At the end of last week, the price for gold failed to reach the psychological level at 1,740.00. During Monday morning, the XAU/USD exchange rate consolidated in the 1,720.00 area. Economic Calendar Analysis This week starts with the US Advance GDP release on Wednesday at 12:30 GMT. This is the first of three types of US quarterly GDPs. The Advance release reveals the
On Friday, the USD/JPY currency pair tried to decline below the 107.40 level. During Monday morning, the pair broke the lower boundary of the short-term descending channel. Economic Calendar The week starts with the US Advance GDP release on Wednesday at 12:30 GMT. This is the first of three types of US quarterly GDPs. The Advance release reveals the first Gross Domestic
During Friday, the GBP/USD exchange rate consolidated in the 1.2350 area. During Monday morning, the rate extended gains and reached 1.2440. The rate could gain support from the 200-hour SMA, as well the Fibo 50.00% and trade upwards within the following trading hours. Economic Calendar This week starts with the US Advance GDP on Wednesday at 12:30 GMT. This
At the end of last week, the EUR/USD currency pair reversed north from the psychological level at 1.0740. Note that the pair remains to be under pressure of the 200-hour moving average. Thus, it is likely that a reversal south could occur in the nearest future. Economic Calendar Analysis This week is set to start with the US Advance GDP on
As expected, the yellow metal's price reached the March high level of 1,740.00. The historical high level provided resistance, which resulted in a decline to the 1,721.50 level. This level provided support to the price. On Friday, the rate traded sideways between 1,721.50 and 1,735.00. Economic Calendar Analysis This Friday, a notable reaction of above then pips could be created by the US
After finding support in the 107.40 mark on Thursday, the USD/JPY experienced a sharp fundamental surge, which reached above the 108.00 level. However, immediately afterwards, the pair returned to trade in the channel down pattern. On Friday morning, the rate was bouncing around between the support levels at 107.60 and the resistance of 107.70. Economic Calendar On Friday, a notable reaction of
After failing to pass the resistance of the 1.2400 level on Thursday, the GBP/USD declined. By Friday morning, the rate had almost reached the 1.2300 mark. In the meantime, the pair had passed all of the technical levels that were located between 1.2300 and 1.2400. Economic Calendar On Friday, a notable reaction of above then pips could be created by
The decline of the EUR/USD continued on Friday, as during the morning hours the rate passed the support of the 1.0760 level, which kept the rate up during Thursday. In regards to the near term future, the pair was expected to reach for the weekly S2 simple pivot point at 1.0715. The main reason for such assumption was not only the
During the late hours of Wednesday's trading, the yellow metal's price managed to pass the resistance of the 1,700.00 level and the pivot point at 1,704.29. This event resulted in a surge, which by the middle of Thursday's trading had almost reached the 1,730.00 level. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US Unemployment Claims are scheduled to be released. Most
Despite not declining on Wednesday, as forecast, the USD/JPY continued to trade in the recently discovered channel down pattern. By the middle of Thursday's trading, the upper trend line of the pattern had been tested six times. Economic Calendar On Thursday, at 12:30 GMT, the US Unemployment Claims are scheduled to be released. Most likely, the event would reveal another major
Since the middle of Wednesday's GMT trading hours, the GBP/USD has traded near the 1.2350 mark. In the meantime, it had been testing the resistance of the 55-hour SMA, which was broken on Thursday morning. Although, the breaking of the SMA did not result in a surge, as the rate was pressured by the resistance of the 100-hour SMA
A quite rare situation has occurred on the EUR/USD charts, as both previous forecast scenarios have become reality. Namely, the rate has surged to the 1.0886 level and declined to the 1.0820 mark. Initially, the pair surged to the 23.60% Fibo at 1.0886, from which it bounced off and declined as low as the 1.0805 level. In regards to the future,
On Wednesday, the metal's price returned to trade near the 1,700.00 mark. Namely, the rate shortly reached above the 1,705.00 level. In the case of the pair properly breaking the resistance of the 1,700.00 level, the pair could reach for the previous high level of 1,740.00. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US Unemployment Claims are scheduled to be released.
As forecast, the USD/JPY declined on Tuesday. During the morning hours of the day, the pair bounced off the 107.30 level. By doing that, the rate revealed a channel down pattern. In regards to the future, on Wednesday the rate had bounced off the upper trend line of the pattern and passed the support of hourly simple moving averages. It
As forecast on Tuesday, the GBP/USD plummeted. However, the rate reached a lot lower than it was expected. It was forecast that the pair could reach the 1.2350 level, but instead the decline stopped at 1.2250. On Wednesday, the currency exchange rate recovered, as it approached various technical resistance levels that were located above 1.2350. Economic Calendar Next UK data
The EUR/USD found support in the 1.0820 level, as it did during the last week. Afterwards, the pair reached up to the resistance of the 1.0880 level. By the middle of Wednesday's GMT trading hours, the currency exchange rate traded in limbo around the 55 and 100-hour SMAs near 1.0860. Economic Calendar Analysis Data that might impact the EUR/USD is bound to start
As forecast, the recovery of the yellow metal's price reached the 1,700.00 level. The rate bounced off this price level after making two attempts to reach above it. As the review was created, the metal ended trading sideways below the 1,700.00 level and plummeted to the support of the 1,675.00 mark. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US Unemployment Claims
The USD/JPY started a decline, as it was about to face the resistance of the 108.00 level and the 200-hour simple moving average. By the middle of Tuesday's GMT trading hours, the pair had been pushed through the support of the 55 and 100-hour SMAs and the weekly pivot point. In addition, the channel up pattern was broken. Economic Calendar On Thursday,
The 55 and 200-hour simple moving averages provided the GBP/USD with the required resistance to push the pair down. By the middle of Tuesday's GMT trading hours, the currency exchange rate had retreated to the weekly simple S1 pivot point at 1.2395. If the pivot point fails to hold, the rate could drop to 1.2350. Economic Calendar Data releases affecting
On Monday, as expected the EUR/USD currency exchange rate bounced off the resistance of the 1.0900 level. Moreover, the rate managed to pass the support of various technical levels. During Tuesday morning GMT trading hours, the pair had reached the 1.0830 level. Economic Calendar Analysis Data that might impact the EUR/USD is bound to start being released on Thursday at 07:30 GMT.
On Thursday, the DUK+/EUR rate experienced a sharp surge to the 1.7500 level. After touching this level, the pair began a decline. By the middle of Monday's GMT trading hours, Dukascoin was back at the 1.3000 level, where it had previously traded throughout most of April. Daily Candle Chart By looking at the daily candle chart, one can observe that
After falling to the 1,674.40 level on Friday, the yellow metal's price recovered on Monday. By the middle of Monday's trading, the rate had reached the resistance of the 200-hour SMA at 1,690.00 In the case of the 200-hour SMA failing to hold, the rate could aim for the 1,700.00 level. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US Unemployment Claims
On Monday, the USD/JPY currency exchange rate traded between various hourly simple moving averages. In regards to the future, the rate was expected to approach the resistance of the 108.00 level and the 200-hour SMA at 107.97. Economic Calendar On Thursday, at 12:30 GMT, the US Unemployment Claims are scheduled to be released. Most likely, the event would reveal another major
The GBP/USD started the week by retreating below the 55 and 200-hour simple moving averages that were located near the 1.2475 level. These two SMAs were expected to push the rate down into the support of the 50.00% Fibonacci retracement level at 1.2418. The Fibo kept the rate from declining at the end of last week. Economic Calendar Data releases