Despite the volatility caused by the release of the US Consumer Price Index data on Thursday, the USD/JPY currency exchange rate has continued to trade in a channel up pattern. The CPI release resulted in a test of the resistance of the high level zone at 116.25/116.35. The bounce off from the resistance zone provides another reference point for a
Just like all USD pairs and assets the GBP/USD was highly volatile during the US Consumer Price Index release. The pair was bouncing around in the 1.3525/1.3645 range after the release. On Friday morning, the currency exchange rate found support in the weekly simple pivot point at 1.3517 and started a surge. By the middle of the day's European trading
The EUR/USD reacted to the publication of the US Consumer Price Index by being highly volatile in the 1.1375/1.1500 range. On Friday morning, the volatility was gone and the pair declined below the 1.1375 mark, before retracing to the 1.1400 level. At mid-day, it appeared that the 1.1400 mark was acting as resistance. If the pair reaches above the 1.1400
The USD/CAD was highly volatile after the release of the US Consumer Price Index on Thursday, as the pair bounced around in the range between the 1.2640 and 1.2750 levels. Namely, the rate fluctuated in a more than 100 pip range. On Friday morning, the volatility appeared to have calmed down. In the aftermath of the event, the pair ended up
On Thursday, the GBP/JPY currency exchange rate broke the upper trend line of the channel up pattern and reached the 158.00 mark. However, the rate did not reach the 2021 high level at 158.23 and started a decline. By the start of Friday's European trading hours, the currency pair had found support in the 156.80 mark, the 50-hour SMA and
On Thursday, at 13:30 GMT, the monthly US Consumer Price Index data was published. The data caused an immediate drop of the USD, which was followed by a sharp recovery. After the recovery, a decline started. Namely, the volatility increased, as the markets took in the news and the chart adjusted to the new fundamentals. During the volatility, the AUD/USD
On Thursday, the EUR/JPY currency exchange rate reached above the 133.00 mark. However, the surge appears to have been stopped by the weekly R1 simple moving average at 133.19. The event was followed up by a decline. On Friday morning, the pair had returned to the 132.00 level, which acted as support. If the 132.00 mark provides enough support for
Since the middle of Wednesday's trading, the pair has been fluctuating between the 1.2665 and 1.2685 levels, as the market awaits today's US Consumer Price Index data. The inflation data is bound to reveal, how the US Federal Reserve is set to combat inflation via monetary policy. If the currency pair reacts to the news with a surge, the USD/CAD would
On Thursday morning, the GBP/JPY currency exchange rate jumped and reached above the 157.20 level. In the meantime, a channel up pattern was spotted on the pair's charts. If the pair continues to surge, it would eventually reach the resistance of the 157.50 mark and the weekly R2 simple pivot point at 157.72. Meanwhile take into account the upper trend
On Wednesday, the Australian Dollar passed the resistance zone at 0.7160/0.7170 and the resistance line of the January high levels against the US Dollar. On Thursday morning, the pair retraced and confirmed the zone as support. In addition, analysts have spotted that the rate has been surging in a channel up pattern since February 4. If the currency exchange rate continues
On Thursday morning, the EUR/JPY currency exchange rate broke the resistance zone at 132.00/132.25. The zone kept the rate down since February 4. Note that the breaking of the pattern occurred in a sharp move upwards, during which the pair passed the 132.50 mark. If the rate continues to surge, it would most likely aim at the 133.00 mark
On Tuesday, the price for gold eventually reached the 1,825.00 level and passed it. On Wednesday, the rate had already confirmed the 1,825.00 as support and pierced the resistance of the summer high level zone at 1,830.00. In the case that the commodity price continues to surge, it could find resistance in round price levels until the bullion reaches the resistance
On Tuesday, the USD/JPY currency exchange rate reached the resistance of the late January high at 115.70. The pair failed to reach above the level and started a decline. Afterwards, a drop occurred, which was stopped by the 50-hour simple moving average. Since early Wednesday's trading hours the pair was being supported by the SMA. In the meantime, the rate was
During the early hours of Wednesday's US trading hours, the GBP/USD currency exchange rate had revealed a channel up pattern, which had guided the rate since Friday. However, the pattern was not expected to hold, as the incoming US Consumer Price Index data on Thursday was expected to cause an adjustment of the value of the USD. In the meantime,
The support of the 1.1400 mark was strong enough on Wednesday morning to cause a breaking of the resistance line, which had guided the rate down since February 4. In addition, the currency exchange rate passed the resistance of the 50 and 100-hour simple moving averages. If the surge of the Euro against the USD continues, the pair could reach
The USD/CAD currency exchange rate bounced off the resistance of the zone that surrounds the 1.2720 mark. Namely, the 1.2715/1.2725 zone is once again impacting the rate. On Wednesday morning, the pair bounced off the resistance zone and began a decline, which was expected to reach the weekly S1 simple pivot point at 1.2685. If the pair passes below the 1.2685
The GBP/JPY currency exchange rate has passed the previous February high level zone. However, the event did not result in a large surge, as the pair stopped at the 156.75 level. Since the event, the rate has been fluctuating around the 156.50 mark in the 156.30/156.75 zone. A resumption of the surge of the Pound against the Yen could find resistance
The surge of the AUD/USD has reached the resistance zone at 0.7160/0.7170 and the weekly R1 simple pivot point at 0.7170. Meanwhile, the resistance zone was being crossed by the trend line, which connects the January high levels. In the case that the rate passes the mentioned resistance levels, the pair would have no technical resistance as high as the weekly
The EUR/JPY currency exchange rate made at least three attempts at passing the resistance of the 132.00 mark and the zone above it. By the start of Wednesday's European trading hours, the currency exchange rate was still located below the 132.00 level. Meanwhile, the rate had shown that January high levels could provide short term support. In the case that
The price for gold surged late on Monday. However, the price did not reach the 1,825.00 mark, as the surge ended near the 1,823.00 level. On Tuesday, the commodity retraced downwards, as the metal was looking for future direction. If the commodity price continues to surge, it should reach for the resistance of the 1,825.00 level. Higher above, the summer
On Tuesday morning, the USD/JPY currency exchange rate passed above the previous February high level zone near 115.40. However, by the middle of the day's trading, the pair had retraced downwards and was looking for technical support. If the pair resumes its surge, it could aim at the late January high level zone near 115.70. Above the resistance zone, the weekly
The GBP/USD currency exchange rate surged on Tuesday, as it reached above the resistance of the 50 and 100-hour simple moving averages near 1.3530 and 1.3550. At mid-day European trading hours, the pair shortly reached above the 1.3560 level. If the Pound continues to surge against the US Dollar, the pair could aim at the February high level zone at 1.3615/1.3628.
The EUR/USD has reached below the support of the 1.1412/1.1416 zone. However, after shortly reaching below the 1.1400 mark, the pair found support in the 100-hour simple moving average. In the meantime, it was spotted on Tuesday that the pair has been declining since February 4 in a channel down pattern. In the case that the Euro recovers against the
The decline of the USD/CAD has found support in the February low level zone. On Tuesday, a recovery of the rate reached the resistance of the 1.2700 mark. A passing of the resistance of the 1.2700 mark could encounter resistance in the 50 and 200-hour simple moving averages near 1.2710/1.2720. Above the SMAs, the weekly simple pivot point at 1.2736