On Tuesday, the GBP/JPY recovered to the 155.20 level, which appeared to provide resistance. During Wednesday's trading, the pair was trading sideways between 155.00 and 155.20. In the meantime, the 50-hour simple moving average was approaching the currency exchange rate. If the support of the 50-hour simple moving average causes a surge, the rate would face the resistance of the weekly
The Australian Dollar continues to gain against the US Dollar, as the currency exchange rate reached the 0.7150 mark during the night to Wednesday. On Wednesday morning, the rate was trading sideways near the 0.7135 level. It was assumed that the pair was consolidating its gains before looking for future direction. In the likely case that the pair resumes its surge
The decline from the 129.50 mark eventually found support in the 200-hour simple moving average near 128.90. The SMA provided enough support for the currency pair to start a recovery. During the early hours of Wednesday's trading, the rate had reached the 129.40 mark. In the near term future, the currency exchange rate could be pushed up by the 50-hour
On Tuesday, the yellow metal's price continued to recover, as it approached the zone, which is located below the 1,810.00 mark. The zone acted as support in mid-January. During Tuesday's trading, it appeared that the zone was acting as resistance. A move above the resistance zone and the 1,810.00 level could result in a test of the 1,815.00 level. Higher above,
The USD/JPY ended trading in the sideways range by declining. By mid-Tuesday's trading, the rate had reached below 114.60. In the near term future, the rate might look for support in the 114.50 mark. The 114.50 mark was being supported by the 200-hour simple moving average. In the case that the rate passes below the 114.50 mark and the 200-hour simple
At mid-day on Tuesday, the GBP/USD currency exchange rate passed the resistance of the 1.3500 mark and shortly fluctuated above this level. Afterwards, the pair retraced to the 1.3480 mark. If the currency exchange rate continues to decline, it could look for support in the weekly simple pivot point at 1.3443 and the 50 and 100-hour simple moving averages near
During Tuesday's trading hours, the EUR/USD continued to recover, as by mid-day the rate had reached the 1.1280 mark. Meanwhile, it was spotted that the rate had reached above the 200-hour simple moving average, which appeared to have started to act as support. If the 200-hour simple moving average causes a surge, the pair would most likely test the resistance
Eventually, the USD/CAD passed the support of the zone at 1.2713/1.2724, the weekly simple pivot point at 1.2709 and the 1.2700 mark. By the middle of Tuesday's European trading hours, the currency rate had almost reached the 1.2650 level. If the pair declines below the 1.2650 mark, the rate could look for support in the 200-hour simple moving average at 1.2640,
On Monday, the GBP/JPY currency exchange rate bounced off the resistance of the weekly R1 simple pivot point at 155.33. Afterwards, a follow up decline found support in the 154.50 mark and the 200-hour simple moving average. Since mid-Monday, the rate has been trading between the 154.50 and 155.00 levels. If the pair breaks the resistance of the 155.00 mark, it
On Tuesday morning, the Australian Dollar was approaching the 0.7100 mark. The move up occurred despite a 36 base point dip in the morning, which was caused by the Reserve Bank of Australia announcing that it would end quantitative easing. If the pair passes the 0.7100 mark, the 200-hour simple moving average might serve as resistance at 0.7120. Above the SMA,
The EUR/JPY currency pair hit the 129.50 mark on Tuesday morning. The round exchange rate level provided enough resistance for a retracement down below 128.30 to occur. In the near term future, the pair might find support in the weekly R1 simple pivot point at 129.09 and the 129.00 mark. Below these levels, the combination of the 50 and 200-hour
The decline of the yellow metal, which was caused by the Federal Reserve, occurred in a narrow descending channel pattern. During late hours of Friday's trading, the commodity broke the pattern and started a recovery. By the middle of Monday's trading, the price had passed the 50-hour simple moving average and reached the 1,800.00 mark. If the bullion's price reaches
Since Thursday, the USD/JPY currency exchange rate has been fluctuating sideways between the 115.20 and 115.70 levels. It was previously expected that the 50-hour simple moving average might push the pair up. However, on Monday, the USD/JPY passed below the SMA near 115.40. If the rate passes below the 115.20 mark and the support zone below it, the rate could first
The GBP/USD pair touched the 1.3450 mark at mid-day on Monday. However, the round exchange rate level acted as resistance and caused a retracement to the 1.3400 level and the 50-hour simple moving average. In the meantime, some resistance was being provided by the 100-hour simple moving average and the weekly simple pivot point near 1.3440. In the case that the
On Monday, the EUR/USD currency exchange rate recovered and reached the 1.1200 mark. The rate had reached the level by finding support in the 50-hour simple moving average and the 1.1150 level. If the rate passes above the 1.2000 mark, it could find resistance in the weekly simple pivot point at 1.1208 and the 100-hour simple moving average. Above these
The USD/CAD currency exchange rate broke the channel up pattern, which captured the FOMC caused surge. The breaking of the pattern occurred due to a narrow resistance zone near the 1.2800 mark. The event was followed by a decline, which appeared to have ended by mid-Monday. Namely, the pair found support in the January 28 low levels and the 1.2725
The 155.00 mark provided enough resistance to the GBP/JPY pair for it to decline and break the channel up pattern. However, this week, a recovery started. By the middle of Monday's trading, the currency exchange rate had reached the 155.30 level and the weekly R1 simple pivot point at 155.33. If the rate declines from the 155.30 mark, the 50 and
The AUD/USD has broken the channel down pattern, which captures the rate's decline in the aftermath of the US FOMC Statement. The breaking occured via a surge. By the middle of Monday's trading hours, the pair had touched the 0.7060 mark. A move above the 0.7060 level would leave the rate with no technical resistance as high as the weekly
On Monday morning, the EUR/JPY surged and broke the resistance of the junior and dominant channel down patterns. The following surge was stopped by the weekly R1 simple pivot point at 129.09. In the case that the rate declines, it could look for support in the combination of the weekly simple pivot point and the 50-hour simple moving average
The decline of the yellow metal has reached below the 1,785.00 level. In the meantime, it has been spotted that the decline of the yellow metal's price has been occurring in a narrow channel down pattern. If the bullion continues to decline, it could do so in the borders of the pattern. A potential decline of this kind would
On Friday morning, the USD/JPY currency pair found resistance in the 115.70 mark. The pair kept testing the resistance of this level until the US Dollar suddenly experienced an all out drop at 14:00 GMT. By the time of writing, the reason was unclear. Meanwhile, it was spotted that there was a support zone at 115.16/115.18. If the decline of the
Since mid-Thursday, the GBP/USD has been trading above the support of the 1.3360/1.3375 zone. At mid-day on Friday, the pair bounced off the support zone and suddenly surged to the 50-hour simple moving average at 1.3425. A move above the 50-hour simple moving average could find resistance in the combination of the weekly S2 simple pivot point and the 100-hour
The EUR/USD decline reached a new low level, as the pair touched the 1.1120 mark at mid-day on Friday. However, in the afternoon, the pair sharply recovered, as it suddenly surged to the 1.1160 mark. Both of the mentioned levels have been marked on the pair's chart. If the currency exchange rate passes above the 1.1160 mark, it could find
The surge of the USD against the Canadian Dollar continues. The fuel for the surge is provided by the fact that the US Fed revealed that it would hike interest rates and reduce its balance sheet. Meanwhile, the Canadian monetary policy remains unchanged. On Friday, the currency exchange rate was already approaching the 1.2800 mark. In addition, take into account