Downside risks continued to dominate the USD/CAD currency pair on Thursday, the exchange rate ended the trading below the weekly pivot point at 1.3075. Furthermore, the pair broke out through the bottom border of an ascending trendline.
Bearish momentum dominated the AUD/USD exchange rate on Thursday, thus, sending the currency pair crashed by 91 pips or 1.21% of its value. As a result, the rate broke out through the lower boundary of an ascending channel.
Bearish sentiment continues to push the EUR/JPY currency pair lower on Thursday as the pair broke out from the weekly support level at 129.64 and the lower boundary of an ascending channel.
Downside risks prevailed on Thursday, thus guiding Gold past the 55-, 100– and 200-hour SMAs and down to 1,223.00.
USD/JPY's decline on Wednesday was stopped at 110.60 when the rate reversed to the upside and breached the 200-period (4H) SMA.
The Sterling was unable to overcome the psychological 1.32 mark, thus being driven by bears during the whole session on Thursday.
The Euro lost 95 pips against the US Dollar on Thursday.
Upside risks prevailed in the market on Wednesday against the NZD/USD currency pair. Bull's dominance over the rate has resulted for the pair to breached the upper boundary of a downtrend channel.
The US Dollar continued to depreciate against the Canadian Dollar for the fourth consecutive trading session on Wednesday. This downward movement has resulted in the rate to breached the lower boundary of an uptrend line and the weekly support level at 1.3074.
Upside risks dominated the Australian Dollar against the USD Dollar on Wednesday, as the currency pair ended the session with 68 base points profits. The pair also broke out through the upper boundary of a downtrend channel.
Downside risks continued to dominate the EUR/JPY exchange rate during Wednesday's session, the currency pair ended the day by testing a significant support level set by the weekly pivot point near the 129.64 mark.
Gold continues to appreciate against the US Dollar in a short-term ascending channel for the fourth consecutive day.
USD/JPY has been trading sideways for two consecutive sessions.
The last four trading sessions have been beneficial for the GBP/USD exchange rate, as it has appreciated 1.90% since July 19.
The first part of Wednesday's trading session showed the same lack of direction as during the preceding session.
No significant changes were introduced to the NZD/USD exchange rate positioning on Tuesday, as it remained trading with low volatility and along the 55-hour simple moving average.
The US Dollar has extended its decline against the Canadian Dollar for the third consecutive trading session. A significant resistance cluster was tested on Tuesday. However, after piercing the resistance level, the currency pair made a U-turn south.
Bullish sentiment dominated the AUD/USD exchange rate during Tuesday's trading session. The upside momentum was stopped after the pair pierced the upper boundary of a descending channel.
The narrow descending channel of the EUR/JPY currency pair, which was plotted on Monday, has held its ground, as the decline of the exchange rate has extended into Wednesday session.
Gold remained stable against the US Dollar on Tuesday.
The US Dollar has gained slightly against the Yen during the previous two sessions.
The Sterling found support at the 100-hour SMA early on Tuesday and consequently began appreciating.
Tuesday's trading session lacked volatility, as various moving averages were limiting strong up– or down-moves.
Positions Today Yesterday % Change Longs 63% 63% 0.00% Shorts 37% 37% 0.00% Indicator 4H 1D 1W MACD (12;