The price for gold has revealed resistance and support zones. Support is found at 1,957.25/1,964.20. Resistance is encountered at 1,984.20/1,987.70. Meanwhile, the price appears to be respecting the 50 and 100-hour simple moving averages. A move above the 50 and 100-hour simple moving averages could result in another test of the 1,984.20/1,987.70 range. Higher above, note that the 2,000.00 mark
It has been spotted that the recovery of the US Dollar against the Yen has occurred in a channel up pattern since July 18. Meanwhile, the rate is being supported by the ascending 50-hour simple moving average. A continuation of the surge is set to face resistance in the zone at 142.70/143.00. Higher above, note the weekly R1 simple pivot
The GBP/USD has passed below the support and resistance zone near 1.2850. The range could soon be confirmed as resistance and a decline of the Pound against the US Dollar might continue. A continuation of the decline might find support in the 1.2800 and 1.2750 levels. Further below, note the weekly S1 simple pivot point at 1.2736 and the two
The EUR/USD bounced off the 1.1240/1.1275 range and started a decline. By July 24, the rate had reached below the 1.1100 mark. A continuation of the ongoing decline could look for support in the weekly S1 simple pivot point at 1.1063, the 1.1050 level and the combination of the 1.1000 mark and the weekly S2 simple pivot point. Further below,
The price for gold has been spotted to have moved in a descending channel pattern since the start of June. Meanwhile round price levels continue to impact the metal's movements. A continuation of the ongoing decline of the metal's price is expected to find support in the 1,910.00, 1,905.00 levels and most importantly the 1,895.00/1,900.00 range. On a broader scale,
The USD/JPY decline continues. On July 7, the pair passed below the 143.00 level, signalling that the decline of the US Dollar is set to continue. The rate was expected to soon reach the support zone at 142.70/142.80. A decline below 142.70 is expected to find support in round exchange rate levels like 142.50 and 142.00. In general, this rate
The GBP/USD currency pair has revealed that in the first part of July it has been surging in a channel up pattern. Meanwhile, it has been observed that the 50, 100 and 200-hour simple moving averages are quite often managing to impact the rate's direction. A continuation of the surge in the pattern might be slowed down by weekly simple
The 1.0835/1.0840 range has continued to act as support. Meanwhile, the currency exchange rate has respected the combined resistance of the 1.0900 mark and the 200-hour simple moving average. A decline of the pair below the 1.0835/1.0840 range is most likely going to look for support in round exchange rate levels and areas near them. This is assumed due to
Despite breaking the 1,930.00/1,932.25 resistance and touching the 1,935.00 mark, the price for gold has declined. On Thursday, the commodity was testing the resistance of the 1,920.00/1,922.70 range. Meanwhile, the 1,915.00 was observed acting as support. A decline of the metal's price could look for support in the 1,915.00 and 1,910.25 levels, before approaching the 1,900.00 and 1,895.00 levels. However, in
The support of the 200-hour SMA passed above the 144.00 mark, which weakened its support. On Thursday morning, the 200-hour SMA at 144.20, the weekly simple pivot point at 144.08 and the 144.00 level all failed. The rate dipped below these levels, before retracing back up to confirm them as resistance. A move above the 144.00 mark could encounter resistance
By large, the GBP/USD has been ignoring the resistance zone at 1.2718/1.2727. It no longer manages to impact the rate. Meanwhile, it has been spotted that the pair continues to find support in the 200-hour simple moving averages near 1.2690. A potential bounces off from the 200-hour SMA and surge higher is expected to face resistance in the 1.2730 and
The EUR/USD has declined and reached the support zone at 1.0835/1.0840 and the weekly S1 simple pivot point at 1.0838. These levels held on Thursday morning and caused a retracement back up. During the first part of the day's trading, the rate encountered resistance in the 50-hour simple moving average. A resumption of the decline would have to pass the
The price for gold has been fluctuating between two zones throughout the US market closure on July 4. Support is found at 1,919.75/1,922.60. Resistance is provided by the 1,930.40/1,932.25 range. It was previously observed that the 1,930.00 mark acts as resistance. However, it has been continually pierced. A move above 1,932.25 might be slowed down by the 1,935.00 mark. Although,
In general, the pair remains between 144.00 and 145.00. In regards to updates, the pair ignores the 50 and 100-hour simple moving averages, the 144.50 level impacts the pair, the 144.00 level is being strengthened by the 200-hour SMA. A decline below the 144.00 level could look for support in the 143.50 level. Further below, take into account the
On Tuesday, the GBP/USD currency pair managed to break the resistance zone at 1.2718/1.2727. However, the 1.2740 level acted as resistance and forced the pair back below the zone. On Wednesday, the mentioned range still kept the pair down. Meanwhile, support was found in the combination of the 1.2700 mark and the 50 and 200-hour simple moving averages. Another move
The EUR/USD bounced off the resistance range at 1.0930/1.0940 and declined below 1.0900 during the US holidays. On Wednesday, the pair was finding resistance in the combination of the 200-hour simple moving average at 1.0910 and the weekly simple pivot point at 1.0907. Meanwhile, some support appears to have been found in the 1.0880 and 1.0870 levels. An extension of
The recovery of the yellow metal's price has found support in the 1,910.25 level, before surging to the 1,930.00 mark. A move above 1,930.00 could be stopped by the 1,932.25 level that acted as resistance during the previous week. Higher above, note the 1,940.00 level's resistance. On the other hand, a potential decline of the commodity price might be supported by
The USD/JPY surge has encountered resistance in the 145.00 mark and retraced below the 50 and 100-hour simple moving averages. The moving averages have guided the pair up since mid-June. However, support was being found in the 144.00 level. A decline below the 144.00 level could look for support either in the 200-hour simple moving average near 143.70 or the
The GBP/USD trades below a resistance zone at 1.2720. Meanwhile, support appears to be provided by the 1.2660 level. A move above 1.2720 resistance range could be slowed down by the 1.2760 level or the weekly R1 simple pivot point at 1.2769, before the pair reaches 1.2800. On the other hand, a decline of the Pound against the US Dollar would
The EUR/USD has revealed support and resistance zones. Support is being found at the 1.0840 level. Resistance is provided by the 1.0930/1.0940 range. On Monday, the pair was testing the resistance zone. Meanwhile, the rate ignored the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point. A move above 1.0940 could be slowed down by the
The United States Bureau of Economic Analysis has published the US Final quarter on quarter Gross Domestic Product data. The markets expected US economy to have grown in the first quarter of the year by 1.4%. Instead of the expected, the economy has been reportedly increased by 2.0%. On gold charts it resulted in a drop from the 50-hour simple moving
The surge of the US Dollar against the Japanese Yen continues, as the USD gets stronger and the Yen loses value against peer currencies. The USD/JPY pair reached above the 144.50 mark and the weekly R1 simple pivot point at 144.63 at mid-Thursday due to the US GDP release. The United States Bureau of Economic Analysis has published the US Final
The United States Bureau of Economic Analysis has published the US Final quarter on quarter Gross Domestic Product data. The markets expected US economy to have grown in the first quarter of the year by 1.4%. Instead of the expected, the economy has been reportedly increased by 2.0%. On the GBP/USD charts it resulted in a drop below 1.2600. The weekly
The United States Bureau of Economic Analysis has published the US Final quarter on quarter Gross Domestic Product data. The markets expected US economy to have grown in the first quarter of the year by 1.4%. Instead of the expected, the economy has been reportedly increased by 2.0%. On the EUR/USD charts it resulted in a drop down to the