The 1.2350 level managed to provide enough resistance to the EUR/USD for it to decline. Eventually, after two attempts to pass the resistance, on Thursday morning, the rate plummeted to the 1.2250 level. During the drop, the rate passed the support of the hourly simple moving averages and the weekly R1 simple pivot point. Economic Calendar Analysis On Wednesday, the FOMC Meeting Minutes
The resistance zone of 1,953/1,965.70 held out since the middle of Tuesday. At mid-day on Wednesday, the resistance caused a drop, which retraced back down to the 1,930.00 level. In the meantime, the support of the hourly simple moving averages had approached the commodity price. Economic Calendar Analysis On Wednesday, the FOMC Meeting Minutes are set to be released at 19:00 GMT. On
In the aftermath of touching the 102.60 level, the USD/JPY recovered on Wednesday morning. By the middle of the day, the rate was testing technical resistance levels near 102.80/102.90. Future forecasts depended on whether or not the technical levels and the 103.00 mark provide resistance. Economic Calendar On Wednesday, the FOMC Meeting Minutes are set to be released at 19:00 GMT. Expect
The GBP/USD ended trading sideways and surged. By the middle of Wednesday's GMT trading hours, the currency exchange rate had reached the 1.3660 level. During the surge, the rate passed the resistance of the 55 and 100-hour SMAs and no longer had technical resistance. Due to that reason, the pair could test the round exchange rate level of 1.3700. Economic Calendar On
On Wednesday morning, the EUR/USD managed to break the resistance of the 1.2310 level. It resulted in a surge to the 1.2350 mark. In regards to the near term future, the currency exchange rate was expected to continue its surge. Economic Calendar Analysis On Wednesday, the FOMC Meeting Minutes are set to be released at 19:00 GMT. Expect a minor move from
The resistance of the 1,935.00 level failed on Monday. Moreover, by the middle of Tuesday's trading, the rate had confirmed the level as support and started a surge. The surge was expected to test the November high levels, which were located from 1,953.00 to 1,965.70. Economic Calendar Analysis The first week of the year is bound to have notable data releases. The top
After touching the 102.70 level on Monday, the USD/JPY currency exchange rate retraced to the 103.20 level, which provided resistance. The 103.20 held and caused a decline. By the middle of Tuesday's European trading hours, the decline had reached the 102.80 level. Economic Calendar The first week of the year is bound to have notable data releases. The top among them are
The resistance of a rising wedge held and caused a decline, which broke the pattern. Namely, a sharp move of almost 150 base points reached the 1.3550 level. On Tuesday, the GBP/USD currency exchange rate traded in limbo between the 1.3555 and 1.3615 levels. Economic Calendar The first week of the year is bound to have notable data releases. The top among
The Monday's surge of the EUR/USD failed to pass the resistance of the 1.2310 level, which has kept the rate down since December 30. This event was followed by a retracement down to the 1.2250 level. By the middle of Tuesday's European trading hours, the rate had bounced off the 1.2250 mark and surged. Economic Calendar Analysis The first week of the
Eventually, the DUK+/EUR broke out of the 2.3000/2.4700 zone. As this occurred, traders started buying. In the meantime, there was absence of sellers, during the New Year's holidays. This event resulted in a sharp surge, which by the middle of Monday, January 4, had reached the 7.0000 mark. Namely, a 182.21% surge occurred. However, after touching the high level, the rate
Previously, gold was squeezed in on the daily candle chart. This resulted in a break-out. The break-out moved up and broke the long term channel down pattern, which guided the metal's price since August. In regards to the short term forecasts, the rate was testing the resistance of the 1,935.00 level. Future depended on whether or not this resistance level holds. Economic
Since December 30, the resistance of the 103.35 level held. In the meantime, the rate was supported by the 103.00 mark. On January 4, the rate passed below the 103.00 mark. In the near term future, the rate was expected to continue to decline. Economic Calendar The first week of the year is bound to have notable data releases. The top among
The GBP/USD currency exchange rate started the year just below the resistance of the 1.3700 level. This level was reached as a result of the surge, which started as the rate broke a resistance zone near 1.3625 on Thursday. In regards to the future, the rate was testing the 1.3700 level. Future scenarios were based upon whether or not the
The EUR/USD started the year's trading with a gap up and a following surge, which by the middle of the day's European trading had reached the 1.2300 mark. In the near term future, the rate's surge was expected to test the previous week's high level of 1.2310. Economic Calendar Analysis The first week of the year is bound to have notable data releases.
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. In the meantime, the metal's price was reaching higher highs after each bounce off from the support of the simple moving average. Economic Calendar Analysis The first week of the year is bound to have notable data releases.
The 103.70 level provided the USD/JPY rate with resistance up to mid-day on Tuesday. Afterwards, the rate began a sharp decline, which on Wednesday reached the support of the 103.00 mark. The 103.00 level provided the rate with support, which caused a recovery, which almost immediately reached the resistance of the 103.35 level. Economic Calendar The first week of the year
At midnight to Wednesday, the GBP/USD broke the resistance of the 55 and 100-hour simple moving averages and began a surge. By the middle of the day's GMT trading hours, the rate found resistance in the 1.3615 mark. At this level the resistance zone of the December high levels was located at. The future scenarios depended on what would happen
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,