On Thursday, the common European currency declined by 107 pips or 0.81% against the Japanese Yen. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session.
The bullion's price has continued to trade in the channel up pattern. However, it was spotted that on Thursday the price had faced the resistance of the 1,790.00 level. During the early Thursday's US trading hours, the price for gold was fluctuating near the 1,780.00 level, as it was finding support in the 55-hour simple moving average and the lower
The USD/JPY currency exchange rate bounced off the 114.70 level, which is the 2017 November high level, on Tuesday. This resulted in a decline, which one by one passed the support of the 55, 100 and 200-hour simple moving averages. During Thursday European evening hours, the pair had reached the support of the weekly simple pivot point at 113.64. Meanwhile, it
The resistance of the weekly R1 simple pivot point and the 1.3830 mark has continued to keep the rate down. On Thursday, a decline of the rate retreated to 1.3800 and shortly traded below the round exchange rate level before slightly recovering. In the meantime, by connecting the Wednesday and Thursday low levels and combining it with the resistance of the
The EUR/USD made another attempt to pass the resistance of the 1.1670 level. The pair failed and began a decline. By the start of Thursday's US trading hours, the currency exchange rate fluctuated around the weekly R1 simple pivot point and the 55-hour simple moving average. If the rate surges, it would once again test the resistance of the 1.1670
The US Dollar declined by 56 pips or 0.45% against the Canadian Dollar on Wednesday. The currency pair was pressured lower by the 50– hour simple moving average during yesterday's trading session.
During the first half of Wednesday's trading session, the British Pound declined by 107 pips or 0.67% against the Japanese Yen. However, the currency pair regained the lost points at the end of the day.
The Australian Dollar surged by 50 pips or 0.67% against the US Dollar on Wednesday. The currency pair breached the upper line of an ascending channel pattern during the Asian session on Thursday.
The Eurozone single currency declined by 58 pips or 0.43% against the Japanese Yen. The decline was stopped by the 50– hour simple moving average during Wednesday's trading session.
The sharp recovery of the yellow metal's price turned into a sharp decline, as the price touched the 1,785.00 level. The following decline ended at GMT midnight to Wednesday. During these recent moves a channel up pattern was revealed. The pattern can be drawn by connecting the October 18, 19 and 20 low levels and setting the parallel line at
After touching the 114.70 level, the USD/JPY currency exchange rate began a decline. On Wednesday morning, the pair found support in the 55-hour simple moving average near 114.30. The event resulted in an apparent recovery of the USD/JPY, which could once again test the resistance of the 114.70 mark. If the USD/JPY surges above the 114.70 level, it would most likely
On Tuesday, the GBP/USD surged and reached the resistance of the weekly R1 simple pivot point at the 1.3830 level. The pivot point's resistance held and caused a decline. By the middle of Wednesday's European trading hours, the decline had passed the support of the 55-hour SMA at 1.3769 and was heading to the 1.3750 mark. In the case that the
On Tuesday, the EUR/USD failed to surge, as the 1.1670 appeared to have provided the rate with resistance, which caused a decline. By the middle of Wednesday's trading, the pair had reached the last week's high level zone, which provided support. If the rate passes the support of the 1.1620/1.1625 zone, it could aim at the 1.1600 level before reaching
The US Dollar edged higher by 49 pips or 0.40% against the Canadian Dollar on Tuesday. The surge was stopped by the 50– hour simple moving average at 1.2364 during yesterday's trading session.
The GBP/JPY currency pair bounced off the support level formed by the 50– hour simple moving average at 157.00 on Tuesday. As a result, the British Pound rose by 109 pips or 0.70% against the Japanese Yen.
On Tuesday, the Australian Dollar rose by 77 pips or 1.04% against the US Dollar. The AUD/USD currency pair breached the resistance level at 0.7432 during yesterday's trading session.
On Tuesday, the common European currency edged higher by 55 pips or 0.41% against the Japanese Yen. The 50– hour simple moving average continued to pressure the currency pair higher.
The rate traded near the 1,765.00 mark throughout Monday. At GMT midnight to Tuesday, the price of gold started a surge. Namely, by 09:30 GMT, the bullion had already almost reached the 1,785.00 level. During the surge, the resistance of the 55, 100 and 200-hour simple moving averages was ignored. A continuation of the surge of the price for gold
The rate has ended trading between the 114.00 and 114.50 levels by declining below the 114.00 mark. However, the USD/JPY almost immediately stopped at the support of the 100-hour simple moving average at 113.90. If the 100-hour simple moving average pushes the USD/JPY up, the pair could find resistance first in the 55-hour simple moving average at 114.23. Above this level,
The GBP/USD passed the support of the channel up pattern. However, as the rate approached the 55-hour simple moving average and the 1.3710 level, a recovery began. By the start of Tuesday's European trading hours, the pair had almost reached the 1.3800 mark. If the rate finds resistance at the 1.3800 mark, it could either trade sideways below it or decline.
The 200-hour simple moving average's support held, and the EUR/USD began a surge. The surge managed to break the resistance of the high level zone near 1.1620 and the weekly R1 simple pivot point at 1.1644. During the early hours of Tuesday's trading, the rate had reached the 1.1660 level. A potential continuation of the surge would most likely face
On Monday, the US Dollar declined by 42 pips or 0.34% against the Canadian Dollar. The currency pair breached the 50– hour simple moving average during yesterday's trading session.
On Monday, the British Pound declined by 65 pips or 0.41% against the Japanese Yen. The decline was stopped by the 50– hour simple moving average during Monday's trading session.
Australian Dollar has surged by 72 pips or 0.98% against the US Dollar since Monday's trading session. The currency pair breached the resistance level formed by the 50– hour simple moving average at 0.7413 on Tuesday morning.