On Thursday morning, the GBP/JPY currency exchange rate bounced off the 153.00 mark and the resistance zone, which surrounds this round exchange level. If the Pound continues to decline against the Japanese Yen, the rate might look for support in the 50-hour simple moving average near 152.25, before approaching the 152.00 mark. The 152.00 level acted as resistance during this
On Wednesday, the AUD/USD currency exchange rate mostly ignored the technical levels in the range from 0.7310/0.7320. In addition, on Thursday morning, the pair ignored the support of the 50 and 200-hour simple moving averages. By the middle of the day's European trading hours, the rate had surged to the 0.7345/0.7350 zone, which had acted as short term resistance on
The Euro continued to recover against all other currencies prior to the announcement of monetary policy by the European Central Bank on Thursday. The fundamental surge ignored technical levels like the 200-hour SMA, the weekly simple pivot point and the trend line, which connects the February high levels. Prior to the announcement of the bank, the rate stopped and
The price for gold has reached the 2020 high level zone at 2,050.00/2,075.00. The zone acted as resistance and caused a decline on Wednesday. Namely, the bullion's price retraced and almost reached the 2,000.00 level. Meanwhile, the support of the 50-hour simple moving average managed to hold for only one hour. A decline of the price for hold would have to
At midnight to Wednesday, the US Dollar passed the resistance zone of the late February and early March high level at 115.70/115.80 against the Japanese Yen. Afterwards, the pair confirmed the zone as support and resumed its surge. A potential target for the rate could be the 116.00 level. Meanwhile, it was spotted that the currency pair has been surging
On Wednesday, the GBP/USD ended trading above the support zone at 1.3084/1.3100 and surged. By the middle of the day's European trading hours, the currency exchange rate was heading to the 1.3200 mark. Note that the 1.3200 level was being strengthened by the 100-hour simple moving average. A surge above the 1.3200 mark might surge tot eh 1.3250 mark and
On Wednesday morning, the EUR/USD currency exchange rate clearly passed the resistance of the 1.0950 level and the 100-hour simple moving average. However, resistance was almost immediately encountered in the form of the weekly simple pivot point at 1.0995 and the 1.1000 mark. If the EUR/USD surges above the 1.1000 mark, resistance could be found in the 1.1050 level and
During the second half of Tuesday's trading, the USD/CAD currency exchange rate reached the 1.2900 mark. On Wednesday morning, the currency pair bounced off the round exchange rate level. By the middle of the day's trading, the USD/CAD had reached the support of the weekly R1 simple pivot point and the 50-hour simple moving average near 1.2820. If the pair passes
The support of the 151.00 mark was enough for the GBP/JPY currency exchange rate to surge and break the channel down pattern. Afterwards, resistance was found in the 152.00 level. However, at mid-day on Wednesday, the currency pair passed above the 152.00 mark. A continuation of the surge of the Pound against the Japanese Yen might encounter resistance in the
On Tuesday, the AUD/USD currency exchange rate shortly touched the support zone at 0.7240/0.7250 and started a recovery. Initially, the recovery was slowed down by the resistance of the 200-hour simple moving average near 0.7280. At mid-day, the SMA failed to keep the pair down and the AUD/USD surged to the combined resistance of the 50-hour simple moving average and
On Wednesday, the EUR/JPY currency exchange rate continued to recover, as during the morning hours of the day's trading the pair broke the resistance of the weekly simple pivot point at 126.53. If the Euro continues to gain value against the Japanese Yen, the pair might find resistance at the 127.50 mark, which is strengthened by the 200-hour simple
Despite shortly reaching below the support of the 1,975.00 mark on Monday, the metal surged on Tuesday and reached the 2,020.00 level. From a technical analysis perspective, the yellow metal's surge was attributed to the approaching support of the 50-hour simple moving average. During the mid-hours of Tuesday's trading, the price bounced off the 2,020.00 mark and confirmed the
The USD/JPY managed to pass the combined resistance of the 50, 100 and 200-hour simple moving average at 115.25. Afterwards, the SMAs began to act as support and caused a surge. By the middle of Tuesday's European trading hours, the currency pair had reached the 115.70/115.80 zone, which captures the late February high levels. If the US Dollar passes above the
Since Monday, the GBP/USD currency exchange rate has been trading between the support of the 1.3100 mark and the resistance of the weekly S1 simple pivot point at 1.3131. However, during the early hours of Tuesday's trading the rate had shortly reached below the 1.3100 mark, which indicates that the pair could soon decline. If the Pound declines against the US
Since late Friday's trading hours up to the middle of Tuesday's trading, the EUR/USD has been trading between the support of the zone at 1.0807/1.0822 and the resistance at 1.0924/1.0942. In the meantime, on Tuesday, the pair was finding support in the 1.0850 level. If in the near term future the Euro surges against the USD, the rate would have
On Monday, the USD/CAD passed above the resistance zone near the 1.2800 mark. Moreover, the 1.2800 level was confirmed as support during the midnight hours to Tuesday. On Tuesday morning, the pair reached above the weekly R1 simple pivot point at 1.2822. Next target for the USD against the Canadian Dollar was the 1.2850 mark. A move above the 1.2850 level
On Tuesday morning, it was spotted that since Friday the GBP/JPY currency exchange rate has been trading in a channel down pattern. In the meantime, support was being provided by the 151.00 mark. In addition, the 50-hour simple moving average had approached the upper trend line of the channel up pattern. A potential recovery of the Pound against the Japanese Yen
On Monday, the surge of the AUD/USD currency exchange rate bounced off a previously not market resistance zone at 0.7430/0.7440. By the middle of Tuesday's European trading hours, the currency pair had reached the support of the 200-hour simple moving average near 0.7275. If the rate recovers due to the support of the 200-hour simple moving average, the pair might encounter
On Tuesday morning, the EUR/JPY currency exchange rate passed above the resistance zone at 125.50/125.70. In addition, the 50-hour simple moving average failed to strengthen the zone. If the pair continues to surge, it could encounter resistance in the 126.00 mark, 126.50 level and the weekly simple pivot point at 126.54 and the 127.00 mark. Namely, resistance is
The price for gold jumped on Monday, as the price shortly reached above the 2,000.00 mark and revealed a resistance zone. Meanwhile, the prior February high level at 1,975.00 appeared to be acting as support. The bullion is expected to consolidate between 1,975.00 and 2,000.00 levels. In the meantime, note that the price broke the post Russian invasion of Ukraine
The sharp Friday's drop of the USD/JPY currency rate ended at the 114.65 level. Afterwards, a recovery started, which by the middle of Monday's trading hours had reached the combination of the 50, 100 and 200-hour simple moving averages at 115.25. A move above the three moving averages might result in the pair surging to the 115.50 level and the
Prior to mid-day on Monday, the GBP/USD currency exchange rate passed below the December low level zone at 1.3162/1.3175. However, support appeared to have been almost immediately found in the 1.3150 mark. A recovery of the Pound against the US Dollar could find resistance in the 1.3250 mark, which acted as resistance on Friday. Higher above, note the 1.3275 level,
The decline of the EUR/USD currency exchange rate continues, as on Monday morning the rate approaches the 1.0800 mark. Meanwhile, the pair had passed below the support of the channel down pattern, which has guided the rate since early 2021. Next support on the pair's charts, below the 1.0800 mark, is the 2020 low level zone at 1.0730/1.0780. In
During the early hours of Monday's trading, the USD/CAD currency exchange rate shortly reached below the combined support of the 1.2700 mark, the weekly simple pivot point at 1.2705 and the 50-hour simple moving average. However, by the middle of the day's European trading hours, the US Dollar had recovered and approached the 1.2750 mark against the Canadian Dollar. The recovery