The breaking of the 1,950.00 level's resistance has resulted in a surge to the 1,965.00 mark, which provided resistance. The following decline eventually reached back to the 1,950.00 level by the middle of Friday's trading. If the commodity price clearly declines below the 1,950.00 mark, support might be found in the 100-hour simple moving average near 1,940.00 and the 200-hour SMA
After almost touching the 122.50 mark, the USD/JPY currency pair started a decline, which shortly reached below the 121.40 mark and the 50-hour simple moving average. However, by the middle of the day's European trading hours, the US Dollar had recovered against the Japanese Yen back above the 122.00 level. Namely, a consolidation of gains to the previous high has
Most recently, the GBP/USD has been fluctuating around the 1.3200 mark. Meanwhile, the pair was by large ignoring the 50 and 100-hour simple moving averages and a March resistance and support zone at 1.3195/1.3210. On Friday morning, the pair declined to the 200-hour simple moving average near 1.3160. Form that level a recovery back up to the 1.3200 level occurred.
The support zone at 1.0960/1.0970 has once again held and caused a surge up to the 1.1040 mark. Meanwhile, it was observed on Friday that, despite managing to impact the EUR/USD rate, the technical levels in the 1.1000/1.1027 range fail to reverse the pair's direction. Eventually, the technical levels fail. If the EUR/USD currency pair drops below 1.1000 mark, the
On Thursday, the USD/CAD currency exchange rate dropped below the lower trend line of the channel down pattern, which has guided the pair since March 17. However, the decline stopped at the 1.2510 mark, before the pair retraced to the 1.2550 level. Since Thursday afternoon, the pair has been fluctuating in the 1.2520/1.2550 range. Meanwhile, the 50-hour simple moving average
At midnight to Friday the GBP/JPY currency exchange rate reached the resistance of the 161.50 mark. Afterwards, a decline followed, which was expected to find support in the 50-hour simple moving average and the 160.50 level. However, the pair passed below these levels and by the middle of the day's trading had passed not only the mentioned levels, but also
On Friday morning, the AUD/USD shortly touched a new high level by reaching the 0.7535 level. However, the event was followed by a retracement downwards. At mid-day, the pair was finding support in the combination of the 50-hour simple moving average and the weekly R1 simple pivot point at 0.7497. In addition, the lower trend line of the channel up
The EUR/JPY passed the resistance of the 134.00 mark on Thursday. Eventually, the surge found resistance in the 134.75 mark, before a retracement down started. By the middle of the day's European trading hours, the currency exchange rate approached the support of the 50-hour simple moving average near 133.70. If the pair passes below the 50-hour simple moving average, the
At mid-day on Thursday, the price for gold broke the resistance of the 1,950.00 mark. By 14:00 GMT, it appeared that the price was confirming the 1,948.00/1,951.50 zone as support. In the case that the price for gold surges higher, it might encounter resistance in the 1,960.00 mark, which had acted as support on March 11. Above the round price
The retracement of the USD/JPY currency exchange rate downwards has ended. The pairs most recent surge is being attributed to the approaching 50-hour simple moving average. By 14:00 GMT, the pair was approaching the 122.00 mark, which was strengthened by the close by weekly R3 simple pivot point at 122.09. If the US Dollar reaches above the 122.00 level and the
The GBP/USD currency pair has been trading below the zone at 1.3195/1.3210 since mid-Wednesday. On Thursday, the pair shortly touched the 1.3160 level, before returning to the resistance zone. If the currency exchange rate declines, it could once again look for support in the 1.3160 level, before approaching the 200-hour simple moving average near 1.3140. Further below, note the support
On Wednesday, the EUR/USD bounced off the support zone at 1.0960/1.0970. The event was followed by a recovery, which found resistance in the combination of the 50 and 200-hour simple moving averages near 1.1010. The resistance was enough to cause a decline. At mid-day on Thursday, the pair remained between the 1.0960/1.0970 zone and the 1.1000 mark. If the Euro
On Wednesday, the USD/CAD managed to reach below the support zone of 1.2565/1.2575. However, afterwards the rate did not sharply decline. More in-depth research revealed that the currency pair has been declining in a channel down pattern since March 17. At mid-day on Thursday, the pair was trading between the 1.2560 and 1.2580 level, mostly ignoring technical levels. In regards
The consolidation decline of the GBP/JPY currency pair ended, as the rate reached the 50-hour simple moving average near 159.10. By 11:00 GMT, the simple moving average had pushed the pair through the resistance of the 160.00 mark and the weekly R2 simple pivot point. Next target for the currency exchange rate was the resistance of the 161.00 level. If the
During late Wednesday's trading, the AUD/USD currency exchange rate shortly reached above the 0.7500 mark. Afterwards, the pair declined. It was spotted that the decline might have been caused by the upper trend line of a channel up pattern, which captures the pair's last two day surge. By the middle of Thursday's European trading hours, the pair had declined and
The consolidating decline of the EUR/JPY currency exchange rate ended at the 132.35 level. It was spotted on Thursday that this level has acted both as resistance and support. Due to that reason, it is being marked on the chart. The support level was enough to cause a recovery of the Euro against the Japanese Yen. By the middle
During the mid-hours of Wednesday's trading hours, the price for gold surged and broke technical resistance levels. By 14:00 GMT, the price had reached above the 50 and 100-hour simple moving averages and the upper trend line of the channel down pattern, which has guided the metal down from the 1,950.00 mark since March 17. If the price surges, it might
The decline of the Japanese Yen has continued, as the USD/JPY currency exchange rate has reached the 121.40 level. This level acted as resistance and caused a decline. The decline was assumed to be a consolidation of gains due to the pair being largely overbought. In the case of the USD/JPY declining the rate might look for support in the
During the night to Wednesday, the GBP/USD currency exchange rate reached the 1.3300 mark. The 1.3300 level acted as resistance and caused a decline. The following sharp decline reached below the 1.3200 mark by the start of the day's US trading hours at 13:30 GMT. Moreover, the pair reached below the zone of the March high levels at 1.3195/1.3210. Meanwhile,
The combined resistance of the 1.1040 level and the 100-hour simple moving average was enough to cause a decline of the EUR/USD. By the middle of Wednesday's trading hours, the rate had reached below the 1.1000 mark. In the near term future, the pair might approach the 1.0960 level, which acted as support on Monday. If the Euro passes below
Despite passing above the resistance of the 50-hour simple moving average, the USD/CAD currency exchange rate did not surge. Instead, the pair returned to trade at the support zone of 1.2565/1.2575. Meanwhile, on Wednesday it was spotted that the 50-hour SMA appeared to be once again acting as resistance. A decline of the US Dollar against the Canadian Dollar should pass
The surge of the Pound against the Japanese Yen continues, as the Yen is losing ground on all charts. At midnight to Wednesday, the rate reached the 161.00 mark. The pair traded almost flat below the 161.00 level, before retracing back down on Wednesday morning. In general, it is assumed that the rate is consolidating its gains by slightly declining. In
The AUD/USD currency exchange rate has ended trading sideways and passed above the March high level zone near 0.7440. During the first half of Wednesday's trading hours, the pair was fluctuating almost sideways in the 0.7450/0.7480 range. If the pair surges, it would most likely encounter resistance in the weekly R1 simple pivot point at 0.7497 and the 0.7500 mark.
The EUR/JPY currency pair's Tuesday's surged ended just before midnight GMT hours, as the pair bounced off the 133.90 level. By the middle of the day's European trading hours, the pair had retraced to the 133.00 mark and the weekly R1 simple pivot point at 133.07. If the pair finds enough support in the 133.00 mark to resume its