The EUR/USD currency exchange rate started the week by finding support in the new weekly simple pivot point at 1.2126 and starting a surge. By the middle of Monday's trading hours, the rate had touched the 1.2170 level which appeared to be capable to provide resistance. In the near term future, the rate could pass the 1.2170 level and make
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The yellow metal's price found support in the 200-hour simple moving average and started a surge. Note that the surge is captured by the borders of a channel up pattern. In addition, note that by the middle of Friday's trading, the metal had passed the resistance of the 55 and 100-hour simple moving average. In the case of the pattern holding,
The USD/JPY has revealed a minor channel down pattern, which captures the rate's decline in the aftermath of the Wednesday's US CPI release surge. Future scenarios were based upon whether or not the rate continues to trade in the pattern's borders. In the case of the channel down pattern holding, the rate would gradually decline to the support of the 100
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The decline of the GBP/USD did not reach the support of the 200-hour simple moving average on Thursday. Instead, the rate found support in the 1.4005/1.4015 zone, which had provided both resistance and support on Monday. On Friday morning, the GBP/USD had recovered to the 1.4070 level, where it encountered the 55-hour simple moving average. The 55-hour SMA could provide resistance
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On Friday morning, the EUR/USD currency exchange rate passed the resistance of the 55 and 200-hour simple moving averages and reached above the 1.2100 level. However, almost immediately resistance was provided by the weekly simple pivot point at 1.2109. In the case of the rate passing the resistance of the weekly simple pivot point, the pair would face the resistance
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In the aftermath of the release of the US Consumer Price Index, the yellow metal declined until it found support in the 1,812.00/1,818.00 zone. In the near term future, the 200-hour simple moving average would approach the price and provide support. In the case of a potential surge, the rate could recover first to the 55 and 100-hour simple moving averages
As the US Consumer Price Index was released on Wednesday and revealed a lot larger inflation in the United States than previously expected, the US Dollar surged against the Japanese Yen. During five hours, the currency exchange rate surged by almost 100 base points or 0.90%. Moreover, the surge slowly continued until it reached the 109.80 level and booked a new
The release of the US Consumer Price Index caused two hours of high volatility during the mid-day of Wednesday. It was followed up by a decline. By the middle of Thursday's trading, the rate had passed the support of the 100-hour simple moving average at 1.4078 and the weekly R1 simple pivot point at 1.4064. In the near term future, the
As the United States released its inflation data, the EUR/USD began to trade with high volatility on Wednesday. The high volatility ended below the 200-hour SMA at the 1.2066 level. The rate's decline appeared to have been stopped by the support of the 1.2053/1.2070 zone, which provided both resistance and support on May 6. During the early Thursday's trading hours,
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On Tuesday, the yellow metal did not find support in the 55-hour simple moving average near 1,830.00. Instead, the price declined to the 1,818.20 level. The event confirmed that the 1,812.80/1,818.20 zone could provide support in the future. During the early hours of Wednesday's trading, the price was located in the middle between the 1,812.80/1,818.20 support zone and the resistance of