The price for Gold has continued to move higher after finding support in 2,160.00 last week. At the start of April, the price almost reached the 2,270.00 level, before selling started. However, the metal eventually found support at 2,225.00/2,230.00. By mid-Tuesday, the price was again testing the April high levels. Meanwhile, it has been spotted that the surge might have been
Despite shortly reaching above the 151.75/151.85 resistance zone last week, the USD/JPY did not extend the surge. Instead, fundamental events caused a decline to the support of the 151.00 level. Namely, the Bank of Japan revealed that it could intervene in the currency market, if the Yen continues to fall. Economic Calendar This week, the financial markets could react to United States
The GBP/USD continued to find support in the 1.2590/1.2610 range and resistance near 1.2640/1.2660 during the late part of March. However, on March 30, the US Dollar strengthened and caused a drop of the rate. The drop found support in the 1.2540 level and on April 2 a recovery started. Economic Calendar This week, the financial markets could react to United States
The pair has continued to decline, as it is pushed by the resistance of the 50 and 100-hour simple moving averages. Meanwhile, support continues to be found in a descending trend line. At the start of a new month, the trend line acted as support. Economic Calendar Analysis This week, the financial markets could react to United States macroeconomic events. On Wednesday,
On Friday, the price was finding support in the 2,161.40/2,164.90 zone. During the second part of the day's trading, the price passed below this zone. However, at 2,157.40 a rebound started. By mid-Monday, the price had recovered and traded above the 50, 100 and 200-hour simple moving averages near 2,175.00. Economic Calendar Analysis This week, the financial markets could react to a
In general, the situation and the analysis of the rate has not changed since Friday. The USD/JPY remains below the 152.00 mark, which is the 2022 high level. Meanwhile, support is found in the 151.00 and 150.50 levels. In addition, the 50 and 100-hour simple moving averages have been acting as support. Economic Calendar This week, the financial markets could react to
Despite moving below the 1.2590/1.2610 range, the GBP/USD did not extend the decline. Instead, buying started at 1.2580 and the pair managed to recover. By mid-Monday, the rate was approaching the 1.2650 level and the weekly simple pivot point at 1.2659. Economic Calendar This week, the financial markets could react to a couple of United States macroeconomic events. First of all, the
As expected, the EUR/USD has reached the 1.0800 mark. The round level acted as support and caused a recovery. By mid-Monday's trading, the rate was above the 50-hour simple moving average and the 1.0840 level. Economic Calendar Analysis This week, the financial markets could react to a couple of United States macroeconomic events. First of all, the publication of the US Final
We have marked historical support and resistance zones on the commodity price's charts. It can be observed that these ranges are still impacting the price. Most of the zones are close by a round price levels. On Friday, the price was finding support in the 2,161.40/2,164.90 zone. Economic Calendar Analysis There are no more notable events scheduled for this week. XAU/USD short-term forecast
The USD/JPY remains below the 152.00 mark, which is the 2022 high level. Meanwhile, support is found in the 151.00 and 150.50 levels. In addition, on Friday the 50-hour simple moving average was acting as support. Economic Calendar There are no more notable events scheduled for this week. USD/JPY hourly chart analysis A move above 152.00 could encounter resistance in the weekly R3 simple
The central bank announcements are over. It is clear that the GBP weakness dominates, as the rate is declining. On Friday, the pair passed below the major zone at 1.2590/1.2610. Meanwhile, we have observed that traders were 54% just after the Bank of England announcement. Then the decline occurred. On Friday, 50% of traders were short and 50% were in long
The volatility that was caused by fundamental events is over, as candles are smaller and the rate appears to have established a direction. The EUR/USD has declined, and by mid-Friday it appeared to be heading to the 1.0800 mark.Meanwhile, we have spotted that traders have closed their short positions and taken profits from the decline.Economic Calendar Analysis There are no more
The United States Federal Reserve announced its Federal Funds Rate. Markets expected the Fed to keep the base interest rate unchanged at 5.50%. The Fed has done exactly that. However, the US Dollar declined on the announcement, as the market participants must have seen this as a relief from possible rate hike. Namely, inflation has shown to be persistent in
The United States Federal Reserve announced its Federal Funds Rate. Markets expected the Fed to keep the base interest rate unchanged at 5.50%. The Fed has done exactly that. However, the US Dollar declined on the announcement, as the market participants must have seen this as a relief from possible rate hike. Namely, inflation has shown to be persistent in
The United States Federal Reserve announced its Federal Funds Rate. Markets expected the Fed to keep the base interest rate unchanged at 5.50%. The Fed has done exactly that. However, the US Dollar declined on the announcement, as the market participants must have seen this as a relief from possible rate hike. Namely, inflation has shown to be persistent in
The United States Federal Reserve announced its Federal Funds Rate. Markets expected the Fed to keep the base interest rate unchanged at 5.50%. The Fed has done exactly that. However, the US Dollar declined on the announcement, as the market participants must have seen this as a relief from possible rate hike. Namely, inflation has shown to be persistent in
The price for gold has traded below the 2,150.00/2,165.00 support range. However, it appears that he price is set to wait out near the 2,150.00 mark until the US Federal Reserve rate announcement and press conference. Meanwhile, some resistance is found in the 50, 100 and 200-hour simple moving averages near 2,155.00/2,165.00. Economic Calendar Analysis All of the financial markets will be
The rate is already reacting to central bank announcements. On Tuesday, the Bank of Japan ended eight years of negative interest rates by hiking to 0.10%. This is the first Japanese rate hike in 17 years. In theory, the rate hike should have strengthened the Japanese Yen. However, after a short lived move downwards, the USD/JPY surged and reached above
The decline of the GBP/UD has reached below the 1.2700 mark. However, it appears that the rate could soon consolidate. Namely, the traders who shorted the drop from 1.2900 to 1.2670 appear to be taking profits, which is causing a surge. Profits are being taken due to the upcoming US and UK central bank rate announcements. Despite market expectations, the two
After declining below 1.0900/1.0920 range, the EUR/USD returned to the range and confirmed it as resistance at mid-Monday. The event was followed up by a decline that during the first half of Tuesday had reached the 1.0840 level. In general, the pair could soon consolidate due to the upcoming United States Federal Reserve rate hike that is scheduled for late Wednesday.
The surge of gold did not reach the 2,200.00 mark. Instead, the metal has been consolidating between two notable ranges. First of all is the resistance of the 2,185.00/2,195.00 range. Most recently, the price has been finding support in the 2,150.00/2,165.00 zone. On Thursday, March 14, the price declined due to the publication of the US Producer Price Index. However, the
The USD/JPY has continued to face the resistance of the weekly simple pivot point at 148.03 and the 148.00 level. Meanwhile, support was found at various levels like hourly moving averages and the 147.00 and 147.50 levels. On March 14, the publication of the monthly US Producer Price Index provided the needed energy for a breaking of the weekly
The last week's surge of the pair ended at the 1.2900 mark. Actually, resistance was found at 1.2885/1.2895. In the aftermath of this event, the rate kept finding support in various levels like the lower trend line of the previously active channel up pattern, the 1.2800 and 1.2750 levels and the 1.2760/1.2775 range. However, the release of the US PPI on
Since the last review of the EUR/USD chart, the pair fluctuated between the support range at 1.0900/1.0920 and resistance of 1.0960 and 1.0980 levels. On Thursday, March 14, the US Producer Price Index data release caused a major surge of the US Dollar. The event resulted in the rate declining below 1.0900. US PPI causes Dollar surge Despite the US Consumer Price