The common European currency showed some volatility against the Japanese Yen on Monday, as bulls traders ended the session with 63 base point or 0.49%profit.
Gold trading above the 1,220.00 mark during the following two sessions has revealed a two-week ascending triangle.
The previously-low volatility of USD/JPY changed early today when the Bank of Japan pledged to keep its interest rates at low levels, as the rate started fluctuating between the 200-hour SMA and a senior channel line.
No changes occurred to the positioning of GBP/USD on Monday.
EUR/USD has diminished its trading range in between two trend-lines.
There are almost no changes to the NZD/USD currency pair on the hourly time frame. The 200-hour simple moving average has been providing support for the exchange rate near the 0.6790 mark.
The chart of the USD/CAD pair has not changed since July 26. Namely, the junior descending pattern is still active.
The Australian Dollar remained stable against the US Dollar on Friday, as the currency pair was trading with low volatility. However, the pair ended the session breaching the three SMAs.
No significant changes were introduced to the EUR/JPY currency pair positioning on Friday, as the rate remained trading along the two weeks junior descending channel. The movement, however, changed during the Asian session on Monday, when bulls took control of the exchange rate and managed to breached the 55– hour simple moving average and also broke out through the upper
Bears continue to dominate XAU/USD in the short term. It fell below the 55-, 100– and 200-hour SMAs on Thursday and has since been trading below this cluster.
The USD/JPY currency pair is fluctuating in between the 55– and 100-hour SMAs for the third consecutive session.
GBP/USD was trading sideways on Friday, as any fall or advance was restricted by several support/resistance levels.
The common European currency remained stable against the Greenback on Friday.
Bearish sentiment drove the New Zealand Dollar down against the US Dollar on Thursday. The currency pair ends yesterday session with 77 pips loss and also broke out through the lower boundary of a junior ascending channel.
Downside risks continued to dominate the USD/CAD currency pair on Thursday, the exchange rate ended the trading below the weekly pivot point at 1.3075. Furthermore, the pair broke out through the bottom border of an ascending trendline.
Bearish momentum dominated the AUD/USD exchange rate on Thursday, thus, sending the currency pair crashed by 91 pips or 1.21% of its value. As a result, the rate broke out through the lower boundary of an ascending channel.
Bearish sentiment continues to push the EUR/JPY currency pair lower on Thursday as the pair broke out from the weekly support level at 129.64 and the lower boundary of an ascending channel.
Downside risks prevailed on Thursday, thus guiding Gold past the 55-, 100– and 200-hour SMAs and down to 1,223.00.
USD/JPY's decline on Wednesday was stopped at 110.60 when the rate reversed to the upside and breached the 200-period (4H) SMA.
The Sterling was unable to overcome the psychological 1.32 mark, thus being driven by bears during the whole session on Thursday.
The Euro lost 95 pips against the US Dollar on Thursday.
Upside risks prevailed in the market on Wednesday against the NZD/USD currency pair. Bull's dominance over the rate has resulted for the pair to breached the upper boundary of a downtrend channel.
The US Dollar continued to depreciate against the Canadian Dollar for the fourth consecutive trading session on Wednesday. This downward movement has resulted in the rate to breached the lower boundary of an uptrend line and the weekly support level at 1.3074.
Upside risks dominated the Australian Dollar against the USD Dollar on Wednesday, as the currency pair ended the session with 68 base points profits. The pair also broke out through the upper boundary of a downtrend channel.