In general, since mid-Thursday, the price for gold has been fluctuating between round price levels. Namely, the 1,780.00 mark acted as resistance and the 1,775.00 and 1,770.00 are acting as support. It can be expected that the bullion continues to be impacted by price levels. If the price continues to decline, it would eventually reach the December low levels at 1,762.20/1,763.80.
The 200-hour simple moving average has provided enough support for a surge to start. Namely, the rate is once again approaching the resistance zone at 113.88/113.97. A passing of the high level zone at 113.88/113.97 might result in a surge to the weekly R2 simple pivot point at 114.53. However, note that the 114.00 and 114.50 levels might act as resistance. Meanwhile,
The situation on the GBP/USD chart has remained unchanged. The pair remains between the resistance of the 50 and 100-hour simple moving averages near 1.3210 and 1.3230 and the weekly S1 simple pivot point at 1.3167. The GBP/USD rate would most likely decline, if it passes the support of the weekly S1 simple pivot point. A move below the pivot point
The EUR/USD passed the support of the 50, 100 and 200-hour simple moving averages on Thursday. By the middle of Friday's trading, the pair had reached below 1.1270. A continuation of the decline might find support in the weekly S1 simple pivot point at 1.1242 and the support zone of the low levels at 1.1228/1.1236. Further below, note the
The recovery of the US Dollar against the Canadian Dollar has reached a resistance zone. Namely, the previous low level zone at 1.2713/1.2730 kept the pair down from Thursday evening up to the middle of Friday. A move above the resistance zone would most likely find resistance in the 200-hour SMA and the weekly S1 simple pivot point near 1.2750. Above
On Friday morning, the GBP/JPY pair passed the resistance of the 50-hour SMA and the weekly simple pivot point near 150.00. However, the surge stopped. After a review, it was discovered that the this week's high and low levels can be connected to reveal a triangle pattern. Namely, the rate's surge was stopped by the upper trend line of the
On Thursday, the AUD/USD booked a new December high level before retreating to the 0.7140 level. Since the middle of Thursday's trading, up to the middle of Friday, the rate traded between the 0.7140 and 0.7160 levels. It appeared that the AUD was consolidating its gains against the USD, which were achieved since the finding of support at the 0.7000
The bounce off from the resistance of the 129.00 level eventually passed technical support levels on Friday morning. Namely, the EUR/JPY declined below a support zone, the 50 and 200-hour SMAs and the weekly R1 simple pivot point. However, by the start of the day's European trading hours, the pair found support in the 128.00 mark and slightly recovered.
Despite shortly piercing the upper trend line of the channel down pattern, which has guided gold since last week, the metal's price declined at mid-day on Wednesday. By the middle of Thursday's trading, the yellow metal had reached below the 50, 100 and 200-hour simple moving averages and the lower trend line of a minor size channel up pattern. In the
The USD/JPY surged to the November 28 high level zone near the 114.00 mark on Wednesday. The resistance zone was strong enough to cause a decline. By the middle of Thursday's trading, the pair had returned to the support of the 200-hour SMA. Meanwhile, additional support had approached the rate in the form of the 100-hour simple moving average. A surge
On Wednesday, the GBP/USD pair respected the resistance of the 50 and 100-hour simple moving averages near the 1.3240 and 1.3250 levels and the support of the weekly S1 simple pivot point at 1.3167. The rate had bounced between the mentioned levels throughout the day. During the first half of Thursday's trading, the pair had retreated from the 50-hour SMA
The EUR/USD broke resistance of moving averages and the weekly simple pivot point on Wednesday. The following surge reached the December 1 high levels at 1.1355/1.1360, before starting a decline. By the middle of Thursday's trading, the rate had reached the weekly simple pivot point at 1.1313. In the meantime, take into account that the 50, 100 and 200-hour simple
On Wednesday, the USD/CAD found support in the weekly S3 simple pivot point at 1.2611. Meanwhile, resistance was provided by the weekly S2 simple pivot point at 1.2662. On Thursday morning, the rate passed the resistance of the weekly S2 simple pivot point and the 50-hour simple moving average. If the pair continues to surge, it would most likely reach the
Despite shortly piercing the resistance of the 200-hour simple moving average, the GBP/JPY currency exchange rate returned to trade below it and declined. By the middle of Thursday's trading hours, the rate had reached below the 150.00 mark, which appeared to have started to act as resistance. If the pair continues to decline, it is expected to approach the support of
The AUD/USD currency exchange rate has reached above the previous December high level zone at 0.7170/0.7173. However, the event was not followed by a follow up surge. Instead the rate began to consolidate by trading sideways between the 0.7160 and 0.7180 levels. If the pair resumes its surge, it could do so due to the approaching support of the 50-hour simple
At mid-day on Wednesday, the EUR/JPY currency exchange rate broke the resistance of the zone at 128.20/128.35 and the weekly R1 simple pivot point at 128.35. Afterwards, the pair reached the 129.00 mark and tested its resistance up to midnight to Thursday. On Thursday morning, the pair declined and looked for support at the 128.20/128.35 zone. Note that the
On Tuesday, the yellow metal's price passed the resistance of the 200-hour simple moving average. On Wednesday, the commodity reached above the upper trend line of the channel down pattern, which had guided the metal since last week. If the bullion's price continues to surge, it would most likely test the resistance of the 1,800.00 mark and the upper trend
On Tuesday, the recovery of the USD against the Japanese Yen ended at the 113.75/113.78 zone. The rate failed to pass these levels after making three attempts. Meanwhile, since early Tuesday trading, the pair has been finding support in the 200-hour simple moving average, which has been moving downwards. In addition, the 100-hour SMA had caught up with the pair. If
The GBP/USD currency exchange rate has been finding support in the 1.3195/1.3210 zone. However, the rate had retraced up to the resistance of the 100-hour simple moving average and the weekly simple moving average near 1.3265, before the second decline to the support zone. In the case that the pair passes the support zone of 1.3195/1.3210, the GBP/USD might look for
On Tuesday, the EUR/USD found support in the support levels near 1.1235. The event resulted in a surge, which passed the resistance of the channel down pattern. However, the rate started to respect the resistance of the 100 and 200-hour simple moving averages and the support of the 50-hour simple moving average. If the EUR/USD breaks resistance of the 100
The USD/CAD currency exchange rate's decline eventually found and confirmed as support the 1.2632/1.2635 zone. On Wednesday morning, the currency pair retraced back up and found resistance in the weekly S2 simple pivot point at 1.2662. If the currency pair breaks the resistance of the weekly S2 simple pivot point at 1.2662, the USD/CAD could reach the resistance of the
Previously, the resistance of the 200-hour simple moving average was enough for the GBP/JPY to decline to the support of the 50-hour simple moving average near 150.15. The SMA pushed the rate up into the resistance of the 150.50 mark up to 07:00 GMT on Wednesday. At that hour, the SMA failed, and the pair retreated to the support
The surge, which was caused by the Reserve Bank of Australia rate statement, eventually broke previous high levels, the 200-hour simple moving average, the channel down pattern and the weekly R1 simple moving average. Namely, all resistance was broken by the adjustment to the news about the future of the monetary policy of the Australian central bank. On Wednesday morning, the
The EUR/JPY rate approached the 128.50 mark on Tuesday morning, but failed to pass it. A following decline of the pair reached the 127.60 mark, which provided support for the rate to recover. By the start of Wednesday's European trading hours, the currency exchange rate had reached the 128.20 level where it encountered resistance. In the case that the pair