The XAU/USD exchange rate bounced off a support level formed by the 200– hour simple moving average at 1808.23 on Monday.
The US Dollar fell by 49 pips or 0.45% against the Japanese Yen on Monday. The currency pair was pressured lower by the 55– hour simple moving average during Monday's trading session.
The British Pound edged lower by 43 pips or 0.31% against the US Dollar on Monday. The decline was stopped by the weekly pivot point at 1.3876 during Monday's trading session.
During the first half of Monday's trading session, the common European currency surged by 35 pips or 0.30% against the US Dollar. However, the EUR/USD pair surrendered the earlier gains by the end of Monday's session.
On Friday, the yellow metal's price plummeted by 195 pips or 1.07%. The commodity breached the 55– hour simple moving average during Friday's trading session.
On Friday, the US Dollar edged higher by 40 pips or 0.35% against the Japanese Yen. The currency pair breached the 55– hour simple moving average during Friday's trading session.
On Friday, the British Pound edged lower by 86 pips or 0.62% against the US Dollar. The currency pair breached the lower boundary of an ascending channel pattern during Friday's trading session.
On Friday, the Eurozone single currency plunged by 54 pips or 0.45% against the US Dollar. The decline was stopped by the 50– hour simple moving average during Friday's trading session.
On Thursday, the yellow metal's price managed to pass the resistance of the zone that is located near the 1,825.00 mark. On Friday morning, the price confirmed the zone as support. Meanwhile, the July high level zone has been marked on the chart. The zone provided resistance on Thursday and caused the most recent retracement back down. If the price passes
As the 55-hour simple moving average approached the USD/JPY from above, it pushed the USD/JPY down. At midnight to Friday, the rate had shortly reached below the 109.40 mark. Afterwards, the pair tested the resistance of the 109.60 mark and the weekly S1 simple pivot point at 109.58. In the case that the rate manages to pass the resistance of the
The GBP/USD failed to reach the 1.4000 mark. On Thursday, the rate bounced off the resistance of the 1.3983 level. On Friday morning, the rate appeared to be retracing down and looking for support. The currency exchange rate could find support in the 55-hour simple moving average near 1.3920 and the weekly R2 simple pivot point at 1.3919. In addition, support
During the GMT midnight hour to Friday, the EUR/USD approached the resistance of the weekly R3 simple pivot at 1.1897 and the 1.1900 mark. However, the rate reversed its direction on Friday morning and retraced down. An extension of the decline could look for support in the weekly R2 simple pivot point at 1.1864 and the 55-hour simple moving average,
On Wednesday, the Federal Reserve's monetary statement caused a drop, which tested the support zone below the 1,795.00 mark. The support zone held and the yellow metal's price started a surge, which passed the resistance of the 55, 100 and 200-hour simple moving averages and broke the upper trend line of a channel down pattern. By the middle of Thursday's
The USD/JPY managed to pass the resistance cluster that was located from 110.00 to 110.20. The rate managed to do so due to the initial surge that was caused by the US Federal Reserve on Wednesday at 18:00. However, the jump was followed by a decline. On Thursday, the rate had retreated and traded almost sideways below the 110.00 level. In
The GBP/USD currency exchange rate has passed the resistance of the 1.3900 mark and the weekly R2 simple pivot point at 1.3919. The next target for the rate appears to be the 1.4000 level. If the rate reaches and passes the resistance of the 1.4000 mark, the pair, in theory, should reach for the combined resistance of the 1.4050 mark and
Despite an initial sharp drop that was caused by the Federal Reserve on Wednesday, on Thursday, the EUR/USD had recovered and reached above the resistance of the 1.1850 mark. In addition, the rate had passed the resistance of the weekly R2 simple pivot point at 1.1864. In the near term future, the pair could continue to surge and reach for
The support of the 1,795.00 price level held on Tuesday. Afterwards, the bullion surged to the resistance of the 200-hour simple moving average near 1,807.00 On Wednesday, the rate had bounced off the SMA and declined to the 1,800.00 level. If the decline continues, the commodity price would first test the support of the 1,795.00 level. Afterwards, other round price levels
The USD/JPY declined on Tuesday. The decline reached down to the 109.60 level and the weekly S1 simple pivot point at 109.58. Afterwards, a recovery started, which by the middle of Wednesday's trading had reached the resistance of the 110.00 mark. In the case that the rate passes the resistance of the 110.00 level, it would face a cluster of technical
The GBP/USD currency exchange rate managed to pass the resistance of the weekly R1 simple pivot point at 1.3835 due to the support of the 55-hour simple moving average. By the middle of Wednesday's European trading hours, the currency exchange rate had reached the 1.3900 mark. The 1.3900 has been keeping the rate down throughout July. If the rate once again
On Tuesday, the EUR/USD not only managed to pass the resistance of the weekly R1 and the late July high levels, but also reached the 1.1840 level. The 1.1840 provided enough resistance for the rate to decline. On Wednesday morning, the rate's decline found support in the 55-hour simple moving average. In the near term future, the rate was expected
On Tuesday, the US Dollar surged by 61 pips or 0.49% against the Canadian Dollar. The currency pair breached the 50– hour simple moving average at 1.2567 during Tuesday's trading session.
On Tuesday, the British Pound edged higher by 84 pips or 0.55% against the Japanese Yen. The exchange rate tested the resistance level at 152.68 during Tuesday's trading session.
On Tuesday, the Australian Dollar declined by 25 pips or 0.34% against the US Dollar. The currency pair encounter a resistance cluster at 0.7370 during yesterday's trading session.
On Tuesday, the common European currency fell by 56 pips or 0.43% against the Japanese Yen. The currency pair tested the weekly pivot point at 129.66 during yesterday's trading session.