On Monday, the price for gold plummeted and hit the support of the 1,915.00 mark. A move below 1,915.00 could result in the commodity price looking for support in the 1,910.25 level. Below this level take into account the 1,900.00 mark. On the other hand, a recovery of the price could face resistance in the combination of the 50, 100 and
The USD/JPY is heading for the 150.00 mark, as this Monday it approached the 149.00 level. Resistance could be encountered in the 149.00 mark, the upper trend line of the channel up pattern and the weekly R2 simple pivot point at 149.17. Any of these levels could slow down the surge and force the rate into a consolidation via
This week, the Pound reached the 1.2200 mark and was set to decline further. The decline could look for support in the weekly S1 simple pivot point at 1.2170 and the lower trend line of the channel down pattern. In the case of the pattern failing, the rate might reach for the 1.2510 level and the combination of the weekly
On September 25, the EUR/USD currency pair passed below the 1.0600 mark and the weekly S1 simple pivot point at 1.0592 The next target for the decline could be the combination of the 1.0550 level and the weekly S2 simple pivot point at 1.0543. Further below note the 1.500 mark and the lower trend line of a channel down
The low level zone near 1,915.00 has provided enough support for the price for gold eventually reaching above the 1,920.00/1,923.00 range and the 50-hour simple moving average. However, the commodity appears to have started trade around the 1,925.00 mark. A recovery of the commodity price could result in the rate encountering resistance in the 100-hour simple moving average near 1,927.00.
The USD/JPY passed below 147.00 and almost reached the 146.50 level, before starting a recovery. By mid-Friday, the currency pair had almost reached the 147.50 level and the weekly R1 simple pivot point. A move above 147.50 and the weekly R1 simple pivot point at 147.54 could result in another test of the 147.80/147.87 range. This range acted as resistance
The GBP/USD bounced off the combined support of the weekly S2 at 1.2447 and the lower trend line of the channel down pattern. During the early hours of Friday's trading, the pair reached the upper trend line of the pattern near 1.2500 and appeared to have resumed the broader decline. A continuation of the Pound's decline against the US Dollar
The EUR/USD currency exchange rate has passed below the 1.0700 mark. However, the event did not result in a broader decline, as the pair started to trade sideways. By mid-Friday the EUR/USD had bounced around the 1.0700 mark and broken the channel down pattern by remaining almost flat. In the case of a proper move below 1.0700 the EUR/USD would
The price for gold reached for the 1,915.00 mark, before starting a recovery. At mid-day on Thursday, the commodity price had reached above the 1,920.00/1,923.00 range and faced the 50-hour simple moving average. A resumption of the broader decline is expected to look for support in the 1,920.00/1,923.00 range that has previously acted as both support and resistance. Below 1,920.00,
The USD/JPY currency pair has been bouncing off the 147.80/147.88 range. The zone has been marked on the hourly candle chart as resistance. Meanwhile, on Thursday, support was found at 147.23/147.36. A move above 147.88 is expected to almost immediately face resistance in the 148.00 mark. Higher above, take into account the 148.50 level and the combination of the weekly
The GBP/USD resumed its descent after the release of the better than expected US ISM Services PMI survey results. In the aftermath of the initial drop, it was spotted that the recent lower low and lower high levels can be connected to reveal support and resistance lines. At mid-day on Thursday, the rate was looking for support in the
Despite the surge that was caused by the release of the better than forecast US ISM Services PMI, the EUR/USD has remained above the 1.0700 mark. However, on Thursday the rate was approached by the additional resistance of the 50-hour simple moving average, which could push the rate down. A move below 1.0700 could result in the EUR/USD looking for
The price for gold has reacted to the surge of the US Dollar by extending its decline. On Tuesday, the commodity price was heading to the 1,925.00 mark. In the near term future, support might be found in the 1,920.00/1,923.00 range that has previously acted as both support and resistance. Below 1,920.00, take into account the 1,910.25 level and
The surge of the US Dollar continues. The USD/JPY currency exchange rate reached above the 147.50 mark and the weekly R1 simple pivot point at mid-day on Tuesday. The two levels appeared to have become support to a potential resumption of the broader surge. A move of the currency pair higher is expected to encounter resistance in the 148.00 or
The broader strength of the US Dollar has resulted in the GBP/USD pair passing below the 1.2548/1.2579 range. However, the event has not been followed by a larger decline of the rate. During Tuesday's European trading hours, the rate fluctuated around the pierced support zone, as if confirming it as resistance before resuming the broader decline. A resumption of the
The 1.0800 mark provided enough resistance to keep the EUR/USD down until the 50-hour simple moving average approached and caused a decline. The rate passed below the 1.0766/1.0771 range. By mid-Tuesday the currency pair was heading to the 1.0700 mark. Note that the 1.0700 level was strengthened by the lower trend line of the channel down pattern. A potential recovery
The decline of the metal's price has found support in the 100-hour simple moving average. Since finding support, up to mid-Monday, the rate fluctuated near the 1,940.00 level. In the case of the 100-hour simple moving average pushing the commodity price up, resistance could be found in the 1,950.00 mark and the upper trend line of the channel up pattern. However,
The recovery from the 144.50 mark has encountered resistance in the 146.30/146.60 range. If the USD/JPY reaches above the 146.60 level, the rate could be slowed down by the 147.00 mark, before the 147.23/147.36 August high level range. On the other hand, a possible decline of the US Dollar against the Yen could look for support in the 146.00
On Friday, the GBP/USD reacted to the strengthening of the US Dollar, which was caused by the US monthly employment data release. The decline of the pair eventually found support in the 1.2548/1.2579 range and started a recovery. By mid-Monday, the rate had reached the combined resistance of the 50, 100 and 200-hour simple moving averages near 1.2650. A move
The EUR/USD has confirmed a support zone near the August low level of 1.0766. Namely, there is support at 1.0766/1.0771. The support zone has caused a recovery, due to which the pair is heading to the resistance levels near 1.0830. Near the 1.8030 level, the rate is set to face the combination of the 50, 100 and 200-hour simple
Gold has continued to test the 1,950.00 mark and the upper trend line of the channel up pattern. However, the release of the US monthly employment data strengthened the US Dollar on Friday at 12:30 GMT. The event resulted in the metal's price declining as low as 1,935.00 by 15:00 GMT. If the commodity price declines below 1,935.00, the
The release of the US data reached its peak with the release of the US monthly employment data. Just after the release of data on Friday at 12:30 GMT, the USD/JPY dropped to 144.50. The round level acted as support and caused a recovery. By 14:30 GMT, the pair was heading tot he 146.00 level and the combination of
During the week of notable US data releases the GBP/USD surged to the resistance of the 1.2750 level. The resistance was enough to cause a decline, which on Friday was passing below the weekly simple pivot point at 1.2640. An extension of the ongoing decline could look for support in the 1.2620 and 1.2600 levels. Further below, note the 1.2545/1.2565
Throughout this week, the EUR/USD traded in accordance with US data releases. Most of action occurred in reactionary moves. As the releases are over, technical reviews are back in favour. On Friday, after the last notable events, the EUR/USD was looking for support in the weekly simple pivot point at 1.0829. Meanwhile, resistance was encountered in the 50-hour simple