The USD/JPY managed to pass the weekly R1 pivot point at 103.82. Since it occurred at mid-day on Thursday, the pivot point has been providing the rate with support. In the meantime, by the middle of Friday's trading, the rate has made three attempts to pass the resistance of the round exchange rate level of 104.00. Economic Calendar The week will
The support of the triangle pattern held out. On Friday morning, the currency exchange rate surged. By the middle of the day's GMT trading hours, the rate had reached the 1.3600 level. In the meantime, the rate was being squeezed in between the resistance of the 100-hour SMA and the support of the 200-hour SMA. Economic Calendar The week will end with
On Friday morning, the EUR/USD currency exchange rate passed the support of the weekly simple pivot point at 1.2236 and reached the 1.2220 mark. Meanwhile, the rate had no technical support as low as the weekly S1 pivot point at 1.2653. Due to that reason the pair could look for support in round exchange rate levels. Economic Calendar Analysis This week will end
Since Wednesday afternoon, the yellow metal's price has been kept down by the resistance of the 100-hour simple moving average. The SMA has been slowly moving up from the 1,923.00 to 1,930.00 levels. Meanwhile, it was spotted that the support zone above the 1,900.00 price level was providing support and keeping the price up. Economic Calendar Analysis On Wednesday, the FOMC Meeting Minutes
The resistance levels near the 103.00 mark failed, and the USD/JPY recovered. By the middle of Thursday's GMT trading hours, the currency exchange rate had reached the 103.70 level. In the near term future, the rate was expected to test the resistance of a weekly simple pivot point at the 103.82 level. Economic Calendar On Wednesday, the FOMC Meeting Minutes are set
During Wednesday's trading, the GBP/USD fluctuated between the 1.3550 and 1.3660 levels. By doing so, the currency exchange rate revealed a descending triangle pattern. In theory, the rate could remain in this pattern until January 12. In the meantime, the rate is being impacted by the hourly simple moving averages that are located in the borders of the triangle. Economic Calendar On
The 1.2350 level managed to provide enough resistance to the EUR/USD for it to decline. Eventually, after two attempts to pass the resistance, on Thursday morning, the rate plummeted to the 1.2250 level. During the drop, the rate passed the support of the hourly simple moving averages and the weekly R1 simple pivot point. Economic Calendar Analysis On Wednesday, the FOMC Meeting Minutes
The resistance zone of 1,953/1,965.70 held out since the middle of Tuesday. At mid-day on Wednesday, the resistance caused a drop, which retraced back down to the 1,930.00 level. In the meantime, the support of the hourly simple moving averages had approached the commodity price. Economic Calendar Analysis On Wednesday, the FOMC Meeting Minutes are set to be released at 19:00 GMT. On
In the aftermath of touching the 102.60 level, the USD/JPY recovered on Wednesday morning. By the middle of the day, the rate was testing technical resistance levels near 102.80/102.90. Future forecasts depended on whether or not the technical levels and the 103.00 mark provide resistance. Economic Calendar On Wednesday, the FOMC Meeting Minutes are set to be released at 19:00 GMT. Expect
The GBP/USD ended trading sideways and surged. By the middle of Wednesday's GMT trading hours, the currency exchange rate had reached the 1.3660 level. During the surge, the rate passed the resistance of the 55 and 100-hour SMAs and no longer had technical resistance. Due to that reason, the pair could test the round exchange rate level of 1.3700. Economic Calendar On
On Wednesday morning, the EUR/USD managed to break the resistance of the 1.2310 level. It resulted in a surge to the 1.2350 mark. In regards to the near term future, the currency exchange rate was expected to continue its surge. Economic Calendar Analysis On Wednesday, the FOMC Meeting Minutes are set to be released at 19:00 GMT. Expect a minor move from
The resistance of the 1,935.00 level failed on Monday. Moreover, by the middle of Tuesday's trading, the rate had confirmed the level as support and started a surge. The surge was expected to test the November high levels, which were located from 1,953.00 to 1,965.70. Economic Calendar Analysis The first week of the year is bound to have notable data releases. The top
After touching the 102.70 level on Monday, the USD/JPY currency exchange rate retraced to the 103.20 level, which provided resistance. The 103.20 held and caused a decline. By the middle of Tuesday's European trading hours, the decline had reached the 102.80 level. Economic Calendar The first week of the year is bound to have notable data releases. The top among them are
The resistance of a rising wedge held and caused a decline, which broke the pattern. Namely, a sharp move of almost 150 base points reached the 1.3550 level. On Tuesday, the GBP/USD currency exchange rate traded in limbo between the 1.3555 and 1.3615 levels. Economic Calendar The first week of the year is bound to have notable data releases. The top among
The Monday's surge of the EUR/USD failed to pass the resistance of the 1.2310 level, which has kept the rate down since December 30. This event was followed by a retracement down to the 1.2250 level. By the middle of Tuesday's European trading hours, the rate had bounced off the 1.2250 mark and surged. Economic Calendar Analysis The first week of the
Eventually, the DUK+/EUR broke out of the 2.3000/2.4700 zone. As this occurred, traders started buying. In the meantime, there was absence of sellers, during the New Year's holidays. This event resulted in a sharp surge, which by the middle of Monday, January 4, had reached the 7.0000 mark. Namely, a 182.21% surge occurred. However, after touching the high level, the rate
Previously, gold was squeezed in on the daily candle chart. This resulted in a break-out. The break-out moved up and broke the long term channel down pattern, which guided the metal's price since August. In regards to the short term forecasts, the rate was testing the resistance of the 1,935.00 level. Future depended on whether or not this resistance level holds. Economic
Since December 30, the resistance of the 103.35 level held. In the meantime, the rate was supported by the 103.00 mark. On January 4, the rate passed below the 103.00 mark. In the near term future, the rate was expected to continue to decline. Economic Calendar The first week of the year is bound to have notable data releases. The top among
The GBP/USD currency exchange rate started the year just below the resistance of the 1.3700 level. This level was reached as a result of the surge, which started as the rate broke a resistance zone near 1.3625 on Thursday. In regards to the future, the rate was testing the 1.3700 level. Future scenarios were based upon whether or not the
The EUR/USD started the year's trading with a gap up and a following surge, which by the middle of the day's European trading had reached the 1.2300 mark. In the near term future, the rate's surge was expected to test the previous week's high level of 1.2310. Economic Calendar Analysis The first week of the year is bound to have notable data releases.
Since the late hours of Monday's trading up to the start of Tuesday's US trading, the commodity price was kept up by the 200-hour SMA. In the meantime, the metal's price was reaching higher highs after each bounce off from the support of the simple moving average. Economic Calendar Analysis The first week of the year is bound to have notable data releases.
The 103.70 level provided the USD/JPY rate with resistance up to mid-day on Tuesday. Afterwards, the rate began a sharp decline, which on Wednesday reached the support of the 103.00 mark. The 103.00 level provided the rate with support, which caused a recovery, which almost immediately reached the resistance of the 103.35 level. Economic Calendar The first week of the year
At midnight to Wednesday, the GBP/USD broke the resistance of the 55 and 100-hour simple moving averages and began a surge. By the middle of the day's GMT trading hours, the rate found resistance in the 1.3615 mark. At this level the resistance zone of the December high levels was located at. The future scenarios depended on what would happen
Instead of trading sideways, the EUR/USD reached new heights and broke technical resistance levels. On Wednesday, the rate reached the 1.2300 level and was expected to reach even higher. A potential surge of the rate could reach for the resistance of the weekly R2 simple pivot point at 1.2323. Economic Calendar Analysis The first week of the year is bound to have notable