The recent high levels of the USD/CAD currency pair have revealed that there exists a resistance zone at 1.2530/1.2535. Meanwhile, Wednesday's and Thursday's low levels reveal an ascending support line. Both of these combined are revealing a triangle pattern. In theory, the pair might trade between the support line and the resistance zone up to Monday. Afterwards, or before Monday,
On Friday morning, the GBP/JPY currency exchange rate passed above the 161.00 mark, which had kept the rate down on Wednesday and Thursday. However, the pair almost immediately found resistance in the 161.25 level. Meanwhile, it was spotted that the 200-hour simple moving average and the 160.50 level had acted as support. If the Pound continues to recover against the Japanese
The AUD/USD currency exchange rate remains in the range between support at 0.7467/0.7474 and resistance at 0.7538/0.7541. On Friday morning, the pair bounced off the support zone and started a surge, which in less than two hours reached above 0.7500. In the case of the Australian Dollar surging against the USD, the pair is expected to face minor resistance at
The EUR/JPY currency exchange rate clearly passed below the support zone at 135.20/135.30 and the 134.75 level. Support was eventually found in the 134.50 mark. On Friday, the Euro recovered against the Japanese Yen, as the currency pair reached above 135.50 and resistance levels near 135.60. If the currency pair continues to move higher, the pair could encounter resistance in
First of all note that the price encountered resistance at the 1,939.00 level and the 100-hour simple moving average. The event was followed by a retracement to the 1,920.00 level, which acted as support and caused a surge that at mid-day on Thursday reached above the 1,941.00 mark. In addition, the recent confirmation of the 1,920.00 level provided a
The recovery from the 121.00/121.50 zone ended at midnight to Thursday, as the USD/JPY currency exchange rate approached the 122.50 mark. The round exchange rate level's resistance was being strengthened by the 50 and 100-hour simple moving averages near 122.60. Afterwards, the pair returned to the support zone at 121.00/121.50. Meanwhile, take into account that at mid-day on Thursday it appeared
The GBP/USD pair's reaching above the three hourly simple moving averages did not result in a move to the 1.3200 mark, as it was speculated on Wednesday. Instead, the currency pair found resistance in the 1.3180 level. In addition, the bounce off the 1.3180 level revealed a channel up pattern, which has guided the rate since Monday. Throughout Thursday's trading, the
The EUR/USD surge above the previous March high level eventually ended during the midnight hours to Thursday. The surge ended at the 1.1180 mark, which acted as resistance. Afterwards, throughout the day's trading hours, the Euro declined against the US Dollar. By 15:00 GMT, the currency exchange rate had reached below the 1.1100 mark. If the common European currency exchange
The USD/CAD currency exchange rate's decline reached below the 2022 low level at 1.2450. However, support was almost immediately found in the 1.2430 level. Afterwards, a sharp recovery occurred, which lost momentum at the 1.2500 mark. On Thursday morning, the pair passed the resistance of the 1.2500 level. By 10:00 GMT, the pair was approaching the 200-hour simple moving average
Since hitting the low level zone at 159.05/159.15 on Wednesday, the GBP/JPY recovered until the pair encountered resistance at 160.87/160.92. By 09:00 GMT the pair had retraced downwards and found support in the 159.50 level. If the currency exchange rate surges, the pair is expected to encounter resistance at the 160.50 mark and the 50-hour simple moving average. Higher above,
The AUD/USD has continued to trade in the range between support at 0.7467/0.7474 and resistance at 0.7537/0.7541. On Thursday morning, the rate was looking for support in the 0.7467/0.7474 zone. If the pair passes below the support zone, the early March high level at 0.7440 might act as support. Further below, the weekly S1 simple pivot point at 0.7416 could
The Wednesday's surge of the EUR/JPY currency exchange rate eventually encountered resistance. The resistance was provided by the weekly R2 simple pivot point at 136.83. Previously, the pivot point did not impact the rate. During the early Thursday's trading hours, the pair declined and approached the support zone at 135.20/135.30. If the currency exchange rate declines below the 135.20/135.30 zone,
The recovery from the 1,890.50/1,893.60 zone continued during Wednesday's trading hours. By 15:00 GMT, the price for gold was approaching combined resistance of the 100-hour simple moving average at 1,937.50 and the 1,940.00 mark. If the price for gold manages to pass above the 1,940.00 level, next targets for the commodity might be the 1,950.00 mark and the late March
The decline of the USD/JPY currency pair eventually reached the support zone at 121.00/121.50. In that zone, the last week's high and low level zone is located at. In addition,note the weekly simple pivot point at 121.27. Moreover, the 200-hour simple moving average has crossed the zone. In the near term future, the ascending 200-hour simple moving average could
On Wednesday, the GBP/USD currency exchange rate step by step surged, as by 16:00 GMT the pair had passed the 50, 100 and 200-hour simple moving averages and reached the 1.3180 mark. In the near term future, the pair was expected to approach the weekly simple pivot point at 1.3198 and the 1.3200 level. If the Pound manages to surge against
At mid-day on Wednesday, the EUR/USD currency exchange rate managed to break the resistance zone of the March high levels at 1.1130/1.1138. In addition, by 14:00 GMT, the pair had reached above the weekly R3 simple pivot point at 1.1157 and confirmed the weekly R2 at 1.1136 as a support level. In general, the recent surge of the Euro
On Wednesday, the USD/CAD recurrence exchange rate traded below the 1.2500 mark, which is where it was located before the 115 base point spike on Monday. If the pair declines, it would look for support in the March low level at 1.2467 and the 2022 low level at 1.2450. However, it was observed that some support was being found in
The decline of the GBP/JPY currency pair has passed below all potential support levels in the range from 161.50 down to the 159.50 level. Moreover, the 159.50 mark was shortly pierced on Wednesday morning, before retracing to the 160.00 level. If the Pound recovers against the Japanese Yen, the currency pair would encounter resistance in the 160.50 and 161.00 levels, prior
Despite shortly piercing the support zone at 0.7467/0.7474 on Tuesday, the AUD/USD eventually surged. By the middle of Wednesday's trading hours, the currency exchange rate had reached the resistance of the 0.7537/0.7541 levels. If the Australian Dollar surges above the 0.7537/0.7541 zone against the US Dollar, the pair might encounter resistance in the form of the 0.7550 level and the 2021
On Tuesday, the EUR/JPY made a failed attempt at passing the resistance of the 137.50 mark. As the round exchange rate level held, the rate started a decline. On Wednesday morning, the pair shortly traded below the support zone at 135.20/135.30 and the 135.00 level, before recovering to trade above the zone. If the Euro recovers against the Japanese Yen,
Talks between Russia and Ukraine have been attributed to an ongoing risk on sentiment. On the gold charts, the sentiment resulted in the breaking of the channel up pattern, which recently guided the price up, and a decline that pierced the March low level. By 16:00 GMT on Tuesday, the price for gold had recovered to the 1,915.00 mark. If the
The decline of the USD/JPY, which started after the test of the 125.00 mark, has gained new strength, as the US Dollar has lost value against all currencies. Namely, risk on sentiment on Tuesday increased the losses of the USD against the Japanese Yen, as the pair touched the 122.00 mark. If the pair declines below the 122.00 mark, support might
Talks between Russia and Ukraine on Tuesday were assumed to have caused a risk on sentiment in the markets, which resulted in an all out decline of the US Dollar. However, prior to the drop of the USD, the rate had reached the 1.3060 level's support. At mid-day on Tuesday, the pair was testing the resistance of the 100 and
Due to ongoing talks between Russia and Ukraine, risk on sentiment caused large moves on Tuesday. On the EUR/USD charts the event resulted in a sharp surge to the March high level zone at 1.1130/1.1138. If the pair bounces off the high level zone, the rate might look for support in the 1.1100 mark, before approaching the weekly R1 simple