The GBP/USD retraced back up to the 55 and 200-hour simple moving averages and the upper trend line of the channel down pattern. However, during the Asian session, the exchange rate broke the channel pattern and the resistance of the 55 and 200-hour SMAs. On Wednesday morning, the pair confirmed the previous resistance of the channel pattern as support before
After a test of the resistance of the 1.1950 mark, the EUR/USD eventually declined below the support of the 1.1915/1.1910 zone. Afterwards, the pair found support in last week's low levels at 1.1882/1.1888. Since Tuesday's GMT afternoon hours, the pair was trading sideways between the two mentioned zones. In the meantime, the rate was being approached by the resistance
The New Zealand Dollar surged by 30 pips or 0.42% against the US Dollar on Tuesday. The currency pair tested the upper boundary of a descending channel pattern at 0.7200 during yesterday's trading session.
The US Dollar declined by 62 pips or 0.50% against the Canadian Dollar on Tuesday. The currency pair was pressured lower by the 50– hour simple moving average during yesterday's trading session.
The Australian Dollar surged by 41 pips or 0.54% against the US Dollar on Tuesday. The surge was stopped by the 50– hour simple moving average during yesterday's trading session.
The common European currency declined by 77 pips or 0.59% against the Japanese Yen on Tuesday. The currency pair breached the lower boundary of an ascending channel pattern during yesterday's trading session.
Since the start of this week's trading, the price for gold has remained near the 1,730.00 level. However, on Tuesday morning, the rate had shortly pierced the resistance of the 1,735.00 level. Moreover, it was not retracing down to the support of the 55-hour simple moving average near 1,724.00. In the near term future, the metal was expected to continue to
Since early Monday's trading hours, the USD/JPY has been testing the resistance zone of the March high levels. However, the rate has been booking higher low levels after each failed attempt to pass the zone. In addition, the support of the 55-hour simple moving average was approaching the rate from below. In the case of the resistance zone failing, the pair
The GBP/USD has passed the support of the zone that kept it up since March 10. On Tuesday morning, the pair reached the support of the weekly S1 at 1.3813. In the meantime, it was spotted that the 55-hour SMA and the resistance of the weekly simple pivot point caused the most recent decline, which pushed through the mentioned support
Since the middle of Monday's trading, the EUR/USD has traded sideways between the support of the 1.1910/1.1915 and the resistance of the 1,940.00 level. In addition, resistance was being provided by the 55 and 100-hour simple moving averages. In the near term future, the rate could be pushed through the support of the 1.1910/1.1915 zone by the resistance of the
The New Zealand Dollar declined by 39 pips or 0.54% against the US Dollar on Monday. The currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.
The US Dollar rose by 59 pips or 0.47% against the Canadian Dollar on Monday. The surge was stopped by the 50– hour simple moving average during yesterday's trading session.
The Australian Dollar declined by 63 pips or 0.81% against the US Dollar on Monday. The currency pair tested the lower boundary of an ascending channel pattern at 0.7726 during yesterday's trading session.
The single European currency declined by 41 pips or 0.31% against the Japanese Yen on Monday. The EUR/JPY currency pair breached the 50– hour simple moving average during yesterday's trading session.
Gold found support in the 1,700.00 price level. It resulted in a surge, which by the middle of Monday's European trading hours had reached above the 1,730.00 level. In the case of the surge continuing, the price could test the resistance of the 1,740.00 level, which provided resistance on Thursday. If this level gets passed, most likely the 1,750.00 level would
In the aftermath of breaking the channel down pattern, the USD/JPY surged and reached a new high level. However, after booking a new high, the pair began to decline. In the near term future, the pair was expected to look for support at the 108.87 level. At that level the weekly simple pivot point and the 55 and 100-hour simple
In the aftermath of breaking the channel up pattern on Friday, the GBP/USD declined to the support of the 1.3860 level. Afterwards the rate recovered to start trading sideways between the 55 and 200-hour simple moving averages. If the rate manages to pass the resistance of the 55-hour simple moving average, the pair could once again test the high level of
In the aftermath of breaking the channel up pattern on Friday, the EUR/USD has traded between the 1.1960 and 1.1910 levels. Meanwhile, the pair has by large ignored technical levels like the weekly simple pivot point and hourly simple moving averages. If the rate manages to pass the support of the 1.1910 level, it would first look for support at
The New Zealand Dollar declined by 66 pips or 0.92% against the US Dollar on Friday. The decline was stopped by the lower line of an ascending channel pattern during Friday's trading session.
The US Dollar declined by 109 pips or 0.87% against the Canadian Dollar on Friday. The currency pair was pressured lower by the 50– hour simple moving average during last week's trading sessions.
The Australian Dollar declined by 69 pips or 0.88% against the US Dollar on Friday. The decline was stopped by the 200– hour simple moving average during Friday's trading session.
The common European currency surged by 52 pips or 0.40% against the Japanese Yen on Friday. The currency pair was pressured higher by the 50– hour simple moving average during last week's trading sessions.
The yellow metal found resistance in the 1,740.00 level, which was enough for it to decline. The decline was only slowed down by the 55-hour simple moving average. However, eventually the SMA failed. By mid-day on Friday, the metal had reached the 1,700.00 mark. If the 1,700.00 mark provides support, the metal's price could trade sideways or retrace back
The USD/JPY has broken the channel down pattern. Namely, the squeeze between the upper trend line of the pattern and the 50.00% Fibonacci retracement level at 108.35 ended with a break-out to the upside. By the middle of Friday's trading, the rate was reaching for the weekly R1 at 109.23. If the weekly R1 simple pivot point holds, the rate could