Since the middle of Monday's European trading hours, the price for gold has remained near the 1,825.00 level. Moreover, it appears that the price has been trading almost flat with no volatility. However, from a technical analysis perspective, the sideways trading appears normal, as the rate is consolidating previous gains by remaining flat in the borders of a channel up
On Monday, the decline of the USD/JPY currency pair reached below the support of the 113.00 mark, which was strengthened by the weekly S1 simple pivot point. On Tuesday, the rate retraced back up and confirmed the 113.00 level as a resistance. Namely, the pair moved back up and bounced off the 113.00 mark. If the rate continues to decline, the
The GBP/USD currency exchange rate's surge has encountered resistance at 1.3605/1.3610. This zone proved that it can impact the pair during the first trading sessions of November. If the resistance zone of 1.3605/1.3610 holds, a decline of the rate might occur. A potential move down could find support in the 100-hour simple moving average at 1.3555. Below the 100-hour SMA, the
The EUR/USD currency exchange rate's surge reached above the 1.1600 mark on Tuesday. During the recent surge, the rate eventually passed the resistance of the 50, 100 and 200-hour simple moving averages. In the case that the pair continues to surge, the EUR/USD might test the resistance zone at 1.1617/1.1625 and the weekly R1 simple pivot point at 1.1620.
The USD/CAD currency exchange rate has been trading with high volatility, as can be deducted from the size of the hourly candles. Meanwhile, on Tuesday morning, the rate reached the support of the 1.2429/1.2433 zone. In the case that the rate passes the support zone, it could almost immediately find support in the weekly simple pivot point at 1.2427. Below
First of all note that the recent fluctuations of the GBP/JPY have provided the opportunity to adjust the support and resistance zones, which impact the rate. Namely, the rate trades between the support zone at 152.55/152.75 and the resistance of 153.65/153.75. Meanwhile, note that between the support and resistance zone the 50-hour simple moving average is located at. The SMA has
The AUD/USD breaking of the previous pattern has occurred in a channel up pattern. The minor pattern was added to the chart on Tuesday. Meanwhile, note that the pair has been respecting the support of the 50-hour simple moving average and the resistance of the weekly simple pivot point at 0.7431. In the case that the rate continues to surge
The resistance of the 50-hour simple moving average was enough for the EUR/JPY to decline to the support zone at 130.75/130.90. The first decline of the rate was stopped by the support zone. However, on Tuesday morning, the pair shortly passed below the zone. Meanwhile, the EUR/JPY was being steadily approached by the 50-hour simple moving average from above. If the
The price for gold has reached above the resistance of the 1,810.00 mark. By the middle of Monday's trading, the price had reached the 1,825.00 level. Meanwhile, a channel up pattern has been spotted on the pair's hourly candle chart. The pattern has been guiding the price since the November 3 drop. In regards to the near term future, the metal
On Friday, the USD/JPY passed previous low level zones before consolidating by retracing back up to the 113.66 level. On Monday, the decline of the pair resumed, as the pair reached the 113.10 level. In the near term future, the rate was highly likely set to reach the 113.00 mark. At the 113.00 mark, the pair could not only finds psychological
The GBP/USD found enough support in the September low level zone to start a recovery. The recovery first reached the resistance of the 1.3500 mark, which kept the rate down until the middle of Monday's GMT trading hours. During the afternoon, the GBP/USD was surging sharply. By 15:30 GMT, the rate was testing the resistance of the 100-hour simple moving
On Friday, the EUR/USD booked a new low level by reaching below October low levels. Namely, the pair touched the 1.1514 zone. However, the touching of a low level was followed up by a recovery to the hourly simple moving averages above the 1.1550 mark. By the middle of Monday's European trading, the pair had reached above the resistance of
On Monday, the USD/CAD currency exchange rate was mostly ignoring previous high and low level zones. Moreover, starting from 06:00 GMT, the rate began to ignore the 50-hour simple moving average. At mid-day on Monday, the rate was approaching the 1.2428/1.2434 zone and the weekly simple pivot point at 1.2427. A passing of these support levels could result in a decline
Since the middle of Friday's trading hours, the GBP/JPY currency exchange rate has been fluctuating around the 153.00 mark. Meanwhile, the rate was being approached by the resistance of the 50-hour SMA from above. In the case that the 50-hour simple moving average pushes the rate down, it could look for support first at the zone above the 152.50 mark. Further
On Monday, the AUD/USD currency exchange rate trade sideways between the support of the 0.7380/0.7384 zone and the resistance of 0.7412/0.7420. Meanwhile, while trading sideways, the rate passed the resistance of a channel down pattern and the 50-hour simple moving average. If the rate surges and passes the resistance zone of 0.7412/0.7420, it could find resistance in the weekly simple pivot
On Friday, the EUR/JPY currency exchange rate found support in the 130.75/130.90 zone. The following recovery continued into Monday until the rate encountered the resistance of the 50-hour simple moving average. Up to the middle of the day's European trading hours, the SMA was pushing the rate down. If the simple moving average continues to push the pair down, it
The sharp surge of the yellow metal found resistance in the 1,800.00 level. By the middle of Friday's trading, the price had made two failed attempts at passing above the 1,800.00 mark. Meanwhile, it could be spotted that the 200-hour simple moving average was providing support near 1,790.00. If the price manages to move above the 1,800.00 level, it could aim
The USD/JPY currency pair has revealed that it respects the support of the 113.51/113.56 zone. Namely, the rate has found support in this range two times and recovered from it. Meanwhile, since Thursday, the pair has been kept down by the combined resistance of the weekly simple pivot point and the 50, 100 and 200-hour simple moving averages from 113.88
On Friday morning, the GBP/USD currency pair reached the zone of the September and October low levels at 1.3413/1.3433. A passing of the support zone at 1.3413/1.3433 would leave the pair with no close by technical support on the hourly candle chart. The pair could look for support in round exchange rate levels as the 1.3400 and 1.3350. However, take into
Since the middle of Thursday's European trading hours, the EUR/USD currency exchange rate has been trading above or in the zone of the October low levels at 1.1525/1.1538. In the case that the rate passes the October low levels at 1.1525/1.1538, the pair could look for support in the 1.1500 mark. In addition, note the weekly S1 simple pivot
The USD/CAD reached the resistance of the 1.2452/1.2457 zone and passed it on Thursday. However, since the event, the rate has been trading sideways. Namely, the pair appears to be squeezed in between the support of the mentioned 1.2452/1.2457 zone and the resistance of the 1.2470/1.2472 levels. A breaking of the 1.2470/1.2472 resistance zone could reach for the 1.2500 mark.
On Friday morning, the GBP/JPY passed the support of the weekly S3 simple pivot point at 153.10 and touched the 153.00 mark. In the case that the rate extends the decline, it would have no technical support. Namely, the 152.50 and 152.00 levels could act as support. These levels provided resistance during the pair's early October surge. On the other hand,
The AUD/USD passed the support of the weekly S2 simple pivot point at 0.7419 and the 0.7412/0.7420 zone. This event resulted in a decline to the October 12 high and October 18 low level zone and the weekly S3 simple pivot point at 0.7376/0.7384, as described in the first scenario on Thursday. If the pair declines below the mentioned support levels,
The decline of the EUR/JPY passed the support zone that is located at 131.48/131.62. The rate continued to decline until it reached the 131.02 level. Due to that reason it is assumed that the 131.00 mark might act as resistance. Meanwhile, on Friday morning, the currency exchange rate was testing the resistance of the previously passed 131.48/131.62 zone. The near