The consolidating decline of the EUR/JPY currency exchange rate ended at the 132.35 level. It was spotted on Thursday that this level has acted both as resistance and support. Due to that reason, it is being marked on the chart. The support level was enough to cause a recovery of the Euro against the Japanese Yen. By the middle
During the mid-hours of Wednesday's trading hours, the price for gold surged and broke technical resistance levels. By 14:00 GMT, the price had reached above the 50 and 100-hour simple moving averages and the upper trend line of the channel down pattern, which has guided the metal down from the 1,950.00 mark since March 17. If the price surges, it might
The decline of the Japanese Yen has continued, as the USD/JPY currency exchange rate has reached the 121.40 level. This level acted as resistance and caused a decline. The decline was assumed to be a consolidation of gains due to the pair being largely overbought. In the case of the USD/JPY declining the rate might look for support in the
During the night to Wednesday, the GBP/USD currency exchange rate reached the 1.3300 mark. The 1.3300 level acted as resistance and caused a decline. The following sharp decline reached below the 1.3200 mark by the start of the day's US trading hours at 13:30 GMT. Moreover, the pair reached below the zone of the March high levels at 1.3195/1.3210. Meanwhile,
The combined resistance of the 1.1040 level and the 100-hour simple moving average was enough to cause a decline of the EUR/USD. By the middle of Wednesday's trading hours, the rate had reached below the 1.1000 mark. In the near term future, the pair might approach the 1.0960 level, which acted as support on Monday. If the Euro passes below
Despite passing above the resistance of the 50-hour simple moving average, the USD/CAD currency exchange rate did not surge. Instead, the pair returned to trade at the support zone of 1.2565/1.2575. Meanwhile, on Wednesday it was spotted that the 50-hour SMA appeared to be once again acting as resistance. A decline of the US Dollar against the Canadian Dollar should pass
The surge of the Pound against the Japanese Yen continues, as the Yen is losing ground on all charts. At midnight to Wednesday, the rate reached the 161.00 mark. The pair traded almost flat below the 161.00 level, before retracing back down on Wednesday morning. In general, it is assumed that the rate is consolidating its gains by slightly declining. In
The AUD/USD currency exchange rate has ended trading sideways and passed above the March high level zone near 0.7440. During the first half of Wednesday's trading hours, the pair was fluctuating almost sideways in the 0.7450/0.7480 range. If the pair surges, it would most likely encounter resistance in the weekly R1 simple pivot point at 0.7497 and the 0.7500 mark.
The EUR/JPY currency pair's Tuesday's surged ended just before midnight GMT hours, as the pair bounced off the 133.90 level. By the middle of the day's European trading hours, the pair had retraced to the 133.00 mark and the weekly R1 simple pivot point at 133.07. If the pair finds enough support in the 133.00 mark to resume its
The price for gold has continued the decline form the 1,950.00 zone. By the middle of Tuesday's US trading hours, the pair had reached the 1,910.00 mark. In the meantime, it was spotted that the recent decline is occurring in a channel down pattern. The lower trend line of the pattern, crosses the 1,910.00 level and provides additional support. A recovery
The USD/JPY currency exchange rate was steeply rising since March 14 in a channel up pattern. On Tuesday, the pattern was broken to the upside. By the middle of the day's trading, the pair had already reached the 121.00 mark, which acted as resistance. Meanwhile, a minor retracement appeared to have found support in the 120.50 mark. If the US Dollar
Since the Bank of England hiked interest rates on Thursday, the GBP/USD has been trading almost sideways between a resistance zone at 1.3195/1.3210 and the support at 1.3110/1.3125. At mid-day on Tuesday, the pair broke the resistance zone and surged above the 1.3250 mark and the weekly R1 simple pivot point at 1.3248. Moreover, the passed levels appeared to have
This week, the EUR/USD currency exchange rate mostly ignored the support and resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point. Mainly, the various technical levels manage to hold out for up to five hours, before failing. At mid-day on Tuesday, the pair was located near the 1.1040 mark. Meanwhile, the mentioned technical
This week, the USD/CAD passed below the March low level at 1.2588. However, support was found in the 1.2565/1.2575 zone, before a recovery started. On Tuesday, the recovery managed to pierce the resistance of the 50-hour simple moving average, which had been acting as resistance since Friday. In the near term future, the pair might continue to surge, and find resistance
On Tuesday morning, the GBP/JPY shortly paused at the 2021 high level at 158.23, before piercing it and jumping up. By 10:00 GMT, the rate had already reached above the 159.50 mark. In addition, the pair had no technical resistance as high as 160.00, and it was expected to reach this level. Note the weekly R2 simple pivot point at
This week, the AUD/USD currency exchange rate has been trading around the 0.7400 mark. Namely, support is being provided by the 0.7365/0.7380 zone and resistance is found at 0.7418/0.7426 If the Australian Dollar reaches above the 0.7418/0.7426 zone, the rate would most likely encounter resistance at the March high level zone at 0.7430/0.7442. Higher above, note the weekly R1 simple pivot
It was spotted on Tuesday morning that the EUR/JPY currency exchange rate was trading in an ascending triangle pattern. Namely, the pair was finding resistance in the 131.85/132.00 zone and support was found in an ascending trend line. By the start of the day's European trading hours, the pattern was broken and the rate sharply surged. Prior to 10:00
The recovery of the Gold price made attempts to pass the 1,947.40/1,951.80 zone and failed. During the first half of Friday's GMT trading hours, the commodity declined and found support in the 50-hour simple moving average and the 1,930.00 mark. In the meantime, the 100-hour simple moving average approached the rate, acted as resistance for four hours, before passing below
On Thursday, the USD/JPY currency exchange rate found enough support in the zone at 118.35/118.45 to start a sharp surge. By the middle of Friday's trading the pair had reached once again above the weekly R2 simple pivot point at 119.04 and the 119.00 mark. In the meantime, it was spotted that during the last three trading sessions the pair
In the aftermath of the Bank of England rate hike, the GBP/USD currency exchange rate eventually recovered. However, it was spotted on Friday that the recent high levels of the pair form a resistance line. If the Pound surges against the US Dollar, it would have to pass the resistance of the 50-hour simple moving average near the 1.3140 mark,
The EUR/USD managed to pass the resistance of the March high levels at 1.1100/1.1120 during late Thursday's trading hours. However, the passing of the high levels was immediately followed by a steep decline. By the middle of Friday's trading, the pair had already reached the 1.1020 level. If the EUR/USD continues to decline, the pair could find support in the
The decline of the USD/CAD has reached the 1.2600 mark. The round exchange rate level acted as support during Friday's early trading hours. If the pair recovers, it would encounter resistance in the February low level at 1.2640, before approaching the 1.2650 mark and the 1.2650/1.2660 zone. In addition, note the weekly S1 simple pivot point at 1.2661 and the
The GBP/JPY experienced a sharp drop on Thursday due to the Bank of England hiking interest rates, but revealing comments that indicated that less monetary tightening could occur in 2022. However, after the drop, the pair started to recover. On Friday morning, the pair had reached the 156.50 mark. In the meantime, the recent high levels have been marked as
The surge of the AUD/USD passed the resistance of the March 10 high level in a sharp move up, not even testing the resistance zone. Afterwards, the rate revealed the zone's upper border by starting to find support in it. On Friday morning, the rate surged from the 0.7365/0.7372 zone and found resistance in the weekly R1 simple pivot point