The release of the US monthly employment data at 13:30 GMT on Friday increased volatility on all pairs and assets that involve the US Dollar. During the volatility, the currency pair pierced the resistance of the 1.3550/1.3560 zone. Economic Calendar There are no more notable events set for this week. Next week's review is scheduled for Monday. GBP/USD short-term review If the GBP/USD
On Friday, analysts connected the January high levels of the EUR/USD currency exchange rate to reveal a resistance line. Meanwhile, the December 29 and January 4 low levels form a support zone. The two technical drawings combined form a descending triangle pattern. In theory, the pattern should squeeze the rate in, as the resistance line would force the rate into the
At 19:00 GMT on Wednesday, the US Fed Meeting Minutes were released. The event revealed that the US monetary policy makers are more hawkish than though, as they are highly likely to hike USD interest rates. The price for gold reacted to the news by an initial sharp drop, which was followed up by a steep decline. In total, the
In the aftermath of the Fed Meeting Minute release, the USD/JPY currency exchange rate has revealed a resistance and support zones at 116.19/116.24 and 115.63/115.66. During late Thursday's trading, the support zone had once again held and the rate was approaching the 50-hour SMA near 115.95 and the 116.00 mark. Economic Calendar The most notable event of the week will be the US
The surge of the GBP/USD was testing the resistance of the 1.3600 mark, as the US Fed Meeting Minutes caused a drop back to the 1.3500 level. By late Thursday trading hours, the rate had recovered and made an attempt to pass the 1.3560 level, before retreating below 1.3550. Economic Calendar The most notable event of the week will be the
The EUR/USD was testing the resistance of the weekly simple pivot point at 1.1345, as the US Fed Meeting Minutes were released. A strengthening of the USD followed, which beat down the EUR/USD. The decline eventually stopped at the 1.1285 level, on Thursday morning. However, since then the rate has been looking for direction, as it ignores technical levels and
The DUK+/EUR exchange rate started the year with a sharp move upwards. If one looks at the asking price chart, the move occurred up to the 2.4900 mark, from which it bounced off and declined to the 2.0000 level. Meanwhile, bid chart showed that the price had touched the 2.1000 mark, before retreating to a bid order cluster near 1.7000. Asking price
The price for gold has been slowly surging, as after passing the resistance of the 50 and 100-hour simple moving averages the price traded close above them. In general, on Wednesday, Tuesday's forecasts remained intact. Economic Calendar Analysis The most notable event of the week will be the US and Canadian monthly employment data release on Friday at 13:30 GMT. However, some might
The USD/JPY booked a new five year high level at the weekly R3 simple pivot point at 116.35. The resistance of the pivot point held and caused a decline. By the middle of Wednesday's trading, the rate had retreated below the weekly R2 simple pivot point and the 50-hour simple moving average near 115.80. Economic Calendar The most notable event of the week
Starting from Tuesday up to the middle of Wednesday's trading, the resistance zone at 1.3550/1.3557 continued to hold, as the GBP/USD was making its third attempt at breaking it. Previous forecast scenarios remained unchanged. Economic Calendar The most notable event of the week will be the US and Canadian monthly employment data release on Friday at 13:30 GMT. However, some might argue
On Tuesday, the EUR/USD found support in the December 29 low level at 1.1275 and the 1.1280 mark. The following surge passed the resistance of the channel down pattern, which recently guided the pair down. In addition, the technical resistance of the 50, 100 and 200-hour simple moving averages and the weekly S1 simple pivot point were passed. By the middle
The support of the 1,800.00 mark provided enough support to the price of gold that an attempted second surge at mid-Tuesday passed the resistance of the 50, 100 and 200-hour simple moving averages at 1,815.30, 1811.00 and 1,808.25. Economic Calendar Analysis The most notable event of the week will be the US and Canadian monthly employment data release on Friday at 13:30
On Tuesday, the USD/JPY jumped, as it broke the resistance of the 115.40/115.50 zone. The surge reached above the five year high level of early 2017 near 115.80. By the start of US trading, the pair had already reached the resistance of the weekly R3 simple pivot point at 116.35. Economic Calendar The most notable event of the week will be the
On Tuesday, the GBP/USD surged and reached for the resistance of the December 31 high level at 1.3550. The rate reached the 1.3550 level in the aftermath of finding support in the 200-hour simple moving average near 1.3440. Economic Calendar The most notable event of the week will be the US and Canadian monthly employment data release on Friday at 13:30
At mid-day on Tuesday, the EUR/USD currency exchange rate traded below the 1.1300 mark, which had been passed during the drop that started with the start of 2022. Economic Calendar Analysis The most notable event of the week will be the US and Canadian monthly employment data release on Friday at 13:30 GMT. However, some might argue that the FOMC Meeting Minutes release
Late on December 22, the price for gold reached the 1,810.00 mark. Since then, the price has been fluctuating with high volatility sideways around the price level. Meanwhile, the hourly simple moving averages were catching up to the price from below. Economic Calendar Analysis The week before New Year's has no notable scheduled events. Expect the review of the first week of
The USD/JPY continued to surge, as it was pushed up by the 50-hour simple moving average. Meanwhile, the currency exchange rate remains in a channel up pattern, which had guided the pair since December 17. On December 27, the only close by resistance to the rate was the weekly R1 simple pivot point at 114.91. Economic Calendar The week before New Year's
Since the middle of December 23, the GBP/USD currency exchange rate has been trading sideways between the 1.3400 mark and a resistance zone above 1.3420. The sideways trading could be explained by the lack of direction caused by the holiday season. Economic Calendar The week before New Year's has no notable scheduled events. Expect the review of the first week of
Last week, the EUR/USD failed at two attempts to pass the resistance of the 1.1340 mark. On December 27, the currency pair was trading above the support of the weekly simple pivot point and the 200-hour simple moving average at 1.1300. Meanwhile, the currency pair was ignoring the support and resistance of the 50 and 100-hour simple moving averages. Economic Calendar Analysis The
The yellow metal's price found enough support in the 200-hour simple moving average to start a surge, which broke the 50 and 100-hour simple moving averages and the upper trend line of the channel down pattern. On Thursday, the price fluctuated around the 1,805.00 level, as it appeared to be consolidating. Economic Calendar Analysis On Thursday, at 13:30 GMT the US Durable
Despite reaching a new December high level and passing the resistance of the weekly R1 simple pivot point at 114.30, the USD/JPY currency exchange rate did not start a surge. Instead, the rate retraced below the technical levels and almost reached the 50-hour simple moving average, before returning to trade near the 114.30 level. Economic Calendar On Thursday, at 13:30 GMT the
It took the GBP/USD currency exchange rate 15 hours of testing resistance and trading flat below the previous December high level zone at 1.3365, before the high level failed. By the middle of Thursday's GMT trading, the pair had already reached the 1.3435 level. Moreover, the GBP faced no resistance against the USD as high as the 1.3468 level. Economic Calendar On
The EUR/USD broke out of the previous trading range to the upside. The surge ended at the 1.1340 mark, which served as resistance. By the middle of Thursday's trading, the pair had retreated and had almost reached the 1.1300 mark. Economic Calendar Analysis On Thursday, at 13:30 GMT the US Durable Goods Orders and Core Durable Goods orders data will be published.
The price for gold passed the support of the 100-hour simple moving average near 1,790.00 on Tuesday afternoon. However, the price almost immediately found support in the 200-hour simple moving average, which kept the rate up until the middle of Wednesday. At mid-day on Wednesday, the price was approached by the resistance of the 50-hour SMA. Economic Calendar Analysis On Wednesday,