Late on December 22, the price for gold reached the 1,810.00 mark. Since then, the price has been fluctuating with high volatility sideways around the price level. Meanwhile, the hourly simple moving averages were catching up to the price from below. In the case of the price surging, the bullion would most likely test the resistance zone of the late
The USD/JPY continued to surge, as it was pushed up by the 50-hour simple moving average. Meanwhile, the currency exchange rate remains in a channel up pattern, which had guided the pair since December 17. On December 27, the only close by resistance to the rate was the weekly R1 simple pivot point at 114.91. In the case that the US
Since the middle of December 23, the GBP/USD currency exchange rate has been trading sideways between the 1.3400 mark and a resistance zone above 1.3420. The sideways trading could be explained by the lack of direction caused by the holiday season. If the GBP/USD breaks the resistance of the 1.3423/1.3439 zone, the pair could reach the weekly R1 simple pivot point
Last week, the EUR/USD failed at two attempts to pass the resistance of the 1.1340 mark. On December 27, the currency pair was trading above the support of the weekly simple pivot point and the 200-hour simple moving average at 1.1300. Meanwhile, the currency pair was ignoring the support and resistance of the 50 and 100-hour simple moving averages. In
Since December 23, the USD/CAD has been testing the lower borders of the 1.2835/1.2855 zone. The zone has been acting as both resistance and support throughout December. Future scenarios were based upon whether or not the zone keeps the USD down against the Canadian Dollar. A move above the 1.2855 level could immediately find resistance in the 200-hour simple moving average
Since the middle of Thursday, December 23, trading hours, the GBP/JPY has been fluctuating sideways between the support of the 153.12/153.17 zone and resistance at 153.66/153.80. A passing of the resistance levels might find resistance at 154.50. Afterwards, the early November low and late November high level of 154.75 is expected to pause or reverse a potential surge. Above the 154.75
Since late December 23, the AUD/USD currency exchange rate was finding support in the 0.7220 level. On Monday morning, December 27, the pair passed below 0.7220 and appeared to be heading to the 0.7200 mark. Note that the 0.7200 mark acted as support on December 23. A passing below the 0.7200 level could find support in the weekly simple pivot point
The EUR/JPY currency exchange rate has been facing a recent high level zone at 129.72/129.82. The zone has been keeping the pair down since late December 23 trading hours. Meanwhile, support was being provided by the lower trend line of the channel up pattern, which captures the rate's surge since December 20. If the Euro surges against the Japanese Yen,
The yellow metal's price found enough support in the 200-hour simple moving average to start a surge, which broke the 50 and 100-hour simple moving averages and the upper trend line of the channel down pattern. On Thursday, the price fluctuated around the 1,805.00 level, as it appeared to be consolidating. A resumption of the surge could find resistance in the
Despite reaching a new December high level and passing the resistance of the weekly R1 simple pivot point at 114.30, the USD/JPY currency exchange rate did not start a surge. Instead, the rate retraced below the technical levels and almost reached the 50-hour simple moving average, before returning to trade near the 114.30 level. In the near term future, the support
It took the GBP/USD currency exchange rate 15 hours of testing resistance and trading flat below the previous December high level zone at 1.3365, before the high level failed. By the middle of Thursday's GMT trading, the pair had already reached the 1.3435 level. Moreover, the GBP faced no resistance against the USD as high as the 1.3468 level. If the
The EUR/USD broke out of the previous trading range to the upside. The surge ended at the 1.1340 mark, which served as resistance. By the middle of Thursday's trading, the pair had retreated and had almost reached the 1.1300 mark. A move below the 1.1300 mark could immediately find support in the 100 and 200-hour simple moving averages at 1.1290.
During Wednesday's afternoon, US Final GDP, Consumer Confidence and Building Starts data showed contradicting information, which was represented by a wide hourly candle. The rate bounced between the borders of the minor scale channel down pattern until the pattern's support broke. The event was followed by a sharp decline to the support levels at 1.2835/1.2850. However, on Thursday morning, the
By the middle of Thursday's trading, the GBP/JPY had reached above the 153.20 level. During its surge, the rate was slowed down by the 151.50 level, the weekly R1 simple pivot point at 152.23 and the previous December high level at 152.60. If the pair continues to surge, the 153.50 mark might slow down a surge. Meanwhile, the weekly R2
On Thursday morning, the Australian Dollar succeeded against the US Dollar in its second attempt to book a new December high level. Previously, the 0.7222 level held and caused a retracement down to the 0.7200 level and the weekly R1 simple pivot point. The passing of the previous December high level has left the rate with no resistance as high as
On Wednesday, the EUR/JPY currency exchange rate passed the resistance of the 129.00 mark and the technical levels that were strengthening it. Afterwards, the 129.00 level was confirmed as support and the pair almost immediately reached the 129.50 level. By the middle of Thursday's European trading, the pair was still located below the 129.50 mark. In the case that the
The price for gold passed the support of the 100-hour simple moving average near 1,790.00 on Tuesday afternoon. However, the price almost immediately found support in the 200-hour simple moving average, which kept the rate up until the middle of Wednesday. At mid-day on Wednesday, the price was approached by the resistance of the 50-hour SMA. If the 50-hour SMA causes
The USD/JPY succeeded at its second attempt to reach a new December high level. By the middle of Wednesday's European trading hours, the rate had reached above the 114.30 level. If the USD continues to gain against the Japanese Yen, the pair would have no technical resistance as high as the weekly R2 simple pivot point at 114.86. However, the
The GBP/USD currency exchange rate has continued to move higher. At mid-day on Wednesday, the rate left below it the hourly simple moving averages, the weekly simple pivot point and the high level resistance zone near 1.3280. By 12:00 GMT, the GBP had reached the 1.3320 mark against the USD. A continuation of the surge of the Pound against the US
During late Tuesday hours and early Wednesday's trading, the EUR/USD reached both below support and above resistance. The pair reached two times below the support of the weekly simple pivot point at 1.1276. At mid-day on Wednesday, the pair had recovered and moved above the 1.1302/1.1305 resistance zone. In the case that the pair surges, it could reach for the
In general, the USD/CAD continues to decline from the 1.2960 mark, as simultaneously the pair continues to find short term support and resistance in round exchange rate levels like the 1.2920, 1.2940 and 1.2910. In the meantime, the currency pair has revealed a channel down pattern, which has been capturing the rate's moves throughout this week. If the pair continues to
The GBP/JPY has once by one passed technical resistance levels and reached the 151.50 mark. In general, each technical resistance level managed to hold no longer than two hours before being passed. On Wednesday morning, the 151.50 level provided resistance and forced the rate into fluctuating sideways. In the case that the rate passes the 151.50 mark, a potential target would
The recovery of the AUD/USD found resistance at the 0.7160 level. By the start of Wednesday's European trading hours, the rate had retreated to the support of the 50-hour simple moving average near 0.7120. A move below the simple moving average might look for support in the 0.7100 mark. Below the round exchange rate level, the Australian Dollar could find support
The EUR/JPY passed above technical resistance levels and the 128.50 mark on Tuesday. On Wednesday morning, the rate appeared to be consolidating by slightly retracing back down. However, the rate had no close by technical resistance as high as 129.00 and no support as low as 128.50. A resumption of the surge of the Euro against the Japanese Yen