The GBP/USD has continued to trade between the resistance of the weekly R2 at 1.2758 and the support of the 55-hour SMA and a monthly pivot point at 1.2727. In the meantime, the currency exchange rate revealed minor scale channel down pattern, whose resistance line could push the rate down. Economic Calendar There are no more notable events scheduled for this week.
A new high level has been reached by the EUR/USD. However, the new high level, namely the 1.1620, provided resistance and stopped three attempts of the rate to move higher. In the meantime, take into account that the 55-hour SMA provided support of the most recent surge. In addition, on Friday, the SMA was located near the 1.1580 level and
The surge of the yellow metal continues, as it broke the resistance of the 1,860.00 level. By the middle of Thursday's GMT trading the rate had almost reached the 1,890.00 mark. In theory, the surge could continue to the historical high of 1,912.40. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the
The USD/JPY managed to pass the resistance of the pivot point and three hourly simple moving averages. The move was expected, as these technical levels had also failed on Tuesday. However, on Thursday, the 100 and 200-hour SMAs began to provide support to the currency exchange rate. Economic Calendar On Thursday, the US Unemployment Claims data is set to be published at
Since the middle of Wednesday's GMT trading hours, the GBP/USD traded sideways between a pivot point at 1.2727 and the 1.2750 level. In the meantime, the currency exchange rate revealed minor scale channel down pattern, whose resistance line could push the rate down. Economic Calendar On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the
The surge of the EUR/USD reached the 1.1600 mark on Wednesday. On Thursday morning, the rate continued to trade this resistance level. The resistance of the round price level could be passed as soon as the rate ends its consolidation and the 55 and 100-hour SMA move closer to it. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set
A new high level has been reached by the yellow metal. Namely, it has reached the resistance of a monthly pivot point at 1,861.50. On Wednesday, the commodity price was consolidating its gains and made attempts to pass the resistance. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the US Manufacturing and
On Wednesday, the USD/JPY was testing the combined resistance of three hourly simple moving averages and a weekly pivot point. In theory, the rate could pass these resistance levels, as all of them failed to provide support to stop the decline of Tuesday. Economic Calendar There are only couple data releases expected, which could move the USD/JPY pair. On Thursday, the US
The surge of the GBP/USD ended at the 1.2765 level, where it tested the weekly R2 simple pivot point. The currency exchange rate failed to pass this level and began a decline. By the middle of Wednesday's European trading hours, the pair had reached the support of a 61.80% Fibonacci retracement level at 1.2646. Economic Calendar There are only couple of events
During early Wednesday's GMT trading hours, the EUR/USD reached the resistance of the weekly R2 simple pivot point at 1.1545. This resistance level caused a decline, which could eventually reach technical support levels near 1.1490. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the UK Retail Sales data will be issued
The DUK+/EUR has surged to the 1.6000 level, as forecast in the first described scenario at the start of July. However, in the aftermath of the surge, the rate met with resistance and began a decline, which could look for support in technical levels. Daily Candle Chart On the technical daily candle chart, the rate's surge was reversed by the 200-day simple
The yellow metal's price continued to surge on Monday, as a second attempt to pass the 1,820.00 level succeeded. By the middle of Tuesday's GMT trading hours, the price had almost reached the 1,830.00 level. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the US Manufacturing and Service PMIs survey results are
On Tuesday, the USD/JPY currency exchange rate traded between the 107.15 and 107.35 levels. Meanwhile, the rate was supported by the 55, 100 and 200 hour simple moving averages at 107.20 and 107.15. Economic Calendar There are only couple data releases expected, which could move the USD/JPY pair. On Thursday, the US Unemployment Claims data is set to be published at 12:30
The surge of the GBP/USD currency exchange rate has reached the 1.2700 level, which provided resistance. Since early Monday morning, the rate had gained more than 1.50%. Economic Calendar There are only couple of events that could affect the GBP/USD rate. On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the UK Retail Sales data will
Since the middle of Monday's trading hours, the EUR/USD has been kept up by the support of the 55 and 100-hour simple moving averages, which have been moving higher. In the meantime, the 1.1470 level provided resistance and stopped a surge during Tuesday's GMT morning hours. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set to be published at
On Monday, the yellow metal's price tested the resistance of the 1,820.00 level. The surge was started by the support of the 55 and 100-hour simple moving averages. In the near term future, the metal's price had a couple of possible future scenarios. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the
The USD/JPY currency exchange rate began the week with a sharp surge, which confirmed the borders of a wide channel up pattern. Afterwards, a decline started, which reached the hourly simple moving averages. In the meantime, the rate was supported by the weekly simple pivot point at 107.05. Economic Calendar There are only couple data releases expected, which could move the USD/JPY
On Monday, GBP/USD jumped. Namely, the currency exchange rate found support in 1.2520 and surged by one percent up to the 1.2646 level, where it met with the resistance of a 61.80% Fibo. In addition, during the surge the rate broke the resistance of a channel down pattern. Economic Calendar There are only couple of events that could affect the GBP/USD rate. On
On Monday, the EUR/USD started the week by breaking the resistance of a 50.00% Fibonacci retracement level. However, after passing the resistance, the rate experienced a sharp drop and retreated to the 55 and 100-hour simple moving averages. Economic Calendar Analysis On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the UK Retail Sales data
The XAU/USD exchange rate re-tested the psychological level at 1,796.00. From a theoretical point if view, it is likely that the rate could trade downwards within the given trend. Economic Calendar Analysis Next week, there are only couple of events expected that could impact the XAU/USD rate. On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the
Yesterday, the USD/JPY currency pair reversed south from the 107.40 level. It is likely that the pair could gain support from the 55- and 100-hour SMAs, as well the weekly PP in the 107.10 area. Economic Calendar Next week, there are only couple data releases expected, which could move the USD/JPY pair. On Thursday, the US Unemployment Claims data is set to
The GBP/USD exchange rate jumped to 1.2620 level, however, failed to exceed it. Given that the rate is pressured by the moving averages, it is likely that some downside potential could prevail in the market. Economic Calendar Next week is going to be relatively calm, as there are only couple of events that could affect the GBP/USD rate. On Thursday, the US
The EUR/USD currency pair has gained support from the 100-hour moving average near 1.1390. Meanwhile, note that the pair could face the resistance of the weekly R2 at 1.1432. Economic Calendar Analysis Next week is expected to be relatively calm. On Thursday, the US Unemployment Claims data is set to be published at 12:30 GMT. On Friday, the UK Retail Sales data will
The XAU/USD exchange rate resumed to trade within the short-term descending channel. From a theoretical point if view, it is likely that the rate could trade downwards within the given trend. Economic Calendar Analysis On Thursday, there will be the publication of the US Retail Sales and Unemployment Claims at 12:30 GMT. For more information read the weekly event review article by clicking on