The testing of the 110.50 level's resistance was short, as during one hour it was passed. On Wednesday morning, the USD/JPY had almost reached the 111.00 level before retracing back down. In the meantime, note that the 110.40 and 110.20 levels had provided resistance and support. In regards to the near term future, the pair's retracement down was expected to look
Since the second part of Tuesday's trading, the GBP/USD has been finding support and resistance in round exchange rate levels. Namely, it found support in 1.3710 and 1.3720 and resistance was provided by 1.3750 and 1.3760. On Wednesday morning, the rate was approaching the resistance of the 1.3780 level, which was strengthened by the 200-hour simple moving average and the weekly
During the early hours of Wednesday's trading hours, the EUR/USD found support in the 61.80% Fibonacci retracement level at the 1.1705 level. It resulted in a surge, which was heading to the resistance of the 55-hour simple moving average. In the case of the 55-hour simple moving average providing resistance, the currency exchange rate could decline and once again test
The New Zealand Dollar declined by 52 pips or 0.74% against the US Dollar on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The US Dollar surged by 56 pips or 0.44% against the Canadian Dollar on Tuesday. The currency pair tested the weekly resistance level at 1.2648 during Tuesday's trading session.
The Australian Dollar declined by 72 pips or 0.94% against the US Dollar on Tuesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
The Eurozone single currency declined by 33 pips or 0.26% against the Japanese Yen on Tuesday. The decline was stopped by the 200– hour SMA during the previous session.
Gold ended the sideways trading in a twenty dollar range just after mid-day on Monday. The commodity price passed the support of the 1,722.20/1,725.30 zone. It resulted in a sharp move down, which was followed by narrow sideways trading. On Tuesday, the decline resumed, as by the middle of the day, the price had almost reached the 1,690.00 level. In
The USD/JPY passed the resistance of the June high at 109.83, where a 61.80% Fibonacci retracement level was located at. Moreover, by the middle of Tuesday's trading, the rate had almost reached the 110.50 level. Namely, the weekly R1 simple pivot point at 110.24 and the 110.00 level failed to stop the surge. If the 110.50 mark provides resistance, the pair
As the rate tested the upper trend line of the channel up, suddenly a decline started at mid-day on Monday. The sharp decline down ignored the support of the 200-hour simple moving average, the support zone below the 1.3820 level and the weekly simple pivot point at 1.3780. Afterwards, short term support and resistance was being provided by the 55 and
During the early hours of Tuesday's trading, the support of the 1.1763 level failed and the EUR/USD declined. By the middle of the day, the rate had reached below the 1.1750 mark. In the near term future, the rate could extend its decline and reach for the support of the weekly S1 simple pivot point at the 1.1722 level.
The New Zealand Dollar edged higher by 41 pips or 0.59% against the US Dollar on Monday. The 50– hour simple moving average pressured the currency pair higher during yesterday's trading session.
The US Dollar declined by 37 pips or 0.29% against the Canadian Dollar on Monday. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.
The Australian Dollar surged by 36 pips or 0.47% against the US Dollar on Monday. The currency pair breached the weekly pivot point at 0.7651 during Monday's trading session.
The common European currency surged by 42 pips or 0.32% against the Japanese Yen on Monday. The surge was stopped by the 200– hour simple moving average during yesterday's trading session.
The yellow metal remains in the range between the two support zones that were marked last week. From above, the rate is facing resistance from 1,745.55 to 1,747.30. From below, a support zone is located at 1,722.20/1,725.30. In the meantime, it was spotted on Monday that the metal's price was being impacted for short time periods by he 55, 100 and
The USD/JPY reached the June high level at 109.83 where a 61.80% Fibonacci retracement level is located at. The rate reached the target faster than forecast, as the pair broke the narrow channel up pattern, which had guided the rate before. Afterwards, two attempts to pass the Fibonacci retracement level were made and both failed. By the middle of Monday's
The GBP/USD started the week with a sharp surge, which broke various resistance levels. By the middle of Monday's European trading hours, the pair had reached above the 1.3840 level. In the meantime, the rate's recent surge revealed a channel up pattern. The pattern captures the rate's surge, which has been occurring since March 25. The channel's borders could provide both
Since Friday, the EUR/USD has been kept down by the combined resistance of the 1.1800 level and the 55-hour simple moving average. In the meantime, it was spotted that since Thursday the rate has been finding support in the 1.1763 level. In the near term future, the rate was expected to get squeezed into the 1.1763 level by the
The New Zealand Dollar surged 35 pips or 0.50% against the US Dollar on Friday. The currency pair breached the 50– hour simple moving average during Friday's trading session.
The US Dollar declined by 49 pips or 0.39% against the Canadian Dollar on Friday. The decline was stopped by the lower boundary of an ascending channel pattern during Friday's trading session.
The Australian Dollar surged by 53 pips or 0.69% against the US Dollar on Friday. The currency pair breached the 50– hour simple moving average during Friday's trading session.
The single European currency surged by 85 pips or 0.66% against the Japanese Yen on Friday. A breakout occurred through the upper boundary of a descending channel pattern during Friday's trading session.
The yellow metal continued to trade sideways in a wide range. On Friday, analysts marked the borders of the zone. From above, the rate is facing resistance from 1,745.55 to 1,747.30. From below, a support zone is located at 1,722.20/1,725.30. A large scale fundamental event could end the sideways trading. In the case of a decline, the 1,720.00 and