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During the late hours of Thursday's trading, the price for gold reached above the 1,755.00 level, which is the high level of March. However, a follow up surge did not occur. Instead, the commodity price declined after sideways trading in the 1,755.00 and 1,759.00 zone. Due to that reason this zone is now marked on the chart as a potential
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On Thursday, the currency exchange rate declined below the zone of 109.38/109.23. It eventually found support in the 109.00 level and started a recovery. During the morning hours of Friday's European trading, the USD/JPY had almost reached the resistance of the 109.60 level and the 55-hour simple moving average. If the SMA and the 109.60 level provide resistance, the pair could
On Thursday, the support of the 55-hour simple moving average managed to push the EUR/USD up, as just before mid-day the rate started a surge. However, on Friday morning the rate bounced off the 1.1920 level and retraced back to the combined support of the 55-hour SMA and the zone near 1.1880. If the 55-hour SMA and the 1.1880 support
During the early hours of Friday's trading, the GBP/USD passed the support zone above the 1.3720 level. This support kept the rate up since the middle of Wednesday's trading. The failing of the support resulted in a sharp move down. In the near term future, the rate was expected to test the support of the March low levels in the 1.3670/1.3675
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As expected, the yellow metal found support in the 55-hour simple moving average, which pushed the rate into another test of the resistance zone that is located above the 1,745.00 mark. By the middle of Thursday's GMT trading hours, a test of the resistance zone was ongoing. If the SMA provides enough support for the price to push through the resistance
During early hours of Thursday's trading, the USD/JPY ended trading sideways between two zones. The end of the consolidation was caused by the catching up of the 55-hour simple moving average from above. The SMA provided the rate with resistance, which was strong enough to push the rate through the support of the 109.60 level. In the near term future, the
On Wednesday, the resistance of the 55 and 100-hour simple moving averages was enough for the rate to decline and break the channel up pattern. Moreover, the weekly S1 simple pivot point was ignored during the decline. In the meantime, it was spotted that the 1.3720/1.3725 zone was providing the currency exchange rate with support. The GBP/USD could trade above
The EUR/USD pierced the resistance zone near the 1.1880 level. However, the following surge was stopped by the 1.1915 level and the rate retraced back down to look for support. The needed support to resume the surge could be provided by the 55-hour simple moving average, which on Thursday had reached above the 1.1860 level. In the near term future,
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During the second part of Tuesday's trading, the yellow metal's price reached the resistance zone just above the 1,745.00 level. The metal immediately bounced off it and retraced back down. By the middle of Wednesday's trading, the price was trading near the 1,740.00 level. In the meantime, the price was being approached by the support of the 55-hour simple moving
Since mid-day on Tuesday, the USD/JPY traded sideways between the support of the 109.60/109.67 zone and the resistance of the 109.91/109.94 zone. Between these two zones, the rate ignored the 61.80% Fibonacci retracement level and the weekly S1 simple pivot point. In the case of the rate passing the resistance of the 109.91/109.94 zone, the pair could reach for the 55-hour
On Wednesday morning, the GBP/USD confirmed that it would trade in the borders of the recently discovered channel up pattern. It did so by respecting the lower trend line of the pattern and recovering from it. In theory, the pair should now continue to surge in the pattern's borders until it would reach the upper trend line of the channel. In
On Tuesday, the EUR/USD managed to break the resistance of the zone near the 1.1840 level. It resulted in a surge to the 1.1880 zone, which held the rate down from 18:00 GMT up to the time of writing 11:00 GMT. If the resistance of the zone fails to keep the EUR/USD down, the currency exchange rate could reach
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