During the last twenty four hours up to the GMT time zone morning, the USD/JPY revealed two channel patterns. Namely, a medium scale channel up pattern and a junior channel down. In theory, the pair is set to decline below the 107.40 level. However, there are more than one ways to get there. Economic Calendar On Thursday, at 12:30 GMT the weekly
The 55 and 100-hour simple moving averages provided the GBP/USD with the needed support to start a surge. On Tuesday, the surge reached the weekly R1 pivot point at 1.2593, from which it bounced off. Afterwards, since retreating to the 1.2550 mark, the currency exchange rate has been trading sideways. Economic Calendar On Thursday, at 12:30 GMT the weekly US Unemployment Claims
The decline of the EUR/USD was stopped by the technical support of the 100-hour simple moving average. On Wednesday morning, the pair continued to be supported by the SMA. However, it could be observed that the SMA's support was being pierced, as the rate shortly fluctuated below it, which signalled an upcoming decline. Economic Calendar Analysis On Thursday, at 12:30 GMT the
The yellow metal failed at the attempt to pass the resistance zone of the 1,785.00 and 1,790.00 levels. On Tuesday, the rate declined and reached the 1,775.00 level, which was about to be supported by the 200-hour simple moving averages. Economic Calendar Analysis On Thursday, at 12:30 GMT the weekly US Unemployment Claims are set to be released. They could create above average
The decline of the USD/JPY on Monday reached the 107.25 level. However, by the middle of Tuesday's GMT trading hours, the rate had recovered and reached above 107.75. At mid-day it was observed that the 107.75 provided resistance to the rate. Economic Calendar On Thursday, at 12:30 GMT the weekly US Unemployment Claims are set to be released. They could create above
The 1.2520 level stopped the GBP/USD exchange rate's attempts to surge throughout Monday and early Tuesday. By the middle of the day's GMT trading hours, the rate had dipped down to the 1.2470 level. Economic Calendar On Thursday, at 12:30 GMT the weekly US Unemployment Claims are set to be released. They could create above average volatility. On Friday, the US Producer Price
On Monday, the EUR/USD reached the 1.1346 level before it began a decline. By the middle of Tuesday's GMT trading hours, the decline had reached the 1.1260 mark. In the near term future, the rate was expected to recover, as it had found support in the 100-hour simple moving average. Economic Calendar Analysis On Thursday, at 12:30 GMT the weekly US Unemployment
As the 200-day simple moving average moved higher, the DUK+/EUR exchange rate surged. The rate reached the 1.5700 mark, where it encountered resistance and began a decline. On July 6, the rate's decline had reached the 1.5200 mark and had no support as low as the 1.5000. Daily Candle Chart On the technical daily candle chart, it can be observed that the
On Monday, the metal's price began a surge. The surge was caused by the support of the 200-hour simple moving average. By the middle of Monday's GMT trading hours, the currency exchange rate had reached the 1,785.00 level. Economic Calendar Analysis During the week, notable macroeconomic data releases are set to start on Monday at 14:00 GMT. The US ISM Non-Manufacturing PMI
As expected, the USD/JPY made a sharp move. Namely, the rate started the week's trading with a surge up to the 107.75 level. However, the 107.75 mark provided resistance and caused a decline. By the middle of the day's GMT trading hours, the pair had reached the 107.50 level. Economic Calendar During the week, notable macroeconomic data releases are set to start
At mid-day on Monday, the GBP/USD broke the medium channel down pattern of the hourly candle chart. The event signalled that the currency exchange rate could continue to surge. In theory, a surge could reach for the 1.2600 level, as there was no technical resistance as high as 1.2593. Economic Calendar Macroeconomic data releases are set to start on Monday at 14:00
The EUR/USD has started the week with a surge. By the middle of Monday's GMT trading hours, the currency exchange rate had reached the resistance of the 1.1300 level. The rate's future scenarios were based upon what would occur at the 1.1300 level. Economic Calendar Analysis Notable macroeconomic data releases are set to start on Monday at 14:00 GMT. The US ISM
On Thursday, the yellow metal's price suddenly plummeted and then immediately returned to the previous level. This event was caused by the release of the US employment data. On Friday, the rate traded in limbo near the 55 and 100-hour simple moving averages. US Unemployment data The Bureau of Labor Statistics released the US ADP Unemployment Rate data, which came out better-than-expected of
Since the middle of Wednesday's GMT trading hours, the USD/JPY has continued to trade near the 107.50 mark. However, on Friday, the rate decreased volatility, which signalled that the pair could soon make a sharp move. US Unemployment data The Bureau of Labor Statistics released the US ADP Unemployment Rate data, which came out better-than-expected of 11.1% compared with the forecast of
The fundamental surge of the GBP/USD ended at the 1.2525 level. After attempting to pass this level for five hours, the rate began a decline. By the middle of Friday's GMT trading hours, the rate had reached the 1.2450 level. GBP Appreciated 2.20% Since Tuesday, June 30, the British Pound has been appreciating actively against the US Dollar. The GBP/USD currency pair
As better than expected US employment data was released on Thursday, the US Dollar gained value. This resulted in the adjustment of the EUR/USD, which had the form of a decline. Eventually, the decline reached below the support levels that were located from 1.1240 to 1.1250. US Unemployment data The Euro traded sideways against the US Dollar, following the US ADP Employment
After almost touching the 1,790.00 mark, the yellow metal's price dropped down to 1,760.00. With it, the price pierced the channel up pattern. In addition, during the decline the commodity removed its overbought pressure, as it retreated down to the 200-hour simple moving average. Economic Calendar Analysis The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at
After reaching the 107.50 mark on Wednesday, the USD/JPY currency exchange rate began to trade sideways. By the middle of Thursday's trading, the rate had continued to bounce around 107.50. In the near term future, the pair was expected to get squeezed in between hourly simple moving averages. Economic Calendar The main scheduled macroeconomic data release of the week is bound to
The strong technical resistance cluster did not hold on Wednesday. The scenario of a surge occurred and the rate reached the scenario's target of 1.2483. On Thursday, the pair continued its surge, as it passed the 1.2500 exchange rate level. Economic Calendar The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at 12:30 GMT. At that
Despite shortly being pierced, the 1.1200 level held and caused another surge. By mid-day the rate's surge had reached the resistance of the 1.1300 level, which provided resistance. Economic Calendar Analysis The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at 12:30 GMT. At that time the US employment data sets are scheduled to be published. The
On Wednesday morning, the yellow metal reached a new high level, as it almost touched the 1,790.00 mark. By mid-day the commodity price had retreated and looked for support to resume the surge in the 55-hour simple moving average near 1,775.00. Economic Calendar Analysis The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at 12:30 GMT. At
The USD/JPY managed to break the resistance of the monthly R1 at 107.78, on Tuesday. However, the rate reversed its direction at 108.10 and began a decline. By the middle of Wednesday's GMT trading hours, the rate had almost reached the 107.50 level. Economic Calendar The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at
On Wednesday, the GBP/USD reached the upper trend line of the channel down pattern, which has guided it since the start of June. Various technical indicators showed that the rate would bounce off from the trend line and decline back to the 1.2254 level. Economic Calendar The main scheduled macroeconomic data release of the week is bound to occur on Thursday, at
Despite reaching up to the 1.1260 level during Tuesday noon, by the middle of Wednesday's GMT trading hour, the EUR/USD had returned back to the 1.1200 level. The currency exchange rate was expected to once again look for the support of the 38.20% Fibonacci retracement level. However, take into account that it was pierced on Tuesday. Economic Calendar Analysis The main scheduled macroeconomic