The resistance zone at 1.0600/1.0607 held and the EUR/USD eventually passed below various support levels. During the early hours of Wednesday's trading, the pair had shortly traded below the 1.0500 mark. Meanwhile, resistance was found in the combination of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.0542. Economic Calendar Analysis The pair might react
The bounce off from the resistance of the descending trend line eventually reached the last week's low level zone at 1,816.90/1,823.50. Economic Calendar Analysis On Wednesday, note the Final US Quarterly GDP data. The data release might cause minor reactions on the chart. Later on the same day, at 13:00 GMT, the heads of the ECB, Bank of England and the Fed are
On Tuesday morning, the USD/JPY currency pair managed to reach above the resistance levels that surround the 135.50 level. By the middle of the day's European trading hours, the rate was heading to the weekly R1 simple pivot point at 136.49, the 136.50 mark and the June 21 and 22 high level zone at 136.60/136.70. Economic Calendar On Wednesday, note the Final
Despite reaching above the 1.2300 mark, the GBP/USD found resistance in a recent high level zone at 1.2315/1.2330. Meanwhile, support is being found in the 200-hour simple moving average and the weekly simple pivot point at the 1.2250 mark. Economic Calendar On Wednesday, note the Final US Quarterly GDP data. The data release might cause minor reactions on the chart. Later on the
At mid-day on Monday, the EUR/USD reached above the 1.0600/1.0607 zone. However, resistance was immediately encountered in the weekly R1 simple pivot point at 1.0616. During the first half of Tuesday's trading hours, the pair was fluctuating below the 1.0600 mark and the 1.0570 level. Meanwhile, the pair was being approached by the support of the 50-hour simple moving average. Economic
Since late hours of June 16 trading, the price for gold has been facing a descending resistance line. On Monday, the pair bounced off the resistance line and was looking for support in the hourly simple moving averages. Economic Calendar Analysis On Wednesday, note the Final US Quarterly GDP data. The data release might cause minor reactions on the chart. Later on the
The USD/JPY currency pair has been trading near the 135.00 mark since mid-Thursday. By the middle of Monday's trading hours, the exchange rate was testing the combined resistance of the weekly simple pivot point at 135.38 and the 100-hour simple moving average. Economic Calendar On Wednesday, note the Final US Quarterly GDP data. The data release might cause minor reactions on the
On Monday morning, the GBP/USD currency pair managed to reach above the resistance of the 1.2300 level. The surge occurred, as the rate found support in the combination of the 50 and 100-hour simple moving averages and the weekly simple pivot point near 1.2250. Economic Calendar On Wednesday, note the Final US Quarterly GDP data. The data release might cause minor reactions
The EUR/USD currency pair remains below the 1.0600 mark. Note that there is a resistance zone at 1.0600/1.0607. Meanwhile, technical support is located at 1.0535/1.0542. At that zone, the 50 and 100-hour simple moving averages, the weekly simple pivot point and a support trend line are located at. Economic Calendar Analysis On Wednesday, note the German Consumer Price Index data and the
The price for gold managed to surge during the mid-day hours of Thursday. The surge of the metal occurred due to the decline of the US Dollar, which was created by the strengthening of various European currencies, as their respective central banks hiked interest rates. The surge eventually settled in the 1,840.00/1,860.00 zone. Economic Calendar Analysis During the week, it is highly
A major surge has occurred on the USD/JPY charts. Most of the surge is attributed to the Bank of Japan beating down the value of the Japanese Yen. The central bank announced that it would continue its monetary easing policy despite other banks hiking interest rates. The surge resulted in the rate reaching the 135.00 mark during the first half of
The surge of the GBP/USD eventually found resistance in the 1.2400 mark and the weekly simple pivot point. The resistance was strong enough to cause a decline to the 1.2250 level, which acted as support during the early hours of Friday's trading. The high volatility ended on Thursday, as the GBP/USD pair fluctuated around the 1.2250 mark. Economic Calendar Note the UK
The EUR/USD managed to surge through the resistance of the 1.0500 mark and eventually reached the combined resistance of the 1.0600 mark and the weekly simple pivot point at 1.0598. The resistance held and by the middle of Friday's trading, the rate had retraced down and found support in the 1.0500 mark. Economic Calendar Analysis During the week, the rate might react
Except the volatility caused by the Federal Reserve and Swiss National Bank, the price for gold has not moved. Namely, the metal has traded between 1,815.00 and 1,835.00 since the middle of Wednesday European trading hours. Economic Calendar Analysis This week's notable events are over. XAU/USD short-term forecast If the metal surges above 1,835.00, the 1,840.00 level and the 200-hour simple moving
The USD/JPY currency exchange rate has plummeted, as the markets have taken in the Federal Reserve rate hike and new macroeconomic information that impacts the US Dollar. On Thursday, the pair traded near the 132.50 level. Economic Calendar On Friday, the top event for the Japanese Yen is set to occur. However, no pre-set time is available for the event. Namely, the
In the past 24 hours, the US Federal Reserve hiked 75 base points and the Bank of England hiked its interest rate by 25 points. First of all note the high volatility candles around the events at 18:00 and 12:00 GMT. Secondly, in theory, as the Fed surprises with a larger than expected hike and Bank of England did as
Prior to the Federal Reserve hiking interest rates, the EUR/USD reached below the 1.0400 mark. The press conference held by the Fed caused a surge, as Jerome Powell made initially reassuring comments. However, by the middle of Thursday's trading, the pair was once again below the 1.0400 level. Moreover, the pair was ignoring the support and resistance of the rate
The price for gold once again tested the support of the zone below 1,810.00 level during late Tuesday's trading hours. By the middle of Wednesday's trading, the price had recovered and returned to 1,835.00. Meanwhile, on Wednesday, the markets were awaiting the US Federal Reserve rate hike at 18:00 GMT, which is set to reveal the future direction of the US
The USD/JPY pair hit the 135.50 mark and shortly traded above it during the midnight hours to Wednesday. However, since the event, the pair has been declining as by the middle of the day's trading the pair was located at the 134.50 mark and was looking for support near that level. Prior to analysing the technical chart, note that the Federal
The GBP/USD rate found support in the 1.1940 level, which is 20 base points below the 2019 low level at 1.1960. The event was followed by a surge of the Pound against the US Dollar, which by the middle of the day's European trading hours had reached above the 1.2100 mark and the technical levels, which strengthened it. Above all note
The support of the 1.0400 mark eventually was enough to cause a move of the EUR/USD up to the resistance zone, which surrounds the 1.0500 mark. Meanwhile, on Wednesday, the markets were awaiting the US Federal Reserve rate hike at 18:00 GMT, which is set to reveal the future direction of the US Dollar. Note that the publication and the follow
The price for gold eventually reached below the 1,825.00/1,830.00 zone. However, by the end of Monday's trading the pair had found support in the 1,810.00 mark and recovered to 1,830.00. Economic Calendar Analysis On Wednesday, the US Retail Sales and Core Retail Sales is bound to impact the USD value at 12:30 GMT. The top event of the month is scheduled for Wednesday's
The USD/JPY currency pair has retreated below the supporting trend line, which guided it since May 23. However, despite the move below support levels, the rate was making attempts at surging during the Tuesday's early trading hours. Economic Calendar On Wednesday, the US Retail Sales and Core Retail Sales is bound to impact the USD value at 12:30 GMT. The top event of
On Tuesday morning, the GBP/USD decline consolidated by retracing back up to the combined resistance of the weekly S1 simple pivot point and the 1.2200 mark. Afterwards, the rate resumed its decline, as before mid-day the pair was already back at the weekly S2 simple pivot point at 1.2100. Economic Calendar On Wednesday, the US Retail Sales and Core Retail Sales is