At midnight to Friday, the GBP/USD reached the resistance of the 1.4000 mark. This level provided resistance and the currency exchange rate retreated. By the middle of the day's trading, the retracement down had reached the combined support of the channel up pattern and the 55-hour simple moving averages. The channel's line and the 55-hour SMA were most likely going to
The New Zealand Dollar has declined by 56 pips 0.78% against the US Dollar since yesterday's trading session. The currency pair breached the 50– and 200– hour SMAs on Friday morning.
By the start of Friday's European trading hours, the EUR/USD remained in the channel up pattern, which guided the rate throughout this week. By 09:00 GMT, the rate had started to test the support of the channel. In the case of the support of the pattern failing to keep the rate up, the EUR/USD would first look for support in
Downside risks pressured the US Dollar against the Canadian Dollar on Thursday. As a result, the exchange rate fell by 93 pips or 0.73% during Thursday's trading session.
The Australian Dollar surged by 65 pips or 0.85% against the US Dollar on Thursday. The AUD/USD currency pair breached the 0.7800 level during the Asian session on Friday.
Upside risks dominated the common European currency against the Japanese Yen on Thursday. As a result, the currency pair surged by 76 pips or 0.59% during yesterday's trading session.
The yellow metal reached the 1,730.00 mark. Moreover, it broke this level's resistance. In addition, the upper trend line of a large scale channel down pattern that had guided the rate since early February was broken. Meanwhile, analysts have spotted and added to the chart a channel up pattern, which has guided the price during this week. This week, almost all
The USD/JPY currency exchange rate has been finding support in a 50.00% Fibonacci retracement level at 108.35. In the meantime, the rate was by large ignoring the hourly simple moving averages, as the 100-hour SMA failed to provide significant support. In addition, note that a channel down pattern was spotted. Most USD rates have been guided by a channel pattern throughout
The GBP/USD has passed the resistance of the 200-hour simple moving average. It has resulted in a surge, which on Thursday aimed at the 1.3982 level, where a weekly R1 simple pivot point was located at. Meanwhile, a channel up pattern was spotted, which has guided the rate during this week. In the case of the rate passing the pivot point
By the middle of the day's European trading hours, the currency exchange rate had reached the resistance of the 200-hour simple moving average and the weekly simple pivot point at 1.1975. In the meantime, analysts spotted a channel up pattern, which had guided the rate throughout this week. In the near term future, the rate would test the combined
The New Zealand Dollar has edged higher by 100 pips or 1.40% against the US Dollar since yesterday's trading session.
The US Dollar has declined by 93 pips or 0.73% against the Canadian Dollar since yesterday's trading session. The currency pair was pressured lower by the 50, 100– and 200-hour SMA on Thursday.
The Australian Dollar surged by 63 pips or 0.82% against the US Dollar on Wednesday. The currency pair breached the 200– hour simple moving average at 0.7735 during the Asian session on Thursday.
The common European currency has surged by 82 pips or 0.64% against the Japanese Yen since yesterday's trading session. The currency pair breached the weekly resistance level at 129.72 during the Asian session on Thursday.
As it was speculated on Tuesday, the yellow metal was impacted by round price levels before reaching the 200-hour simple moving average. Namely, the 1,710.00 and 1,720.00 levels provided the commodity price with both support and resistance. In the meantime, on Wednesday, the price was being approached by the mentioned SMA. In the case of the 200-hour SMA providing resistance, the
During the second part of Tuesday's trading, the USD/JPY passed below the support of the 55-hour simple moving average. The SMA was pushing the rate up since February 24. In the meantime, the pair was being approached by the 100-hour SMA. If the 100-hour SMA provides support, the rate could surge and make another attempt to pass the resistance of the
The surge of the GBP/USD found resistance in the 200-hour simple moving average, which caused a retracement down. By the middle of Wednesday's GMT trading hours, the rate was once again approaching the resistance of the SMA. In the case of the SMA being passed, the pair could reach for the weekly R1 simple pivot point at 1.3982. If the pivot
Despite passing the resistance of the 1.1900 mark, the EUR/USD did not book large gains. The 1.1915 level provided resistance and stopped the rate's surge. It was spotted on Wednesday that this level provided both support and resistance to the rate since the end of the last week. In the meantime, the rate was being approached by the 100-hour
The New Zealand Dollar surged by 73 pips or 1.03% against the US Dollar on Tuesday. The currency pair breached the upper boundary of a descending channel pattern during Tuesday's trading session.
The USD/CAD currency pair rebounded from a one– week low at the 1.2600 level during yesterday's trading session. As a result, the US Dollar has surged by 79 pips or 0.63% against the Canadian Dollar since yesterday's trading session.
The Australian Dollar surged by 96 pips or 1.26% against the US Dollar on Tuesday. The currency pair tested the upper line of a descending channel pattern at 0.7713 during Tuesday's trading session.
The common European currency declined by 53 pips or 0.41% against the Japanese Yen on Tuesday. The decline was stopped by the lower line of an ascending channel pattern at 129.00 during yesterday's trading session.
After finding support in the 1,675.00 level on Monday, the price of the yellow metal began a surge. By the middle of Tuesday's GMT trading hours, the price had reached above the 100-hour simple moving average, which had previously stopped an attempt to recover. In the near term future, the rate should aim at the resistance of the 200-hour SMA and
The USD/JPY managed to pass the 108.55/108.65 resistance zone. On Tuesday morning, the currency exchange rate had reached the resistance of the weekly R1 simple pivot point at 109.23. After making attempts to pass it for six hours straight, the pair declined to the support of the 55-hour simple moving average. In the near term future, the rate was expected to