Despite being passed a couple of times, the 200-hour simple moving average together with the 55-hour simple moving average managed to cause a decline of the EUR/JPY currency exchange rate. On Tuesday, the rate's decline had passed the support zone at 131.57/131.66 and pierced the 131.50 mark. In the case that the rate continues to decline, it could aim at
On Friday, the yellow metal's price plunged to the 1,772.35 level, before starting to recover. On Monday, the recovery of the price had retraced to the 1,790.00 level and the previously passed support line of the last week's low levels. If the price passes the resistance of the 1,790.00 mark, it would immediately encounter the resistance of the 55, 100 and
The USD/JPY currency exchange rate continued to surge throughout Friday. The surge extended into Monday. However, during the early hours of the day's trading, the pair found resistance in the mid-October high level zone at 114.44/114.47. A passing of the 114.44/114.47 zone might find resistance in the weekly R1 at 114.49, Afterwards, the October high level at 114.70 could provide
The GBP/USD broke the channel up pattern at mid-day on Friday. The event resulted in a sharp decline to the 1.3670 level. Afterwards, a short lived recovery found resistance in the 1.3700 mark. By the middle of Monday's European trading hours, the pair had reached the 1.3650 level. In the case that the decline passes the support of the 1.3650 mark,
The EUR/USD currency exchange rate started a decline on Friday morning, which received a major boost at 08:00 GMT. At that time, the German Preliminary GDP was released. The data revealed that GDP of Germany had increased by 1.8% instead of the forecast 2.2%. The news fueled a decline, which eventually reached the 1.1535 level. On Monday morning, the rate
At mid-day on Friday, the USD/CAD currency exchange rate passed the resistance of the 55 and 200-hour simple moving averages near 1.2360. It resulted in a surge, which found resistance in the previously passed trend line at 1.2408. Since the encountering of the resistance, the rate has been trading below the 1.2400 mark. A surge of the USD/CAD rate might find
At mid-day on Friday, the surge of the GBP/JPY pair ended at the 157.00 mark. Afterwards, a decline occurred, which found support in the 155.75/155.85 zone. On Monday morning, the pair was testing the resistance of the 55-hour simple moving average at 156.40. If the pair manages to pass the resistance of the 55-hour SMA, next target for the surge
On Friday, the AUD/USD currency exchange rate failed to pass the resistance of the 0.7540/0.7555 zone. The event resulted in a decline, which passed the support of the lower trend line of the October channel up pattern and the 55-hour simple moving average. Moreover, on Monday morning, the rate passed the support of the 200-hour SMA, which kept the rate
The EUR/JPY currency exchange rate found support in the zone that surrounds the 131.60 mark, on Friday. Since then, the currency pair has been recovering. On Monday morning, the pair reached the resistance of the 200-hour simple moving average near 132.40. In the case that the rate surges above the 200-hour SMA and the 132.40 mark, the pair might find
On Thursday, volatility was caused by the release of the US Advance GDP. During the volatility, the price for gold once again confirmed the 1,810.00 level as a resistance level. The following decline passed the 55 and 100-hour simple moving averages. By mid-Friday, the price had almost reached the 200-hour SMA at 1,790.20. A surge of the metal's price could once
Despite piercing the support of the 113.40 level on Thursday, the USD/JPY did not extend the decline. Instead, the pair found support at 113.25 and recovered. At mid-day on Friday, the rate had retraced to the 100-hour simple moving average at 113.79. A potential continuation of the surge might reach for the combined resistance of the weekly simple pivot point at
The worse than forecast US Advance GDP data on Thursday caused a surge of the GBP/USD currency exchange rate. Due to the surge, the rate reached 1.3815, as it surged 85 pips. In the aftermath of the jump of the pair, the GBP/USD has been declining. At mid-day on Friday, the rate was finding support in technical levels in the
The EUR/USD ended trading sideways in the range between the 1.1585/1.1590 and 1.1618/1.1625 zones. The rate ended it due to the release of the worse than forecast US Advance GDP data. The GDP caused a 110 pip jump up to the 1.1693 level. During the fundamental surge not only technical levels, but also the previous October high levels were
On Thursday, the US Dollar declined by 49 pips or 0.40% against the Canadian Dollar. The currency pair was pressured by the 50– hour simple moving average during yesterday's trading session.
On Thursday, the British Pound surged by 70 pips or 0.45% against the Japanese Yen. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
On Thursday, the Australian Dollar rose by 56 pips or 0.75% against the US Dollar. The currency pair tested the 0.7550 level during Thursday's trading session.
Upside risks dominated the EUR/JPY currency pair on Thursday. As a result, the common European currency surged by 103 pips or 0.78% against the Japanese Yen during Thursday's trading session.
The price of gold found enough support in the 200-hour simple moving average to surge and pass the 1,800.00 level together with the 55 and 100-hour simple moving averages, which strengthened the round price level. On Thursday morning, the price was testing the resistance of the 1,805.00 level. If the price continues to surge, it would most likely test the resistance
The USD/JPY has confirmed once again that the 113.40 level and the zone above it can provide support. Namely, the pair bounced off the support level on Wednesday and retraced to the resistance levels near 113.90. Near the 113.90 mark, the pair found resistance in the combination of the 55 and 100-hour simple moving averages If the USD/JPY surges, it would
On Wednesday, the GBP/USD found support at 1.3710 and started a recovery. By the middle of Thursday's trading hours, the GBP/USD had reached the 1.3770 level. From 1.3760 up to 1.3777, the pair faced the resistance of the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point. A passing of the 1.3760/1.3777 zone would leave the pair
Since the decline on October 25, the EUR/USD has continued to trade in range between the support of the 1.1585/1.1590 zone and the resistance of the 1.1618/1.1625 zone. Meanwhile, it has been spotted throughout the week that the hourly simple moving averages from time to time manage to impact the direction of the currency exchange rate. In the case of
Downside risks dominated the USD/CAD currency pair on Wednesday. As a result, the US Dollar fell by 114 pips or 0.92% against the Canadian Dollar during Wednesday's trading session.
On Wednesday, the British Pound fell by 125 pips or 0.80% against the Japanese Yen. The currency pair breached the 50– and 200– hour SMAs during Wednesday's trading session.
The AUD/USD currency pair bounced off the lower boundary of an ascending channel pattern at 0.7490 during the first half of Wednesday's trading session.