The price for gold eventually managed to pass the resistance of the 100-hour simple moving average and the 200-hour simple moving average near 1,800.00 and 1,805.00. In the meantime, a minor channel up pattern was spotted. The pattern had been guiding the price up since the start of January 7 trading. If the price for gold continue to surge, the bullion
Despite piercing the lower trend line of the channel down pattern, the USD/JPY returned to trade in its borders. Namely, the support zone at 114.96/115.04 acted as support and caused a recovery. By the start of Tuesday's US trading hours, the rate had recovered to the combined resistance of the 100-hour simple moving average, weekly simple pivot point and the
On Tuesday, the GBP/USD currency exchange rate managed to pass the resistance of the 1.3600 mark. However, almost immediately resistance was provided by the 1.3620 level. The resistance held and a minor decline occurred. By the start of Tuesday's US trading hours the pair had retraced to the 100-hour simple moving average near 1.3560. If the pair passes below the support
On Monday, the EUR/USD found support in the 1.1285/1.1287 zone. The zone has been acting as support since early January 6 trading hours. By the middle of Tuesday's trading hours, the rate had recovered and encountered resistance at the 1.1350 level. At the start of US trading hours at 14:30 GMT, the pair had retreated to the 1.1320 level.
During late Monday trading hours, the USD/CAD currency exchange rate bounced off the resistance of the weekly simple pivot point at 1.2698. The event was followed by a decline, which by the middle of Tuesday had reached the 1.2640 mark. If the US Dollar continues to decline against the Canadian Dollar, the rate might reach the support of the January
The GBP/JPY currency exchange rate eventually reached the support zone of the January 6 low and the December 31 high levels at 156.00/156.10. On Tuesday, a recovery was ongoing, as the pair reached above the 157.00 mark. A continuation of the surge might encounter resistance in the 157.38/157.44 zone, which captures recent high levels. Above this zone, the January high
On Monday, the AUD/USD pair retraced down to the support of the 0.7150 mark. On Tuesday, the rate had recovered and was testing the resistance of the weekly simple pivot point at 0.7197 and the 0.7200 mark. A surge above the 0.7200 mark might find resistance in the 200-hour simple moving average near 0.7210. Higher above, resistance could be provided by
The EUR/JPY currency exchange rate found support in the 130.20 mark, on Monday. By the middle of Tuesday's European trading hours, the pair had retraced to the 131.00 level and the weekly simple pivot point at 130.99. In the near term future, the pair might pass the resistance of the 131.00 mark. A move higher, could find resistance in
At mid-day on Monday, the price for gold broke the resistance of the 1,800.00 mark and shortly traded above this level. However, the surge was stopped and reversed by the 100-hour simple moving average at 1,802.65. If the price for gold continues to decline, it could look for support in the 1,790.00 mark. Further below, the 1,785.00 level and the zone
A recovery of the USD/JPY pair from the 115.20 level on Monday revealed the lower border of a channel down pattern. The pattern has been guiding the rate since January 4. During the second half of Monday's trading, the rate was located between the 115.20 mark and the zone that surrounds the 115.50 level. If the currency exchange rate declines,
On Monday morning, the GBP/USD currency pair tested the resistance of the 1.3600 mark. By the middle of the day's European trading hours, the pair had bounced off the resistance and returned to levels near 1.3550. Near the 1.3550 mark, the rate might find support in the 100-hour simple moving average and the weekly simple pivot point at 1.3542. A decline
The EUR/USD broke the triangle pattern in a sharp move upwards, as it should have happened in theory of the triangle. The surge ended at the 1.1365 level. From that level the currency exchange rate started a decline. By the middle of Monday's European trading hours, the rate had returned to the 1.1300 mark. A further decline of the Euro
On Monday morning, the USD/CAD reached the January low level zone at 1.2610/1.2620. If the currency exchange rate finds support and recovers from the January low levels, it could find resistance in the 1.2668/1.2677 zone. Above the zone, the weekly simple pivot point and the 50-hour simple moving average are strengthening the 1.2700 mark. On the other hand, a decline below
On Monday morning, the GBP/JPY currency exchange rate reached the 157.40 mark. The 157.40 mark provided enough resistance of the pair to decline to the 50-hour simple moving average near 157.00. If the price declines below the 157.00 mark, the GBP/JPY might reach the weekly simple pivot point at 156.61. Below the pivot point, the rate could look for support in
On Monday morning, the AUD/USD currency exchange rate reached the 0.7200 mark and the weekly simple pivot point at 0.7197. Meanwhile, the rate shortly found support in the 0.7180 mark and the 50-hour simple moving average near 0.7170. If the currency pair surges above the 0.7200 mark, the 200-hour simple moving average near 0.7220 might act as resistance. Higher above, the
The EUR/JPY currency exchange rate passed the support of the channel up pattern, which had guided the rate since December 19. On Monday morning, the rate bounced off the resistance of the 131.40 level and declined to the 131.00 mark. At the 131.00 mark, the rate was finding support in the 50-hour simple moving average and the weekly simple
On Friday, at 13:30 GMT, the price for Gold increased volatility due to the US monthly employment data showing contradicting information, as less jobs were found, salaries rose and unemployment rate decreased. The price for gold fluctuated between the 1,785.00 and 1,795.00 levels. However, both resistance and support were shortly pierced, indicating at their weakness. After the release, the price for
The USD/JPY currency exchange rate's attempt at recovery failed, as it was piercing the 116.00 mark. On Friday, the rate was fluctuating below the 116.00 mark, as the pair was slowly declining. In the case that the pair extends its decline, support would be most likely provided by the support zone at 115.63/115.66. Below the support zone, the November high zone
The release of the US monthly employment data at 13:30 GMT on Friday increased volatility on all pairs and assets that involve the US Dollar. During the volatility, the currency pair pierced the resistance of the 1.3550/1.3560 zone. If the GBP/USD clearly passes above the 1.3560 mark, the rate might find resistance in the weekly R1 simple pivot point at
On Friday, analysts connected the January high levels of the EUR/USD currency exchange rate to reveal a resistance line. Meanwhile, the December 29 and January 4 low levels form a support zone. The two technical drawings combined form a descending triangle pattern. In theory, the pattern should squeeze the rate in, as the resistance line would force the rate
The USD/CAD currency pair has passed below the lower trend line of the channel up pattern, which guided the rate since December 31. On Friday, the rate confirmed the support line of the pattern as resistance. Meanwhile, support was being found in the 1.2708 level, which is three base points above the weekly simple pivot point at 1.2705. A decline
On Friday morning, the GBP/JPY currency exchange rate passed the resistance of the 50-hour simple moving average near 156.90. However, instead of surging, the pair started to fluctuate around the moving average. In the case of a decline, the pair is expected to look for minor support in the 156.50 mark, before aiming at the 156.00 mark. The 156.00 level
The AUD/USD currency pair has been trading between the support of the 0.7143/0.7146 zone and the resistance levels at 0.7170/0.7185 since early Thursday hours. Due to that reason, by large, the previous forecasts remain unchanged. In the case that the AUD/USD continues to decline, it could find support in the 0.7100 mark, before reaching the December 20 low level at 0.7083. Meanwhile,
Since the middle of Thursday's trading hours, the EUR/JPY currency exchange rate has been slowly ascending, as it was being pushed up by the channel up pattern's lower trend line. The pattern has guided the rate since December 19. At mid-day on Friday, the pair was piercing the 131.00 mark and the 50-hour simple moving average. If the Euro continues