Gold has finally managed to break above 2,530.00. A new high has been booked at 2,555.00, which is acting as resistance. Meanwhile, the price is finding support at 2,545.00. Economic Calendar Analysis This week's notable events are over. XAU/USD short-term forecast An extension of the ongoing surge could encounter resistance in any of the round price levels. However, it is most likely that
On Wednesday, the USD/JPY currency pair pierced the lower trend line of the broad channel down pattern. However, the pair immediately found support in the 2024 low level at 140.80. The low level provided enough support for the rate to return to trade between the 142.00 and 143.00 levels. Economic Calendar This week's notable events are over. USD/JPY hourly chart analysis In the case
The decline of the GBP/USD has found support in the 1.3000 mark and the range that surrounds it. The event was followed by a recovery that on Thursday started to respect the resistance of the 1.3100 level. Economic Calendar This week's notable events are over. GBP/USD hourly chart analysis A move above 1.3100 is expected to immediately encounter resistance in the 200-hour simple moving
Despite the Euro being impacted by the ECB rate cut, the rate has continued to respect technical levels. The rate is finding support in the 1.1000 mark and the zone that surrounds it. In the meantime, resistance is found in the 1.1040/1.1060 range. Economic Calendar Analysis This week's notable events are over. EUR/USD hourly chart analysis A move above the 1.1040/1.1060 zone and the
The price of gold has once again failed to pass above the all-time-high level range near 2,530.00. The price has bounced off the resistance and revealed a new support range at 2,485.00. This range has caused a recovery of the metal up to 2,500.00. Economic Calendar Analysis This week, on Wednesday, the markets will move at 12:30 GMT due to the release
The US Dollar has found support against the Japanese Yen in the August low level. However, more notable is the fact that the reversal from this zone has confirmed the existence of a large scale channel down pattern. This week, the pair was encountering resistance in the 143.50/143.75 range and the 100-hour simple moving average, together with the weekly simple
The recovery of the GBP/USD was ended by the release of the US monthly employment data. The data shook the value of the US Dollar down and up, before a clear strengthening. On the GBP/USD charts, it was represented by high volatility near the 1.3200 level. However, the follow-up decline eventually passed below the 1.3100 mark, which turned into resistance. Economic
The Friday's high volatility that was caused by the US Employment data release was followed by a decline of the Euro against the US Dollar. By Monday, the currency pair had reached below the 1.1040/1.1060 range. In addition, it has been spotted that the rate is in a broad channel down pattern. Economic Calendar Analysis This week, on Wednesday, the markets will
The price of gold passed all marked support levels and a broader decline was expected. However, the price once again has found support in the 2,470.00 level. A zone has been marked near this level. On Thursday, the price had recovered and returned above the 2,500.00 mark. It was assumed that the rate could soon reach the 2,530.00 high level zone. Economic
The channel up pattern failed to hold. The USD/JPY currency pair has declined and revealed a channel down pattern. By mid-Thursday, the rate had reached below the 143.50 level. Economic Calendar On Thursday, at 12:15 GMT, the ADP Non-farm Employment Change might cause a move. However, the top employment data publication of them all will happen on Friday. At 12:30 GMT,
The decline of the Pound against the US Dollar ended at the 1.3100 mark. Despite shortly trading below 1.3100, the pair eventually recovered. After a period of sideways trading, the rate broke the channel down pattern and various resistance levels. By mid-Thursday, the pair had made a second attempt to break the resistance of the 1.3175/1.3180 range. Economic Calendar On Thursday, at
After breaking the channel down pattern, the EUR/USD eventually surged, as the rate has managed to reach the combined resistance of the weekly simple pivot point at 1.1097, the 200-hour simple moving average and the 1.1100 mark. Economic Calendar Analysis On Thursday, at 12:15 GMT, the ADP Non-farm Employment Change might cause a move. However, the top employment data publication of
On Monday morning, the price of gold shortly traded below the support range that surrounds the 2,500.00 mark. However, by midday, the price was back to fluctuating around the round price level. Economic Calendar Analysis Notable events start on Tuesday. At 14:00 GMT, the ISM Manufacturing PMI data is set to be published and might impact the US Dollar. On Wednesday, at 14:00
The recovery of the US Dollar against the Japanese Yen has reached the combined resistance of the upper trend line of the channel up pattern, the weekly R1 simple pivot point and the 147.00 mark. In general, the pair could now go anywhere in the borders in the borders of the pattern. Economic Calendar Notable events start on Tuesday. At 14:00 GMT,
On Friday, it was reported - "The Pound's decline against the US Dollar has reached the 1.3120/1.3130 support zone. In addition, the pair has revealed a channel down pattern that has guided the rate's decline." By late Monday's trading, the situation was mostly unchanged, as the rate had bounced off the combination of the pattern's lower trend line and the 1.3120/1.3130
The 1.1040/1.1060 range has held and caused a minor recovery that has broken the ascending channel pattern's resistance and the 50-hour simple moving average. However, the rate has not started a broader decline, as it remains near the support range. Economic Calendar Analysis Notable events start on Tuesday. At 14:00 GMT, the ISM Manufacturing PMI data is set to be published and
Since Monday, the metal's price has made four attempts to pass the 2,530.00 level. The attempts failed. Meanwhile, it was spotted that the hourly simple moving averages are failing to impact the metal. However, the commodity price keeps finding support near 2,500.00. The prior potential scenario descriptions remain valid. Economic Calendar Analysis Next week, notable events start on Tuesday. At 14:00 GMT, the
The USD/JPY pair has managed to breach the resistance of the 145.00 level. In addition, after the first pass above 145.00, the rate retraced back down and revealed the location of a channel up pattern's support range. Economic Calendar Next week, notable events start on Tuesday. At 14:00 GMT, the ISM Manufacturing PMI data is set to be published and might impact
The Pound's decline against the US Dollar has reached the 1.3120/1.3130 support zone. In addition, the pair has revealed a channel down pattern that has guided the rate's decline. Economic Calendar Next week, notable events start on Tuesday. At 14:00 GMT, the ISM Manufacturing PMI data is set to be published and might impact the US Dollar. On Wednesday, at 14:00 GMT, the
The decline of the EUR/USD has reached the support zone at 1.1040/1.1060. Meanwhile, it has been spotted that the rate has been declining in a channel down pattern. Economic Calendar Analysis Next week, notable events start on Tuesday. At 14:00 GMT, the ISM Manufacturing PMI data is set to be published and might impact the US Dollar. On Wednesday, at 14:00 GMT, the
This week, the metal's price has made two attempts to pass the 2,530.00 level. Both attempts failed. Meanwhile, it was spotted that the hourly simple moving averages are failing to impact the metal. However, the commodity price keeps finding support near 2,500.00. Economic Calendar Analysis On Thursday, the US Preliminary GDP data publication might move the markets. The market consensus is taht
Since Monday, the USD/JPY pair has been consolidating by trading sideways between the support of the 143.50 level and the 145.00 level's resistance. In general, the situation has not changed since Monday, besides the fact that the 50 and 100-hour simple moving averages appear to have minor to no impact on the pair. Economic Calendar On Thursday, the US Preliminary GDP data
The surge of the Pound against the USD eventually exhausted itself near the 1.3250 level. The reaching of this level was followed by a decline to the 1.3170./1.3180 range that provided support. Since then, the rate has traded between this range and the resistance of the 1.3220/1.3230 range. The pair remained between this range, despite Thursday morning news of decreasing inflation
The EUR/USD attempted to pass the resistance of the 1.1190/1.1200 range for a second time, before failing. The failure was followed by a broader decline, which passed the 50, 100 and 200-hour simple moving averages, broke the ascending channel pattern, reached below the weekly simple pivot point. However, then the 1.1100/1.1105 range held, and it appeared that the rate might