The DUK+/EUR currency exchange rate has made an attempt to surge, which was stopped by the resistance of the 200-day simple moving average. Daily Candle Chart On the technical chart it can be observed that the 200-day simple moving average is moving higher and could allow the rate to slightly surge. Meanwhile, take into account that it is the only technical
On Tuesday, the yellow metal's price had surged above the support of various technical levels located from 1,720.00 to 1,730.00. If these levels manage to provide support, another attempt to pass the resistance of the 1,740.00/1,745.00 zone could occur. Economic Calendar Analysis In regards to the metal's price during current week, there are a couple of scheduled macroeconomic data releases that could impact
On Tuesday morning, the USD/JPY attempted to pass the 107.60 level. However, the pair failed to pass it and reached down to the technical support levels near the 107.30 mark. Future forecasts were based upon what would happen at the support levels. Economic Calendar In regards to the USD/JPY during this week, there are a couple of scheduled macroeconomic data releases that
During Tuesday's European trading hours, the GBP/USD traded in limbo around the 1.2650 level. In regards to the near term future, it was expected that the additional support of the 55-hour SMA could cause another surge of the pair. Economic Calendar This week, there are a lot of events, which could impact the GBP/USD currency exchange rate. Already on Tuesday, at 06:00 GMT
On Tuesday, the EUR/USD currency exchange rate traded above the support of two hourly simple moving averages near the 1.1315 mark. Future forecasts were based upon whether or not the SMAs manage to provide technical support and push the rate up. Economic Calendar Analysis In regards to the EUR/USD during this week, there are a couple of scheduled macroeconomic data releases that could
On Friday, the yellow metal failed to exceed the 1,745.00 level. During Monday morning, the XAU/USD exchange rate was testing the support provided by the 200-hour moving average. Economic Calendar Analysis In regards to the metal's price during current week, there are a couple of scheduled macroeconomic data releases that could impact it. First of all, note the US Retail Sales on Tuesday
On Friday, the USD/JPY tested the resistance provided by the 100-hour moving average near 107.50. During Monday morning hours, the pair continued to test the given resistance. If the given moving average holds, it is likely that some downside potential could prevail. Economic Calendar In regards to the USD/JPY during this week, there are a couple of scheduled macroeconomic data releases
On Friday, some downside potential continued to prevail, and the GBP/USD exchange rate declined to 1.2450. During Monday morning, the rate reversed north. However, it is unlikely that bulls could prevail in the market, as the British Pound remains under pressure of the 55-hour SMA. Economic Calendar This week, there are a lot of events, which could impact the GBP/USD
On Friday, the EUR/USD currency pair breached the short-term ascending channel south and tried to decline below the monthly R1 at 1.1246. During Monday morning, the pair was testing the given level. Given that the pair is pressured by the 55-, 100- and 200-hour SMAs, it is likely that some downside potential could prevail. Economic Calendar Analysis In regards to the EUR/USD during
On Friday, the yellow metal continued to trade near the previous day's trading levels. Namely, the pair remained between 1,720 and 1740.00 levels. However, take into account that the commodity price managed to shortly pass the 1,740.00 level and touch the 1,745.00 mark. Economic Calendar Analysis In regards to the metal's price during next week, there are a couple of scheduled macroeconomic data
The ongoing large decline of the USD/JPY stopped at midnight, when the rate reversed and began a recovery. By the middle of Friday's GMT trading hours, the rate had reached back up to the 107.60 level, where it met with the resistance of the 100-hour simple moving average. Economic Calendar In regards to the USD/JPY during next week, there are a
The decline of the GBP/USD eventually stopped at the 1.2550 mark. From there it began a recovery, which had ended by the middle of Friday's GMT trading hours. In the near term future, the rate was expected to reach new low levels. Economic Calendar Next week, there are a lot of events, which could impact the GBP/USD currency exchange rate. Already on Tuesday,
On Thursday, the support of the 55 and 100-hour simple moving averages failed, which resulted in a sharp decline. The decline was reversed at the 1.1280 level by the 200-hour simple moving average. By the middle of Friday's GMT trading hours, the rate had reached the resistance of the 100-hour simple moving average near the 1.1330 mark. Economic Calendar Analysis In regards to
On Wednesday, it was stated that a possible metal's surge would stop at the 1,740.00 level. It occurred and resulted in a decline, which by the middle of Thursday's trading had retreated to technical supports at 1,720.00. Future forecasts were based upon what would happen at the 1,720.00 price level. Economic Calendar Analysis Economic calendars show the US PPI and Unemployment Claims on
The decline of the USD/JPY has continued. On Thursday, the pair started to test the support of a 38.20% Fibonacci retracement level at the 106.86 level. In the meantime, take into account that the FOMC announcements on Wednesday did not cause a large increase of volatility, as it did on the EUR/USD charts. Economic Calendar Economic calendars show the US PPI and
On Wednesday, the GBP/USD made two failed attempts to pass the resistance of the 1.2800 level. These attempts resulted in a decline of the rate, which by the middle of Thursday's GMT trading hours had reached 1.2660. In the meantime, the rate revealed a channel up pattern, which could be used for future guidance. Economic Calendar Economic calendars show the US PPI
During the last twenty four hours up to the review the EUR/USD had traded with high volatility. The large volatility was caused by the Federal Reserve making announcements on Wednesday at 18:00 GMT. In the meantime, it was spotted that the rate respects the support of the 100-hour simple moving average and the weekly R1 simple pivot point at 1.1417. FOMC Meeting
At mid-day on Wednesday, the yellow metal pierced technical resistance at 1,722.00 and immediately reached for the 1,725.00 level. Moreover, the metal no longer had any technical resistance as high as 1,773.62. However, it does not mean that a surge is about to occur, as a major Federal Reserve is scheduled for 18:00 GMT. Economic Calendar Analysis At 18:00 GMT the US Federal
On Wednesday morning, the decline of the USD/JPY reached the monthly simple pivot point at 107.30. Future forecasts were based upon what would happen at the pivot point. Economic Calendar At 18:00 GMT the US Federal Reserve is scheduled to make a rate announcement and FOMC Statement. Prior to that, a minor reaction could be caused by the US CPI at 12:30 GMT. In
The support of the 100-hour simple moving average and the 61.80% Fibonacci retracement level caused a surge on Tuesday. The surge reached the resistance of the 1.2750 level and after a second attempt passed it. On Wednesday morning, the 1.2750 exchange rate level was already providing support to the GBP/USD. Economic Calendar At 18:00 GMT the US Federal Reserve is scheduled to
The support of the monthly R1 at the 1.1246 level managed to hold on Tuesday. This caused a surge, which passed the resistance of the 55 and 100-hour simple moving averages. By the middle of Wednesday's GMT trading, it was expected that the rate would once again test the monthly R2 simple pivot point at 1.1385. This scenario was described as
The recovery of the yellow metal's price continued to recover on Tuesday. During the recovery, it passed the resistance of the 55 and 100-hour simple moving averages and the 1,700.00 mark. Economic Calendar Analysis During the week, the action on the economic calendars will start and most likely end on Wednesday. At 18:00 GMT the US Federal Reserve is scheduled to make
The decline of the USD/JPY currency exchange rate has continued, as by the middle of Tuesday's GMT trading hours the rate had touched the 107.80 mark. In regards to the near term future, it appeared on Tuesday that the rate could consolidate and afterwards resume the decline. Economic Calendar During the week, the action on the economic calendars will start and most
Despite the support of the 55-hour SMA forcing the rate into testing the 1.2750 level, the rate eventually declined. On Tuesday, the rate had reached back below the 1.2650 exchange rate level. Economic Calendar During the week, the action on the economic calendars will start and most likely end on Wednesday. At 18:00 GMT the US Federal Reserve is scheduled to make