On Monday, the surge of the GBP/USD reached above the resistance zone that is located below the 1.3600 mark and the 200-hour simple moving average. However, after the surge, the pair retraced back down and up to Tuesday's European morning the rate traded above the mentioned technical levels. If the support levels cause a surge, the GBP/USD would most likely reach
The EUR/USD recovery found resistance in the 1.1640 level on Monday. Afterwards, a decline began, which during the Tuesday morning hours had reached below the support of the 100 and 55-hour simple moving averages. Moreover, the pair had reached below the 1.1600 mark. If the pair continues to decline, it would do so due to the resistance of the 55
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Since September 30, the yellow metal's price has been testing the resistance of the last week high zone at 1,761.10/1,765.00. Meanwhile, support is being provided by the 55 and 200-hour simple moving averages and the 1,750.00 mark. If the price passes the resistance of the recent high levels, the metal could aim at the 1,800.00 level. However, the 1,780.00 and 1,785.00
The bounce off from the 112.00 mark has turned into a proper decline, as on Friday the USD/JPY currency exchange rate reached the 111.00 level. On Monday, the rate had paused the decline, as the support of the 200-hour SMA was approaching the pair. Meanwhile, resistance levels were spread out from 111.24 to 111.44. In the near term future, a
The GBP/USD recovery passed the resistance of the 55-hour SMA and the 100-hour SMA on Friday. On Monday, the rate paused the surge. After a short investigation, it was discovered that the July low level zone of 1.3575/1.3790 was providing resistance. In the meantime, the 200-hour SMA had approached and strengthened the resistance zone. In addition, the 55 and 100-hour
The EUR/USD currency exchange rate on Monday morning found support in the 55-hour simple moving average at 1.1590 and surged. Moreover, the resistance of the 1.1600 level was ignored. In the case that the rate continues to surge, it would most likely encounter the resistance of 100-hour simple moving average near 1.1620, the weekly simple pivot point at 1.1631. Above
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The yellow metal has clearly broken the resistance of the channel down pattern. It occurred in a sharp four hour jump, which also passed the resistance of the 55, 100 and 200-hour simple moving averages. Eventually, the metal's price was stopped by the 1,765.00 level's resistance. On Friday, the pair traded sideways around the 200-hour SMA and the 1,755.00 level. If the
The USD/JPY made three attempts to pass the 112.00 level before bouncing off it. At mid-day on Friday the rate had declined and almost reached the 111.00 level. If the 111.00 level provides support, the pair might recover. A potential recovery could encounter resistance at the weekly R2 simple pivot point at 111.34, the 100-hour simple moving average at 111.42
The GBP/USD found support on Wednesday and Thursday above the 1.3400 level. The support zone has been marked on the hourly candle chart. After finding support, the pair surged to the resistance of the 55-hour simple moving average and the 1.3500 level. These levels provided resistance and the 55-hour SMA began to push the rate down. By the middle of
The decline of the EUR/USD resumed on Thursday. However, it immediately found support in the 1.1563/1.1568 zone. The zone held the pair up from 10:00 GMT up to 01:30 GMT, when a recovery appeared to have started. During the early hours of Friday's trading hours, the currency exchange rate was approaching the resistance of the 1.1600 level, which could be
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The yellow metal pierced the upper trend line of the channel down pattern on Wednesday. However, the 55-hour simple moving average almost immediately provided resistance and caused a drop of the metal's price. The drop shortly reached below the 1,725.00 before the price began to recover. On Thursday, the bullion retraced back to the previously pierced upper trend line of the
After breaking the channel up pattern, the USD/JPY declined. However, the decline was short, as the pair found support in the 55-hour simple moving average. The SMA provided enough support to cause a surge, which reached the 112.00 level. By the middle of Thursday's trading, the currency exchange rate fluctuated sideways below the 112.00 mark. In the near term future, the