The EUR/USD broke the channel up pattern in a sharp move during Tuesday's GMT trading hours. On Wednesday, the rate traded sideways before starting a retracement back up. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT. The EUR/USD has started to ignore this release since the middle of September. Since then, the publication
The most recent surge of the yellow metal found resistance in a round price level. Namely, the 1,930.00 price mark stopped the metal's surge. During Monday's European trading hours, the commodity price was expected to consolidate by trading sideways or declining. Economic Calendar Analysis The week's notable events are set to start on Tuesday. At 12:30 GMT, the US Consumer Price Index could
On Friday, the rate failed to recover, as the 55-hour SMA provided resistance and caused a decline below the 100-hour SMA. On Monday morning, the decline continued, as the rate had reached the 105.45 level. In addition, the rate had no technical support as low as 105.34. Economic Calendar The week's notable events are set to start on Tuesday. At 12:30
On Monday morning, the GBP/USD bounced off the resistance of the channel up pattern and passed the support of the monthly pivot point at 1.3028. In the near term future, the pair was expected to reach for the support of the weekly simple pivot point and the 55-hour simple moving average near 1.2980. Economic Calendar The week's notable events are set to
On its fourth attempt on Friday, the EUR/USD passed the resistance of the monthly pivot point at 1.1782. This event resulted in a surge that reached the upper trend line of the channel up pattern near 1.1830. On Monday, the rate started the week's trading by fluctuating sideways near the 1.1820 mark. Economic Calendar Analysis The week's notable events are set
On Friday morning, the yellow metal's price was once again heading to the resistance of the 1,920.00 mark. In the case of this level being passed, the price would test each round price level as a resistance, as there are no technical resistance levels above the 1,920.00 mark as far as 1,970.00. Economic Calendar Analysis The week's notable events are set to start
The USD/JPY ended trading flat at the 106.00 level at GMT midnight between Thursday and Friday. The rate drooped to the support of the 100-hour simple moving average at the 105.80 level, from which it began a recovery. Economic Calendar The week's notable events are set to start on Tuesday. At 12:30 GMT, the US Consumer Price Index could cause a noteworthy
The speech of the Governor of the Bank of England Bailey on Thursday morning caused a decline of the GBP/USD. However, the decline was stopped by the lower trend line of the channel up pattern and a pivot point at 1.2890. On Friday morning, the rate had returned to the 1.2960 level and once again had no resistance as high
On Friday morning, the EUR/USD once again failed to pass the resistance of the monthly pivot point at 1.1782. In the meantime, take into account that on Thursday the rate had retreated to the lower trend line of the channel up pattern and the 200-hour simple moving average. Economic Calendar Analysis The week's notable events are set to start on Tuesday. At
On Thursday, the yellow metal traded below the 1,900.00 level. In the meantime, the rate appeared to be finding support in the 1,885.00 level. In regards to the near term future, the chart of the commodity price could be impacted by the 55 and 100-hour simple moving averages. Economic Calendar Analysis On Thursday, as always the US Unemployment Claims at 12:30 GMT might
Since Wednesday morning, the USD/JPY currency exchange rate has been fluctuating around the 106.00 level. It was spotted that the rate had the support of the 105.94 level and the resistance of 106.09. The rate could continue to trade sideways until it is approached by the hourly simple moving averages, which caused the breaking of the pivot point at 105.77. Economic
Despite piercing the lower trend line of a channel up pattern on Wednesday, the rate managed to find support at 1.2850 and surge. During Thursday's European morning trading hours, the currency exchange rate had passed the resistance of two SMAs and was surging above the 1.2950 level. Economic Calendar On Thursday, as always the US Unemployment Claims at 12:30 GMT might cause
On Wednesday and Thursday, the EUR/USD pair's recovery was stopped by the resistance of the simple monthly pivot point at 1.1782. Previously, during the week, this pivot point was not making an impact on the rate. In regards to the near term future, the rate was expected to trade sideways between 1.1760 and 1.1780. Economic Calendar Analysis On Thursday, as always, the
Eventually, the yellow metal's price bounced off the resistance of the 1,920.00 level. The event was followed by a decline to the 1,875.00 mark. On Wednesday morning, the commodity price was recovering and approached the 1,900.00 level. Economic Calendar Analysis On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00 GMT. This is a publication of the minutes without a
The USD/JPY broke the resistance of the weekly R1 simple pivot point at 105.77 on Wednesday morning. This resulted in a surge that reached above the 106.00. In the near term future, the rate was set to test the weekly R2 simple pivot point at 106.22. Economic Calendar On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00
The main update in regards to the GBP/USD was the reveal of a channel up pattern, which has guided the rate since the end of September. In the meantime, note that the rate was being impacted by the hourly simple moving averages. Economic Calendar On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00 GMT. This is a publication
Despite initially appearing that the EUR/USD broke the channel up pattern on Wednesday morning, additional research found that the absolute low levels of October 2 need to be used to set the lower trend line of the pattern. Namely, the pattern is wider than previously thought and has held. In the meantime, on Wednesday morning, the rate bounced off the
On Tuesday morning, the yellow metal's price fluctuated between the 1,910.00 and 1,915.00 levels. The rate had surged on Monday after finding support in 1,890.00. In regards to the future, the rate had no technical resistance and could surge. Economic Calendar Analysis On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00 GMT. This is a publication of the minutes
On Tuesday morning, the USD/JPY declined to the combined support of three hourly simple moving averages at the 105.50 mark. Future forecasts were based upon what would happen at this level. Economic Calendar On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00 GMT. This is a publication of the minutes without a rate statement. In the past,
The surge of the GBP/USD encountered the resistance of the 1.3000 level. On Tuesday morning, the rate bounced off this level and retreated to 1.2960. In the near term future, the pair was expected to be approached by the additional support of the 55 and 100-hour simple moving averages, which could cause a surge. Economic Calendar On Wednesday, note that some calendars
Since the second part of Monday's European trading hours, the EUR/USD has respected the recently discovered channel up pattern. Namely, the pattern's upper trend line kept the rate down. Moreover, on Tuesday morning, it appeared that the rate was beginning a decline, which could reach 1.1750. Economic Calendar Analysis On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00
Last week, the DUK+/EUR currency exchange rate jumped, as it shortly touched the 1.9500 level. However, by the end of the week, the pair had retreated back to trading at the 1.6500 mark. In the meantime, on Monday, it was spotted that there are no close by significant buy order clusters. Daily Candle Chart On the daily candle chart, the rate appears
The metal's surge was stopped by the resistance of the 1,915.00 level on Friday. Since then, the metal's price has been declining. By the middle of Monday's European trading hours, the commodity price had reached below the 1,900.00 mark. Economic Calendar Analysis During the week, pay attention to the economic data releases already on Monday. On Monday, at 14:00 GMT the Institute of
During Monday's first half of European trading hours, the USD/JPY continued to recover. By the middle of the day, the rate had reached back up above the 105.60 level. In the near term future, the rate was expected to be pushed up by the support of hourly simple moving averages. Economic Calendar Pay attention to the economic data releases already on Monday.