On Tuesday, the GBP/USD passed the resistance zone near 1.4160, the weekly R1 simple pivot point at 1.4181 and the 1.4200 mark. Economic Calendar The UK CPI YoY is set to come out on Wednesday at 06:00 GMT. The GBP/USD currency exchange has moved on the release from 11.4 to 16.1 during the last five months. Later on that day, the rate
On Tuesday morning, the EUR/USD currency exchange rate broke the resistance of the 1.2175/1.2180 zone. It was followed up by an immediate passing of the resistance of the weekly R1 simple pivot point at 1.2201 and the 1.2200 mark. Economic Calendar Analysis The rate could move due to the FOMC Meeting Minutes on Wednesday at 18:00 GMT. The pair has moved from
The yellow metal's price has continued to surge in the channel up pattern. Moreover, it made attempts at passing the resistance line of the pattern. However, on Monday, the metal failed and retreated to the support of the zone near the 1,845.00 level. Economic Calendar Analysis On Wednesday, the price could move due to the FOMC Meeting Minutes at 18:00 GMT. The
Two recent low levels booked by the USD/JPY currency exchange rate have revealed that the lower trend line of the channel down pattern is located at a different level. However, the rate has still continued to respect the upper trend line of the pattern and declined. In the meantime, note that the 55-hour simple moving average has been providing resistance
The GBP/USD currency exchange rate managed to pierce the resistance zone of the 1.4105/1.4110 zone. However, the pair immediately found resistance in the 1.4120 level. In the meantime, on Monday, the currency rate was ignoring the 1.4100 mark, the 100-hour simple moving average and the weekly simple pivot point at 1.4091. Economic Calendar The UK CPI YoY is set to come out
The EUR/USD currency exchange rate started the week by finding support in the new weekly simple pivot point at 1.2126 and starting a surge. By the middle of Monday's trading hours, the rate had touched the 1.2170 level which appeared to be capable to provide resistance. Economic Calendar Analysis The rate could move due to the FOMC Meeting Minutes on Wednesday at
The yellow metal's price found support in the 200-hour simple moving average and started a surge. Note that the surge is captured by the borders of a channel up pattern. In addition, note that by the middle of Friday's trading, the metal had passed the resistance of the 55 and 100-hour simple moving average. Economic Calendar Analysis On Wednesday, the price could move
The USD/JPY has revealed a minor channel down pattern, which captures the rate's decline in the aftermath of the Wednesday's US CPI release surge. Future scenarios were based upon whether or not the rate continues to trade in the pattern's borders. Economic Calendar Next week, the rate could move due to the FOMC Meeting Minutes on Wednesday at 18:00 GMT. The
The decline of the GBP/USD did not reach the support of the 200-hour simple moving average on Thursday. Instead, the rate found support in the 1.4005/1.4015 zone, which had provided both resistance and support on Monday. On Friday morning, the GBP/USD had recovered to the 1.4070 level, where it encountered the 55-hour simple moving average. The 55-hour SMA could
On Friday morning, the EUR/USD currency exchange rate passed the resistance of the 55 and 200-hour simple moving averages and reached above the 1.2100 level. However, almost immediately resistance was provided by the weekly simple pivot point at 1.2109. Economic Calendar Analysis On Friday, the US Retail Sales and Core Retail Sales at 12:30 GMT are bound to move the pair, as the
In the aftermath of the release of the US Consumer Price Index, the yellow metal declined until it found support in the 1,812.00/1,818.00 zone. Economic Calendar Analysis On Friday, the US Retail Sales and Core Retail Sales at 12:30 GMT are bound to move the metal's price, as it impacts the US Dollar's value. Click on the link below to find out more
As the US Consumer Price Index was released on Wednesday and revealed a lot larger inflation in the United States than previously expected, the US Dollar surged against the Japanese Yen. During five hours, the currency exchange rate surged by almost 100 base points or 0.90%. Moreover, the surge slowly continued until it reached the 109.80 level and booked a
The release of the US Consumer Price Index caused two hours of high volatility during the mid-day of Wednesday. It was followed up by a decline. By the middle of Thursday's trading, the rate had passed the support of the 100-hour simple moving average at 1.4078 and the weekly R1 simple pivot point at 1.4064. Economic Calendar On Friday, the US
As the United States released its inflation data, the EUR/USD began to trade with high volatility on Wednesday. The high volatility ended below the 200-hour SMA at the 1.2066 level. The rate's decline appeared to have been stopped by the support of the 1.2053/1.2070 zone, which provided both resistance and support on May 6. During the early Thursday's trading hours, the
On Tuesday, the yellow metal did not find support in the 55-hour simple moving average near 1,830.00. Instead, the price declined to the 1,818.20 level. The event confirmed that the 1,812.80/1,818.20 zone could provide support in the future. Economic Calendar Analysis The metal's price could move due to the US CPI on Wednesday at 12:30 GMT. On Friday, the US Retail Sales
The support of the 50.00% Fibonacci retracement level at 108.35 held and caused another surge to the technical levels near 109.00. During the early hours of Wednesday's trading, the pair had reached the resistance of the weekly simple pivot and the 100-hour simple moving average at 108.90. Economic Calendar The rate could move due to the US CPI on Wednesday at
Since the middle of Monday, the GBP/USD has traded in a 50 pip range between two zones. From the above, resistance is provided by the 1.4160/1.4170 zone. In the meantime, support is found in the 1.4100/1.4110 zone. Economic Calendar The rate could move due to the US CPI on Wednesday at 12:30 GMT. The pair has moved from 14.8 to 35.6
The EUR/USD failed at its third attempt to break the resistance of the 1.2175/1.2180 zone. It resulted in a decline, which passed the support of the 55-hour simple moving average near 1.2150. During the early hours of Wednesday's trading hours, the currency exchange rate found support in the 100-hour simple moving average near 1.2110. Economic Calendar Analysis The rate could move due to
The DUK+/EUR currency exchange rate has returned to the 3.5100 level, where the wall of sell orders remains intact. Namely, there were orders to sell 10,510.41 coins for the asking price of 3.5100 price. Daily Candle Chart Note that SMAs and pivot points are useful in a market that is trending in larger or smaller waves either up or down. In
Since the Friday's surge, the yellow metal's price has been trading below the resistance of the 1,845.00 level. On Tuesday, the metal's price was being approached from below by the 55-hour simple moving average. Economic Calendar Analysis The metal's price could move due to the US CPI on Wednesday at 12:30 GMT. On Friday, the US Retail Sales and Core Retail Sales
After making three attempts to pass the 109.00 level, on Tuesday, the USD/JPY remained below this level. Due to the strength of the resistance of the 109.00 level and the additional strength of the 100 and 200-hour simple moving averages, the pair was expected to decline. Economic Calendar The rate could move due to the US CPI on Wednesday at 12:30 GMT.
The surge of the GBP/USD paused at the 1.4150 level during the second part of Monday's trading hours. Since then, up to the middle of Tuesday's trading, the rate had been fluctuating sideways below the mentioned round exchange rate mark. Economic Calendar On Wednesday, the UK Preliminary GDP is set to be published at 06:00 GMT. This event has caused moves
During late Monday's trading hours, the EUR/USD currency exchange rate declined to the support of the 55-hour simple moving average below the 1.2150 mark. On Tuesday, the currency exchange rate had recovered, as it once again approached the resistance of the 1.2175/1.2180 zone. Economic Calendar Analysis The rate could move due to the US CPI on Wednesday at 12:30 GMT. The pair
The yellow metal's price has extended its surge. The move upwards was fueled by the weakness of the US Dollar, which was caused by the worse than expected US labour data. Economic Calendar Analysis The metal's price could move due to the US CPI on Wednesday at 12:30 GMT. On Friday, the US Retail Sales and Core Retail Sales at 12:30 GMT