The sharp recovery of the yellow metal's price turned into a sharp decline, as the price touched the 1,785.00 level. The following decline ended at GMT midnight to Wednesday. During these recent moves a channel up pattern was revealed. The pattern can be drawn by connecting the October 18, 19 and 20 low levels and setting the parallel line at
After touching the 114.70 level, the USD/JPY currency exchange rate began a decline. On Wednesday morning, the pair found support in the 55-hour simple moving average near 114.30. The event resulted in an apparent recovery of the USD/JPY, which could once again test the resistance of the 114.70 mark. Economic Calendar On Thursday, at 12:30 GMT the weekly US Unemployment Claims
On Tuesday, the GBP/USD surged and reached the resistance of the weekly R1 simple pivot point at the 1.3830 level. The pivot point's resistance held and caused a decline. By the middle of Wednesday's European trading hours, the decline had passed the support of the 55-hour SMA at 1.3769 and was heading to the 1.3750 mark. Economic Calendar On Thursday, at 12:30
On Tuesday, the EUR/USD failed to surge, as the 1.1670 appeared to have provided the rate with resistance, which caused a decline. By the middle of Wednesday's trading, the pair had reached the last week's high level zone, which provided support. Economic Calendar Analysis On Thursday, at 12:30 GMT the weekly US Unemployment Claims might cause a minor USD move.
The rate traded near the 1,765.00 mark throughout Monday. At GMT midnight to Tuesday, the price of gold started a surge. Namely, by 09:30 GMT, the bullion had already almost reached the 1,785.00 level. During the surge, the resistance of the 55, 100 and 200-hour simple moving averages was ignored. Economic Calendar Analysis On Thursday, at 12:30 GMT the weekly US Unemployment
The rate has ended trading between the 114.00 and 114.50 levels by declining below the 114.00 mark. However, the USD/JPY almost immediately stopped at the support of the 100-hour simple moving average at 113.90. Economic Calendar On Thursday, at 12:30 GMT the weekly US Unemployment Claims might cause a minor USD move. The claims have moved the rate from 5.9 to
The GBP/USD passed the support of the channel up pattern. However, as the rate approached the 55-hour simple moving average and the 1.3710 level, a recovery began. By the start of Tuesday's European trading hours, the pair had almost reached the 1.3800 mark. Economic Calendar On Wednesday morning, at 06:00 GMT, the UK Consumer Price Index will be published. Later on,
The 200-hour simple moving average's support held, and the EUR/USD began a surge. The surge managed to break the resistance of the high level zone near 1.1620 and the weekly R1 simple pivot point at 1.1644. During the early hours of Tuesday's trading, the rate had reached the 1.1660 level. Meanwhile, it was spotted that traders had closed a portion
On Monday morning, the slowed down decline of the yellow metal's price reached below the support of the 200-hour simple moving average. The SMA had kept the pair up together with the 1,765.00 mark since early Friday's trading hours. Economic Calendar Analysis XAU/USD short-term forecast If the metal's price declines, it could reach the support of the October low level zone of
Since the middle of Friday's GMT trading hours, the USD/JPY has fluctuated between the 114.00 and 114.50 levels. On Monday morning, the pair was being approached by the 55-hour simple moving average. Economic Calendar USD/JPY short-term review If the 55-hour SMA provides the USD/JPY with support, a surge could begin. A surge might aim at the resistance of the 115.00 level
The GBP/USD rate retreated on Monday morning to the support of the lower trend line of a channel up pattern, which has guided the pair since October 12. Future forecasts were based upon whether or not the support holds. Economic Calendar GBP/USD short-term review In the case of a passing of the support of the channel up pattern, the GBP/USD might find
On Monday morning, the EUR/USD appeared to be looking for support, as it found short term support in the weekly simple pivot point at 1.1584 and the 200-hour simple moving average at 1.1571. Near term forecasts were based upon whether or not the support levels hold. Economic Calendar Analysis On Friday, starting from 07:15 GMT to 08:00 GMT, the EUR/USD
The recovery of the yellow metal on Thursday stopped at the 1,765.00 level. Since the encounter of the resistance, the price has been trading sideways in the 1,750.00/1,765.00 zone. Economic Calendar Analysis On Friday, at 12:30 GMT, the US employment data sets will be out. Namely, the Average Hourly Earnings change, the Non-Farm Employment Change and the monthly Unemployment Rate are bound
At midnight to Friday, the USD/JPY currency exchange rate passed the October 6 high level near 111.80. On Friday morning, the currency exchange rate had almost reached the 112.00 mark. Note that the zone above the 112.00 level at 112.05/112.10 might once again act as resistance, as it did on September 29 and 30. Economic Calendar On Friday, at 12:30 GMT,
On Thursday, the GBP/USD bounced off the week's high level zone at 1.3640/1.3650. On Friday morning, the rate was looking for support in the 55 and 100-hour simple moving averages at 1.3600. Economic Calendar On Friday, at 12:30 GMT, the US employment data sets will be out. Namely, the Average Hourly Earnings change, the Non-Farm Employment Change and the monthly
The recovery of the EUR/USD found resistance on Thursday in the 55-hour simple moving average. On Friday morning, the rate was being pushed down by the SMA into the support of the weekly S1 simple pivot point at 1.1532. Economic Calendar Analysis On Friday, at 12:30 GMT, the US employment data sets will be out. Namely, the Average Hourly Earnings
The yellow metal's price shortly pierced the previous weekly low levels before starting another recovery. During the early Thursday's European trading hours, the bullion appeared to be once again heading to the 1,770.00 level. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims at 12:30 GMT might cause a minor move in the USD. On Friday, at 12:30 GMT, the US
On Wednesday, the USD/JPY declined and found support in the combination of the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point at 111.23/111.29. The support zone held and caused a retracement to the 111.50 mark. On Thursday morning, the 111.50 eventually forced the rate into a decline to the combination of the 100-hour SMA and
On Wednesday, the GBP/USD passed one support level after another. During the day, all of the technical support levels were passed and the last one of them, the 100-hour simple moving average, was pierced. However, this did not result in a decline, as the combination of the 100-hour SMA and the 1.3550 eventually held and caused a recovery. By the
The EUR/USD currency exchange rate found support in the weekly S1 simple pivot point at 1.1532. The pivot point held and reversed the rate. On Thursday morning, the following surge appeared to be heading to the resistance of the 55 and 100-hour simple moving averages at 1.1578 and 1.1589. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims at
On Wednesday morning, the yellow metal's price had reached the support zone of this week's low levels near the 1,750.00 level. In addition, the price had reached below the 55, 100 and 200-hour simple moving averages. Economic Calendar Analysis On Wednesday, the ADP Non-Farm Employment Change at 12:15 GMT might cause USD volatility. On Thursday, the weekly US Unemployment Claims at 12:30
The USD/JPY has recovered, as it found support in the 110.82/110.90 zone. The following surge passed the resistance of the 55, 100 and 200-hour simple moving averages. On Wednesday morning, the rate had reached the 111.80 level. Economic Calendar On Wednesday, the ADP Non-Farm Employment Change at 12:15 GMT might cause USD volatility. The pair has moved from 8.4 up
The GBP/USD currency exchange rate declined on Wednesday morning below the 55 and 200-hour simple moving averages. The rate was testing the support zone of the 1.3575/1.3595 levels. Economic Calendar On Wednesday, the ADP Non-Farm Employment Change at 12:15 GMT might cause USD volatility. The pair has moved from 12.5 up to 18.3 pips on the release since May
On Wednesday morning, the EUR/USD was heading to the support of the September 30 low level at 1.1563/1.1568. Future forecasts were based upon whether or not the support zone holds. Economic Calendar Analysis On Wednesday, the ADP Non-Farm Employment Change at 12:15 GMT might cause USD volatility. The pair has moved from 9.8 up to 15.0 pips on the release