On Tuesday, the USD/JPY traded above the 105.00 level, which appeared to provide support to the currency exchange rate in the aftermath of the prior jump. The USD/JPY currency exchange rate jumped 236 pips or 2.29%. The surge was caused by news from a public company. Pfizer announced that its Covid-19 vaccine was effective in more than 90% of cases in
On its fifth attempt on Tuesday, the GBP/USD passed the resistance of the 1.3200 mark. This resulted in a surge, which sharply aimed at the weekly R1 simple pivot point at 1.3270. The rate was pushed through the resistance of the 1.3200 level due to the support of the 55-hour simple moving average. Economic Calendar On Thursday, at 07:00 GMT pay attention
The resistance of the 1.1900 level held on Monday, as the rate bounced off it after a last attempt to clearly pass it. This resulted in a decline, which pushed through the support of the 55-hour simple moving average. The decline ended at the 1.1800 mark, which was supported by the 100-hour simple moving average. Economic Calendar Analysis During the week,
During the last week, the DUK+/EUR currency exchange rate has fluctuated sideways between the 1.5700 and 1.6000 levels. In the meantime, notable buy and sell order clusters were located five pips below and above the rate. Daily Candle Chart On the daily candle chart, the rate had no close by technical resistance or support of the monthly simple pivot points. That
Gold plummeted on Monday, as risk on sentiment took over the markets. The sentiment was caused by news from Pfizer that it had finished testing its coronavirus vaccine and it is effective in more than 90% of cases. The drop of the yellow metal found support in the monthly pivot point at the 1,901.26 level. Economic Calendar Analysis On Thursday, at 13:30 GMT
On Friday, the USD/JPY stopped its decline at the 103.20 level. On Monday, a surge started from this level. At mid-day, the surge escalated into a jump due to fundamental news. The USD/JPY currency exchange rate jumped 81 pips or 0.78%. The surge was caused by news from a public company. Pfizer announced that its Covid-19 vaccine was effective in more
The GBP/USD reached the 1.3200 mark on Monday morning. However, immediately after touching this high level, the rate retraced down to the support of the 55-hour simple moving average. The near term future forecasts were based upon whether or not the 55-hour SMA manages to push the pair up. Economic Calendar On Thursday, at 07:00 GMT pay attention to the UK Preliminary
The EUR/USD reached the 1.1900 mark, as expected. Although, no notable moves occurred in the aftermath of reaching the resistance level, as the rate began to trade sideways just below it. In the near term future, the rate could be pushed up by the support of the 55-hour simple moving average. Economic Calendar Analysis During the week, on Thursday, at 13:30 GMT
The surge of the yellow metal continues, as all safe haven assets gain during the ongoing sell off of the US Dollar. By the middle of Friday's GMT trading hours, the pair had broken the resistance of the 1,950.00 mark. In the near term future, the metal should continue to surge, as it had no technical resistance and the ongoing
The USD/JPY has broken out of the descending triangle pattern, the rate is heading down. At mid-day on Friday, the pair was aiming at the 103.00 level. However, take into account that the decline could be slowed down by the weekly S3 simple pivot point at 103.10. Economic Calendar On Friday, the US are publishing their monthly employment statistics. Among them will
The surge of the GBP/USD managed to pass the resistance of the 1.3100 level. However, the surge was stopped by the 1.3150 level, which had close by the resistance of the weekly R2 simple pivot point at 1.3170. In the meantime, it was spotted that on Friday morning, the 1.3100 mark had started to provide support, as a retracement down
The 1.1850 level provided the EUR/USD currency exchange rate with resistance throughout Thursday. However, on Friday morning, the currency exchange rate passed this level and aimed at the 1.1900 mark. Future forecasts were based upon what would happen at the 1.1900 mark. Economic Calendar Analysis On Friday, the US are publishing their monthly employment statistics. Among them will be the Average Earnings,
Gold managed to pass the resistance of the 1,915.00 level on Thursday morning. The rate eventually reached the monthly pivot point at 1,928.54, which paused its decline at mid-Thursday. Near term future forecasts were based upon what would happen at the pivot point. Economic Calendar Analysis On Thursday, expect the weekly US Unemployment Claims to cause a minor move at 13:30 GMT. Later
The retreat of the USD/JPY reached the support of the 104.00 level. This level provided enough support for the pair to do a short term retracement back up to the 104.40 level, which beat it down. At mid-day on Thursday, the currency exchange rate was expected to test the support of the 104.00 again. Economic Calendar On Thursday, expect the weekly US
On Thursday, the GBP/USD remained highly volatile, as the GBP was boosted by the announcements made by the Bank of England. At mid-day the pair broke the resistance of a pivot point at 1.3062 and was set to test the 1.3100 level. The British Pound depreciated against the US Dollar, following the BOE Monetary Policy Report release on Thursday at 07:00
The EUR/USD surge on Wednesday was slowed down by the resistance of the 1.1740 level. On Thursday morning, the resistance was broken and the rate surged above the 1.1800 mark. By the middle of Wednesday's GMT trading hours, the pair had no resistance as high as 1.1900. Economic Calendar Analysis On Thursday, expect the weekly US Unemployment Claims to cause a minor
During and after the day of the US Presidential Election the yellow metal has traded in the range from 1,885.00 to 1,915.00. This has occurred despite no clear election results. Due to that reason a larger move can be expected, as soon as the results are announced. In the meantime, it was spotted that the 100-hour SMA managed to provide support
The USD/JPY executed a sharp surge up and reached above the 105.00 level by touching the 105.35 mark. However, the USD began an all-out retreat on all charts after the sudden surge. By the middle of Wednesday's GMT trading hours, the currency exchange rate had retreated to the 104.50 level. Moreover, it had no technical support as low as the
As any other USD currency exchange rate, the GBP/USD started a sharp decline at midnight, as the US Presidential Election polls closed. The decline reached the 1.2920 level, from where a recovery started. By the middle of Wednesday's GMT trading hours, the rate had reached the 1.3000 level. Economic Calendar On the day after the US Election, on Wednesday, the US ISM
At GMT midnight, when the polls closed in the US Presidential Election, the EUR/USD dropped from 1.1770 to 1.1605. However, afterwards the pair recovered and reached back up to the 1.1700 mark. In regards to the near term future, it appeared that the rate would slightly respect technical levels until the final results of the US Elections are announced. Economic Calendar
On Tuesday, the yellow metal's price was testing the resistance of the 1,900.00 level, which it reached during the morning hours. Future scenario forecasts were based upon what would happen at this level. However, note that the fundamental information on the ongoing US Elections is bound to crash technical charts. Economic Calendar Analysis US Elections on Tuesday are bound to take away all
On Tuesday, the USD/JPY revealed a rising wedge pattern, which had guided the rate since October 28. Meanwhile, in regards to the near term future, the pair was expected to reach for the 105.00 level. Economic Calendar US Elections on Tuesday are bound to take away all attention from the macroeconomic data releases. However, there are things to note. On the day after
At midnight to Tuesday, the GBP/USD currency exchange rate broke the channel down pattern and surged. By the middle of the day's trading hours, the pair was testing the 1.3000 mark, which was strengthened by the 200-hour simple moving average. Future scenarios were based whether or not this level is passed. Economic Calendar US Elections on Tuesday are bound to take away
The resistance of the 55-hour SMA failed to continue the decline of the EUR/USD. Instead, the rate began a surge, which reached the 1.1700 level on Tuesday morning. In the meantime, the currency exchange rate had passed the resistance of the monthly simple pivot points and the 100-hour SMA. Economic Calendar Analysis US Elections on Tuesday are bound to take away all