As explained on Thursday, all triangle patterns are eventually broken. The ascending triangle of the GBP/USD was broken to the downside. However, the sharp break out was stopped by the 100-hour simple moving average at the 1.3780 level. Afterwards, the pair traded sideways between the resistance of the 55-hour SMA and the support of the 100-hour SMA. The sideways trading
The support zone of the last week's high and this week low levels kept the EUR/USD from declining. Namely, on Thursday, the rate found support in 1.1620 and started a recovery. By the middle of the day's European trading hours, the pair had recovered to the weekly R1 simple pivot point at 1.1644. If the pair continues to recover, it
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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
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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
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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,