The common European currency failed to pass the resistance cluster at the 1.1380 level against the US Dollar. As forecast, the event has resulted in a decline. However, on Tuesday morning the currency exchange rate had still not reached its target at 1.13.In general, the rate is expected to reach the 1.13 mark, where a previously pierced through lower
On Monday, Dukascopy Analysts spotted a channel down pattern on the hourly chart of the yellow metal. This pattern represents the rate's expected decline until new year. The decline should occur due to the metal starting a medium term consolidation after the recent gains of almost 30 USD. Note that the pattern still needs to fully confirm itself. Namely, the commodity
The US Dollar has paused its surge against the Japanese Yen. The pause from a technical perspective was caused by the resistance of the weekly R1, which is located at the 113.36 level. If the level gets passed, the rate is set to gradually surge up to the next technical level, which is the weekly R2 at 113.74. On the other
On Monday morning the GBP/USD pair surged to a technical resistance cluster at 1.2840 level. At that level the combination of the 55 and 200-hour simple moving averages was located close by. In addition, these resistance levels were strengthened by the weekly pivot point level, which was located exactly at 1.2840. If the pair breaks these technical resistance levels, it will
The EUR/USD pair on Monday morning continued the surge, which it began on Friday. By the middle of the day's trading session the currency pair had reached the 1.1380 level. At that level three technical levels of significance were providing resistance. Namely, the 55, 100 and 200-hour simple moving averages were located near the 1.1380 level. In addition, exactly at