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
Since touching the 1,870.00 level on Wednesday, the yellow metal's price has started to trade in the range between the 1,841.80/1,845.00 zone as support and the resistance of 1,865.00/1,870.00. Most recently, the rate found support in the 1,845.00 level and started a surge that was set to reach the 1,865.00 mark. If the price passes the resistance of the 1,865.00/1,870.00 zone,
The USD/JPY eventually passed the resistance of the weekly R1 simple pivot point at 114.15. The event was followed by a test of the resistance zone of the November high levels at 114.20/114.30. On Friday morning, the zone provided enough resistance for a decline to begin. By the middle of the day, the decline had pierced the 114.00 mark and
Before reaching the 1.3350 mark, the GBP/USD started a recovery. Namely, the pair retraced back up to the combined resistance of the previously passed low level zone at 1.3410/1.3430, the 50-hour simple moving average and the 1.3400 level. If the GBP/USD resumes its decline, it could look for support in the 1.3350 level. Afterwards, the 1.3300 mark could serve as a
The EUR/USD eventually passed the support of the 50.00% Fibonacci retracement level at 1.1455. Afterwards, the rate retraced back up to the 1.1455 level and confirmed it as a resistance three times. At mid-day on Friday, it appeared that the pair was set to continue its decline. A potential target for the decline would be the weekly S3 simple pivot
The surge of the USD/CAD reached the 1.2600 mark on Thursday evening. In the aftermath of reaching the 1.2600 level, the pair started to trade sideways in the range between the support of the 1.2570/1.2575 zone and the resistance at 1.2595/1.2605. If the pair passes the resistance zone at 1.2595/1.2605, the USD/CAD could aim at the resistance of the weekly R3
After passing the support zone at 152.55/152.75, the GBP/JPY reduced volatility until the midnight to Friday. At midnight, the pair started a recovery, which pierced the resistance of the 50-hour simple moving average and almost touched the 153.00 level. However, by the middle of the day's trading, it appeared that the pair could resume its decline. A potential decline of the
Since reaching below the 0.7300 mark, the AUD/USD currency exchange rate has consolidated by finding support at 0.7280 and retracing back up to the 0.7300 level. In the meantime, the 50-hour simple moving average had caught up with the rate from above. In the case that the 50-hour SMA provides resistance and pushes the rate down, the pair could reach for
On Thursday, the EUR/JPY passed the support one above the 130.60 level. Although, the pair immediately found support in the weekly S1 simple pivot point at 130.46. Since the middle of Thursday's trading hours, up to the middle of Friday, the rate had been trading between the support of the pivot point and the 50-hour simple moving average near
The retracement from the 1,870.00 level found support above the 1,840.00 mark. Namely, the 1,841.30/1,843.50 zone provided the metal's price with support. By the middle of Thursday's GMT trading hours, the price was once again heading to the 1,870.00 level. In the case that the price passes the resistance of the 1,870.00 level, the 1,900.00 mark could be the next target
The USD/JPY passed the resistance of the 114.00 level during early Thursday's trading hours. However, the pair found resistance in the weekly R1 simple pivot point at 114.15. By the middle of the day's European trading hours, the pair had failed two attempts to pass the pivot point. In the case that the weekly R1 fails to continue to provide resistance,
By the middle of Thursday's trading, the GBP/USD passed the support of the 1.3450 mark, the October and November low level zone at 1.3410/1.3430 and the 1.3400 mark, and the rate pierced the weekly S1 simple pivot point at 1.3386. Moreover, the 1.3410/1.3430 zone was confirmed as a resistance. In the highly likely case that the rate continues to decline, the
The decline of the EUR/USD, on Thursday, passed the support of the weekly S2 simple pivot point at 1.1463 and reached the 50.00% Fibonacci retracement level at 1.1455. Future forecasts were based upon whether the retracement level provides support. If the rate recovers from the 1.1455 level, the EUR/USD might immediately encounter resistance in the form of the weekly
The high volatility period of the USD/CAD currency exchange rate ended with a surge to the 1.2500 level, the zone that surrounds it and the weekly R1 simple pivot point in the zone. On Thursday morning, the rate broke the resistance of the 1.2500 mark and reached for the 1.2530 level. The USD has been surging against all other currencies since
Since Tuesday, the GBP/JPY has been trading in range between the support zone at 152.55/152.75 and the resistance of 153.65/153.75. However, on Thursday morning, the rate appeared to start to find resistance in the 153.00 level and the 50-hour simple moving average. The resistance of these levels was enough for the rate to move outside the borders of the support
The decline of the AUD/USD extended and reached below the 0.7300 level on Thursday morning. From a technical perspective the decline of the rate gained new energy, as the resistance of the 50-hour simple moving average provided resistance at 0.7394 on Wednesday. In the meantime, a broader review of the pair's chart has revealed that the previously broken channel up pattern
The resistance of the 131.40 mark held on Wednesday, and the EUR/JPY currency exchange rate declined to the support zone at 130.63/130.90. On Thursday morning, the rate was located in the zone and below the resistance of the 50-hour simple moving average at 130.85. A decline below the support zone would most likely result in the pair looking for support
The price for gold reached the summer high level zone above 1,830.00 in the borders of the channel up pattern. Although, the summer high level zone forced the price into breaking the pattern and retracing to the support of the 50-hour simple moving average. The SMA kept the price up until the US Consumer Price Index data was released. The
The USD/JPY kept finding support in the 112.73/112.78 zone for the 24-hour period from 08:00 GMT on Tuesday to Wednesday. On Wednesday, the rate started a surge, which one by one passed the resistance of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point. During the day's US trading hours, the pair had reached the
On Wednesday morning, the support of the 50 and 100-hour simple moving averages together with the weekly simple pivot point failed to provide support at the 1.3530/1.3550 zone. This resulted in a decline, which at 13:30 GMT was boosted by the US Consumer Price Index release. By the middle of the day's US trading hours, the rate was heading to the
The resistance of the 1.1600 was enough to cause a decline, which initially reached below the technical levels at 1.1567/1.1585. Afterwards, the decline was boosted by US Consumer Price Index data, which caused a USD surge. During Wednesday's US trading hours, the pair had reached below the previous November low levels, as it approached the 1.1500 level. In the case
Since the middle of Tuesday's GMT trading hours, the USD/CAD has been highly volatile. The high volatility could be explained by the Tuesday's publication of US Producers Price Index at 13:30 GMT and the Wednesday's US Consumer Price Index release at 13:30 GMT. During the high volatility, the rate has been mostly ignoring technical support and resistance levels. However, the
The GBP/JPY continues to respect both the support zone at 152.55/152.75 and the resistance of 153.65/153.75. Previous forecasts remain intact. In the case that the pair passes the resistance of the 153.65/153.75 zone, it might find resistance in the weekly simple pivot point at 154.10. Above the pivot point, the 200-hour SMA near 155.00 could serve as a resistance level. However, a
The resistance of the weekly simple pivot point at 0.7431 provided enough resistance for the AUD/USD currency exchange rate to eventually pass the support line of the channel up pattern, which guided the rate since the start of November. Note that initially the trend line held and forced the pair into a second attempt to pass the resistance of