Despite having no resistance, the USD/JPY currency pair failed to exceed 107.90. On Tuesday morning, the pair was testing the support formed by the 55- and 100-hour SMAs, as well the weekly and monthly PPs. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be
During Tuesday morning, the GBP/USD exchange rate skyrocketed to the 1.2320 level. Theoretically, it is likely that the rate could gain support from the weekly R1 and the monthly S1 at 1.2290. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each one
During Tuesday morning, the EUR/USD currency pair skyrocketed to 1.0960. Given that the pair is supported by the 100-hour SMA, it is likely that some upside potential could prevail in the market. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each
On Monday morning, the XAU/USD exchange rate pierced the lower line of the rising wedge pattern. Given that yellow metal is pressured by the 55-, 100- and 200-hour moving averages, it is likely that a breakout south could occur in the nearest future. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. At 12:30 on
Despite having no resistance, the USD/JPY currency pair managed to raise to 107.70. On Monday morning, the pair consolidated at the given level. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each one of these data sets on their own can
Since Friday, the GBP/USD exchange rate has been trading sideways in the 1.2180. Given that the rate is pressured by the 55-, 100- and 200-hour SMAs, it is likely that some downside potential could prevail in the market. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US
The EUR/USD currency pair failed to surpass the support formed by the Fibo 23.60% and the 200-hour SMA at 1.0890. It is likely that the pair could consolidate within the following trading session. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each
The yellow metal's price bounced off the supporting trend line of a rising wedge pattern. By the middle of Friday's London trading hours, the pair had broken the resistance of the 200-hour SMA below 1,730.00 and reached the 55 and 100-hour SMAs near 1,740.00. Economic Calendar Analysis Next week, there is one notable time to watch the economic calendar. At 12:30 on
Despite having no resistance, the USD/JPY did not surge on Thursday. Instead, it retreated to the lower trend line of a rising wedge pattern, which eventually was broken. On Friday morning, the rate had bounced off the support of the 200-hour SMA below 107.40 and traded near 107.50. Economic Calendar Next week, there is one notable time to watch the economic calendar.
The resistance of the SMAs held on Thursday. Moreover, by the middle of Friday's trading, the pair had declined below the 38.20% Fibo at 1.2190. In addition, on Friday, the pair had no technical resistance as low as 1.2000. Economic Calendar Next week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various
The resistance of the 1.1000 held a second time on Thursday. Afterwards, a decline occurred. By the middle of Friday's GMT trading hours, the EUR/USD pair had dropped by a hundred pips, as it had reached the 1.0900 mark. Economic Calendar Analysis Next week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US
After trading sideways around the 1,750.00 level, the yellow metal's price declined. On Thursday, the decline reached the 1,731.75 level, where it found support and began a recovery. Economic Calendar Analysis This week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45 GMT. It could affect gold prices through the strength of the
On Wednesday, the USD/JPY reversed its direction at the combined support of the 100-hour SMA and the lower trend line of a wedge pattern near 107.40. By the middle of Thursday's GMT trading hours, the pair had surged and passed three technical resistance levels. Moreover, the rate had no more resistance as high as 108.00. Economic Calendar Markit is going to publish
On Thursday morning, the GBP/USD found support in the 38.20% Fibonacci retracement level at the 1.2190 level. By mid-day the rate was testing the combined resistance of the 55 and 200-hour simple moving averages at 1.2240. Future forecasts were based upon what would happen at this level. UK Purchasing Manager's Indices The British Pound traded sideways against the US Dollar, following
On Wednesday, the EUR/USD eventually managed to reach the 1.1000 level. The 1.1000 provided resistance and caused a decline, which found support at 1.0952. On Thursday, it was expected that the pair would once again test the resistance of the 1.1000 mark. Economic Calendar Analysis Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45
As speculated on Tuesday, the approaching of the support of the 100-hour SMA provided the needed strength for the yellow metal's price to surge. By the middle of Wednesday's GMT trading hours, the commodity price had reached above the 1,750.00 level. Economic Calendar Analysis This week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at
The USD/JPY reached the 108.00 mark, which held its ground and caused a decline of the pair. In fact, the pair made two attempts to pass the 108.00 level and failed. By mid-day GMT trading hours on Wednesday, the rate had declined to the support of the 55-hour simple moving average at the 107.55 level. Economic Calendar Markit is going to publish
Since the start of Monday's GMT trading, the GBP/USD had surged to the pivot point at 1.2292. The rate bounced off this level late on Wednesday and retreated to find support in the cluster of technical levels at 1.2220. On Wednesday, the rate was expected to once again test the resistance of the pivot point at 1.2292. Economic Calendar On Thursday, the
The surge of the EUR/USD on Tuesday was stopped by the resistance of the 1.0970 level, which caused a decline back to the 1.0920 mark. By mid-day on Wednesday, the rate traded between the 1.0940 and 1.0950 levels. Economic Calendar Analysis Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45 GMT. Additionally, the German
Since the bounce off from the 1,765.00 level on Monday, the yellow metal has been trading between 1,730.00 and 1,740.00. However, on Tuesday the situation could change, as the rate was approached by the support of the 100-hour simple moving average. Economic Calendar Analysis This week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at
At mid-day on Tuesday, the USD/JPY pierced the last resistance levels before the 108.00 mark. The rate was expected to surge up to that level. However, the rate is overbought, as indicated by the far below the rate left hourly simple moving averages. Economic Calendar Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at
During Tuesday's morning GMT trading hours, the GBP/USD currency exchange rate reached the 1.2260 level. Afterwards, this level began to provide resistance. In regards to the near term future, the rate was set to test the 1.2260, which would be strengthened by the 200-hour SMA. Economic Calendar This week, most macroeconomic data releases that would impact the GBP/USD are expected to come
On Monday, the EUR/USD surged up to the 1.0920 level, where it traded sideways until Tuesday morning. On Tuesday morning, the pair reached the 1.0950 level. If the rate would manage to pass resistance levels at 1.0950, it could reach for the weekly R3 at the 1.1008 mark. Economic Calendar Analysis During the week, Markit is going to publish the US Flash Manufacturing
On Monday, May 18, DUK+/EUR traded near the 1.3400 level, where it had retreated after touching the high level of 1.5500. Daily Candle Chart On the daily candle chart it can be spotted that the exchange rate did not respect the resistance of the 55 and 200-day simple moving averages during its recent surge. Market Depth Market Depth reveals, where traders have