The US Dollar soared by 59 pips or 0.49% against the Canadian Dollar on Friday. The surge was stopped by the 50– hour simple moving average during Friday's trading session.
The British Pound edged lower by 58 pips or 0.37% against the Japanese Yen on Friday. The currency pair breached a support cluster at the 154.20 level during Friday's trading session.
The Australian Dollar declined by 60 pips or 0.77% against the US Dollar on Friday. The AUD/USD currency pair breached the 50– and 200– hour SMAs during Friday's trading session.
The common European currency declined by 60 pips or 0.45% against the Japanese Yen on Friday. The currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.
The XAU/USD exchange rate fell by 124 pips or 0.66% during Friday's trading session. The decline was stopped by the 100– hour simple moving average on Friday.
The US Dollar rose by 37 pips or 0.34% against the Japanese Yen on Friday. The surge was stopped by the 50– and 100– hour SMAs during Friday's trading session.
During Friday's trading session, the British Pound declined by 83 pips or 0.58% against the US Dollar. The currency pair breached the 50– and 100– hour SMAs on Friday.
The Eurozone single currency declined by 77 pips or 0.63% against the US Dollar on Friday. The decline was stopped by the 200– hour simple moving average during Friday's trading session.
First of all, note that after breaking the resistance of the 1,875.00 level, the yellow metal's price has been ignoring this level. It does not provide support or resistance. In the meantime, since Wednesday, the price has been fluctuating in a symmetrical triangle pattern. In theory, the metal's price should reduce volatility in the borders of the pattern until a
The 108.80 level did not manage to provide support to the USD/JPY currency exchange rate during Thursday's and Friday's trading hours. On Friday morning, the rate clearly passed below the 108.80 level, as the 108.70 mark was touched. In the near term future, the decline of the rate could reach the 108.60 level, which reversed the highly volatile Wednesday's decline. If
On Friday morning, the GBP/USD currency exchange rate reached the resistance of the 1.4200 level. The 1.4200 mark caused a decline on Wednesday, which reached the 1.4100 level. The near term future forecasts were based upon whether or not the 1.4200 level provides resistance. If the GBP/USD passes the resistance of the 1.4200 mark, the pair would test the resistance
The EUR/USD managed to surge by passing the 55-hour simple moving average. Support was provided by the 100-hour simple moving average. During the early Friday's European trading hours, the rate had reached the resistance of the 1.2240/1.2245 zone. Note that the 1.2245 level is the February high level, which reversed the pair's recovery and caused a 4.30% decline. In the
The yellow metal increased volatility on Wednesday and managed to break the resistance of the 1,875.00 level. Although, the rate retraced back down after touching the 1,890.00 mark. On Thursday, the price of the commodity was fluctuating between the 1,865.00 and 1,880.00 levels. In regards to the near term future, the metal could surge due to the approaching support of the
Despite the increase of volatility at mid-day on Wednesday, the USD/JPY currency exchange rate traded near previous days levels at mid-day on Thursday. In the near term future, the rate could decline, as it was being pushed down by hourly simple moving averages. A potential decline would most likely look for support in the 108.80 mark. Below that level, the weekly
The decline of the GBP/USD currency exchange rate found support in the combination of the 1.4100 mark, the 200-hour simple moving average and the support zone that is located from 1.4100 to 1.4110. In the near term future, if the pair surges, it would have to pass the resistance of the 100-hour simple moving average near 1.4140, the 55-hour SMA near
The previous May high levels did not provide support to the rate on Wednesday. However, just below the high levels, the 100-hour simple moving average provided support. By the middle of Thursday's trading, the EUR/USD had been pushed up by the SMA to the resistance of the 1.2200 mark. The 1.2200 level was being strengthened by the resistance of
Since early Tuesday trading hours, the yellow metal's price was testing the resistance of the 1,875.00 level. After three attempts to pass the metal, the metal began a decline. By the middle of Wednesday's trading, the commodity had reached the 1,860.00 level and had passed the 55-hour simple moving average. In the near term future, the price could look for support
At mid-day on Wednesday, the USD/JPY currency exchange rate passed the resistance of the 55 and 200-hour simple moving averages at 109.10. Previously, the rate's decline found support in the 108.85 level, which kept the rate from declining throughout most of Tuesday. In the near term future, the rate was expected to test the resistance of the weekly simple pivot point
On Wednesday, the GBP/USD currency exchange rate retreated to the support of the previous May high levels at 1.4160/1.4170. In addition, this zone was being strengthened by the 55-hour simple moving average, which was catching up with the rate. In the case that the rate passes the previous May high support zone at 1.4160/1.4170, the currency exchange rate could decline to
On Wednesday morning, the EUR/USD currency exchange rate touched the 1.2245 level. However, the rate began a retracement down in the aftermath. Potential support could be provided by the 1.2200 mark and the weekly R1 simple pivot point at 1.2201. If the rate passes the support of the 1.2200 level, the pair could reach the 55-hour simple moving average at
The yellow metal's price has reached above the 1,870.00 level. Note that the surge occurred faster than expected, as the rate even broke the narrow channel up pattern, which had guided the price up since May 13. In the near term future, the metal was expected to consolidate by trading sideways until the hourly simple moving averages catch up with it
On Tuesday morning, the USD/JPY currency exchange rate plummeted, as the rate passed the support of the 109.00 level. Moreover, the pair broke the channel down pattern, which guided the pair down since May 13. In regards to the future, the rate had no technical support. Namely, the USD/JPY could decline as low as the weekly S1 simple pivot point at
On Tuesday, the GBP/USD passed the resistance zone near 1.4160, the weekly R1 simple pivot point at 1.4181 and the 1.4200 mark. In the near term future, the currency exchange rate was expected to reach fort the 1.4250 level and the weekly R2 simple pivot point at 1.4258. In general, the rate should consolidate below these levels, as due to
On Tuesday morning, the EUR/USD currency exchange rate broke the resistance of the 1.2175/1.2180 zone. It was followed up by an immediate passing of the resistance of the weekly R1 simple pivot point at 1.2201 and the 1.2200 mark. In the near term future, the pair was expected to surge, as it had no technical resistance as high as the