On Friday, the USD/JPY traded with high volatility, as it dropped below the 107.20 level and afterwards recovered to 107.80. In regards to the near term future, the pair had passed the resistance of hourly SMAs and a weekly pivot point at 107.64. Economic Calendar Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the
On Monday, the GBP/USD currency exchange rate was testing the resistance of a channel up pattern. In the meantime, the rate was supported by the 1.2380 level. Future forecasts were based upon, which of the two mentioned levels would get passed. Economic Calendar Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute
The EUR/USD is trading sideways, as it awaits the support of the hourly simple moving averages. The SMAs should signal that the pair is no longer overbought. In regards to the near term future, if the pair passes the 1.1150 mark, it could reach for the 1.1200 level. Economic Calendar Analysis Traditionally, the first week of the month is busy on the economic
Yesterday, the XAU/USD exchange rate consolidated in the 1,720.00 area. Given that the rate is still squeezed by 55- and 200-hour SMAs, it is likely that the rate could consolidate. Economic Calendar Analysis Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute for Supply Management will release the US ISM Manufacturing PMI survey results
During Friday morning, the USD/JPY currency pair breached the short-term ascending channel south and dropped to the weekly S1 at 107.12. It is likely that the pair could consolidate near the given support in the short run. Economic Calendar Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute for Supply Management will
The GBP/USD exchange rate continued to trade within the medium-term ascending channel. During today's morning, the rate touched the 1.2360 level. Economic Calendar Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute for Supply Management will release the US ISM Manufacturing PMI survey results at 14:00 GMT. On Wednesday, June 3, two macroeconomic events
The EUR/USD currency pair breach the medium-term ascending channel north. It is likely that the pair could gain support from the weekly R2 and monthly R1 and trade upwards in the short run. Economic Calendar Analysis Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute for Supply Management will release the US ISM Manufacturing
The XAU/USD exchange rate touched the 1,700.00 level and reversed north. Given that the rate is squeezed by 55- and 200-hour SMAs, it is likely that the rate could consolidate. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. Today, a group of various US data sets will be published at 12:30 GMT. 25.05-29.05 Event Historical Reactions XAU/USD
Yesterday, the USD/JPY currency pair reached the upper boundary of the short-term ascending channel. From a theoretical point of view, it is likely that some downside potential could prevail, as the pair should reach the lower channel line. Economic Calendar This week, there is one notable time to watch the economic calendar. Today, a group of various US data
The GBP/USD exchange rate revealed a medium-term ascending channel. From a theoretical perspective, it is likely that some upside potential could prevail in the market. Economic Calendar This week, there is one notable time to watch the economic calendar. Today, a group of various US data sets will be published at 12:30 GMT. Each one of these data sets on their own
The EUR/USD currency pair has revealed a medium-term ascending channel. The pair could gain support from the 55-hour SMA and trade upwards in the nearest future. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. Today, a group of various US data sets will be published at 12:30 GMT. Each one of these data sets on their
On Wednesday morning, the XAU/USD exchange rate declined below 1,710.00. It is likely that yellow metal could consolidate against the US Dollar in the short run. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. 25.05-29.05 Event Historical Reactions XAU/USD short-term forecast Yesterday, the
The USD/JPY currency pair revealed a short-term ascending channel. From a theoretical point of view, it is likely that some upside potential could prevail in the market. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each one of these data
During Wednesday morning, the GBP/USD exchange rate reversed north from the support from the weekly R1 and the monthly S1 at 1.2290. It is likely that some upside potential could prevail in the market. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be
During Wednesday morning, the EUR/USD currency pair pierced the weekly R1 at 1.1010. Theoretically, it is likely that a reversal south could occur, as the pair could enter the overbought area. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each one of
On Tuesday morning, the XAU/USD exchange rate breached the rising wedge pattern south. It is likely that the rate could gain support from the psychological level at 1,720.00 and trade sideways. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. 25.05-29.05 Event Historical
Despite having no resistance, the USD/JPY currency pair failed to exceed 107.90. On Tuesday morning, the pair was testing the support formed by the 55- and 100-hour SMAs, as well the weekly and monthly PPs. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be
During Tuesday morning, the GBP/USD exchange rate skyrocketed to the 1.2320 level. Theoretically, it is likely that the rate could gain support from the weekly R1 and the monthly S1 at 1.2290. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each one
During Tuesday morning, the EUR/USD currency pair skyrocketed to 1.0960. Given that the pair is supported by the 100-hour SMA, it is likely that some upside potential could prevail in the market. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each
On Monday morning, the XAU/USD exchange rate pierced the lower line of the rising wedge pattern. Given that yellow metal is pressured by the 55-, 100- and 200-hour moving averages, it is likely that a breakout south could occur in the nearest future. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. At 12:30 on
Despite having no resistance, the USD/JPY currency pair managed to raise to 107.70. On Monday morning, the pair consolidated at the given level. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each one of these data sets on their own can
Since Friday, the GBP/USD exchange rate has been trading sideways in the 1.2180. Given that the rate is pressured by the 55-, 100- and 200-hour SMAs, it is likely that some downside potential could prevail in the market. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US
The EUR/USD currency pair failed to surpass the support formed by the Fibo 23.60% and the 200-hour SMA at 1.0890. It is likely that the pair could consolidate within the following trading session. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each
The yellow metal's price bounced off the supporting trend line of a rising wedge pattern. By the middle of Friday's London trading hours, the pair had broken the resistance of the 200-hour SMA below 1,730.00 and reached the 55 and 100-hour SMAs near 1,740.00. Economic Calendar Analysis Next week, there is one notable time to watch the economic calendar. At 12:30 on