With the start of Tuesday's GMT trading hours, the GBP/USD pierced the resistance zone at 1.1440/1.1450. However, a surge did not follow, as resistance was found in the 100-hour simple moving average. Meanwhile, the rate was observed to be finding support in the 50-hour simple moving average. A surge of the rate above the 100-hour SMA near 1.1460 might find
On Tuesday morning, the EUR/USD currency exchange rate's recovery reached the 1.0050 mark, which acted as resistance. Meanwhile, the pair did not touch the resistance of the weekly simple pivot point. A move of the EUR/USD above the 1.0050 level could result in the pair testing the 1.0100 mark and the zone, which surrounds it. Higher above, take into account
On Monday, the USD/CAD currency exchange rate was approaching the 1.3350 level. However, it appeared that the 1.3340 level had acted as resistance and the pair declined to look for support in the 50-hour simple moving average near 1.3270. In the case of a continuous surge of the US Dollar against the Canadian Dollar would encounter strong resistance in the 1.3400
The GBP/JPY currency exchange rate has broken the resistance of the trend line, which guided the rate's last week's decline, and the 50-hour simple moving average. The surge was caused by the 163.00 mark and the 162.75/162.95 zone providing enough support. An extension of the ongoing surge of the currency pair might encounter resistance in the 164.00 level. Higher above, note
On Friday and Monday, the AUD/USD currency pair was finding support in the 0.6670 level and resistance was provided by the 0.6723/0.6733 zone. A surge above the resistance zone might find resistance in the combination of the 200-hour simple moving average and the weekly simple pivot point at 0.6768. Higher above, note that the 0.6800 and 0.6850 levels could act
The EUR/JPY currency pair recently found support in the 142.30/142.65 zone. By the middle of Monday's trading hours, the pair had recovered and faced resistance in the combination of the weekly simple pivot point at 143.68 and the 200-hour simple moving average near 143.65. In the case of a surge above 143.70, the pair might encounter resistance in the 144.00
In the aftermath of the US CPI release, the price for Gold plummeted and reached the 1,655.00 level, which acted as support. Afterwards, a recovery to the resistance of the 1,680.00 level followed. On Monday, the price traded near the support of the 1,660.00 level and the resistance of the 50-hour simple moving average near 1,667.00. A resumption of the decline
In the aftermath of the US CPI release, the USD/JPY bounced off the resistance of the 145.00 level and declined. Since September 14, the rate has been trading around the 143.00 level. Resistance is provided by the 143.65/143.80 zone and support is found at 142.55/142.65. In the case of a move above 143.65/143.80 the pair would have to pass the combined
Last week, the GBP/USD was testing the resistance zone at 1.1715/1.1760, as the US consumer price index data revealed that the US Federal Reserve is highly likely to be more hawkish on their policy and increase the value of the USD. By Monday, September 19, the rate had reached and was finding support in the 1.1350 level. Meanwhile, 1.1450 level
Since the EUR/USD reacted to the US Consumer Price Index release, the pair has been fluctuating around the 1.0000 mark. Support is being provided by the 0.9950 level and resistance is found at 1.0015 and 1.0030. In the case that the Euro hosts a recovery against the US Dollar the pair would have to pass the 1.0015 and 1.0030 levels,
The price for gold remains in the range near the 1,720.00 level. On Monday morning, the pair bounced off the support of the 100 and 200-hour simple moving averages and started a surge. Prior to the event, the commodity price broke the support of the ascending channel pattern, which guided the last week's recovery. If the price for gold surges, expect
This week, the USD/JPY remained above the 140.00 mark, as support was found at 141.50. By the start of Monday's European trading hours, the pair had touched the 143.50 level. A continuation of the USD recovery against the Japanese Yen might encounter resistance in round price levels. Namely, there is no technical resistance as high as 145.01 that could impact
The recovery of the Pound of the US Dollar continues. On Monday, the pair reached the 1.1700 level and the weekly R1 simple pivot point. A move above 1.1700 would most likely encounter resistance in the 1.1715/1.1760 zone. Higher above, take into account the weekly R2 simple pivot point at 1.1790 and the 1.1800 mark. Afterwards, the 1.1850 and 1.1900
The EUR/USD has continued to surge, as the markets still take in information that the ECB is set to reduce the supply of the Euro more than expected. In addition, on Monday morning the US Dollar plummeted against all other assets, which boosted the pair's rally. In the case that the pair continues to surge, it would face resistance at
The USD/CAD eventually passed below the 1.3060/1.3075 zone, which managed to hold as support for eight hours. On Friday, the pair shortly reached below the 1.3000 mark, before a recovery appeared to have started. By the middle of the day's European trading, the rate had reached the 1.3030 level. An extension of the US Dollar's recovery against the Canadian Dollar
The GBP/JPY currency pair has revealed that it faces resistance in the 166.00/166.30 range. On Friday morning, the pair bounced off the zone and passed below 165.00. An extension of the decline of the Pound against the Japanese Yen might look for support in the 164.50 mark and the 100-hour simple moving average. Further below, note the weekly R3 simple pivot
The support of the 0.6700 and 0.6720 levels was enough to eventually cause a breaking of the 0.6770/0.6775 zone. The event was followed by a sharp surge, which almost reached the 0.6880 level, before a decline started. By the middle of Friday's European trading hours, the pair's decline had reached the 0.6825 level. An extension of the Australian Dollar's decline against
The Governor of Bank of Japan Haruhiko Kuroda has stated after meeting with the Prime Minister of Japan Fumio Kishida that high currency movements are undesirable due to their impact on business plans. Namely, 2-3 Yen moves against the Dollar were identified as too high. Meanwhile, the ECB has hiked interest rates and policymakers of the central bank have
The price for gold has been highly volatile, as it plummeted at mid-day on Thursday due to the ECB rate hike. However, the price found support in the 1,705.00 level and started a recovery. By the middle of Friday's European trading hours, the commodity price had reached the 1,730.00 level. An extension of the price's surge might encounter resistance in
The retracement back down by the USD/JPY rate was reaching the 142.00 level on Friday morning. The pair had been declining since encountering resistance in the 145.00 mark. An extension of the decline below 142.00 might look for support in the weekly R1 simple pivot point at 141.44 and the 200-hour SMA near 141.00. Further below, note the 140.50, 140.00 and
On Friday, the strength of the US Dollar declined against all other assets. As a result, on the GBP/USD charts a surge up to the 1.1650 occurred. A continuation of the recovery of the Pound against the US Dollar might encounter resistance in the weekly R1 simple pivot point at 1.1675. Higher above, the 1.1700 could slow down a surge,
The EUR/USD currency pair has breached the August high level zone at 1.0080/1.0090 and the 1.0100 mark. The surge of the Euro was caused by the European Central Bank hiking interest rates by 0.75% and committing to future hikes. A continuation of the surge of the pair could encounter resistance in the combination of the weekly R2 simple pivot point
The USD/CAD pair has bounced off the zone, which surrounds the 1.3200 mark. The following decline appears to have stopped, as on Thursday the rate was observed to be trading between the 1.3100 and 1.3150 levels. The 1.3100 mark was strengthened by the 200-hour SMA and the weekly simple pivot point at 1.3101. Meanwhile, the 1.3150 level was strengthened by
As the Japanese Yen continues to loose value against other currencies, the GBP/JPY rate has reached above the 166.00 level. However, the event was followed by a retracement back down. By the middle of Thursday's European trading hours, the pair had found support in the combination of the 165.00 mark and the 50-hour simple moving average. In the case of the