The surge of the GBP/USD found resistance in the 200-hour simple moving average, which caused a retracement down. By the middle of Wednesday's GMT trading hours, the rate was once again approaching the resistance of the SMA. In the case of the SMA being passed, the pair could reach for the weekly R1 simple pivot point at 1.3982. If the pivot
Despite passing the resistance of the 1.1900 mark, the EUR/USD did not book large gains. The 1.1915 level provided resistance and stopped the rate's surge. It was spotted on Wednesday that this level provided both support and resistance to the rate since the end of the last week. In the meantime, the rate was being approached by the 100-hour
The New Zealand Dollar surged by 73 pips or 1.03% against the US Dollar on Tuesday. The currency pair breached the upper boundary of a descending channel pattern during Tuesday's trading session.
The USD/CAD currency pair rebounded from a one– week low at the 1.2600 level during yesterday's trading session. As a result, the US Dollar has surged by 79 pips or 0.63% against the Canadian Dollar since yesterday's trading session.
The Australian Dollar surged by 96 pips or 1.26% against the US Dollar on Tuesday. The currency pair tested the upper line of a descending channel pattern at 0.7713 during Tuesday's trading session.
The common European currency declined by 53 pips or 0.41% against the Japanese Yen on Tuesday. The decline was stopped by the lower line of an ascending channel pattern at 129.00 during yesterday's trading session.
After finding support in the 1,675.00 level on Monday, the price of the yellow metal began a surge. By the middle of Tuesday's GMT trading hours, the price had reached above the 100-hour simple moving average, which had previously stopped an attempt to recover. In the near term future, the rate should aim at the resistance of the 200-hour SMA and
The USD/JPY managed to pass the 108.55/108.65 resistance zone. On Tuesday morning, the currency exchange rate had reached the resistance of the weekly R1 simple pivot point at 109.23. After making attempts to pass it for six hours straight, the pair declined to the support of the 55-hour simple moving average. In the near term future, the rate was expected to
By the middle of Tuesday's European trading hours, the GBP/USD had managed to pass the resistance of the 1.3870 level and reach the 1.3900 mark. The 1.3900 level paused the rate's surge. In the case of the rate passing the resistance of the 1.3900 mark, the pair would face the 200-hour simple moving average at the 1.3930 level and afterwards the
The decline of the EUR/USD eventually found support in the weekly S1 simple pivot point at 1.1838. By the middle of Tuesday's GMT trading hours, the currency pair had recovered and reached above the 1.1900 mark. In the case of the pair continuing the surge, the pair could test the resistance of the 1.1950 level, which should be strengthened by
The New Zealand Dollar declined by 72 pips or 1.01% against the US Dollar on Monday. The currency pair reversed from a resistance cluster at 0.7188 during yesterday's trading session.
During the first half of Monday's trading session, the US Dollar rose by 69 pips or 0.54% against the Canadian Dollar. However, the currency pair erased the earlier gains during the end of the day.
The AUD/USD currency pair reversed from a resistance cluster formed by the weekly pivot point and the 50– hour SMA at 0.7713 on Monday.
The EUR/JPY currency pair rebounded from the lower line of an ascending channel pattern at 128.88 on Monday.
The yellow metal ended its sideways trading by surging to the resistance of the 100-hour simple moving average, which held and caused a decline. During the early Monday's trading hours, the rate had reached the support of the 1,690.00 level. If the 1,690.00 provides support once again, the metal's price could make another attempt to pass the resistance of the 100-hour
The USD/JPY started to consolidate after reaching above the 108.50 level. Namely, the rate began to trade sideways between 108.00 and 108.50. However, on Monday morning, the rate was making another attempt to surge. In the meantime, the resistance zone of 108.55/108.65 that caused the consolidation has been marked on the chart. If the USD/JPY passes the resistance zone, the pair
The February 12 low level of 1.3775 provided the GBP/USD with support even before it was properly reached. The rate reversed its direction at mid-day on Friday. Since then, the rate has been testing the resistance of the 1.3830/1.3870 zone. However, it could be observed that most resistance was provided exactly by the 1.3870 level. In the near term future, the
On Monday morning, the EUR/USD declined below the support of the 1.1900 mark. Next target for the decline was the 1.1850 mark and the weekly S1 simple pivot point at 1.1838. In the case of the mentioned support levels holding, the rate could recover and test the resistance of the 1.1900. In addition, this level could be soon reached by
On Friday, the New Zealand Dollar edged up by 55 pips or 0.77% against the US Dollar. The 50– hour simple moving average provided resistance for the currency pair during Friday's session.
During Friday's trading session, the US Dollar fell by 67 pips or 0.53% against the Canadian Dollar. The decline was stopped by the 200– hour simple moving average on Friday.
During Friday's session, the Australian Dollar fell by 67 pips or 0.87% against the US Dollar. The 50– hour simple moving average pressured the currency pair lower on Friday.
During Friday's trading session, the common European currency declined by 63 pips or 0.49% against the Japanese Yen. The decline was stopped by the 200– hour simple moving average on Friday.
The Chairman of the US Federal Reserve Jerome Powell made a speech on Thursday, which caused a surge of the US Dollar. This resulted in the price of gold bouncing off the combined resistance of the 1,720.00 mark and the 55-hour simple moving average. The price almost immediately reached the 1,690.00 level, which provided support. By the middle of Friday's
The USD/JPY extended its surge and did not retrace back to the 55-hour SMA. Instead, the currency exchange rate surged and by the middle of Friday's trading had reached the 108.50 mark. It occurred due to the speech of the head of the Federal Reserve Jerome Powell, which caused a major surge of the US Dollar against all other