Since the middle of Monday's trading hours, the yellow metal's price has been fluctuating between the support of the 100-hour simple moving average near 1,790.00 and the resistance of the 50-hour simple moving average at 1,800.00. If the commodity price surges above the 1,800.00 mark, it could once again test the 1,815.00 level's resistance. Note that a move above 1,815.00 might
On Tuesday, the USD/JPY was finding support in the 50-hour simple moving average near 113.55. Meanwhile, the pair appeared to be ignoring the resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point in the 113.65/113.72 range. If the rate surges, it could find resistance in the 113.88/113.96 zone, which captures early December high levels. Higher
Since mid-Monday's trading, the GBP/USD bounced off the resistance of the 200-hour simple moving average, retraced and found support in the 1.3200 mark and succeeded to pass the 200-hour SMA. At mid-day on Tuesday, the pair had reached the 1.3260 level, where the GBP/USD faced the resistance of the 100-hour SMA and the weekly simple pivot point. In the case that
Since mid-Monday, the EUR/USD has been fluctuating between the support of the weekly simple pivot point at 1.1276 and the resistance of the 1.1302/1.1305 zone. In the case that the rate drops below the weekly simple pivot point at 1.1276, a potential decline would have no support as low as the December low level zone at 1.1228/1.1236. However, if the
On Monday, the USD/CAD eventually passed the previous December high level and shortly reached above the 1.2960 level. However, afterwards, the pair retraced back to the 1.2920 mark. It could be clearly observed on Tuesday that the pair is being impacted by the 1.2920, 1.2940 and 1.2960 round exchange rate levels. If the pair resumes its surge, it would most likely
On Monday the recovery of the GBP/JPY reached the 150.40 level, which appeared to serve as resistance. On Tuesday morning, the pair was making a second attempt at passing the resistance level. In addition, the 150.40 mark was reached by the 50-hour simple moving average. In the case of a surge above the 150.40 level, the rate could find resistance at
Starting from mid-Monday up to the start of Tuesday's European trading hours, the AUD/USD pair has been trading almost flat between the 0.7100 and 0.7120 levels. However, on Tuesday morning, the pair was approached by the resistance of the 50-hour simple moving average. If the 50-hour simple moving average provides enough resistance for a decline, the rate would most likely look
The EUR/JPY currency exchange rate managed to pass the 128.00 mark at mid-day on Monday. On Tuesday, the pair broke the resistance of the 50 and 200-hour simple moving averages at 128.20 and 128.30. Next target for the pair's surge was the weekly simple pivot point at 128.41 and the 128.45 mark, which has been shown capable of acting
Despite initially providing support, the combination of the 1,800.00 mark and the 50-hour simple moving average failed at mid-day on Monday. If the price continues to decline, it could look for support in the previous December high level zone at 1,791.80/1,793.40. Below the zone, the 100 and 200-hour simple moving averages might stop a decline near 1,785.00. On the other hand,
The USD/JPY has recovered from the 113.15/113.20 zone. On Monday, the pair was making attempts at passing the resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point in the 113.60/113.75 zone. If the pair surges above the 113.60/113.75 zone's technical resistance levels, a potential surge might find resistance in the previously broken December high
The GBP/USD currency exchange rate was recovering on Monday, as the pair found support in the December low level zone at 1.3162/1.3175. By the middle of Monday's trading, the rate had reached the resistance of the 200-hour simple moving average at 1.3240. If the GBP/USD continues to surge, it might find resistance at the 1.3265 level, where the weekly simple pivot
The EUR/USD found support in the December low level zone and started a recovery on Monday morning. By the middle of the day's trading, the pair had reached the resistance of the weekly simple pivot point at 1.1276. In the case that the EUR continues to gain against the USD, resistance could be found at the 1.1290 level. Near
On Monday, the USD/CAD returned to trade at the 1.2938 level, which is the previous December high level. A move higher could find resistance in the weekly R1 simple pivot point at 1.2991. Above the pivot point, the 1.3000 mark might stop a surge. On the other hand, a decline of the USD against the CAD might look for support in
The GBP/JPY pair has sharply declined, as by the middle of Monday's trading the rate had passed various support levels and reached below the 150.00 level. A continuation of the decline of the pair might find support in the weekly S1 simple pivot point at 149.36. However, take into account the 2021 low level zone at 148.50/149.35. Meanwhile, a recovery might
On Monday morning, the AUD/USD currency exchange rate reached below the 0.7100 level. However, after shortly trading below 0.7100, the rate recovered. By the middle of the day's trading, the pair had no resistance as high as the 0.7140 level, where a resistance zone was located at. Above the zone, the 50 and 200-hour simple moving averages and the weekly simple
The EUR/JPY currency exchange rate has reached the December low level zone at 127.40/127.65. The zone provided enough support for a recovery to start. By the middle of Monday's trading hours, the pair had reached the 128.00 mark. If the rate continues to surge, resistance could be met at the 128.40 level, where the 50 and 200-hour simple moving averages,
The price for gold has reached the 1,815.00 mark, where the late November high level resistance zone is located at. Namely, the 1,812.50/1,815.80 zone acts as resistance. If the price of the commodity bounces off the resistance zone, a potential decline could look for support in the previous resistance of the 1,800.00 mark. Below the 1,800.00 level, the previous December
Eventually, on Thursday the USD/JPY started a decline, as other pairs had done in the aftermath of the US Fed Statement on Wednesday. By the middle of Friday's trading, the pair had reached below the 113.20 level and had no technical support as low as 112.84. Meanwhile, on Friday morning, at 02:56 GMT, the Bank of Japan revealed its future monetary
The GBP/USD jumped on Thursday due to the unexpected Bank of England rate hike at 12:00 GMT. The rate's jump stopped at the weekly R2 simple pivot point at 1.3371. The event was followed by a decline, which on Friday found support in the 50-hour simple moving average and the December high level zone at 1.3277/1.3288. In the case of the
The ECB announced a reduction of monetary stimulus on Thursday, this event boosted the surge of the EUR/USD. However, the rate found resistance at the December high level zone at 1.1355/1.1360. Afterwards, the pair declined and found support in the weekly simple pivot point at 1.1300. The following recovery ended at the 1.1350 mark. By the start of
The decline of the USD/CAD appears to have ended, as the rate has been trading sideways in a set range since the middle of Thursday's trading hours. Namely, the pair is trading between the support of the 1.2765 level and the resistance of the 1.2810 mark. If the currency exchange rate passes the resistance of the 1.2810 level, the rate
The Bank of England unexpectedly hiked interest rates on Thursday at 12:00 GMT. However, prior to the hike and surge that was caused by it, the rate broke the upper trend line of the channel down pattern, which has guided the rate since late October. Afterwards, anew December high level was booked at 152.65 On Friday morning, the rate was
On Thursday, the AUD/USD currency pair booked a new December high level at 0.7224. The rate bounced off this level and started a decline. By the start of Friday's European trading hours, the rate had reached the 0.7160 level. During the decline, the pair had passed a support zone that surrounds the 0.7180 mark and the 50-hour simple moving average. A
The EUR/JPY currency exchange rate was surging on Thursday, as it reached above the 129.60 mark during the second half of the day's trading. However, at 13:30 GMT, the European Central Bank press conference started, during which information was revealed that beat down the value of the Euro. By 16:00 GMT, the rate had reached the 128.45 level, where