The common European currency has declined by 42 pips or 0.31% against the Japanese Yen since Thursday's trading session. A breakout occurred through the lower boundary of an ascending channel pattern during the Asian session on Friday.
Gold found resistance in the 1,910.00 mark once again, during early hours of Wednesday's trading. By the middle of the day's trading, the commodity price had reached below the 1,900.00 level. In addition, the price had passed the support of the 55, 100 and 200-hour simple moving averages. In the near term future, the price was heading to the support zone
The USD/JPY currency exchange rate failed to even reach the 110.00 level on Wednesday. The pair encountered resistance already at 109.88. Afterwards, the pair retraced down to the weekly simple pivot point at 109.56, which provided support. By the middle of Thursday's trading, the rate had recovered and was expected to make another attempt to pass the resistance zone below
The GBP/USD found support just above 1.4110, on Wednesday, before starting a recovery that reached the resistance of the 55 and 100-hour simple moving averages near 1.4180. Note that during the prior decline, the rate pierced the support of the weekly S1 simple pivot point at 1.4119. On Thursday, the currency exchange rate had clearly bounced off the resistance of
On Wednesday, the EUR/USD found support in the zone just above the 1.2160 mark and retraced back up to the resistance of the 55-hour simple moving average near 1.2220. Afterwards, the rate bounced off this level and began a decline. By the middle of Thursday's trading, the rate was heading back to the support of the 1.2160 level. In the
The US Dollar declined by 56 pips or 0.46% against the Canadian Dollar on Wednesday. The currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.
The Pound Sterling declined by 31 pips or 0.20% against the Japanese Yen on Wednesday. The currency pair tested the weekly pivot point at 155.22 during Wednesday's trading session.
During the first half of Wednesday's trading session, the Australian Dollar declined by 51 pips or 0.65% against the US Dollar. However, the currency pair regained the lost points at the end of the day.
The common European currency has been trading sideways against the Japanese Yen since May 27. The currency pair maintained the sideways movement during Wednesday's trading session.
After reaching above the 1,915.00 level on Tuesday, the yellow metal's price began a decline. During the first part of Wednesday's trading, the price was fluctuating sideways below the resistance of the 100-hour simple moving average. In the meantime, the rate was being approached by the support of the 200-hour simple moving average. In the near term future, the rate should
The USD/JPY currency exchange rate eventually found enough support in the 109.33/109.36 zone to pass the resistance of the 55-hour simple moving average, which reversed an attempted recovery on Tuesday. By the middle of Wednesday's trading hours, the pair had reached above the 61.80% Fibonacci retracement level at 109.83. In the near term future, the pair could first test the 110.00
During the first half of Wednesday's European trading hours, the GBP/USD reached the 1.4125 level. Meanwhile, the most close by technical support level was located at 1.4119. In the near term future, the pair could find support in the weekly S1 simple pivot point at 1.4119. In the case of the pivot point failing to hold, the rate could reach
On Wednesday, the EUR/USD passed the support of the 55, 100 and 200-hour simple moving averages. Moreover, the 1.2200 mark and the weekly simple pivot point at 1.2198 were passed. By the middle of the day's European trading hours, the rate had reached the 1.2170 level. In the near term future, the rate could test the support of the late
The USD/CAD currency pair bounced off a support level formed by the lower line of a descending channel pattern at 1.2009 on Tuesday. As a result, the exchange rate has surged by 75 pips or 0.62% since Tuesday's trading session.
The British Pound declined by 106 pips or 0.68% against the Japanese Yen on Tuesday. The decline was stopped by the 200– hour simple moving average during Tuesday's trading session.
The Australian Dollar surged by approximately 35 pips or 0.46% against the US Dollar on Tuesday. The currency pair tested the resistance level at 0.7785 during Tuesday's trading session.
The common European currency fell by 40 pips or 0.30% against the Japanese Yen on Tuesday. The exchange rate continued to trading within the 134.00/133.60 levels during yesterday's trading session.
On Tuesday, the price for gold booked a new high level, as the commodity shortly traded above the 1,915.00 level. The price managed to pass the previous May high of 1,913.12. In the near term future, the metal could gain support from the 55 and 100-hour simple moving averages and extend the surge. A potential target for the surge could be
The decline of the USD/JPY reached below the 109.40 level, where it found support in the 109.33/109.36 zone. During Tuesday's trading hours, the rate had recovered and reached the resistance of the 55-hour simple moving average near 106.70. If the 55-hour SMA provides enough resistance, the pair could once again test the 109.33/109.36 zone's support. If it would be passed, the
Despite passing the resistance of the zone above the 1.4220 level, the GBP/USD did not follow up with a large surge. The rate encountered resistance in the weekly R1 simple pivot point at 1.4246 and the 1.4250 level. By the middle of Tuesday's trading, the pair had retreated to the combined support of the 200-hour SMA and the weekly simple
On Monday, the EUR/USD managed to pass the resistance of the 100 and 200-hour simple moving averages near 1.2200. It was followed by a surge, which on Tuesday was testing the 1.2240 level. Note that the 1.2240 level reversed the rate's two surges. Namely, the EUR/USD bounced off the 1.2240 mark on May 19 and 21. In the case of
The US Dollar declined by 39 pips or 0.32% against the Canadian Dollar on Monday. The currency pair was pressured lower by the 50– and 200– hour SMAs during Monday's trading session.
The British Pound fell by 49 pips or 0.31% against the Japanese Yen on Monday. The GBP/JPY currency pair tested the support line at 155.38 during yesterday's trading session.
The 50– hour simple moving average provided support for the AUD/USD currency pair on Monday. As a result, the Australian Dollar has surged by 38 pips or 0.50% against the US Dollar since yesterday's trading session.