Instead of trading sideways, the EUR/USD reached new heights and broke technical resistance levels. On Wednesday, the rate reached the 1.2300 level and was expected to reach even higher. A potential surge of the rate could reach for the resistance of the weekly R2 simple pivot point at 1.2323. Economic Calendar Analysis The first week of the year is bound to have notable
A new high level has been reached by the DUK+/EUR currency exchange rate, as the pair has touched the 2.4700 level. In regards to the near term future, the pair was expected to remain in the 2.3000/2.4700 zone. The zone's borders were made up of notable buy and sell order clusters. Daily Candle Chart On the daily candle chart, as it was
After two tests to pass the resistance zone that starts near the 1,900.00 level, the yellow metal's price retreated on Monday to the support of the 200-hour simple moving average. Since the late hours of Monday's trading up to the start of Tuesday's US trading, the commodity price was kept up by the 200-hour SMA. Economic Calendar Analysis On Thursday, at 13:30 GMT,
The resistance zone of 103.70 was passed and the rate immediately reached the December 17 and 21 high level of 103.90. However, this level held and caused a decline. By the start of the US trading hours, the rate had found support in the 100-hour SMA at 103.60 and was headed back to the 103.90 level. Economic Calendar On Thursday, at 13:30
The GBP/USD currency exchange rate declined below the support of the 100 and 200-hour SMAs, the weekly simple pivot point, a lower trend line of a channel down pattern and a 61.80% Fibonacci retracement level. By the middle of Tuesday's GMT trading hours, the rate had returned to trade near the 1.3500 level. Due to that reason, it could
On Tuesday morning, the EUR/USD passed the resistance of the 1.2250 level. However, it did not result in a surge, as the rate still faced the resistance of December high levels and the weekly R1 simple pivot point at 1.2262. In regards to the near term future, the rate was likely set to trade sideways until it is approached by additional
At midnight to Monday GMT hours, the yellow metal made an attempt to pass the resistance zone that starts below the 1,900.00 level. The price's attempt to surge was stopped by the 1,900.00 level's psychological resistance. It resulted in a decline to the 200-hour SMA, which has kept the price up since December 16. By the start of US trading hours,
At mid-day on Monday, the USD/JPY was testing the resistance of the zone near the 103.70 level. Future forecasts were based upon whether or not this level holds. In the meantime, note that the rate had pierced the support of three hourly simple moving averages and a supporting trend line. Economic Calendar On Thursday, at 13:30 GMT, the US Jobless Claims could
On Monday morning, the GBP/USD passed the support of the channel up patter, which captures the rate's surge that has been ongoing since December 21. By the middle of the day's European trading hours, the rate had found support in the 100 and 200-hour SMAs and revealed a small size channel down pattern. Economic Calendar On Thursday, at 13:30 GMT, the US
The EUR/USD has broken the resistance of the descending trend line, which kept the rate down since December 17. However, the surge ended at the resistance of the 1.2250 mark. The near term future, was dependant on what would happen at the round exchange rate level. Economic Calendar Analysis On Thursday, at 13:30 GMT, the US Jobless Claims could cause a minor move
As it was expected, due to the rate passing the support of the 100-hour SMA, the rate reached the combined support of the 23.60% Fibonacci retracement level and the 200-hour simple moving average. On Wednesday, the rate was recovering from the support of these levels and could soon approach the resistance of the 55-hour SMA, which kept the metal down throughout
On Wednesday, the USD/JPY remained at the same level, where it was on Tuesday morning. However, the rate had made a sure upwards and bounced off the 103.65/103.70 zone. By looking more into it, it was discovered that this zone provided the rate with support at the end of November and the start of December. In addition, it was
On Wednesday, the recent low and high levels that were caused by EU and UK trade talks were used to set Fibonacci retracement levels. In the meantime, it was spotted that this week the rate has been trading in a wide channel up pattern. In the near term future, the rate was expected to trade sideways, as it faced strong
On Tuesday, the EUR/USD bounced off the resistance line that has kept it down since December 17 and declined. The decline eventually reached the support of the 1.2150 level, which was strengthened by the weekly S1 simple pivot point. In regards to the near term future, the rate could bounce between the 1.2150 mark and the mentioned resistance line until next
Since the middle of Monday's European trading hours, the yellow metal has traded between the 55 and 100-hour simple moving averages. The situation changed on Tuesday morning, as the rate passed the support of the 100-hour SMA. However, this did not result in the previously expected decline to the support of the 23.60% Fibonacci retracement level at 1,860.60 and the
During Monday's European noon trading hours, the USD/JPY passed the support of the weekly simple pivot point, a lower trend line of a channel up pattern and the 55 and 100-hour simple moving averages. However, this did not result in a sharp decline, as the rate began to trade sideways. Economic Calendar The week of Christmas is set to have an
Since Monday morning, the GBP/USD had recovered, as the rate reached back up to trade in the 1.3400/1.3500 zone. Previously, over the weekend there were statements made by one of the UK Ministers, which signalled that the UK would not back down from its position on trade with the EU. Moreover, the minister of health announced a new strain
The EUR/USD ended Monday's high volatile trading at the 1.2240 level, where it met with the resistance of a descending trend line. By the middle of the day's European trading hours, the currency exchange rate had declined and passed the support of three technical levels. Due to that reason, the minor decline was expected to continue. Economic Calendar Analysis The week of
As it was expected, as soon as the DUK+/EUR currency exchange rate ended its consolidation by retracing down, the rate resumed its surge and reached a new high level at 2.3820. However, after reaching this level a new retracement back down started. Clues in regards to where the decline would end could be found in the information about the set
After reaching above the 1,905.00 mark, the yellow metal's price plummeted on Monday morning, as it reached back to the support of the 200-hour simple moving average at 1,855.58. From that level, the rate retraced back up to trade between the support of the 100-hour SMA and the resistance of the 55-hour SMA. Future forecasts were based upon which of the
The USD/JPY has continued to recover, as the rate reached the 103.80 mark on Monday morning. However, the touching of a new high level was followed by a decline back to the support levels near 103.40. In the meantime, a channel up pattern was added to the currency exchange rate, which represents the rate's recovery from the 103.00 mark. Economic Calendar The
The GBP/USD started the week with a gap down and a following decline to the 1.3200 level. The move was attributed to the UK and EU failing to negotiate trade and troubles with the coronavirus. Namely, over the weekend there were statements made by one of the UK Ministers, which signalled that the UK would not back down from its
The EUR/USD started the week's trading with a 100 base point volatility between 1.2130 and 1.2230. In the meantime, it appeared that the rate was ignoring technical levels. It occurred due to the fact that major fundamental events were going on. Namely, the EU and UK trade talks impacted the Euro. Meanwhile, a $900 billion stimulus package was set to be
The XAU/USD exchange rate touched the 1,895.00 level. In general, the metal's price was expected to test the resistance of the 1,900.00 level, which could force the rate into a consolidation by either trading sideways or retracing back down. Economic Calendar Analysis There are no more notable events for the metal this week. However, during Thursday's trading hours the next week's event