The 1.0000 mark provided enough resistance to cause a decline of the EUR/USD. During the second part of Wednesday's trading, the currency pair found support in the combination of the 100-hour simple moving average and the 0.9850 level. The support was enough to cause a move upwards. On Thursday morning, the pair was testing the resistance of the weekly
The decline of the US Dollar against the Canadian Dollar eventually found support. The 1.3500 mark managed to hold and cause a recovery of the USD/CAD. By the middle of Wednesday's trading, the currency pair had reached the combined resistance of the 1.3600 level and the 50-hour simple moving average. A move above the 1.3600 level is expected to encounter resistance
The 165.20/165.75 zone has been observed to have acted as resistance to the ongoing Pound's surge against the Japanese Yen. The resistance was strong enough to cause a decline. By the middle of Wednesday's trading, the pair had reached below the 50-hour simple moving average and the 164.00 level. An extension of the ongoing decline could find support in the 100-hour
The 0.6450 level has revealed to be acting as support to the AUD/USD currency exchange rate. Meanwhile, resistance is found in the 0.6520 level. Moreover, note that the 50, 100 and 200-hour simple moving averages and the weekly R1 simple pivot point are being ignored by the rate. A move below 0.6450 could pause at the weekly simple pivot point at
The surge of the Euro against the Japanese Yen has encountered resistance in a zone just above the 144.00 mark. On Wednesday morning, the resistance was enough to cause a decline. By the middle of the day's trading, the pair appeared to be heading to the 143.00 level. The rate's decline is expected to look for support in the 143.00
On Tuesday afternoon, the price for gold broke the upper trend line of the channel up pattern and reached the September high levels near 1,730.00. The 1,730.00 level acted as resistance and caused a price decline. An extension of the decline of the price for gold could look for support in the 1,700.00 mark and the 50-hour simple moving average.
The USD/JPY extended its decline on Tuesday and by midnight to Wednesday the pair almost reached the 143.50 level, before a recovery started. By the middle of Wednesday's trading, the pair had reached the combined resistance of the 144.50 level and the 50 and 100-hour simple moving averages, which appeared to have resumed to have an impact. A move above 144.50
The GBP/USD surge extended, as the UK government announced that it would not do its fiscal stimulus, as it was previously announced. The news strengthened the Pound's value. At mid-day on Tuesday, the pair broke the upper trend line of the channel up pattern, the 1.1450 level and the weekly R1 simple pivot point at 1.1483. A move of the currency
During late Tuesday's trading a broad decline of the US Dollar occurred. On the EUR/USD charts it resulted in the pair breaking one resistance after another until the 1.0000 mark was reached. The 1.0000 level acted as resistance and caused sideways trading in the 0.9950/1.0000 range. A move above 1.0000 could encounter resistance in the combination of the weekly R2
On Tuesday morning, the USD/CAD pair passed below the support of the 1.3600 mark. However, before extending the decline, the pair recovered and found resistance in the combination of the weekly S1 simple pivot point at 1.3647, the 1.3650 level and the 200-hour simple moving average. A resumption of the decline would have no technical support. Namely, the pair could
The GBP has continued to surge against the Japanese Yen. By the middle of Tuesday's trading, the pair had reached above 165.00. Meanwhile, it was observed that the 164.00 level was acting as support. The ongoing surge could encounter resistance in the weekly R1 simple pivot point at 166.23 and the 166.00 mark by itself. Higher above, there is no technical
On Tuesday, the AUD/USD currency pair managed to reach above the 0.6510/0.6530 zone. However, the 0.6550 level acted as resistance and caused a decline. In the case the pair resumes its surge, it would have to pass the 0.6550 level, before approaching the 0.6600 mark and the weekly R2 simple pivot point at 0.6609. Higher above, the 0.6650 level might slow
The Governor of Banque de France Francois Villeroy de Galhau, who is a policymaker at the European Central Bank, has just stated that the ECB would raise rates until core inflation declines. The governor stated that the 4.8% core inflation in the Euro Zone was too high and too broad. On the EUR/JPY currency pair charts it resulted in a
The surge of the price for gold has reached the 1,710.00 mark. As the metal has reached new high levels, we have marked the September high at 1,730.00 and the late August high at 1,765.10. In addition, it has been spotted that the recent commodity recovery has occurred in a channel up pattern. An extension of the ongoing price surge is
During the second part of Monday's trading, the USD/JPY declined below the 145.00 mark. The decline was caused by the below expectation results of the US Manufacturing PMI results at 14:00 GMT. Namely, a fundamental adjustment of the USD value occurred and pushed the USD/JPY rate as low as 144.15. However, a recovery has followed the event. An extension of the
The GBP/USD has managed not only to reach above the 1.1300 level and the resistance of 1.1350, but also shortly trade above 1.1400. During the surge, the pair pierced the upper trend line of the channel up pattern, before retreating to levels near 1.1350. An extension of the surge of the Pound against the US Dollar would have to break the
The EUR/USD broke the resistance zone at 0.9865/0.9875 on Tuesday morning. In general, the pair was expected to test the 0.9900 level, weekly R1 simple pivot point at 0.9925 and the 0.9950 level, before reaching parity. Note that the 0.9950 level kept the pair from declining from September 13 up to September 21. On the other hand, a decline of
At 14:00 GMT on Monday, the price for gold reacted to US data. Namely, the US ISM Manufacturing PMI was revealed to b at 50.9, compared to forecast 52.5. The event resulted in a broad drop of the US Dollar. On the gold charts the price spiked through the resistance of 1,680.00 and 1,685.00. An extension of the surge of the
On Monday morning, the USD/JPY finally ended trading sideways. The sideways trading ended with the rate breaking the resistance of the 144.70/145.00 zone. The rate shortly tested the weekly R1 simple pivot point at 145.34, before retreating to the combined support of the 50 and 100-hour simple moving averages and the 144.70 level. A move above the 145.00 level might result
On Monday, the GBP/USD pair was approaching the 1.1300 mark, as the recovery of the Pound against the US Dollar continued. However, this round exchange rate level has not impacted the pair during its late September decline. Instead, watch the 1.1350 and 1.1450 levels, which acted as resistance and support during the second part of the month. On the other hand, a
Since Friday, the EUR/USD has been trading in the 0.9750/0.9850 range. In the meantime, the hourly simple moving averages, which had reached the rate, failed to impact it. In general, Friday's forecasts remain unchanged. A surge of the pair would have to break the 0.9850 level, before testing the 0.9865/0.9875 zone, the 0.9900 level and the weekly R1 simple pivot
The 1.3750 level has been keeping the pair down since early Thursday's trading. As described on Thursday, the pair has been respecting round price levels. Throughout this week, the USD/CAD currency pair has been respecting the resistance of the 1.3800 mark and a zone just above it. Meanwhile, support has been provided by the 1.3600 and 1.3650 levels. A move above
On Friday, the GBP/JPY currency pair surged to the 162.00 level. The round level acted as resistance and kept the pair down. A move above the 162.00 level would face no technical resistance as high as the weekly R2 simple pivot point at 167.46. However, note that the round exchange rate levels in the five point range are highly likely going
The AUD/USD pair trades between the resistance at 0.6510/0.6530 and support of the weekly S1 simple pivot point at 0.6449 and the 0.6450 level. Meanwhile, the rate was ignoring the 50 and 100-hour simple moving averages. A move below 0.6550 would most likely result in the pair looking for support in the weekly S2 simple pivot point at 0.6362. Further below,