The recovery from the 1,890.50/1,893.60 zone continued during Wednesday's trading hours. By 15:00 GMT, the price for gold was approaching combined resistance of the 100-hour simple moving average at 1,937.50 and the 1,940.00 mark. Economic Calendar Analysis On Thursday, at 13:30 GMT, minor US Dollar moves could occur due to the publication of the weekly US Unemployment Claims. The top event of the
The decline of the USD/JPY currency pair eventually reached the support zone at 121.00/121.50. In that zone, the last week's high and low level zone is located at. In addition, note the weekly simple pivot point at 121.27. Moreover, the 200-hour simple moving average has crossed the zone. Economic Calendar On Thursday, at 13:30 GMT, minor US Dollar moves could occur due
On Wednesday, the GBP/USD currency exchange rate step by step surged, as by 16:00 GMT the pair had passed the 50, 100 and 200-hour simple moving averages and reached the 1.3180 mark. In the near term future, the pair was expected to approach the weekly simple pivot point at 1.3198 and the 1.3200 level. Economic Calendar On Thursday, at 13:30 GMT, minor
At mid-day on Wednesday, the EUR/USD currency exchange rate managed to break the resistance zone of the March high levels at 1.1130/1.1138. In addition, by 14:00 GMT, the pair had reached above the weekly R3 simple pivot point at 1.1157 and confirmed the weekly R2 at 1.1136 as a support level. In general, the recent surge of the Euro against the
Talks between Russia and Ukraine have been attributed to an ongoing risk on sentiment. On the gold charts, the sentiment resulted in the breaking of the channel up pattern, which recently guided the price up, and a decline that pierced the March low level. By 16:00 GMT on Tuesday, the price for gold had recovered to the 1,915.00 mark. Economic Calendar Analysis There
The decline of the USD/JPY, which started after the test of the 125.00 mark, has gained new strength, as the US Dollar has lost value against all currencies. Namely, risk-on sentiment on Tuesday increased the losses of the USD against the Japanese Yen, as the pair touched the 122.00 mark. Economic Calendar There are nine sets of data being released this week,
Talks between Russia and Ukraine on Tuesday were assumed to have caused a risk on sentiment in the markets, which resulted in an all-out decline of the US Dollar. However, prior to the drop of the USD, the rate had reached the 1.3060 level's support. Economic Calendar There are nine sets of data being released this week, which might cause an impact
Due to ongoing talks between Russia and Ukraine, risk on sentiment caused large moves on Tuesday. On the EUR/USD charts the event resulted in a sharp surge to the March high level zone at 1.1130/1.1138. Economic Calendar Analysis There are nine sets of data being released this week, which might cause an impact on currency valuations. Five of the nine are US
Previously marked support and resistance zones have been removed. Instead, high and low levels have been marked on the chart. In addition, it was spotted that during the second half of March the commodity price has been surging in a channel up pattern. On Monday, the price for gold declined and found support in the lower trend line of the channel
The Bank of Japan announced on Monday that it would create, if needed, even unlimited supply of the Japanese Yen for the buying of the government's ten year maturity bonds in an effort to increase the price of the bonds and decreasing yields. Namely, the bank wants to keep borrowing costs low via a flooding of the money markets. As
On Monday, the GBP/USD currency pair passed the support zone, which surrounds the 1.3120 mark. Moreover, by the middle of the day, the rate had passed below the 1.3100 mark and the weekly S1 simple pivot point at 1.3097. Economic Calendar There are nine sets of data being released this week, which might cause an impact on currency valuations. Five of the
On Monday morning, the EUR/USD passed below the support zone at 1.0960/1.0970. However, after the event, a sudden surge occurred, as the rate returned to the resistance of the 1.1000 mark. By 14:00 GMT, the rate had bounced off 1.1000 and declined to the levels below 1.0950. Economic Calendar Analysis There are nine sets of data being released this week, which might
The breaking of the 1,950.00 level's resistance has resulted in a surge to the 1,965.00 mark, which provided resistance. The following decline eventually reached back to the 1,950.00 level by the middle of Friday's trading. Economic Calendar Analysis There are nine sets of data being released this week, which might cause an impact on currency valuations. Five of the nine are US
After almost touching the 122.50 mark, the USD/JPY currency pair started a decline, which shortly reached below the 121.40 mark and the 50-hour simple moving average. However, by the middle of the day's European trading hours, the US Dollar had recovered against the Japanese Yen back above the 122.00 level. Namely, a consolidation of gains to the previous high has
Most recently, the GBP/USD has been fluctuating around the 1.3200 mark. Meanwhile, the pair was by large ignoring the 50 and 100-hour simple moving averages and a March resistance and support zone at 1.3195/1.3210. On Friday morning, the pair declined to the 200-hour simple moving average near 1.3160. Form that level a recovery back up to the 1.3200 level occurred. However,
The support zone at 1.0960/1.0970 has once again held and caused a surge up to the 1.1040 mark. Meanwhile, it was observed on Friday that, despite managing to impact the EUR/USD rate, the technical levels in the 1.1000/1.1027 range fail to reverse the pair's direction. Eventually, the technical levels fail. Economic Calendar Analysis There are nine sets of data being released this
At mid-day on Thursday, the price for gold broke the resistance of the 1,950.00 mark. By 14:00 GMT, it appeared that the price was confirming the 1,948.00/1,951.50 zone as support. Economic Calendar Analysis The week's notable events are over. Next week's review will be published on Friday. XAU/USD short-term forecast In the case that the price for gold surges higher, it might encounter
The retracement of the USD/JPY currency exchange rate downwards has ended. The pair's most recent surge is being attributed to the approaching 50-hour simple moving average. By 14:00 GMT, the pair was approaching the 122.00 mark, which was strengthened by the close by weekly R3 simple pivot point at 122.09. Economic Calendar The week's notable events are over. Next week's review will
The GBP/USD currency pair has been trading below the zone at 1.3195/1.3210 since mid-Wednesday. On Thursday, the pair shortly touched the 1.3160 level, before returning to the resistance zone. Economic Calendar The week's notable events are over. Next week's review will be published on Friday. GBP/USD short-term review If the currency exchange rate declines, it could once again look for support in the 1.3160
On Wednesday, the EUR/USD bounced off the support zone at 1.0960/1.0970. The event was followed by a recovery, which found resistance in the combination of the 50 and 200-hour simple moving averages near 1.1010. The resistance was enough to cause a decline. At mid-day on Thursday, the pair remained between the 1.0960/1.0970 zone and the 1.1000 mark. Economic Calendar Analysis The week's
During the mid-hours of Wednesday's trading hours, the price for gold surged and broke technical resistance levels. By 14:00 GMT, the price had reached above the 50 and 100-hour simple moving averages and the upper trend line of the channel down pattern, which has guided the metal down from the 1,950.00 mark since March 17. Economic Calendar Analysis On Thursday, at 12:30
The decline of the Japanese Yen has continued, as the USD/JPY currency exchange rate has reached the 121.40 level. This level acted as resistance and caused a decline. The decline was assumed to be a consolidation of gains due to the pair being largely overbought. Economic Calendar On Thursday, at 12:30 GMT, the US Durable Goods Orders, Core Durable Goods Orders and
During the night to Wednesday, the GBP/USD currency exchange rate reached the 1.3300 mark. The 1.3300 level acted as resistance and caused a decline. The following sharp decline reached below the 1.3200 mark by the start of the day's US trading hours at 13:30 GMT. Moreover, the pair reached below the zone of the March high levels at 1.3195/1.3210. Meanwhile, it
The combined resistance of the 1.1040 level and the 100-hour simple moving average was enough to cause a decline of the EUR/USD. By the middle of Wednesday's trading hours, the rate had reached below the 1.1000 mark. In the near term future, the pair might approach the 1.0960 level, which acted as support on Monday. Economic Calendar Analysis On Thursday morning, at