On Monday morning, the USD/JPY rate declined and began to trade between the support of the 100-hour SMA and the resistance of the 55-hour simple moving average. In the near term future, a squeeze between the pivot points was expected to cause a surge to the 106.00 level. Economic Calendar On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release
Since the early GMT trading hours of Friday, the GBP/USD has been fluctuating between the support of the 1.2700 level and the resistance of 1.2800. On Monday morning, the currency exchange rate was testing the resistance of the weekly simple pivot point and the 1.2800 level. Economic Calendar The week will start with a long forgotten data release. The UK quarterly GDP
On Friday, the EUR/USD currency exchange rate bounced off the resistance of the 1.1680 level. Afterwards, a decline to the 1.1620 level occurred. On Monday morning, the rate was consolidating, as it traded sideways between the support of the 1.1620 level and the resistance of 1.1640. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could
On Friday, the yellow metal tested the resistance of the 1,875.00 level. In the meantime, the bullion had managed to pass the resistance of the 55-hour simple moving average. In the near term future, the rate was expected to finish trading sideways and resume its decline. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could cause
By the middle of Friday's GMT trading hours, the USD/JPY remained below the resistance of the 105.50 level. Moreover, the approach of the 55-hour simple moving average did not cause a surge of the pair. In the near term future, the currency exchange rate was expected to remain below the 105.50 mark. Economic Calendar On Wednesday, at 12:15 GMT the ADP
The 55-hour SMA failed to continue to push the GBP/USD down. Late on Thursday, the resistance level was passed. Moreover, on Friday, the currency exchange rate reached the resistance of the weekly S1 simple pivot point at 1.2797. Economic Calendar The week will start with a long forgotten data release. The UK quarterly GDP is scheduled to be published on
Late on Thursday, the EUR/USD found support in the 1.1640 level and began a surge. On Friday morning, the rate passed the resistance of the 55-hour SMA, which had pushed the rate down for the whole week. In the near term future, the recovery of the EUR/USD could reach the 1.1700 level. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP
The drop of the yellow metal's price continued on Thursday, as the bullion reached the support of the 1,850.00 level. In the near term future, the rate was expected to finish trading sideways and resume its decline. Economic Calendar Analysis The week will end with a possible minor move from the US Durable Goods Orders at 12:30 GMT. Click on the link below to
On Thursday, the USD/JPY traded in limbo around the 105.40 level. The pair was kept there by the resistance of the 105.50 mark. The rate was expected to continue to trade sideways until it would be approached by the support of the 55-hour simple moving average. Economic Calendar The week will end with a possible minor move from the US Durable Goods
On Wednesday, the GBP/USD currency exchange rate recovered, as better than expected Purchasing Managers Index results were published. The recovery eventually reached the resistance of the 55-hour simple moving average, which kept the rate down. On Thursday morning, the pair traded between the support of the 1.2700 level and the 55-hour SMA at 1.2745. Economic Calendar On Thursday, as accustomed, at 12:30
The decline of the EUR/USD currency exchange rate has continued, as on Thursday morning the pair traded near the 1.1650 mark. Moreover, the rate had no technical support as low as the 1.1600 level, which was strengthened by two simple pivot points. Economic Calendar Analysis On Thursday, as accustomed, at 12:30 GMT, the US weekly Unemployment Claims could cause a move. The
Throughout Tuesday, the 1,900.00 level was providing the yellow metal with support. During the morning hours of Wednesday's GMT trading, the price dropped below the 1,900.00 level. In the near term future, it appeared that the price would decline, as it has finished consolidating by trading sideways. Economic Calendar Analysis On Wednesday, at 13:45 the US PMIs will be released. On Thursday, as accustomed,
The rate broke out of the recent squeeze to the upside. By the middle of Wednesday's GMT trading hours, the pair had reached and tested the resistance of the 200-hour simple moving average at 105.20 level. Future forecasts were based upon whether the 200-hour SMA manages to keep the USD/JPY rate down. Economic Calendar Throughout the whole day the Markit institute is
On Wednesday morning, the GBP/USD was piercing one by one the technical support levels of the cluster of levels that was spread out from 1.2700 to 1.2675. As the rate continued to be beat down by the weakness of the GBP caused by an increase of coronavirus measures, the rate was expected to reach even lower levels. Economic Calendar Wednesday is a
As forecast, the EUR/USD reached the 1.1700 level. Moreover, after trading sideways throughout the second half of Tuesday, at midnight GMT, the rate dropped to the 1.1680 level, which provided support. In the near term future, the rate was expected to consolidate until the hourly simple moving averages catch up and push the pair down. Economic Calendar Analysis Wednesday is a major
As expected, the yellow metal's price continued its decline on Monday. However, the bullion passed all expectations, as it tumbled down to trade below the 1,890.00 level. On Tuesday, the bullion was trading above the 1,900.00 mark. Economic Calendar Analysis Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services
After the sharp surge that was experienced on Monday, the USD/JPY currency exchange rate began to trade between the resistance of the 100-hour SMA and the support of the 55-hour simple moving average. On Tuesday morning, the SMAs were located at 104.70 and 104.50. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit
The decline of the GBP/USD continued throughout Monday. Moreover, on Tuesday morning, the currency exchange rate pierced the 1.2750 level and shortly touched the 1.2714 level. In the meantime, it was spotted that the rate faced the resistance of the monthly S2 simple pivot point at 1.2835 level. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole
Late on Monday, the lower trend line of the channel up pattern paused the rate's sharp decline and caused a retracement back up. However, on Tuesday morning, the pair was back at the support of the pattern and it pierced through it. In regards to the near term future, the pair was expected to test the support of the 1.1700
As the DUK+/EUR approached the 1.7000 level, a sell off began, which found support in the combination of the 55 and 100-day simple moving averages. In the near term future, the rate was expected to trade sideways in a wide range. Daily Candle Chart On the daily candle chart the pair has left below it the daily simple moving averages. Namely, the
On Monday morning, the yellow metal's price passed the support of the channel down pattern and reached the 1,930.00 level. This round price level provided support to the commodity price and the bullion began to trade sideways between 1,930.00 and 1,935.00. In the near term future, the price was expected to continue its decline. Economic Calendar Analysis Wednesday is a major day for
On Monday, the decline of the USD/JPY continued, as the pair reached the 104.00 level. This level provided support and caused a pause of the decline. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The indices are the result of a
As the media revealed that the government of the United Kingdom was considering a reinstatement of the coronavirus lockdown, the GBP/USD plummeted. On Monday morning, the drop was stopped by the support of a monthly pivot point at 1.2835. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish
On Monday, the EUR/USD failed at its third attempt to pass the resistance of the pivot point at 1.1867. The sudden decline was consistent with the German announcement that the country's government debt would reach 80% of GDP, which is the same level as in the aftermath of the financial crash. Economic Calendar Analysis Wednesday is a major day for other