On Thursday, the USD/JPY traded around the 106.00 level. In the meantime, support was provided by the 105.84 level and resistance was provided by the weekly R1 simple pivot point at 106.17. Future scenarios were based upon whether or not the pivot point holds. Economic Calendar This week, only the US Preliminary GDP release on Thursday at 13:30 GMT could cause a
As forecast, the GBP/USD currency exchange rate reached the support of the 55-hour simple moving average. Since the middle of Wednesday's trading hours, the rate has been pushed up by the SMA. By the middle of Thursday's trading, the rate had been pushed above the 1.4170 mark. Economic Calendar This week, the US Preliminary GDP will be published on Thursday at
On Thursday, the EUR/USD broke the resistance of the 1.2170/1.2190 zone. However, it occurred differently than expected, as the rate had to retrace to the support of the 200-hour SMA before the surge. By the middle of Thursday's GMT trading hours, the rate was heading to the resistance of the 1.2250 mark, which was strengthened by the weekly R2 simple pivot
Since finding resistance in the 1,815.00 mark, the yellow metal's price has been trading sideways between the 1,800.00 and 1,815.00 levels. In the meantime, the 55-hour simple moving average had caught up with the price. It was spotted that on Tuesday and Wednesday the SMA was providing the price with support. Economic Calendar Analysis During the week, only the US Preliminary GDP
On Wednesday, the USD/JPY currency exchange rate passed the resistance of the 100 and 200-hour simple moving averages near 105.40 and the weekly simple pivot point at 105.54. By the middle of the day, the rate had reached above the 105.84 level, from which it had bounced off on Monday. Economic Calendar This week, only the US Preliminary GDP release on Thursday
The surge of the GBP/USD has continued, as at midnight to Wednesday, the rate almost touched the 1.4250 mark. However, by the middle of the day's GMT trading hours, the rate had retreated to the 1.4150 level. In the near term future, the rate was expected to either decline or trade sideways until it would be approached by the 55-hour
As expected, the EUR/USD found support in the 55-hour simple moving average. However, by the middle of Wednesday's trading, the SMA had not managed to cause a surge. In regards to the near term future, the rate was expected to test the resistance zone from 1.2170 to 1.2190. Economic Calendar Analysis During the week, only the US Preliminary GDP on Thursday at 13:30
The surge of gold found resistance in the 1,815.00 level, which caused retracement down to the 1,805.00 level. Note that the 1,805.00 mark was strengthened by the support of the 200-hour simple moving averages. Economic Calendar Analysis During the week, only the US Preliminary GDP release on Thursday at 13:30 GMT could cause a notable sudden move. Click on the link below to
After trading around the 105.00 mark since the middle of Monday's trading, on Tuesday, the USD/JPY currency exchange rate recovered. By the middle of the day's European trading, the pair had reached the 105.30 level. Economic Calendar This week, only the US Preliminary GDP release on Thursday at 13:30 GMT could cause a notable sudden move. Click on the link below to
On Tuesday morning, the GBP/USD reached the weekly R1 simple pivot point at 1.4092 and by the middle of the day, it began to pierce through it. In the case of the pivot point failing, the rate could reach for the weekly R2 pivot point at 1.4168. However, the 1.4100 and 1.4150 exchange rate levels might provide resistance. Economic Calendar This week,
The EUR/USD passed the resistance of the 1.2140 level and reached for the resistance zone of the 1.2168/1.2188 levels. On Tuesday morning, the rate bounced off the resistance of the 1.2180 level and began a retracement back down. By the middle of the day's European trading hours, the exchange rate was expected to look for support in the 1.2140 mark and
The DUK+/EUR currency exchange rate has continue to trade sideways. Moreover, no sudden spikes have taken place, as the rate has remained between 3.5000 and 3.6000 since February 10. In the meantime, during the last week, sell orders have moved to the range from 3.5700 to 3.6000. Daily Candle Chart What can be concluded from the technical chart is that the simple
Since Friday morning, the price for the yellow metal has recovered almost 3.00%. During early US trading hours, the commodity reached above the last of the hourly moving averages and the 1,810.00 level. Economic Calendar Analysis During the week, only the US Preliminary GDP release on Thursday at 13:30 GMT could cause a notable sudden move. Click on the link below to find
Since Friday, the USD/JPY has been respecting simple moving averages. The situation changed just before mid-day on Monday. At that time, no SMA or pivot point managed to provide support, as the rate dropped to the 105.00 mark. Moreover, just prior to the fall, the rate had moved above all technical resistance levels and appeared to be set for additional
On Monday, the GBP/USD moved above the 1.4050 mark, as the rate appeared to be pushed up by the support of the hourly simple moving averages. A potential target for the pair's surge was the weekly R1 simple pivot point, which was located at the 1.4092 mark. Economic Calendar This week, the US Preliminary GDP will be published on Thursday at 13:30
The 1.2140 level stopped the EUR/USD surge on Friday. Moreover, a reversal down to the support of the 1.2100 mark occurred. On Monday, the rate recovered, as the 1.2100 mark had caused a surge. Near term forecasts were based upon whether or not the price manages to pass the 1.2140 mark. Economic Calendar Analysis During the week, only the US Preliminary GDP on
As the metal was approached by the 55-hour SMA, the price declined and tested the support of the recently discovered falling wedge pattern. On Friday morning, the pattern's support was pierced. Economic Calendar Analysis On Thursday, market participants are set to watch the weekly US Unemployment Claims at 13:30 GMT. The week will end for the USD/JPY with the US PMIs at
On Friday morning, the USD/JPY passed the support of the 100-hour simple moving average and the weekly simple pivot point at 105.62. This resulted in a sharp decline to the 105.30 mark. In the near term future, the rate was expected to look for support in the 200-hour SMA at 105.20. Economic Calendar The week will end for the USD/JPY with the
The GBP/USD has extended its surge beyond initial expectations, as the currency exchange rate reached above the 1.4000 mark during early hours. Moreover, the currency exchange rate no longer had any technical resistance as high as the 1.4110 level. Economic Calendar The week will end for the GBP/USD with the US PMIs at 14:45 GMT. The release could cause a move from
The EUR/USD reached the resistance cluster that surrounded the 1.2100 level. On Friday, this level was passed and the rate quickly reached the 1.2140 mark, which began to provide resistance. In the near term future, the rate was expected to gradually reach the zone of resistance at 1.2168/1.2188. However, it was set to face resistance of round exchange rate levels at
The price has passed the February low level of 1,785.00. Afterwards, the commodity dropped to the 1,770.00 level, where it found support and began a retracement back up. In the meantime, the currency exchange metal's price has revealed a medium scale descending wedge pattern. Economic Calendar Analysis On Thursday, market participants are set to watch the weekly US Unemployment Claims at 13:30
After making two attempts to pass the resistance of the 106.20 level, the USD/JPY currency exchange rate declined. At mid-day on Thursday, the pair passed below the support of the 55-hour simple moving average. Previously, on Tuesday, the SMA caused the rate's surge from the 105.20 to the 105.20 level. Economic Calendar On Thursday, market participants are set to watch the
The squeeze of the GBP/USD between the 55 and 100-hour SMAs ended with a break out to the bottom. However, it was immediately stopped by the support of the 200-hour SMA. The 200-hour SAM provided enough support on Thursday morning for the rate to surge up above the 55 and 100-hour SMAs and the weekly R1 simple pivot point. Economic Calendar On
The decline of the EUR/USD passed the support of the 1.2050 mark and the weekly S1 simple pivot point at 1.2045. The movement ended at the 1.2025 level, which is dive pips above the February 8 low level. By the middle of Thursday's European trading hours, the currency exchange rate had recovered. Moreover, it was expected to retrace to the resistance