On Monday, the British Pound dropped by 54 pips or 0.42% against the US Dollar. The currency pair tested a support cluster near the 1.3880 area during the Asian session on Tuesday.
On Monday, the common European currency declined by 50 pips or 0.41% against the US Dollar. The decline was stopped by the 55– hour simple moving average during yesterday's trading session.
The US Dollar has declined by 61 pips or 0.49% against the Canadian Dollar since Friday's trading session. The USD/CAD currency pair broke the 1.2470 level on Monday morning.
The British Pound surged by 67 pips or 0.45% against the Japanese Yen on Friday. The currency pair breached the upper boundary of a descending channel pattern on Monday morning.
Australia's currency surged by 55 pips or 0.71% against the US Dollar on Friday. The currency pair breached the resistance level at 0.7760 during the Asian session on Monday.
The single European currency surged by 91 pips or 0.70% against the Japanese Yen on Friday. A breakout occurred through the upper line of a descending channel pattern during Friday's trading session.
On April 23, the precious metal Gold dropped by 247 pips or 1.38% against the US Dollar. The commodity breached the 55– and 100– hour SMAs during Friday's trading session.
On Friday, the US Dollar rose by 58 pips or 0.54% against the Japanese Yen. The surge was stopped by a resistance cluster formed by the 55– and 100– hour SMAs near the 108.00 level during Friday's trading session.
During the first half of Friday's trading session, The British Pound declined by 58 pips or 0.42% against the US Dollar. However, the exchange rate rebounded at the end of the day.
On April 23, the common European currency surged by 88 pips or 0.73% against the US Dollar. The currency pair breached the resistance level at 1.2080 during Friday's trading session.
The high levels from 1,790.00 to 1,800.00 have been marked in a resistance zone, as it has held throughout this week. On Friday, the rate passed the support levels of the 55 and 100-hour simple moving averages, which previously provided support. The decline of the metal had no support as low as the 1,765.00 mark and the 200-hour simple moving average
The USD/JPY managed to pass the support of the 107.80/108.00 zone. This resulted in a sharp drop to the 107.50 level. However, the support of the 107.50 managed to hold and immediately cause a surge. The surge was much sharper than the drop and in less than two hours had almost reached the 108.20 level, ignoring all the levels that
On Friday, the GBP/USD currency exchange rate began to trade sideways between the support of the 200-hour simple moving average at 1.3855 and the resistance of the 55-hour SMA at 1.3893. In the case of the rate breaking out of the squeeze to the downside, the rate would most likely look for support first in the 1.3800 level and afterwards
The EUR/USD found support in the zone of the mid-April high levels before starting a surge. By the start of the Friday's US trading hours, the currency exchange rate had already reached the resistance of the weekly R2 simple pivot point, which reversed the rate's surge on April 20. In the near term future, if the pair passes the resistance
The US Dollar declined by 38 pips or 0.30% against the Canadian Dollar on Thursday. The USD/CAD currency pair found support at 1.2476 during yesterday's trading session.
The British Pound declined by 128 pips or 0.95% against the Japanese Yen on Thursday. The GBP/JPY currency pair tested the 149.45 level during yesterday's trading session.
The Australian Dollar fell by 58 pips or 0.74% against the US Dollar on Thursday. The currency pair breached the 50– and 200– hour SMAs during Thursday's trading session.
The common European currency declined by 63 pips or 0.48% against the Japanese Yen on Thursday. The currency pair tested the support level at 129.66 during Thursday's trading session.
The yellow metal made two attempts to reach the resistance of the 1,800.00 level. Both of them failed. On Thursday, the rate was declining, as by the middle of the day's European trading hours, the rate had almost reached the 55 and 100-hour simple moving averages. If the 55 and 100-hour simple moving averages provide enough support, the commodity price could
The USD/JPY continued to trade between the weekly S2 simple pivot point's support and the resistance of the 55-hour simple moving average. However, the situation had changed, as the rate was now piercing the support level and not the resistance. Namely, a decline was more possible than a surge. In the case of the support of the weekly S2 simple pivot
During the first half of Thursday's European trading, the GBP/USD currency exchange rate remained below the resistance of the 55-hour simple moving average. In the meantime, it was spotted that the rate was finding support in the 1.3900 mark. In the case of the 1.3900 level failing to continue to provide support, the GBP/USD would most likely decline to the 1.3850
EUR/USD currency exchange rate found support in the 100-hour simple moving average on Wednesday and began a recovery. By the middle of Thursday's trading, the pair continued to be pushed up by the 100-hour SMA. In the near term future, the rate was expected to once again test the resistance of the 1.2080 level and the weekly R2 simple pivot
On Wednesday, the Bank of Canada made a rate statement, which created a long-unseen move. As a result, the US Dollar plunged by 170 pips or 1.36% against the Canadian Dollar.
During the first half of Wednesday's trading session, the British Pound declined by 78 pips or 0.51% against the Japanese Yen. However, the currency pair rebounded from a support line at 150.25 at the end of the day.