading session.
The US Dollar declined by 35 pips or 0.31% against the Japanese Yen on Monday. The currency pair breached the 55-, 100– and 200– hour SMAs during yesterday's trading session.
The British Pound edged higher by 43 pips or 0.31% against the US Dollar on Monday. The currency pair breached the 200– hour simple moving average at 1.3859 during Monday's trading session.
The common European currency surged by 26 pips or 0.22% against the US Dollar on Monday. The surge was stopped by the weekly pivot point at 1.1873 during Monday's trading session.
Despite the volatility caused by the publication of the monthly US employment data, the yellow metal's price continues to surge in the borders of a channel up pattern. However, it was spotted on Monday that the 1,795.00 level was providing the price with resistance. In the case that the price gains enough support from the lower trend line of the
The USD/JPY failed to pass the resistance zone above the 111.60 level. Moreover, during the last attempt to reach higher, the rate was beat down by fundamental news. Namely, worse than expected US employment data was released on Friday at 12:30 GMT. By the middle of the day's European trading hours, the rate had extended its decline and reached the 110.80
On Friday, at 12:30 GMT, the US statisticians published monthly employment data, which caused a decline of the US Dollar. The initial decline was followed up by an extension of the fall of the value of the US Dollar. On the GBP/USD charts it resulted in a move upwards. By the middle of Monday's trading hours, the rate had reached
On Friday, at 12:30 GMT, the release of US monthly employment data caused a surge, which broke the resistance of the 55 and 100-hour simple moving averages. By the middle of Monday's European trading hours, the pair had reached the 1.1880 level and had no technical resistance as high as the 1.1900 level. In the near term future, the rate
The US Dollar plunged by 128 or 1.03% against the Canadian Dollar on Friday. A breakout occurred through the lower boundary of an ascending channel pattern during Friday's trading session.
The British Pound rose by 62 pips or 0.41% against the Japanese Yen on Friday. The currency pair tested the upper line of a descending channel pattern at 153.74 during Friday's trading session.
The Australian Dollar edged higher by 81 pips or 1.09% against the US Dollar on Friday. The currency pair bounced off the lower line of a descending channel pattern during Friday's trading session.
The common European currency declined by 55 pips or 0.42% against the Japanese Yen on Friday. The currency pair breached the 50– and 200– hour SMAs during Friday's trading session.
There are a number of important updates to note in regards to the price of Gold. First of all, the price has pierced the resistance line of the recent June high levels. Secondly, the price has revealed that it is surging in a channel up pattern. In addition, the simple moving averages are left below the bullion. If the metal continues
The US Dollar has encountered resistance against the Japanese Yen in a zone from 111.63 to 111.66. On Friday morning, the rate bounced off this zone and declined to the 111.40 mark, which was supported by the weekly R1 simple pivot point. In the near term future, the rate could find support in the 111.40 level and recover. In this case
The 1.3820 level provided enough resistance for the GBP/USD to pass below the lower trend line of the channel down pattern, which guided the rate since June 23. During Friday's trading hours, the rate fluctuated sideways near the 1.3750 mark. In theory, the pair should decline, as it has no technical support as low as the 1.3677 level, where the
On Thursday, the EUR/USD found enough support in the 1.1840 level and surged. The surge broke the resistance of the channel down pattern, which had guided the rate since June 25. However, the rate found resistance in the 55-hour simple moving average. The SMA caused a decline that on Friday was heading to the 1.1800 mark. In the case that
The US Dollar surged by 77 pips or 0.62% against the Canadian Dollar on Thursday. The currency pair breached the weekly resistance level at 1.2434 during yesterday's trading session.
The Pound Sterling edged higher by 62 pips or 0.40% against the Japanese Yen on Thursday. The surge was stopped by the 200– hour simple moving average during yesterday's trading session.
The 50– hour simple moving average pressured the AUD/USD exchange rate lower during yesterday's trading session. As a result, the Australian Dollar declined by 46 pips or 0.62% against the US Dollar on Thursday.
The EUR/JPY currency pair bounced off a support level formed by the 50– hour simple moving average at 131.60 on Thursday.
On Wednesday, the yellow metal passed the resistance of the 1,765.00 level. Afterwards, the commodity price one by one passed the technical resistance of the 55, 100 and 200-hour simple moving averages. By the middle of Thursday's European trading hours, the price had almost reached the 1,780.00 level. Note the resistance of the descending trend line of the last week's high
The USD/JPY ended the sideways trading around the 110.50 level by sharply surging up. It initially jumped to the zone above the 111.00 level. A following sideways trading ended in a resumption of the surge during early Thursday's hours. The surge was expected to reach the resistance of the weekly R1 simple pivot point at 111.40. In the case that the