The recovery of the EUR/USD has reached the resistance of the technical levels that are spread out from 1.1597 to 1.1616. At mid-day on Tuesday, the rate was finding resistance in the 100-hour simple moving average at 1.1610. Economic Calendar Analysis On Wednesday, at 12:15 GMT the US ADP Non-Farm Employment Change could cause a minor USD move. The EUR/USD has reacted
On Friday, the yellow metal's price plunged to the 1,772.35 level, before starting to recover. On Monday, the recovery of the price had retraced to the 1,790.00 level and the previously passed support line of the last week's low levels. Economic Calendar Analysis On Monday, the US ISM Manufacturing PMI will be published at 14:00 GMT. On Wednesday, at 12:15 GMT the
The USD/JPY currency exchange rate continued to surge throughout Friday. The surge extended into Monday. However, during the early hours of the day's trading, the pair found resistance in the mid-October high level zone at 114.44/114.47. Economic Calendar On Monday, the US ISM Manufacturing PMI will be published at 14:00 GMT. The rate has moved from 9.3 to 19.1 pips on
The GBP/USD broke the channel up pattern at mid-day on Friday. The event resulted in a sharp decline to the 1.3670 level. Afterwards, a short lived recovery found resistance in the 1.3700 mark. By the middle of Monday's European trading hours, the pair had reached the 1.3650 level. Economic Calendar On Monday, the US ISM Manufacturing PMI will be published at
The EUR/USD currency exchange rate started a decline on Friday morning, which received a major boost at 08:00 GMT. At that time, the German Preliminary GDP was released. The data revealed that GDP of Germany had increased by 1.8% instead of the forecast 2.2%. The news fueled a decline, which eventually reached the 1.1535 level. On Monday morning, the rate
On Thursday, volatility was caused by the release of the US Advance GDP. During the volatility, the price for gold once again confirmed the 1,810.00 level as a resistance level. The following decline passed the 55 and 100-hour simple moving averages. By mid-Friday, the price had almost reached the 200-hour SMA at 1,790.20. Economic Calendar Analysis On Monday, the US ISM Manufacturing
Despite piercing the support of the 113.40 level on Thursday, the USD/JPY did not extend the decline. Instead, the pair found support at 113.25 and recovered. At mid-day on Friday, the rate had retraced to the 100-hour simple moving average at 113.79. Economic Calendar On Monday, the US ISM Manufacturing PMI will be published at 14:00 GMT. The rate has moved
The worse than forecast US Advance GDP data on Thursday caused a surge of the GBP/USD currency exchange rate. Due to the surge, the rate reached 1.3815, as it surged 85 pips. In the aftermath of the jump of the pair, the GBP/USD has been declining. At mid-day on Friday, the rate was finding support in technical levels in
The EUR/USD ended trading sideways in the range between the 1.1585/1.1590 and 1.1618/1.1625 zones. The rate ended it due to the release of the worse than forecast US Advance GDP data. The GDP caused a 110 pip jump up to the 1.1693 level. During the fundamental surge not only technical levels, but also the previous October high levels were passed.
On October 20, the DUK+/EUR currency exchange rate shortly traded above the 2.5100 mark before declining below it. Since then, the deals have been occurring in the 2.0750/2.5100 zone, as some sellers decide to sell below the 2.5100 mark, starting from which a low liquidity fee is being applied. Previously, the rate stood at the 2.5100 level, as at that level
The price of gold found enough support in the 200-hour simple moving average to surge and pass the 1,800.00 level together with the 55 and 100-hour simple moving averages, which strengthened the round price level. On Thursday morning, the price was testing the resistance of the 1,805.00 level. Economic Calendar Analysis At 12:30 GMT, on Thursday, the US Advance GDP is expected
The USD/JPY has confirmed once again that the 113.40 level and the zone above it can provide support. Namely, the pair bounced off the support level on Wednesday and retraced to the resistance levels near 113.90. Near the 113.90 mark, the pair found resistance in the combination of the 55 and 100-hour simple moving averages Economic Calendar At 12:30 GMT, on
On Wednesday, the GBP/USD found support at 1.3710 and started a recovery. By the middle of Thursday's trading hours, the GBP/USD had reached the 1.3770 level. From 1.3760 up to 1.3777, the pair faced the resistance of the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point. Economic Calendar At 12:30 GMT, on Thursday, the US Advance
Since the decline on October 25, the EUR/USD has continued to trade in range between the support of the 1.1585/1.1590 zone and the resistance of the 1.1618/1.1625 zone. Meanwhile, it has been spotted throughout the week that the hourly simple moving averages from time to time manage to impact the direction of the currency exchange rate. Economic Calendar Analysis On
On Tuesday, the decline of the yellow metal's price reached the support of the 200-hour simple moving average and pierced it. However, after piercing the SMA, the price recovered to the 1,705.00 level. On Wednesday, the rate once again found support in the 200-hour simple moving average near 1,785.00. Economic Calendar Analysis At 12:30 GMT, on Thursday, the US Advance GDP is expected
The recovery of the USD/JPY ended at the 114.30 level. The USD/JPY did not reach the resistance of the weekly R1 simple pivot point at 114.36, and started a decline. By the middle of Wednesday's European trading hours, the currency exchange rate had reached the 113.55 level. Economic Calendar At 12:30 GMT, on Thursday, the US Advance GDP is expected to
On Tuesday, the GBP/USD currency exchange rate bounced off the resistance of the weekly R1 simple pivot point and the 1.3830 mark. The following decline reached the 200-hour simple moving average near 1.3760 and began to trade around the moving average. However, on Wednesday morning, the 100-hour simple moving average provided resistance at 1.3780. The event resulted in a sharp
Since Monday, the EUR/USD has been testing the support of the 1.1585/1.1595 zone. In the meantime, it was spotted that on Tuesday and Wednesday the currency exchange rate failed to recover due to the resistance of the 55-hour simple moving averages. Economic Calendar Analysis On Thursday, the European Central Bank will publish the Eurozone's Main Refinancing Rate at 11:45 GMT.
After testing the resistance of the 1,810.00 level, the price for gold began a decline on Tuesday. By 15:00 GMT, the decline had shortly traded below the 200-hour simple moving average near the 1,785.00 level. Meanwhile, the price had passed the supporting line of the previously broken channel up pattern. In addition, note that previous week's support levels have been marked
The medium scale decline of the USD/JPY from the 2017 November high level, which took place in a channel down pattern, appears to have ended. Namely, the currency exchange rate broke the resistance of the pattern, the 55, 100 and 200-hour simple moving averages, the weekly simple pivot point and the 114.00 mark, during the first half of Tuesday's
The GBP/USD fulfilled the first scenario described on Monday, as it broke the resistance of the 55 and 100-hour simple moving averages and jumped to the 1.3830 level and the weekly R1 simple pivot point at 1.3831. By the middle of Tuesday's trading hours, the pair had bounced off the 1.3830 mark and retreated to the 100-hour SMA at 1.3785. Economic
The EUR/USD has ended trading sideways in the range between the 1.1615/1.1625 and 1.1665/1.1670 zones. The rate ended the sideways trading by declining to the 1.1590 level. The 1.1590 level provided the pair with support that caused a retracement back to the 1.1615/1.1625 zone, which together with two hourly simple moving averages acted as a resistance. In the near term future,
On Friday, at 12:15 GMT, gold suddenly surged broke the channel up pattern and pierced the 1,800.00 level. The following surge stopped at the 1,812.60/1,814.20 zone. At 15:00 GMT, the yellow metal's price plummeted to the support of the broken channel pattern near 1,785.00. Economic Calendar Analysis On Wednesday, at 12:30 GMT, the US Durable Goods Orders and Core Durable Goods Orders
The USD/JPY currency exchange rate bounced off the resistance of the 55 and 100-hour simple moving averages on Friday morning. The event resulted in a decline, which reached the 113.40 level. The 113.40 mark provided support and caused a recovery to the 113.80 level. Economic Calendar On Wednesday, at 12:30 GMT, the US Durable Goods Orders and Core Durable Goods Orders