On Thursday morning, the GBP/USD currency pair reversed its direction even before reaching the week's high levels and the weekly simple pivot point at 1.3428. By the end of the day's US trading hours, the rate had declined below the 50 and 100-hour simple moving averages near 1.3350 and 1.3375 levels. A continuation of the decline of the Pound against the
During the late hours of Thursday's trading, the Euro declined below the support of the weekly S1 simple pivot point and the 1.1050 mark against the US Dollar. The resistance of the 50-hour simple moving average had pushed the pair down. However, additional pressure downwards was provided by the 100-hour SMA and the resistance of the 1.1100 mark. If the
On Wednesday, the USD/CAD found resistance in the 200-hour simple moving average and began a decline, which passed various technical support levels and the February low level at 1.2640. During the morning hours of Thursday's trading, the pair shortly reached below the 1.2600 mark. Afterwards, the currency pair began a recovery, which tested resistance levels located from the 1.2640 level
On Thursday morning, the GBP/JPY currency exchange rate bounced off the resistance zone, which is located above the 155.00 mark. Previously, it was not expected that the rate would score such sharp gains and reach higher than 154.00. If the currency exchange rate continues to decline, the pair might look for support in the 154.00 mark and the 50-hour simple
On Thursday, the Australian Dollar against the US Dollar pair surged above the January high level at 0.7315, which is also the 2022 high. At mid-day, the currency pair faced no resistance as high as the 0.7378 level. If the pair continues to surge, the currency exchange rate could aim at the weekly R2 simple pivot point at 0.7378. However, take
The EUR/JPY has been respecting the 127.50 and 128.50 levels as support and resistance during this week. However, it appears that both levels can be shortly pierced. Due to that reason, the actual low and high levels of the week have been used to mark support and resistance zones. Support is located at 127.31/127.37 and resistance is located at
The yellow metal has clearly passed the resistance zone at 1,913.50/1,922.00, surged and confirmed the existence of a channel up pattern and retraced back down to the mentioned zone to confirm it as support. In the near term future, the price for gold could resume its surge due to the support of the 1,913.50/1,922.00 zone and the 50 and 100-hour
On Tuesday, the USD/JPY currency pair found support in the weekly S1 simple pivot point at 114.74. The pivot point's support and the 114.80 mark held out for eleven hours, before a surge started. During the first half of Wednesday's trading, the pair had passed above the resistance of the 50, 100 and 200-hour simple moving averages and the weekly
On Tuesday, the squeeze of the GBP/USD currency exchange rate between the 50 and 100-hour simple moving averages resulted in a break-out downwards. During the early hours of Wednesday's trading, the pair found support in the February low level at 1.3275. By the start of the day's US trading at 14:30 GMT, the rate had recovered and touched the 1.3330
During the early trading of Wednesday's European trading hours, the EUR/USD currency exchange rate reached the support of the weekly S1 simple pivot point at 1.1061. The pivot point managed to cause a recovery of the rate, as by 13:00 GMT the currency pair had reached back above the 1.1100 mark. If the pair continues to surge, it would have
Despite passing below the weekly S1 simple pivot point at 1.2667, the USD/CAD found support and recovered on Tuesday. Namely, the currency exchange rate was supported by the 1.2650/1.2660 zone, which had supported the rate during the first half of February. During Wednesday's first half of trading, the pair was fluctuating between the 50 and 200-hour simple moving averages at
The GBP/JPY currency rate shortly reached below the January low level zone at 152.90/153.15. However, afterwards the pair retraced back up and confirmed the zone at 153.38/153.48 as resistance. The zone captures the February low levels. If the Pound declines against the Japanese Yen and clearly passes below the 152.90/153.15 zone, the rate might look for support in the 152.50,
Despite piercing the February high level near 0.7290, the AUD/USD currency exchange rate did not surge. Instead, a decline occurred to the support zone at 0.7250. In the meantime, the channel up pattern, which recently guided the pair, was broken. Since the described events, the rate has been trading between the support zone at 0.7240/0.7250 and resistance at 0.7282/0.7285. A decline
Since the second part of Tuesday's trading hours, the EUR/JPY currency exchange rate has been trading between the 127.50 and 128.00 levels. Meanwhile, the currency pair was ignoring the support of the weekly S1 simple pivot point at 127.80. If the Euro continues to decline against the Japanese Yen, the currency rate would have to pass below the 127.50 mark,
At mid-day on Tuesday, the price for gold once again moved above the resistance zone at 1,913.50/1,922.00. In the meantime, the commodity was finding support in the 100-hour simple moving average near 1,911.20. If the commodity price continues to surge, it might encounter resistance in the 1,930.00 mark, which reversed the early Monday's surge. Higher above, other round price levels could
The USD/JPY fulfilled the scenario of a decline on Monday, as the pair declined below the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point, and the 115.00 mark. On Tuesday morning, the rate retraced back up and confirmed that the weekly simple pivot point is capable of acting as resistance, due to the pair bouncing
Since the middle of Monday's European trading hours, the GBP/USD currency exchange rate has been fluctuating between the support of the 1.3400 mark and the 50-hour simple moving average and resistance of the weekly simple pivot point at 1.3428 and the 100-hour simple moving average near 1.3430. If the GBP ends the sideways trading with a decline below the 1.3400 mark
This week, the EUR/USD currency exchange rate has revealed that it respects the resistance of the 100-hour simple moving average. Namely, the SMA has been pushing the rate down by stopping its attempts at recovering on Friday, on Monday and on Tuesday. By the middle of Tuesday's trading hours, the rate had bounced off the moving average and almost
This week, the USD/CAD passed below the trend line, which connects the February low levels. Moreover, the 1.2700 mark did not act as support, as it was passed and confirmed as a resistance level. On Tuesday morning, the rate passed below the support of the weekly S1 simple pivot point at 1.2667. If the US Dollar continues to decline against the
The GBP/JPY made three attempts at passing the resistance of the 155.00 mark, which eventually all failed. Meanwhile, the 154.00 level was acting as support. At mid-day on Tuesday, the GBP/JPY rate passed below the 154.00 level. If the decline of the Pound against the Japanese Yen continues, the rate could look for support in the 153.50 mark and the zone
This week, the AUD/USD passed the resistance zone at 0.7245/0.7250 and confirmed it as support, before starting a surge. The follow up surge passed above the weekly R1 simple pivot point at 0.7282 and the previous February high level zone at 0.7282/0.7285. A continuation of the surge of the Australian Dollar against the USD might find resistance in the 0.7300 mark.
On Tuesday morning, the EUR/JPY currency exchange rate passed below the 128.50 mark and approached the support zone of the January low levels. However, take into account that the zone was pierced on February 24. A move below the low level zone could look for support in the 128.00 mark, which acted as support on February 24. Below the round
The price for gold started the week's trading with a gap up and piercing the resistance of the 1,913.50/1,922.00 zone. However, no less than an hour later, the commodity price returned to trading below the 1,922.00 mark. Moreover, during the mid-hours of Monday's European trading, the commodity price retreated to fluctuate between the support of the 200-hour simple moving average
First of all, the USD/JPY has broken the channel up pattern, which guided the rate up during the end of the last week. Meanwhile, the pair has revealed that it faces a resistance zone at 115.70/115.80. In the meantime, support was being provided by the 50-hour simple moving average and the 115.30 level. If the US Dollar passes the 115.70/115.80