On Wednesday morning, the weekly PP at 1.1838 and the 200-hour SMA at 1.1896 were pierced. However, after shortly trading above the 1.1950 level, the GBP/USD declined below the mentioned technical levels. It was possible that the rate would reach for the combined support of the 55 and 100-hour simple moving averages. Economic Calendar On Thursday, March 26, the UK
During the 24 hours up to the writing of this article, the EUR/USD had failed at attempts to surge. The pair retreated until it found support in the 55-hour simple moving average. The 55-hour SMA had been pushing the rate higher since the second part of Tuesday's GMT trading hours. In the near term future, the SMA was expected to
As the DUK+/EUR currency exchange rate continues to trade sideways near the 1.7500 level, it has been approached by a technical support level. Namely, the 100-day simple moving average has reached the pair. In theory, the simple moving average should push the rate up to the cluster of various resistance levels that surround the 1.8500 mark. Daily Candle Chart On the
On Tuesday, the yellow metal's price passed the 1,600.00 level and touched the 1,620.00 mark. By the middle of the day's GMT trading hours, the 1,620.00 was keeping the commodity price from surging higher. Economic Calendar Analysis This week, there are couple of events that could affect the XAU/USD exchange rate. On Wednesday, March 25, the US Durable Goods Orders data will be released
On Tuesday, the rate continued to trade near the trading levels of the past few trading sessions. Moreover, it was expected that the pair could test the resistance of the 111.50 level for a third time. In the case of this level failing, the rate could test the 112.00 level, which caused the February drop. Economic Calendar This week is expected
On Tuesday, the GBP/USD currency exchange rate was recovering, as it headed to the resistance of the weekly pivot point at the 1.1838 level. The rate was expected to reach this level and trade below it until the additional support of the hourly simple moving averages pushes the rate through the pivot point. Economic Calendar This week, there are couple
By the middle of Tuesday's GMT trading hours, the EUR/USD currency exchange rate's recovery was approaching the 1.0900 level. In general, the rate was expected to continue to surge as high as the 1.0950 level. Above this level the pair would meet with two technical resistance levels. Economic Calendar Analysis This week, there will be couple of events that could impact the
During Friday, the XAU/USD exchange rate consolidated in the 1,500.00 area. During Monday morning, the price for gold maintained its consolidation. Economic Calendar Analysis This week, there are couple of events that could affect the XAU/USD exchange rate. On Wednesday, March 25, the US Durable Goods Orders data will be released at 12:30 GMT. Later this day, the US Crude Oil Inventories are
On Friday, the USD/JPY currency pair touched the 111.50 level. During Monday morning, the pair was trading in the 110.50 area. The pair could could use support of the 55-hour SMA and go upwards in the nearest future. Economic Calendar This week is expected to be relatively calm for the USD/JPY pair. On Wednesday, the US Durable Goods Orders data will
The GBP/USD exchange rate remains above the psychological level at 1.1500. Also, the rate failed to surpass the 100-hour SMA. During Monday morning, the rate was trading below the 55-hour SMA. The given moving average could push the rate down. Economic Calendar This week, there are couple of events that could affect the GBP/USD rate. On Wednesday, March 25,
The EUR/USD currency pair remains to trade above the support level – the monthly S2 at 1.0650. During Monday morning, the pair was under pressure of the 55-hour SMA. If the given support does not hold, some downside potential could prevail in the market. Economic Calendar Analysis This week, there will be couple of events that could impact the
During Friday morning, the XAU/USD exchange rate consolidated near the support formed by the 55- and 100-hour SMAs, as well the Fibo 23.60% in the 1,500.00 area. Given that the rate is pressured by the 55-hour SMA, it is likely that some downside potential could prevail. Economic Calendar Analysis This week, there are no events left that could affect the
During Friday morning, the USD/JPY currency pair was testing the resistance formed by the weekly R1 and the Fibo 61.80% at 110.70. If the given level holds, it is likely that the pair could consolidate. Economic Calendar This week, there are no events left that could impact the USD/JPY currency pair. Next week is expected to be relatively calm for the USD/JPY pair. On
During Friday morning, the GBP/USD exchange rate was testing the 100-hour SMA near 1.1890. If the given resistance holds, some downside potential could prevail. Economic Calendar This week, there are no events left that could impact on the GBP/USD rate. Next week, there are couple of events that could affect the GBP/USD rate. On Wednesday, March 25, the UK CPI data
On Friday morning, the EUR/USD currency pair re-tested the monthly S1 at 1.0840. It is unlikely that some upside potential could prevail in the market due to the resistance provided by the 55-hour SMA. Economic Calendar Analysis This week, there are no events left that could impact the EUR/USD pair. Next week, there will be couple of events that could
During Thursday morning, the XAU/USD exchange rate was testing the monthly S2 at 1,466.10. Given that the rate is pressured by the 55-hour SMA, it is likely that some downside potential could prevail. Economic Calendar Analysis This week, there are no events left that could affect the XAU/USD rate. Meanwhile, Dukascopy Analytics are not publishing the historical reactions this week, as the
During Thursday morning, the USD/JPY currency pair raised to the Fibo 50.00% at 109.58. If the given level holds, it is likely that the pair could consolidate. Economic Calendar This week, there are no events left that could impact the USD/JPY currency pair. Meanwhile, Dukascopy Analytics are not publishing the historical reactions this week, as the market environment has changed to such a
During Thursday morning, the GBP/USD exchange rate was consolidating near the weekly S2 at 1.1642. Given that the rate is pressured by the 55-hour SMA, it is likely that some downside potential could prevail. Economic Calendar This week, there are no events left that could impact on the GBP/USD rate. Meanwhile, Dukascopy Analytics are not publishing the historical reactions this
On Thursday morning, the EUR/USD currency pair declined to the weekly S2 at 1.0776. If the given support level holds, it is likely that the pair could reverse north. Otherwise, bears could prevail in the market. Economic Calendar Analysis This week, there are no events left that could impact the EUR/USD pair. Meanwhile, Dukascopy Analytics are not publishing the
Yesterday, the XAU/USD exchange rate tried to surpass the 1,540.00 level. During Wednesday morning, the rate was testing the support level – the Fibonacci 23.60% retracement at 1,497.76. Economic Calendar Analysis This week, there are no events left that could affect the XAU/USD rate. Meanwhile, Dukascopy Analytics are not publishing the historical reactions this week, as the market environment has changed to such
Yesterday, the USD/JPY currency pair managed to exceed the Fibo 23.60% at 107.02. During Wednesday morning, the pair was trading in the 107.50 area. Economic Calendar This week, there are no events left that could impact the USD/JPY currency pair. Meanwhile, Dukascopy Analytics are not publishing the historical reactions this week, as the market environment has changed to such a degree that
During Wednesday morning, the GBP/USD exchange rate was testing the weekly S1 at 1.1977. Given that the rate is pressured by the 55-hour SMA, it is likely that some downside potential could prevail. Economic Calendar This week, there are no events left that could impact on the GBP/USD rate. Meanwhile, Dukascopy Analytics are not publishing the historical reactions this week,
On Wednesday morning, the EUR/USD currency pair was testing the support level formed by the monthly PP at 1.0968. Given that the pair remains to be under pressure of the 55- and 100-hour SMAs, it is likely that some downside potential could prevail. Economic Calendar Analysis This week there are no events left that could impact the EUR/USD pair. Meanwhile, Dukascopy Analytics
The yellow metal's price faced the support level formed by the monthly S2 at 1,466.10. Gold could remain under pressure of the 55-hour SMA near 1,530.00 and trade downwards in the short term. Economic Calendar Analysis Today, the US Retail Sales could cause a small move in the markets at 14:30 GMT. On Wednesday, the event of the week is set to