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
The GBP/USD started the week's trading with a gap down opening below the 1.3350 mark. Afterwards, during the first half of Monday's trading, the currency exchange rate surged and reached the resistance of the 50-hour simple moving average near 1.3390. If the currency exchange rate passes above the 50-hour simple moving average, the pair might aim at the weekly simple pivot
The EUR/USD started the week with a gap down, as fundamentals in Europe and the US have caused a run to safety and a subsequent surge of the US Dollar. By the middle of Monday's trading hours, the pair had retraced from the low at 1.1128 up to the 50-hour simple moving average and the 1.1200 mark. If the rate
The price for gold has been recently trading around the 1,900.00 mark in a 40 US Dollar range. Namely, the commodity price fluctuates between the support of the 1,880.00 level and resistance at 1,920.00. Note that the price is capable of shortly piercing these levels. Due to that reason support and resistance zones have been marked at 1,878.00/1,884.00 and 1,913.50/1,922.00. If
The USD/JPY currency rate hit a low level on Thursday, as the pair shortly traded below the 114.50 mark. Note that the 114.50 level had been pierced on Monday and on Thursday. Afterwards, the rate began a recovery. By the start of Friday's US trading hours, it was spotted that the rate had been recovering in a channel up pattern. If
On Thursday, the GBP/USD sharply plummeted to the 1.3275 mark. By doing so, the pair reached below the 2022 low level. Afterwards, the rate recovered and started to trade above the 2022 low level zone at 1.3360/1.3370. In the meantime, on Friday, the pair was being approached by the resistance of the 50-hour simple moving average. If the resistance of the
After experiencing a sharp drop on Thursday to the 1.1108 level, the EUR/USD currency exchange rate began a recovery. By the start of Friday's US trading hours, the currency pair had reached the 1.1250 mark, which appeared to act as resistance. If the Euro surges higher against the US Dollar, the currency exchange rate could encounter resistance in the weekly
On Thursday, the USD/CAD passed above the February high level zone at 1.2785/1.2797. However, at 15:00 GMT, the pair bounces off the resistance of the 1.2880 mark and started a decline. By the start of Friday's US trading hours, the currency pair's decline had reached below the 1.2785 level and the 50-hour simple moving average. Next target for the rate's
At mid-day on Thursday, the GBP/JPY found support in the 153.50 mark and started a recovery. By the middle of Friday's trading, the pair's surge was making a second attempt at passing the resistance of the 155.00 mark. Namely, the 155.00 level acted as resistance late on Thursday and at mid-day on Friday. If the pair manages to reach above
On Thursday, the AUD/USD currency exchange rate found support in the combination of the weekly S1 simple pivot point at 0.7097 and the 0.7100 mark. The following surge passed the resistance of the 0.7150 mark, the weekly simple pivot point at 0.7163 and the 50 and 200-hour simple moving averages near the 0.7200 level. By the middle of Friday's trading,
At mid-day on Friday, the EUR/JPY currency exchange rate managed to pass the resistance of the 50-hour simple moving average near 129.30. The event was followed by a surge, which approached the 130.00 level. A move above the 130.00 mark could find resistance in the trend line, which connects the February 10 and 23 high levels. A move above the
As expected, the price for gold reached the 1,900.00 mark, which was shortly pierced. Afterwards, at midnight to Friday, the commodity price retreated to look for support in the 1,890.00 level. Meanwhile, the 50-hour simple moving average had reached the support zone at 1,880.00/1,882.90. If the commodity price resumes its surge, it would most likely make another attempt at passing the
The USD/JPY currency exchange rate found support in the 114.80 level at GMT midnight to Friday. The event resulted in a surge, which was stopped by the 50-hour simple moving average near the 115.20 mark. A move above the 50-hour simple moving average might find resistance in the 100-hour simple moving average near 115.40, before reaching the upper trend line
At mid-day on Friday, the GBP/USD currency exchange rate was testing the resistance of the February high level at 1.3645 and the weekly R1 simple pivot point at 1.3646. In the meantime, the pair was being approached by the 50-hour simple moving average, which had been pushing the pair up since Wednesday. If the pair reaches above the 1.3650 level, the
At mid-day on Friday, the EUR/USD currency exchange rate was finding support in the trend line, which connects the week's low levels. Meanwhile, it was spotted that the hourly simple moving averages could shortly impact the currency pair. If the currency pair declines below the supporting trend line, the 100-hour simple moving average and the 1.1350 mark, a potential decline
It was spotted on Friday that since Tuesday the USD/CAD currency exchange rate has been trading in a descending triangle pattern. Namely, the pair has booked lower high levels, as it keeps findings support at 1.2665/1.2675. If the pair breaks out of the triangle to the upside, it could aim at the weekly R1 simple pivot point at 1.2776. On
At mid-day on Friday, the GBP/JPY pair passed the resistance zone that is located at 157.00/157.12. In the meantime, support was being provided by the 50 and 200-hour simple moving averages and the weekly simple pivot point at 156.65/156.70. If the pair continues to surge, the GBP/JPY rate might find resistance in the 157.50 and 158.00 levels, before reaching the 2021
On Friday, the a channel up pattern was spotted on the AUD/USD channel on Friday morning, as the pair bounced off the lower trend line of the pattern and began a surge. By the start of the day's European trading hours, the currency exchange rate had reached above 0.7220. If the Australian Dollar continues to surge against the US Dollar, the
On Thursday, the EUR/JPY currency exchange rate revealed a support zone at 130.40/130.45. On Friday morning, the pair bounced off the support zone and recovered to the 131.00 mark and the 50-hour simple moving average at that level. If the Euro continues to surge against the Japanese Yen, the currency exchange rate might find resistance in the 200-hour simple moving
The price for the yellow metal has passed the resistance of the 1,880.00 mark. Moreover, the commodity has retrace down and confirmed support at 1,882.90. Due to that reason the 1,880.00/1,882.90 zone has been marked as support. At the start of Thursday's US trading hours, the price was approaching the 1,900.00 mark. In the meantime, it was spotted that the
At mid-day on Thursday, the USD/JPY currency exchange rate reached below the mid-February low level zone and the 115.00 mark. However, the event did not result in a follow-up decline, as the pair found support in the weekly S1 simple pivot point at 114.89. If the US Dollar passes below the 114.89 level against the Japanese Yen, the rate could look
At mid-day on Thursday, just as the US markets were about to open, the GBP/USD currency exchange rate reached the resistance zone of early February high levels at 1.3620/1.3629 If the Pound passes the 1.3620/1.3629 zone against the US Dollar, a surge could almost immediately encounter additional resistance. Note the 1.3640/1.3644 zone, which captures the February 10 high levels. In addition,
The resistance of the 1.1400 mark, the weekly simple pivot point and the 200-hour simple moving average held on Wednesday. On Thursday, the EUR/USD currency exchange rate retreated and shortly traded below the 1.1350 mark. By the start of the day's US trading hours, the pair fluctuated between the 1.1350 and 1.1380 levels. A decline below the 1.1350 mark and
On Thursday morning, the USD/CAD currency pair reached above the 1.2700 mark. Meanwhile, it appeared that the rate was ignoring the 50 and 200-hour simple moving averages and the weekly simple pivot point at 1.2706. If the US Dollar surges against the Canadian Dollar, the pair would have no technical resistance as high as the weekly R1 simple pivot point at