On Thursday morning, the GBP/USD exchange rate broke the weekly R1 at 1.2500. Given that the rate is supported by the 55-hour SMA, it is likely that some upside potential could prevail in the market. Economic Calendar On Friday, the US ISM Manufacturing PMI is scheduled to be published at 14:00 GMT. Next week's notable scheduled events are set to start on
The EUR/USD currency pair remains to trade below the Fibonacci 23.60% retracement at 1.0886. Note that the pair is supported by the 55-, 100- and 200-hour moving averages. Thus, some upside potential could prevail in the market. Economic Calendar Analysis Today, note the US Unemployment Claims at 12:30 GMT. Moreover, the US ISM Manufacturing PMI is scheduled to be published on
On Wednesday, the yellow metal fluctuated between the 1,702.00 and 1,712.00 levels, where it was influenced by a monthly pivot point and hourly simple moving averages. In general, the price was consolidating before a break out up or down. Both scenarios were possible and traders would look for signals, which one becomes reality. Economic Calendar Analysis On Wednesday, at 18:00 GMT, the Federal
The decline of the USD/JPY has continued, as by the middle of Wednesday's GMT trading hours, the rate had reached the 106.40 mark. Near that level the rate met with the weekly S3 simple pivot point. Future forecasts were based upon whether the support of the 106.40 holds. Economic Calendar The week starts with the US Advance GDP release on Wednesday at
On Wednesday morning, the GBP/USD passed the support of the 1.2450 level and the 55-hour simple moving average near 1.2440. In the near term future, the rate was expected to test the 100 and 200-hour SMA support at 1.2400 before declining to a weekly pivot point at 1.2374. Economic Calendar This week starts with the US Advance GDP on Wednesday at
Previously, the 23.60% Fibonacci retracement level at the 1.0886 level held and caused a drop of the EUR/USD pair. The decline reached the support of the 1.0820 level and once again started a surge, which was expected to once again test the retracement level. Economic Calendar Analysis This week is set to start with the US Advance GDP on Wednesday at 12:30
Throughout the week up to April 28, the DUK+/EUR currency exchange rate traded near the 1.3500 mark. In the meantime, it was discovered that a large concentration of buy orders had appeared near 1.3000 and 1.2500 exchange levels. Daily Candle Chart On the daily candle chart it can be spotted that the exchange rate is ignoring the monthly simple pivot points.
By the middle of Tuesday's GMT trading hours, the yellow metal's price had reached back below the 1,700.00 level. However, after trading below the 1,700.00 mark, the rate began a recovery, which was expected to test resistance near 1,720.00 mark. Economic Calendar Analysis This week starts with the US Advance GDP release on Wednesday at 12:30 GMT. This is the first of
On Tuesday, the USD/JPY rate dropped to the 106.50 level. By doing this it passed the support of the 107.00 mark and a cluster of technical support levels at 106.85. In regards to the near term future, the rate was expected to reach the weekly S3 simple pivot point at 106.44. Economic Calendar The week starts with the US Advance GDP release
The GBP/USD jumped on Tuesday morning to the 1.2500 mark. At that level the rate met with the resistance of the simple weekly R1 pivot point. The future of the rate depended on whether or not the rate breaks the resistance of the pivot point. Economic Calendar This week starts with the US Advance GDP on Wednesday at 12:30 GMT. This
On Tuesday morning, the EUR/USD bounced off the support of two pivot points and two hourly simple moving averages. A surge followed this event. By mid-day, the rate had reached a 23.60% Fibonacci retracement level at 1.0886 Economic Calendar Analysis This week is set to start with the US Advance GDP on Wednesday at 12:30 GMT. This is the first of three
At the end of last week, the price for gold failed to reach the psychological level at 1,740.00. During Monday morning, the XAU/USD exchange rate consolidated in the 1,720.00 area. Economic Calendar Analysis This week starts with the US Advance GDP release on Wednesday at 12:30 GMT. This is the first of three types of US quarterly GDPs. The Advance release reveals the
On Friday, the USD/JPY currency pair tried to decline below the 107.40 level. During Monday morning, the pair broke the lower boundary of the short-term descending channel. Economic Calendar The week starts with the US Advance GDP release on Wednesday at 12:30 GMT. This is the first of three types of US quarterly GDPs. The Advance release reveals the first Gross Domestic
During Friday, the GBP/USD exchange rate consolidated in the 1.2350 area. During Monday morning, the rate extended gains and reached 1.2440. The rate could gain support from the 200-hour SMA, as well the Fibo 50.00% and trade upwards within the following trading hours. Economic Calendar This week starts with the US Advance GDP on Wednesday at 12:30 GMT. This
At the end of last week, the EUR/USD currency pair reversed north from the psychological level at 1.0740. Note that the pair remains to be under pressure of the 200-hour moving average. Thus, it is likely that a reversal south could occur in the nearest future. Economic Calendar Analysis This week is set to start with the US Advance GDP on
As expected, the yellow metal's price reached the March high level of 1,740.00. The historical high level provided resistance, which resulted in a decline to the 1,721.50 level. This level provided support to the price. On Friday, the rate traded sideways between 1,721.50 and 1,735.00. Economic Calendar Analysis This Friday, a notable reaction of above then pips could be created by the US
After finding support in the 107.40 mark on Thursday, the USD/JPY experienced a sharp fundamental surge, which reached above the 108.00 level. However, immediately afterwards, the pair returned to trade in the channel down pattern. On Friday morning, the rate was bouncing around between the support levels at 107.60 and the resistance of 107.70. Economic Calendar On Friday, a notable reaction of
After failing to pass the resistance of the 1.2400 level on Thursday, the GBP/USD declined. By Friday morning, the rate had almost reached the 1.2300 mark. In the meantime, the pair had passed all of the technical levels that were located between 1.2300 and 1.2400. Economic Calendar On Friday, a notable reaction of above then pips could be created by
The decline of the EUR/USD continued on Friday, as during the morning hours the rate passed the support of the 1.0760 level, which kept the rate up during Thursday. In regards to the near term future, the pair was expected to reach for the weekly S2 simple pivot point at 1.0715. The main reason for such assumption was not only the
During the late hours of Wednesday's trading, the yellow metal's price managed to pass the resistance of the 1,700.00 level and the pivot point at 1,704.29. This event resulted in a surge, which by the middle of Thursday's trading had almost reached the 1,730.00 level. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US Unemployment Claims are scheduled to be released. Most
Despite not declining on Wednesday, as forecast, the USD/JPY continued to trade in the recently discovered channel down pattern. By the middle of Thursday's trading, the upper trend line of the pattern had been tested six times. Economic Calendar On Thursday, at 12:30 GMT, the US Unemployment Claims are scheduled to be released. Most likely, the event would reveal another major
Since the middle of Wednesday's GMT trading hours, the GBP/USD has traded near the 1.2350 mark. In the meantime, it had been testing the resistance of the 55-hour SMA, which was broken on Thursday morning. Although, the breaking of the SMA did not result in a surge, as the rate was pressured by the resistance of the 100-hour SMA
A quite rare situation has occurred on the EUR/USD charts, as both previous forecast scenarios have become reality. Namely, the rate has surged to the 1.0886 level and declined to the 1.0820 mark. Initially, the pair surged to the 23.60% Fibo at 1.0886, from which it bounced off and declined as low as the 1.0805 level. In regards to the future,
On Wednesday, the metal's price returned to trade near the 1,700.00 mark. Namely, the rate shortly reached above the 1,705.00 level. In the case of the pair properly breaking the resistance of the 1,700.00 level, the pair could reach for the previous high level of 1,740.00. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US Unemployment Claims are scheduled to be released.