On Monday, the USD/JPY currency exchange rate found support in the combination of 55 and 100-hour simple moving averages. During the second half of the day's trading, the pair was expected to reach for the monthly pivot point at 107.65. Economic Calendar Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45 GMT.17.05-23.05
On Monday, the GBP/USD started the week by opening lower and afterwards surging. By the middle of the day, the pair had reached for the 38.20% Fibo at 1.2190. In the case of the Fibo failing to provide resistance to the surge, the pair could reach for 100-hour SMA and the weekly simple pivot point near 1.2218. Economic Calendar Most macroeconomic data
The EUR/USD started the week by testing the support of the 1.0800 level. In the meantime, the rate was being pressured by technical resistance levels near the 1.0820 mark. At that level the 100 and 200-hour simple moving averages. Economic Calendar Analysis Today, the US Retail Sales on Friday is being released at 12:30 GMT. During the week, Markit is going to publish
The XAU/USD exchange rate breached the ascending triangle pattern and jumped to the 1,735.00 level. Note that yellow metal remains to be under pressure of the resistance level at 1,740.00. Economic Calendar Analysis Today, the US Retail Sales is being released at 12:30 GMT. Next week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at
The USD/JPY currency pair revealed a rising wedge pattern. From a theoretical perspective, it is likely that the pair could reverse north from the pattern lower line in the nearest future. Economic Calendar Today, the US Retail Sales is being released at 12:30 GMT. Next week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21,
The GBP/USD exchange rate consolidated near the support level – the Fibo 38.20% at 1.2190. In theory, it is likely that some downside potential could prevail in the market, as the rate could continue to trade within the falling wedge pattern. Economic Calendar Today, the US Retail Sales is being released at 12:30 GMT. Next week, most macroeconomic data releases are
Yesterday, the EUR/USD currency pair breached the short-term ascending channel south. Given that the pair is pressured by the 55-, 100- and 200-hour moving averages, it is likely that some downside potential could prevail. Economic Calendar Analysis Today, the US Retail Sales is being released at 12:30 GMT. Next week, Markit is going to publish the US Flash Manufacturing PMI survey results on
The XAU/USD exchange rate continued to trade within the ascending triangle pattern. From a theoretical point of view, it is likely that the rate could continue to trade within the given pattern in the short term. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the
Some downside potential has been prevailing in the market since Monday. During Thursday morning, the USD/JPY currency pair was testing the support formed by the Fibo 38.20% and the 200-hour SMA. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, the US Retail Sales on
The GBP/USD exchange rate has revealed a falling wedge pattern. In theory, it is likely that some downside potential could prevail in the market, as the rate could trade within the given pattern. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, the
The EUR/USD currency pair continued to trade within the short-term ascending channel. During today's morning, the pair was testing the lower channel line. From a theoretical point of view, it is likely that a reversal south could occur. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to be cause notable reactions, as they have
Since Monday, the XAU/USD exchange rate has been testing the lower boundary of the ascending triangle pattern. From a theoretical point of view, it is likely that a reversal north could occur in the nearest future. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the
Yesterday, the USD/JPY currency pair declined below the 107.40 level. The pair could gain support from the 100-hour SMA and the Fibo 38.20% and reverse north in the nearest future. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, the US PPI on Wednesday and
The GBP/USD exchange rate remains to be under pressure of the 55-, 100- and 200-hour moving averages. In theory, it is likely that some downside potential could continue to prevail in the market. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, the
Yesterday, the EUR/USD currency pair revealed a short-term ascending channel. The pair has already re-tested the upper channel line. From a theoretical perspective, it is likely that the pair could re-test the lower channel line in the nearest future. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to be cause notable reactions, as they have done
Last week, the XAU/USD exchange rate revealed an ascending triangle pattern. Yesterday, the rate re-tested the lower pattern line near 1,695.00. During Tuesday morning, the rate reversed north. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, US CPI on Tuesday, US PPI on
The USD/JPY currency pair failed to surpass the resistance level formed by the weekly R2 and the monthly PP at 107.65. It is likely that some downside potential could prevail in the market within the following trading session. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in
Yesterday, the GBP/USD exchange rate tested the support level formed by the weekly and monthly S1s at 1.2290. Given that the rate is pressured by the 55- and 100-hour SMAs, it is likely that some downside potential could prevail in the market. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions,
The EUR/USD currency pair remains to be under pressure of the 55- and 100-hour moving averages. If the given moving averages hold, it is likely that some downside potential could prevail in the market. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to be cause notable reactions, as they have done in the past. Namely,
Last week, the XAU/USD exchange rate revealed an ascending triangle pattern. On Friday, the rate tested the upper pattern line. During today's morning, the rate reversed south from the given line. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, US CPI on Tuesday,
The USD/JPY currency pair breached the falling wedge pattern north and jumped to the weekly R1 at 107.20. In theory, the pair could continue to trade upwards in the nearest future. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, US CPI on Tuesday, US
On Friday, the GBP/USD exchange rate failed to exceed the 200-hour SMA near 1.2450. The given moving average pushed the rate down to the 1.2360 level. Given that the rate is also pressured by the 55- and 100-hour SMAs, it is likely that bears could prevail in the market. Economic Calendar This week, monthly US inflation and retail sales data sets
The EUR/USD currency pair failed to pass the resistance of the 200-hour SMA on Friday. During Monday morning, the pair was testing the 1.0820 level. Given that the pair is pressured by the 55- and 100-hour SMAs, it is likely that some downside potential could prevail. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to be
The resistance of the hourly simple moving averages held for eight hours until the SMAs failed. It resulted in a surge. Since late Thursday, the rate had been consolidating and trading sideways above the 1,715.00 mark. Economic Calendar Analysis The week will end with the employment data release from the United States, on Friday at 12:30 GMT. Next week, monthly US inflation and