Since the start of Monday's trading, the price for gold has been respecting the 50, 100 and 200-hour simple moving averages. However, the most impact appears to be done by the resistance of the 200-hour simple moving average, which has kept the price down since early Monday's trading. If the resistance of the 200-hour SMA fails, the rate could reach for
The USD/JPY started a recovery on Friday by finding support at 112.60. By the middle of Tuesday's European trading hours, the currency exchange rate had reached the 113.75 level. Meanwhile, it was spotted that the rate mostly ignored the close by weekly R1 simple pivot point at 113.69 and the 200-hour simple moving average near 113.60. In the case that the
On Tuesday morning, the GBP/USD currency exchange rate found resistance at 1.3290. The event was followed up by a decline. By the middle of the day's European trading hours, the pair had reached the 1.3240 level. A continuation of the decline of the GBP against the USD might result in the rate once again testing the support zone at 1.3195/1.3210. The
On Tuesday morning, the EUR/USD, despite piercing the resistance of the 50-hour simple moving average, found resistance at the 1.1300 mark and declined. By the middle of the day's trading, the pair had reached the 1.1250 mark. If the EUR/USD continues to decline, it would aim at the support of the weekly S1 simple pivot point at 1.1242 and
On Tuesday, the USD/CAD currency exchange rate reached the low level zone of the previous week at 1.2713/1.2728. Previously, the rate passed the support of the 200-hour simple moving average and the weekly S1 simple pivot point at 1.2760 and 1.2752. In the case that the rate passes the support zone, a decline might aim at the support of the weekly
The GBP/JPY currency exchange rate has encountered resistance in the 200-hour simple moving average above the 151.00 mark. If the 200-hour simple moving average pushes the rate down, the GBP/JPY might decline to the combined support of the 50-hour SMA and the weekly simple pivot point at 150.09. Below the SMA and the pivot point, support is being provided by
On December 7, the Reserve Bank of Australia published an official monetary policy statement. In addition, the official cash rate was revealed. The announcement caused a recovery of the Australian Dollar's value. By 09:00 GMT, the rate had already recovered 43 base points or 0.60%. Meanwhile, from a technical analysis perspective, the rate had reached and pierced the resistance zone at
On Tuesday morning, the EUR/JPY currency exchange rate broke the resistance of the 128.20/128.30 zone, which had previously kept the rate down on Thursday and Friday. During the day's early European trading hours, the rate had encountered resistance in the weekly R1 simple pivot point at 128.43 and the 128.50 mark. The event was followed by a decline below
On Monday, the yellow metal found resistance in the 200-hour simple moving average near 1,785.00. Meanwhile, support was being provided by the 50-hour simple moving average near 1,775.00. If the commodity passes the resistance of the 200-hour SMA, it could aim at the upper trend line of the channel down pattern, which captures the last week's decline. On the other hand,
On Friday, the USD/JPY currency pair found support in the 112.60 mark. The event was followed up by a recovery, which by the middle of Monday's trading had reached above technical levels at 113.11. A continuation of the surge is highly likely going to encounter resistance at the 113.69 level. At that level the weekly R1 simple pivot point is located
The GBP/USD currency exchange rate found resistance in the 1.3278/1.3300 zone and the 100-hour simple moving average. In the case that the rate declines, it could find support in the zone that connects the November 30 and December 3 low level zone. Below the zone, the weekly S1 simple pivot point at 1.3167 might stop a decline. Meanwhile, a recovery of
The EUR/USD currency exchange rate has revealed that throughout December it has traded in a channel down pattern. Meanwhile, the pair was ignoring the support and resistance of the 50, 100 and 200-hour simple moving averages. On Monday, the rate could find support in the lower trend line of the channel down pattern. Below the trend line, the weekly S1
The USD/CAD currency exchange rate became highly volatile on Friday, as the release of the US and Canadian monthly employment data impacted the rate from both sides. In the aftermath of the high volatility, on Monday, the rate bounced off a resistance zone near 1.2840 and declined below the 1.2800 mark. The decline of the rate could eventually find support in
The GBP/JPY currency pair ended trading in a triangle pattern with a drop to the 149.00 level. During the drop, the pair passed the support line of the channel down pattern, which had guided the rate since late October. The 149.00 mark provided support and caused a recovery. By the start of Monday's US trading hours, the rate had reached
The AUD/USD currency exchange rate reached the 0.7000 low level, which had not been touched since October 2020. The 0.7000 mark provided support and caused a recovery of the pair. During the early hours of Monday's US trading, the pair had reached above the 0.7050 level. If the rate continues to surge, it could encounter resistance of the 0.7092/0.7096 zone. Above
Despite shortly fluctuating below the 127.50 level on Friday, on Monday, the EUR/JPY currency exchange rate had recovered and reached the 128.00 mark. Meanwhile, the rate appeared to be ignoring the 50-hour simple moving average and the weekly simple pivot point. In the case that the rate continues to recover and reached above the 128.00 mark it would face the
On Thursday, the yellow metal's price booked a new low level by testing the lower trend line of a descending channel down pattern near 1,765.00. The event was followed up by a surge up to the 50-hour simple moving average near 1,775.00. If the metal's price attempts to surge higher, it would have to break the resistance of the 50-hour simple
On Friday morning, the upper trend line of the channel down pattern and the 100-hour simple moving average failed to provide resistance to the USD/JPY currency exchange rate. Namely, the pair surged above them and touched the 113.50 mark, before retracing to look for support in the 100-hour SMA. A resumption of the surge of the USD/JPY pair might first test
At mid-day on Friday, the GBP/USD currency exchange rate pierced the support of the weekly S1 simple pivot point at 1.3264. The rate was pushed down initially on Thursday by the 200-hour SMA. On Friday, the 50-hour simple moving average provided resistance. A potential decline further below might look for support in the 1.3200 mark, which provided the pair with support
The EUR/USD declined below the support of the 50 and 100-hour simple moving averages and the 1.1300 level, on Thursday. By the middle of Friday's trading, the rate had found support in the weekly simple pivot point at 1.1282 and recovered to the two SMAs at the 1.1315 level. In the case that the rate breaks the resistance of the
Since late Wednesday's trading session, the USD/CAD currency exchange rate has been testing the resistance of the 1.2830/1.2837 zone. Meanwhile, support was being provided by the 50-hour simple moving average and the zone that is located at the 1.2800 mark. In a scenario where the rate passes the resistance zone of 1.2830/1.2837, the pair could immediately find resistance in the
Since the last attempt to break out of the channel down pattern, the GBP/JPY rate has been trading in limbo around the 150.50 mark. Initially, it might appear that the rate is trading sideways. However, an in-depth look reveals that the pair has been forming a minor triangle pattern. Namely, the range of trading is decreasing until either buyers or
The AUD/USD currency pair passed the support zone at 0.7092/0.7094. Namely, the support zone held for seventeen hours before it was passed. The event resulted in a decline, which by the start of Friday's European trading had almost reached the weekly S1 simple pivot point at 0.7056. In addition, the 0.7050 mark might serve as support. In the meantime, note that
On Thursday, the EUR/JPY currency exchange rate found resistance in the 128.20 level. The 128.20 mark's resistance was tested two times, before a decline of the pair began. On Friday morning, the rate was being pushed down by the 50-hour simple moving average. If the pair continues to decline, it would most likely once again look for support in the