The common European currency has been trading in a junior ascending channel against the Japanese Yen since March 28. The currency pair re-tested the lower boundary of the channel pattern at 125.04 during yesterday's trading session.
During Wednesday's session, the yellow metal was supported by the 55-hour simple moving average to end the day at 1,290.00. On Thursday, the 55-hour and the 100-hour SMAs supported the rate to the 1,292.07 mark.
During Wednesday's trading session, the currency exchange rate broke the previously drawn pattern to end the day at 111.30. On Thursday, the rate passed through the support level of the 55-hour SMA to trade at the 111.40 mark.
During Wednesday's trading session, the British Pound was supported by the 200-hour SMA to break the resistance level of the 36.10% Fibo at 1.3162. Today, the currency exchange rate was located below the 36.10% Fibo at the 1.3159 mark.
During Wednesday's session, the European Single Currency was retraced by the 200-hour simple moving average to end the session at 1.1240. On Thursday, the rate depreciated to the 1.1233 mark.
The New Zealand Dollar appreciated about 55 base points against the US Dollar on Wednesday. The currency pair tested the upper boundary of a descending channel pattern at 0.6800 during the first half of today's trading session.
The US Dollar versus the Canadian Dollar tested the upper boundary of a junior descending channel pattern at 1.3360 during the morning hours of Thursday's trading session.
The Australian Dollar appreciated about 72 base points against the US Dollar on Friday. The currency pair tested the upper boundary of a descending channel pattern at 0.7129 at the end of Wednesday's trading session.
The common European currency appreciated about 84 base points against the Japanese Yen on Wednesday. The currency pair was guided up by the 50-hour simple moving average during Wednesday's trading session.
The New Zealand Dollar depreciated about 60 base points against the US Dollar on Tuesday. The decline was stopped by a support level formed by the weekly S1 at 0.6748.
The Greenback versus the Canadian Dollar maintained a junior descending channel pattern during Tuesday's trading session. The currency pair gained about 65 base points on Tuesday.
During the last 24 hours, the Australian Dollar versus the US Dollar has gained about 0.93% in value. The weekly S2 at 0.7058 provided support for the currency pair during yesterday's trading session.
During the past 24 hours, the single European currency has appreciated about 90 base points against the Japanese Yen. The currency pair reached a swing high of 125.04 during yesterday's trading session.
On Tuesday, the price for gold raised towards the 100-hour SMA, currently located at 1,293.16. On Wednesday morning, the XAU/USD exchange rate tried to surpass the given resistance.
During yesterday's trading session, the USD/JPY currency rate tried to surpass the support level—the weekly R1 at 111.32.
Yesterday the GBP/USD currency pair re-tested the lower boundary of the medium-term ascending channel at 1.3014 and skyrocketed towards the Fibonacci 36.10% retracement at 1.3162.
During Tuesday's trading session the Euro traded at the 1.1200 level against the US Dollar. On Wednesday morning, the currency pair jumped to the psychological level at 1.1240.
During Monday's trading session, the yellow metal depreciated to the 1,285.00 level to pass the support level of the 23.60% Fibonacci retracement level. On Tuesday morning, the rate was located at the 1,288.28 mark.
During Monday's trading session, the Japanese Yen appreciated against the US Dollar to break the medium pattern line at the 111.10 mark. On Tuesday morning, the currency exchange rate was located above the weekly R1 at 111.33.
During Monday's trading session, the currency exchange rate was retraced by the 200-hour simple moving average to pass through most of the technical indicators. On Tuesday morning, the rate was located at the 55-hour simple moving average at the 1.3065 mark.
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During Monday's trading session, the currency exchange rate depreciated to the 1.1200 level as it was predicted! On Tuesday morning, the rate passed through the support level of the 61.80% Fibo to be located at the 1.1203 mark. Note, the chart was fully reviewed to make changes to the patterns!
The US Dollar depreciated about 63 base points against the Canadian Dollar on Monday. The decline was stopped by a support cluster formed by the combinations of the weekly and the monthly PPs at 1.3317.
The Australian Dollar depreciated about 32 base points against the US Dollar on Monday. The decline was stopped by a support cluster formed by the combination of the 50– and 200-hour SMAs and the weekly PP at 0.7103.