This week, the price for gold started trading with a bounce off from the resistance of the 1,800.00 mark. By the middle of Monday's trading, the commodity was approaching the support zone of 1,778.60/1,782.70. Future forecasts were based upon whether or not the support zone holds, as it had did three times during the previous week. If the price recovers from
Most recently, on Monday, the USD/JPY currency exchange rate found support in the 113.00 level and reached the resistance of the 114.00 mark. The rate has been trading in the range between the two round exchange levels since the middle of Thursday, when the pair found support in 113.00. In the case that the rate breaks the resistance of the 114.00
The weekly simple pivot point and the high level zone at 1.3364/1.3370 has provided the GBP/USD pair with enough resistance for the rate to decline. Namely, during the first half of Monday's trading hours, the currency rate passed below the 100-hour SMA at 1.3340 and the 50-hour simple moving average at 1.3326. In the case that the rate continues to
On Monday, the EUR/USD currency exchange rate fluctuated sideways in the 1.1260/1.1300 range. Note that the pair was ignoring the support and resistance of the 200-hour simple moving average and the weekly simple pivot point at 1.1283. If the currency pair surges, it could test the resistance of the 1.1320/1.1333 zone, which provided the EUR/USD with resistance on November
The USD/CAD started the week by a low opening near the 1.2750 level. Previously, the rate tested the resistance of the 1.2800 mark. In general, the rate traded sideways, as it was looking for direction. In the near term future, the rate could be pushed up by the support of the 50-hour simple moving average, which on Monday morning was
Since Thursday, the GBP/JPY currency exchange rate has been trading in the borders of a descending triangle pattern. Namely, the pair has been trading between a support zone at 150.70/150.80 and the resistance line that connects the Thursday and Friday high levels. If the pair breaks out of the triangle to the upside, it could aim at the resistance of the
The AUD/USD currency exchange rate was testing the resistance of the 0.7150 mark on Monday morning. Meanwhile, the pair was being approached by the resistance of the 50-hour simple moving average. If the pair declines, it could look for support in the Thursday and Friday low level zone above the 0.7110 mark. Below this zone, the rate might encounter support in
The EUR/JPY currency exchange rate has declined below the support of the 128.00 mark. In addition, on Monday morning, the pair confirmed the 128.00 level as resistance. Meanwhile, the 127.50 level provided support. Moreover, note that the rate has been declining in a channel down pattern since November 25. If the rate continues to decline, it would look for support
The yellow metal bounced off the resistance of the 1,875.00 level, on Tuesday. The following decline ended at midnight to Wednesday, as the price found support in the 1,850.00 mark. Note that the price recently has been bouncing between round price levels. By the middle of Wednesday's trading hours, a recovery from the 1,850.00 level was taking place. In the near
The USD/JPY currency exchange rate almost touched the 115.00 mark before a retracement back down started. By the middle of Wednesday's GMT trading hours, the pair had returned to the 114.65/114.70 zone, which is the October high zone. If the 114.65/114.70 zone provides the USD/JPY pair with enough support, the rate could make another attempt at passing the resistance of the
The GBP/USD currency exchange rate reached and pierced the resistance of the 200-hour simple moving average at mid-day on Wednesday. Previously, during the morning hours of the day, the rate declined and shortly traded below the support of the 100-hour SMA. Meanwhile, analysts spotted a channel up pattern on the rate's hourly candle chart. In the case of a surge, the
On Wednesday morning, the decline of the EUR/USD reached below the 1.1300 mark. However, the rate found support in 1.1265 and started a recovery. By the middle of the day's trading, the recovery had reached above the weekly S2 simple pivot point at 1.1321. If the pair extends its recovery, it could encounter resistance at the 1.1350 level, where the
The USD/CAD currency exchange rate's recovery from the low level zone at 1.2500 has reached the 1.2580 level. On Wednesday, it was spotted that the pair kept finding resistance in the 1.2580 level and support was being provided by the combination of the 1.2540 mark and the 50-hour simple moving average. If the pair passes the 1.2580 level, it could reach
On Wednesday morning, the surge of the GBP/JPY currency exchange rate reached the 154.75 level. The surge as fueled by the higher than expected UK inflation data, which signals that there is a larger local demand for the currency, as larger sums are being circulated. In the case that the rate continues to surge, it would have to pass the resistance
The AUD/USD encountered the technical resistance of the 200-hour simple moving average at 0.7370 on Tuesday morning. Since the encounter, the currency pair has been declining. By the middle of Wednesday's trading hours, the rate had reached the 0.7263 level. In addition, note that the 0.7300 mark was confirmed as a resistance, as the pair bounced off it. In the case
On Wednesday morning, the EUR/JPY currency exchange rate touched the support zone at 129.40/129.50. The rate found enough support to retrace back up to the resistance of the 50-hour simple moving average near the 130.00 mark. In the case that the rate would be pushed down by the 50-hour simple moving average, it could once again test the support zone
During Monday's Asian trading hours, the price for gold reached above the November 10 high level, as the price touched the 1,870.00 level's resistance. However, afterwards, the price retraced back down, before appearing to start another attempt to pass the resistance of the 1,870.00 level. In the case that the price passes above the 1,870.00 level, the yellow metal could
Since the middle of Friday's trading hours, the USD/JPY has traded between the support of the 113.74/113.81 zone and the resistance of the 50-hour simple moving average at 114.00. However, note that the round exchange rate level of 114.00 could be acting also acting as resistance. Namely, it is the combination of the round exchange rate and the simple moving
On Monday morning, the GBP/USD passed above the resistance of the 1.3410/1.3430 zone. However, a follow up surge did not occur. Instead, the pair started to trade in the zone. Meanwhile, support was being provided by the 50-hour SMA and the 1.3400 level. Resistance was provided by the 100-hour SMA at 1.3450 and the weekly simple pivot point at 1.3462. If
Since Friday, the EUR/USD has traded sideways. On Monday, the borders of the sideways trading range were marked on the chart. The rate keeps finding support at 1.1433/1.1437. Meanwhile, resistance is being provided by the 1.1456/1.1464 zone. If the pair resumes its decline and passes the support of the 1.1433/1.1437 zone, the EUR/USD might look for support in the 1.1400
The USD/CAD currency exchange rate ended its sideways trading on Friday noon. By the middle of Monday's trading, the pair had passed below the support zone at 1.2570/1.2575 and the 50-hour simple moving average near 1.2555. Next target for the decline was the weekly simple pivot point at the 1.2512 level. In the case that the rate finds enough support in
On Monday morning, the GBP/JPY currency exchange rate reached above the 153.00 level. The 153.00 mark provided resistance on Thursday and reversed the rate's recovery by causing a drop to the 152.40 level. Meanwhile, the pair was finding support in the 50-hour simple moving average at 152.70. If the pair surges, it would reach for the 153.50 mark. Note that the
On Monday morning, the AUD/USD currency exchange rate broke the resistance line of the channel down pattern, which had guided the rate since the start of November. A potential target for the following morning surge was the 200-hour simple moving average at 0.7375. A passing above the resistance of the 200-hour simple moving average at 0.7375 could result in a move
On Friday, the EUR/JPY found support in the 130.20/130.30 range. The following recovery lasted into Monday's Asian trading hours, as the pair retraced up to the resistance of the 50-hour simple moving average. By the middle of the day, the SMA appeared to have stopped the pair's recovery. In the case that the rate declines, it would first look for