On Thursday, after the US CPI publication, the EUR/USD found support in the 1.0900 mark. Meanwhile, resistance was provided by the prior support range at 1.0950/1.0955. This week, the pair fluctuated between the two levels, as it consolidated, as indicated by rather flat trading and approaching hourly simple moving averages. In the near term future, the pair could look
The price of gold has passed more support levels. On Wednesday, the metal fluctuated near the 2,600.00 mark. It appeared that the 2,605.00 and 2,610.00 levels were providing support, as the 2,625.00 mark acted as resistance. In the near term future, the commodity price will reveal its direction after the Thursday's US CPI release. As the Dollar picks a direction,
The decline of the USD/JPY found support in the 147.20/147.50 range, before returning to once again test the 149.00 mark. In general, it is assumed that the publication of the US Consumer Price Index will reveal the future direction of the US Dollar, which will impact the currency exchange rate. A move above 149.00 is expected to result in the
Since Monday, the GBP/USD currency pair has been fluctuating between the support of the 1.3050 level and the resistance range near 1.3100. In the meantime, the pair has passed the upper trend line of the channel down pattern. In general, the pair is waiting for the publication of the US Consumer Price Index data. The CPI will show the direction
Since Friday, the EUR/USD has fluctuated between the support of the 1.0950 level and the resistance of the 1.1000. Meanwhile, the currency pair was ignoring the 50 and 100-hour simple moving averages. Besides these developments, the situation has not changed. In the near term future, the Euro could recover against the US Dollar and face the resistance of the 1.1000
The price for gold has been highly volatile in the range between 2,640.00 and 2,670.00, as various US data sets were being published. In general, the commodity price appears to be consolidating. If the consolidation ends with a surge, the pair would test the resistance of the 2,685.00 level that marks the all-time high level. However, a decline below 2,640.00
A string of fundamental events has caused a surge of the US Dollar against the Japanese Yen. This week, the rate was declining after hitting resistance at 149.00. On Monday, it appeared that the decline might look for support in the 50-hour simple moving average and the lower trend line of a channel up pattern. If these levels fail,
The 1.3300 mark held, and a decline occurred throughout the week. In general, one event after another has strengthened the US Dollar, which has resulted in a decline of the GBP/USD as low as the 1.3050 level. Meanwhile, it was observed that the pair faced the resistance of the 50-hour simple moving average. An extension of the ongoing decline is expected
On Friday, the EUR/USD plummeted due to the US Dollar strengthening that was caused by the much better than expected US monthly employment data. On the EUR/USD charts, it coincided with the pair bouncing off the resistance zone at 1.1040/1.1065 and the 50-hour simple moving average. Afterwards, the pair found support in the 1.0950 level. In the near term future,
The decline of the price of Gold found support in the combination of the 2,630.00 level and the 200-hour simple moving average. These levels were enough to cause a surge of the metal to the 2,670.00 level, where it encountered resistance. On Wednesday, the pair had declined to look for support in the moving averages. If the 200-hour SMA once
The support of the 141.70 level was enough to cause a broader recovery. By mid-Wednesday, despite various resistance levels, the rate managed to break above 145.00 and was heading to the 146.50 level. A move above 146.50 is set to result in the rate facing the 147.00 mark and afterwards the 148.00 level. Both of these levels have acted as
All the previously described support levels eventually failed, despite holding for a couple of hours. Eventually, by mid-Wednesday it was observed that the pair had found support in the 1.3250 level. The level had caused a recovery that was testing the resistance of the 1.3300 mark. If the pair breaks above 1.3300, it is set to face the combined resistance of
The EUR/USD has failed to pass the resistance zone above 1.1200. The rate has declined and passed below one support range after another. On Wednesday, it looked like the currency pair had found support in the 1.1050 range. Meanwhile, resistance was provided by the 1.1075/1.1085 zone. A recovery above 1.1085 is set to face the weekly S1 simple pivot
On Friday, the price of gold revealed a resistance zone at 2,680.00/2,685.00. The reveal coincided with the release of US fundamental data that caused a decline down to the support of the 2,650.00/2,655.00 range. The rate fluctuated between these two levels until US PCE data provided future direction. Further direction is downwards. Moreover, a channel down pattern has been
The announced stimulus by the Chinese government caused a surge of assets and currencies across all of Asia. The Japanese yen also surged on Friday. The event resulted in the pair dropping from 146.50 level down to 143.00. Moreover, the decline continued on Monday, as the pair reached the support range at 141.70/142.00. A potential recovery of the US Dollar
The decline of the GBP/USD eventually broke the channel up pattern, but found support in the 1.3300/1.3315 range. Since then, the pair has been testing the resistance of the high level range at 1.3425/1.3435. In the meantime, support has been provided by the 50 and 100-hour simple moving averages. A breaking above the 1.3435 level might result in the pair encountering
Since Wednesday, the EUR/USD is finding support near the 1.1120 level. Meanwhile, resistance is encountered at 1.1200/1.1215. In addition, the pair is impacted by the combination of the 50, 100 and 200-hour simple moving averages near 1.1150. A move above the 1.1200 mark could face resistance in the 1.1223 level, where the weekly R1 simple pivot point is located at.
As the US Dollar continues to weaken, the price for of gold continue to grow. By mid-Wednesday, the price had touched the 2,670.00 level and retraced to find support at 2,650.00/2,655.00. Eventually, the surge should break through all round levels and face the 2,700.00 mark. The major round price level is set to hold for at least a week. Meanwhile, a
During the first half of this week, the rate found support in the 143.00 level, before returning to test the resistance of the 144.50 level. A passing above 144.50 is expected to immediately be stopped by the 145.00 mark. Higher above, note the weekly R1 simple pivot point at 145.68. In the case of a decline, the rate might find
The surge of the Pound against the US Dollar has reached the 1.3430 level where it met the upper trend line of the channel up pattern. Since then, the rate has found support in the 50-hour simple moving average, and the surge could continue. A continuation of the prior surge is set to face the combination of the pattern's upper trend
The recovery of the EUR/USD rate has managed to break the resistance of the 1.1200 mark. However, the weekly R1 simple pivot point has provided enough resistance for a retracement back down to occur. A broader decline of the Euro against the US Dollar is set to result in the rate looking for support in the 1.1180 and 1.1160 level,
The price for gold has managed to break the 2,600.00 level's resistance. By late Monday's trading, the commodity price had reached the 2,635.00 level. In the meantime, it was spotted that the 2,620.00 level was providing support. The ongoing surge is set to face more resistance from the 2,650.00 level, as round levels have always impacted the metal during its
The support of the 141.70/142.00 range was enough to eventually cause a surge that broke the 143.45/143.80 zone and reached the 144.50 level. The 144.50 has held and caused another decline of the pair, as the USD/JPY looks for support. An extension of the short term decline could look for support in the 100-hour simple moving average and the 143.00
Despite the decline that was caused by the UK PMI release, the rate has found support in the 1.3250 level and the 100-hour simple moving average. The event was followed by a recovery of the rate and eventually the booking of a new high level near 1.3350. In the meantime, a channel up pattern has been spotted that has been