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Fri, 08 Oct 2021 09:17:20 GMT

USD/JPY reaches 112.00 level

At midnight to Friday, the USD/JPY currency exchange rate passed the October 6 high level near 111.80. On Friday morning, the currency exchange rate had almost reached the 112.00 mark. Note that the zone above the 112.00 level at 112.05/112.10 might once again act as resistance, as it did on September 29 and 30. Economic Calendar On Friday, at 12:30 GMT,

Fri, 08 Oct 2021 09:05:30 GMT

GBP/USD bounces off week's high

On Thursday, the GBP/USD bounced off the week's high level zone at 1.3640/1.3650. On Friday morning, the rate was looking for support in the 55 and 100-hour simple moving averages at 1.3600. Economic Calendar On Friday, at 12:30 GMT, the US employment data sets will be out. Namely, the Average Hourly Earnings change, the Non-Farm Employment Change and the monthly

Fri, 08 Oct 2021 08:36:36 GMT

EUR/USD declines due to 55-hour SMA

The recovery of the EUR/USD found resistance on Thursday in the 55-hour simple moving average. On Friday morning, the rate was being pushed down by the SMA into the support of the weekly S1 simple pivot point at 1.1532. Economic Calendar Analysis On Friday, at 12:30 GMT, the US employment data sets will be out. Namely, the Average Hourly Earnings

Thu, 07 Oct 2021 09:38:48 GMT

Gold recovers on Thursday

The yellow metal's price shortly pierced the previous weekly low levels before starting another recovery. During the early Thursday's European trading hours, the bullion appeared to be once again heading to the 1,770.00 level. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims at 12:30 GMT might cause a minor move in the USD. On Friday, at 12:30 GMT, the US

Thu, 07 Oct 2021 09:00:50 GMT

USD/JPY tests support levels

On Wednesday, the USD/JPY declined and found support in the combination of the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point at 111.23/111.29. The support zone held and caused a retracement to the 111.50 mark. On Thursday morning, the 111.50 eventually forced the rate into a decline to the combination of the 100-hour SMA and

Thu, 07 Oct 2021 08:51:53 GMT

GBP/USD trades near moving averages

On Wednesday, the GBP/USD passed one support level after another. During the day, all of the technical support levels were passed and the last one of them, the 100-hour simple moving average, was pierced. However, this did not result in a decline, as the combination of the 100-hour SMA and the 1.3550 eventually held and caused a recovery. By the

Thu, 07 Oct 2021 08:34:39 GMT

EUR/USD respects weekly pivot points

The EUR/USD currency exchange rate found support in the weekly S1 simple pivot point at 1.1532. The pivot point held and reversed the rate. On Thursday morning, the following surge appeared to be heading to the resistance of the 55 and 100-hour simple moving averages at 1.1578 and 1.1589. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims at

Wed, 06 Oct 2021 11:58:36 GMT

Gold tests low levels

On Wednesday morning, the yellow metal's price had reached the support zone of this week's low levels near the 1,750.00 level. In addition, the price had reached below the 55, 100 and 200-hour simple moving averages. Economic Calendar Analysis On Wednesday, the ADP Non-Farm Employment Change at 12:15 GMT might cause USD volatility. On Thursday, the weekly US Unemployment Claims at 12:30

Wed, 06 Oct 2021 11:52:26 GMT

USD/JPY could recover to 112.00

The USD/JPY has recovered, as it found support in the 110.82/110.90 zone. The following surge passed the resistance of the 55, 100 and 200-hour simple moving averages. On Wednesday morning, the rate had reached the 111.80 level. Economic Calendar On Wednesday, the ADP Non-Farm Employment Change at 12:15 GMT might cause USD volatility. The pair has moved from 8.4 up

Wed, 06 Oct 2021 11:44:34 GMT

GBP/USD declines on Wednesday

The GBP/USD currency exchange rate declined on Wednesday morning below the 55 and 200-hour simple moving averages. The rate was testing the support zone of the 1.3575/1.3595 levels. Economic Calendar On Wednesday, the ADP Non-Farm Employment Change at 12:15 GMT might cause USD volatility. The pair has moved from 12.5 up to 18.3 pips on the release since May

Wed, 06 Oct 2021 11:20:58 GMT

EUR/USD resumes its decline

On Wednesday morning, the EUR/USD was heading to the support of the September 30 low level at 1.1563/1.1568. Future forecasts were based upon whether or not the support zone holds. Economic Calendar Analysis On Wednesday, the ADP Non-Farm Employment Change at 12:15 GMT might cause USD volatility. The pair has moved from 9.8 up to 15.0 pips on the release

Tue, 05 Oct 2021 13:30:17 GMT

DUK+/EUR breaks pattern

The DUK+/ERU did not bounce off the upper trend line of the channel down pattern, which guided the rate since late July. Namely, the pair passed the trend line, as it traded almost flat. However, note that since the last review, the rate has surged to the 1.7100 level instead of remaining below a sell order cluster at 1.6900. Daily Candle

Tue, 05 Oct 2021 08:53:19 GMT

Gold price reaches 1,770.00 level

The resistance zone that is located below the 1,765.00 mark, failed to keep the price of gold down. Late on Monday, the price reached above the resistance zone and touched the 1,770.00 level. The 1,770.00 mark provided resistance and caused a retracement down. Economic Calendar Analysis On Tuesday, the US ISM Services PMI at 14:00 GMT could impact the value of

Tue, 05 Oct 2021 08:42:25 GMT

USD/JPY is between technical levels

On Tuesday morning, the USD/JPY was located between the support of the 55 and 200-hour simple moving averages near 111.05 and the resistance of the weekly simple pivot point at 111.24 and the 100-hour SMA at 111.35. Economic Calendar On Tuesday, the US ISM Services PMI at 14:00 GMT could impact the value of the US Dollar and all USD

Tue, 05 Oct 2021 08:29:37 GMT

GBP/USD traders are going short

On Monday, the surge of the GBP/USD reached above the resistance zone that is located below the 1.3600 mark and the 200-hour simple moving average. However, after the surge, the pair retraced back down and up to Tuesday's European morning the rate traded above the mentioned technical levels. Economic Calendar On Tuesday, the US ISM Services PMI at 14:00

Tue, 05 Oct 2021 08:19:14 GMT

EUR/USD ends recovery

The EUR/USD recovery found resistance in the 1.1640 level on Monday. Afterwards, a decline began, which during the Tuesday morning hours had reached below the support of the 100 and 55-hour simple moving averages. Moreover, the pair had reached below the 1.1600 mark. Economic Calendar Analysis On Tuesday, the US ISM Services PMI at 14:00 GMT could impact the value

Mon, 04 Oct 2021 08:56:21 GMT

Gold tests high zone

Since September 30, the yellow metal's price has been testing the resistance of the last week high zone at 1,761.10/1,765.00. Meanwhile, support is being provided by the 55 and 200-hour simple moving averages and the 1,750.00 mark. Economic Calendar Analysis On Tuesday, the US ISM Services PMI at 14:00 GMT could impact the value of the US Dollar and all USD

Mon, 04 Oct 2021 08:51:44 GMT

USD/JPY decline reaches 111.00 level

The bounce off from the 112.00 mark has turned into a proper decline, as on Friday the USD/JPY currency exchange rate reached the 111.00 level. On Monday, the rate had paused the decline, as the support of the 200-hour SMA was approaching the pair. Meanwhile, resistance levels were spread out from 111.24 to 111.44. In the near term future, a

Mon, 04 Oct 2021 08:44:59 GMT

GBP/USD recovers to summer low levels

The GBP/USD recovery passed the resistance of the 55-hour SMA and the 100-hour SMA on Friday. On Monday, the rate paused the surge. After a short investigation, it was discovered that the July low level zone of 1.3575/1.3790 was providing resistance. In the meantime, the 200-hour SMA had approached and strengthened the resistance zone. In addition, the 55 and

Mon, 04 Oct 2021 08:40:01 GMT

EUR/USD recovers after drop

The EUR/USD currency exchange rate on Monday morning found support in the 55-hour simple moving average at 1.1590 and surged. Moreover, the resistance of the 1.1600 level was ignored. Economic Calendar Analysis On Tuesday, the US ISM Services PMI at 14:00 GMT could impact the value of the US Dollar and all USD currency exchange rates. The event has moved

Fri, 01 Oct 2021 09:42:17 GMT

Gold breaks minor pattern

The yellow metal has clearly broken the resistance of the channel down pattern. It occurred in a sharp four hour jump, which also passed the resistance of the 55, 100 and 200-hour simple moving averages. Eventually, the metal's price was stopped by the 1,765.00 level's resistance. On Friday, the pair traded sideways around the 200-hour SMA and the 1,755.00 level. Economic Calendar

Fri, 01 Oct 2021 09:37:56 GMT

USD/JPY bounces off 112.00

The USD/JPY made three attempts to pass the 112.00 level before bouncing off it. At mid-day on Friday the rate had declined and almost reached the 111.00 level. Economic Calendar On Friday, at 14:00 GMT a notable move could be created by the US ISM Manufacturing PMI results. The event has caused 9.3 to 19.4 pip moves. On Tuesday, the

Fri, 01 Oct 2021 09:31:11 GMT

GBP/USD recovers on Friday

The GBP/USD found support on Wednesday and Thursday above the 1.3400 level. The support zone has been marked on the hourly candle chart. After finding support, the pair surged to the resistance of the 55-hour simple moving average and the 1.3500 level. These levels provided resistance and the 55-hour SMA began to push the rate down. By the middle

Fri, 01 Oct 2021 09:03:41 GMT

EUR/USD finds support

The decline of the EUR/USD resumed on Thursday. However, it immediately found support in the 1.1563/1.1568 zone. The zone held the pair up from 10:00 GMT up to 01:30 GMT, when a recovery appeared to have started. During the early hours of Friday's trading hours, the currency exchange rate was approaching the resistance of the 1.1600 level, which could be soon

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