On Tuesday, the EUR/USD reached the zone at 1.1835/1.1845 that slowed down the rate's surge in late March and managed to reverse the early March decline. In addition, this zone was being strengthened by the weekly R1 simple pivot point at 1.1848. In the case of the resistance levels holding, the pair would most likely decline to the 1.1820 level,
Downside risks dominated the US Dollar against the Canadian Dollar on Monday. The USD/CAD exchange rate fell by 81 pips or 0.64% during yesterday's trading session.
On Monday, the British Pound surged by 42 pips or 0.27% against the Japanese Yen. The currency pair was guided by the 50– hour simple moving average during yesterday's trading session.
The Australian Dollar surged by 54 pips or 0.71% against the US Dollar on Monday. The currency pair bounced off from a support cluster formed by the 50– and 200– hour SMAs at 0.7613 during yesterday's trading session.
The common European currency surged by30 pips or 0.23% against the Japanese Yen on Monday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The support of the zone near the 1,680.00 level eventually caused a surge. It resulted in a surge, which by the middle of Thursday's trading hours had reached the 1,720.00 level. In the meantime, note the resistance cluster above the 1,721.00 level. The March 23 to 30 low level zone together with the 200-hour simple moving average had turned into
Since Wednesday's morning trading hours, the USD/JPY has traded sideways below the 110.80 level. The rate faces a resistance zone from 110.80 to 111.00. In the meantime, the support of the 55-hour simple moving average had caught up with the rate. In the case of the 55-hour simple moving average providing support and causing a surge, the rate could pierce
It appeared on Thursday, that in addition to ignoring the technical levels the GBP/USD has started to also ignore the resistance and support of round exchange rate levels. Meanwhile, it was spotted that there is a resistance zone above the 1.3800 level. In the case of the resistance zone holding, the pair could trade sideways below the 1.3800 level or decline.
The EUR/USD found resistance on Wednesday in the 1.1760 level, which caused a decline to the 1.1715 level. In the meantime, the rate was being approached by the 100-hour simple moving average, which had reached the 1.1750 level. In the near term future, the rate could be pushed down by the 100-hour simple moving average. The SMA could push the
The New Zealand Dollar surged by 53 pips or 0.76% against the US Dollar on Wednesday. The surge was stopped by the 200– hour simple moving average during yesterday's trading session.
The US Dollar declined by 85 pips or 0.67% against the Canadian Dollar on Thursday. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.
The Australian Dollar has declined by 86 pips or 1.12% against the US Dollar since Wednesday's trading session. The currency pair breached the weekly support level at 0.7547 during the Asian session on Thursday.
The common European currency surged by 72 pips or 0.50% against the Japanese Yen on Wednesday. The currency pair tested the weekly resistance level at 130.05 during Wednesday's trading session.
The yellow metal's price reached the support zone that surrounds the 1,680.00 level. This zone provided enough support for the price to consolidate by trading sideways above it. However, on Wednesday morning another attempt to pass it was made. The near term future scenarios were based upon whether or not the support zone holds. Due to that reason, Tuesday's forecasts remained
The testing of the 110.50 level's resistance was short, as during one hour it was passed. On Wednesday morning, the USD/JPY had almost reached the 111.00 level before retracing back down. In the meantime, note that the 110.40 and 110.20 levels had provided resistance and support. In regards to the near term future, the pair's retracement down was expected to look
Since the second part of Tuesday's trading, the GBP/USD has been finding support and resistance in round exchange rate levels. Namely, it found support in 1.3710 and 1.3720 and resistance was provided by 1.3750 and 1.3760. On Wednesday morning, the rate was approaching the resistance of the 1.3780 level, which was strengthened by the 200-hour simple moving average and the weekly
During the early hours of Wednesday's trading hours, the EUR/USD found support in the 61.80% Fibonacci retracement level at the 1.1705 level. It resulted in a surge, which was heading to the resistance of the 55-hour simple moving average. In the case of the 55-hour simple moving average providing resistance, the currency exchange rate could decline and once again test
The New Zealand Dollar declined by 52 pips or 0.74% against the US Dollar on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The US Dollar surged by 56 pips or 0.44% against the Canadian Dollar on Tuesday. The currency pair tested the weekly resistance level at 1.2648 during Tuesday's trading session.
The Australian Dollar declined by 72 pips or 0.94% against the US Dollar on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The Eurozone single currency declined by 33 pips or 0.26% against the Japanese Yen on Tuesday. The decline was stopped by the 200– hour SMA during the previous session.
Gold ended the sideways trading in a twenty dollar range just after mid-day on Monday. The commodity price passed the support of the 1,722.20/1,725.30 zone. It resulted in a sharp move down, which was followed by narrow sideways trading. On Tuesday, the decline resumed, as by the middle of the day, the price had almost reached the 1,690.00 level. In
The USD/JPY passed the resistance of the June high at 109.83, where a 61.80% Fibonacci retracement level was located at. Moreover, by the middle of Tuesday's trading, the rate had almost reached the 110.50 level. Namely, the weekly R1 simple pivot point at 110.24 and the 110.00 level failed to stop the surge. If the 110.50 mark provides resistance, the pair
As the rate tested the upper trend line of the channel up, suddenly a decline started at mid-day on Monday. The sharp decline down ignored the support of the 200-hour simple moving average, the support zone below the 1.3820 level and the weekly simple pivot point at 1.3780. Afterwards, short term support and resistance was being provided by the 55 and