The resistance of the 1.1715/1.1760 zone held out on Tuesday and a decline followed. By the middle of Wednesday's trading hours, the currency pair had reached the combination of the 1.1600 level and the weekly S2 simple pivot point at 1.1601. If the Pound declines against the US Dollar, the rate could look for support in the 1.1550 and 1.1500
Since the start of Tuesday's Asian trading up to the start of Wednesday's US trading, the EUR/USD currency pair fluctuated in the range between support near 0.9980 and resistance at 1.0040/1.0050. Meanwhile, by the middle of Wednesday's trading, the pair had started to ignore the support and resistance of the 50, 100 and 200-hour simple moving averages and the
On Tuesday morning, the support of the 50-hour simple moving average, the 1.3000 mark and the weekly simple pivot point at 1.2996 failed. Moreover, by 09:00 GMT, the pair had reached below the 100 and 200-hour SMAs near 1.2980. An extension of the decline of the US Dollar compared to the Canadian Dollar could look for support in the weekly S1
The GBP/JPY pair's surge eventually encountered resistance in the weekly R1 simple pivot point at 162.61. Afterwards, a decline followed, which on Tuesday morning found support in the 162.00 level. In the meantime, the rate appears to be also being impacted by the support of the 50, 100 and 200-hour simple moving averages in the 161.75/161.95 range. In the case
On Tuesday morning, the AUD/USD currency exchange rate broke the resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point near the 0.6920 level. A continuation of the surge of the Australian Dollar against the US Dollar might encounter resistance in the weekly R1 simple pivot point at 0.6980 and the 0.7000 mark. Higher
The surge of the Euro against the Japanese Yen eventually encountered resistance in the 139.00 mark. Afterwards, a retracement to the support of the weekly R1 simple pivot point at 138.34 took place. During the morning hours of Tuesday's trading, the pair fluctuated in the 138.30/139.00 range. If the pair resumes its surge higher, the weekly R2 simple pivot
The support of the 1,720.00 mark was enough to cause a retracement back up to the 1,740.00/1,745.00 levels and the 50-hour simple moving average. On Tuesday morning, the 50-hour SMA was pushing the price down, as by 07:30 GMT the price had reached 1,730.00. A decline of the metal's price might look for support in the 1,720.00 level and the 1,710.00/1,715.00
In the aftermath of reaching the 139.00 level, the USD/JPY currency pair declined and found support in the weekly R1 simple pivot point at 138.40. Up to the start of Tuesday's European trading hours, the rate had continued to trade above the technical level. If the US Dollar resumes its surge against the Japanese Yen, the rate would have to
On Tuesday morning, the GBP/USD currency exchange rate was testing the resistance of the last week's low level zone at 1.1715/1.1760. In the meantime, the zone is being approached by the 50 and 100-hour simple moving averages. A decline of the Pound against the US Dollar could be slowed down by the 1.1700 mark and the weekly S1 simple pivot
The recovery from the 0.9900/0.9915 zone passed the 50 and 100-hour simple moving averages near 0.9975, the weekly simple pivot point at 0.9984 and the 1.0000 mark. However, the surge of the Euro against the USD ended near the 1.0020 level, where the 200-hour simple moving average appeared to be acting as resistance. During the morning hours of Tuesday's European
At mid-day on Monday, the USD/CAD pair bounced off the 1.3060/1.3075 zone that captures the August high levels of the rate. By 13:00 GMT, the rate was heading down to the 1.3000 level, which was being strengthened by the weekly simple pivot point at 1.2996. In addition, the 50, 100 and 200-hour simple moving averages were approaching the round exchange
In the aftermath of the Jackson Hole symposium, the GBP/JPY currency pair has managed to surge above the 162.00 level. At mid-day on Monday, the rate reached above 162.00 and appeared to be heading to the 162.50 level and the weekly R1 simple pivot point at 162.61. In the case of a surge above 162.60, the rate could encounter resistance
On Monday morning, the AUD/USD currency pair passed below the support of the 0.6855/0.6860 zone. However, it was observed that the 0.6840 level had stopped the broad decline, which started on Friday, and a recovery was taking place. In the case of a recovery of the Australian Dollar against the US Dollar the pair could encounter resistance first in the 0.6900
On Friday, the EUR/JPY currency pair found support in the 200-hour simple moving average and started a surge. By the middle of Monday's European trading hours, the rate had reached the resistance of the weekly R1 simple pivot point at 138.34 and the August high level at 138.45. A move above the August high level and the 138.50 level could
The Friday's Jackson Hole central banker meeting has added more force to the ongoing decline of the price for gold. On Monday morning, as the markets opened, the price reached the 1,720.00 level, which appeared to be acting as support. A passing below 1,720.00 might look for support in the 1,710.00/1,715.00 zone. The zone captures the late July low levels. Further
The speech of the Chairman of the US Federal Reserve Jerome Powell on Friday initially caused a drop of the USD/JPY rate, before a broad surge of the USD started. On the USD/JPY charts the initial drop reached the 200-hour simple moving average near 136.20. By the middle of Monday's European trading hours, the pair had surged to the 139.00
In the aftermath of the Jackson Hole symposium of central bankers, the GBP/USD currency pair declined. On Monday morning, the rate had reached the 1.1650 level, which acted as support. An extension of the decline of the Pound against the US Dollar might look for support in the weekly S2 simple pivot point at 1.1601 and the 1.1600 mark. Further
The Friday's central banker meeting in Jackson Hole impacted the EUR/USD currency pair in the form of a spike up, which almost touched the 1.0100 level. However, the move was followed by a decline. By the middle of Monday's trading, the pair had reached the 0.9900/0.9915 support zone. If the pair declines below 0.9900, the weekly S1 simple pivot point
The USD/CAD started a decline on Wednesday afternoon, as US PMI data was released. The release of the fundamental data was enough to cause a decline, which broke the ascending pattern and reached below the 200-hour simple moving average and the weekly simple pivot point at 1.2919. By the middle of Thursday's European trading hours, the pair had found support
During the late trading hours of Wednesday, the GBP/JPY currency pair passed the resistance of the upper trend line of a channel up pattern and the 50-hour simple moving average. On Thursday morning, the pair reached above the 100 and 200-hour simple moving average and the weekly simple pivot point at 161.85. However, resistance was found in the 162.00 mark. In
During the early hours of Thursday's trading, the AUD/USD currency pair managed to breach the resistance of the 0.6960/0.6970 zone. By the middle of the day, the pair was testing the previous resistance as support. An extension of the Australian Dollar's surge against the USD might encounter resistance in the 0.7000 level, before the pair reaches the weekly R1 simple pivot
The EUR/JPY currency exchange rate has been observed to be highly volatile in the 135.50/137.00 range. Namely, the pair has been trading between these levels throughout this week. Meanwhile, the 50 and 200-hour simple moving averages have approached the pair from above. Both of the SMAs appear to be capable of impacting the pair in the short term. On Thursday,
The price for gold passed the 1,745.00/1,755.00 zone at midnight to Thursday GMT hours. During the European morning hours, the price extended its recovery and reached the 1,765.00 level. In general, the move was attributed to a broad weakness of the US Dollar. If the price extends its recovery, the 1,800.00/1,807.75 zone could once again be reached and tested. However, take
During the second part of Wednesday's trading, the USD/JPY failed to reach the 137.45/137.70 range, as it bounced off the 137.20 level and started a decline. On Thursday morning, the pair was located near the 136.50 level. In general, the situation remains unchanged, as the markets expect news from the central banker symposium in Jackson Hole Wyoming. If the US Dollar