During Friday’s trading session, the currency exchange rate was supported by the 55-hour simple moving average to end the trading session at the 113.83 mark. On Monday morning, the US Dollar kept surging upwards to trade at the 114.13 mark.
In regards to the near-term future, most likely, the US Dollar will meet the weekly R1 at the 114.30 mark during the trading session on Monday. The 55-hour simple moving average should support the surge during the day.
On the other hand, the yellow metal could move sideways to stay at the 114.00 level during the trading session.
In regards to the near-term future, most likely, the US Dollar will meet the weekly R1 at the 114.30 mark during the trading session on Monday. The 55-hour simple moving average should support the surge during the day.
On the other hand, the yellow metal could move sideways to stay at the 114.00 level during the trading session.
Comment:
During Tuesday’s trading session, the currency exchange rate passed through the supports of the 55-hour and the 100-hour SMAs to end the trading session near the bottom boundary of the ascending medium pattern line at the 113.75 mark. On Wednesday morning, the US Dollar was located at the 113.87 mark.
In regards to the near-term future, most likely, the US Dollar trade sideways at the 114.00 mark. The 100-hour SMA should support the rate during the trading session.
On the other side, the US Dollar might depreciate against the Japanese Yen during today’s US CPI data release at 13:30 GMT to push the rate to trade below the 100-hour simple moving average at the 113.60 level.
During Tuesday’s trading session, the currency exchange rate passed through the supports of the 55-hour and the 100-hour SMAs to end the trading session near the bottom boundary of the ascending medium pattern line at the 113.75 mark. On Wednesday morning, the US Dollar was located at the 113.87 mark.
In regards to the near-term future, most likely, the US Dollar trade sideways at the 114.00 mark. The 100-hour SMA should support the rate during the trading session.
On the other side, the US Dollar might depreciate against the Japanese Yen during today’s US CPI data release at 13:30 GMT to push the rate to trade below the 100-hour simple moving average at the 113.60 level.
Comment:
During Wednesday’s trading session, the currency exchange rate passed through the supports of the most technical indicators to end the trading session at the 113.50 mark. During Thursday’s morning, the US Dollar resisted by the 200-hour simple moving average to trade at the 113.40 mark.
In regards to the near-term future, most likely, the US Dollar will keep depreciating towards the weekly S1 at the 113.16 mark due to a lack of technical indicators which could prevent the downward movement.
On the other side, today’s US Retail Sales data release at 13:30 GMT may turn the rate to surge upwards to the monthly pivot point at the 113.62 mark.
During Wednesday’s trading session, the currency exchange rate passed through the supports of the most technical indicators to end the trading session at the 113.50 mark. During Thursday’s morning, the US Dollar resisted by the 200-hour simple moving average to trade at the 113.40 mark.
In regards to the near-term future, most likely, the US Dollar will keep depreciating towards the weekly S1 at the 113.16 mark due to a lack of technical indicators which could prevent the downward movement.
On the other side, today’s US Retail Sales data release at 13:30 GMT may turn the rate to surge upwards to the monthly pivot point at the 113.62 mark.
Comment:
During Thursday’s trading session, the currency exchange rate pierced the weekly S1 at the 113.16 mark to end the trading session at the 113.50 mark. On Friday morning, the US Dollar was depreciating to trade at the 113.26 mark.
In regards to the near-term future, most likely, the US Dollar will keep depreciating towards the weekly S1 at 113.16 to pass through its support to trade at the 113.00 level during the trading session on Friday.
On the other side, the US Dollar could be supported by the weekly S1 at 113.16 to push the currency exchange rate to recover itself at the 113.20 level.
During Thursday’s trading session, the currency exchange rate pierced the weekly S1 at the 113.16 mark to end the trading session at the 113.50 mark. On Friday morning, the US Dollar was depreciating to trade at the 113.26 mark.
In regards to the near-term future, most likely, the US Dollar will keep depreciating towards the weekly S1 at 113.16 to pass through its support to trade at the 113.00 level during the trading session on Friday.
On the other side, the US Dollar could be supported by the weekly S1 at 113.16 to push the currency exchange rate to recover itself at the 113.20 level.
During Monday’s trading session, the currency exchange rate passed through the bottom boundary of the ascending medium pattern line to end the trading session near the weekly PP at the 113.58 mark. On Tuesday morning, the US Dollar broke the resistances of the 55-hour and the 100-hour SMAs to surge to the 114.11 mark.
In regards to the near-term future, most likely, the US Dollar might meet the weekly R1 at the 114.30 during the day. mark. Besides, today’s US FOMC Member Brainard Speech at 15:00 GMT could support the rates movement upwards.
On the other side, the currency exchange pair might move sideways to stay at the 114.15 level during the trading session on Tuesday.