The GBP/USD did not reach the 1.2350 level, despite making attempts for two days. The pair has revealed that it faces resistance at 1.2335/1.2345. On Friday, the currency pair had declined below 1.2300 and the 50-hour simple moving average. A decline below the 100-hour SMA and the weekly R1 simple pivot point at 1.2260 and 1.2247 might result in a move
The EUR/USD currency pair has revealed a resistance zone at 1.0908/1.0930. The resistance zone managed to force the pair into a decline down to the 1.0830 level. During the decline, the rate passed below the support of the 50-hour SMA and the 1.0850 mark. An extension of the decline of the Euro against the US Dollar might look for support
Even prior to the US Federal Reserve rate hike, the price for gold broke the channel up pattern to the downside and retreated to 1,940.00. However, the US Federal Reserve rate hike and press conference resulted in an apparent recovery of the commodity price. By the middle of Thursday's European trading, the price had reached 1,980.00. A continuation of the recovery
Despite the US rate hike impacting the USD/JPY, the fundamental event appears to have only set the direction of the rate. Namely, the pair still finds support in round exchange rate levels. On Thursday, the 130.50, 131.00 and 131.50 were acting as support and resistance. A surge of the US Dollar against the Japanese Yen would have to reach above the
The Bank of England has once again hiked its base interest rate. Official Bank Rate has been increased from 4.00% up to 4.25%, as the market expected. In the meantime, note that seven out of the nine BOE Monetary Policy Committee members voted for the 0.25% rate hike. Two members voted to keep interest rates intact. Meanwhile, the US Federal Reserve
The EUR/USD has reacted to the Federal Reserve Rate hike of 0.25% and the following comments of the head of the central bank Jerome Powell. In general, the central bank plans no rate cuts. In regards to further hikes the central bankers would continue to watch inflation data. The pair reacted to the news with a surge. The surge
As the Credit Suisse saga continued, markets ran to safety. Due to this reason, the price for gold reached above 2,000.00. However, since the event, the price appears to be consolidating, as it waits for the US Federal Reserve rate announcement on Wednesday at 18:00 GMT. A decline of the US Dollar is set to result in resumption of the
The decline of the USD/JPY eventually found support in the weekly S1 simple pivot point at 130.53 and started a recovery. By the middle of Tuesday's trading, the pair was approaching the 132.50 level's resistance. However, future outlook was set to be dictated by the US Federal Reserve Rate hike on Wednesday at 18:00 GMT. An extension of the ongoing
The GBP/USD has continued to surge, as the rate has passed above the February high level at 1.2270. However, on Tuesday morning the pair appeared to have started a minor decline. The decline was attributed to a consolidation prior to the US Federal Reserve Rate hike scheduled for Wednesday. In the case the rate extends its decline, support might be found
On Tuesday, the EUR/USD had continued the surge, which was started by the European Central Bank's 0.50% rate hike. During the start of this week, the pair reached above 1.0700, before consolidating. Note that the currency pair is bound to remain rather flat until the Wednesday's 18:00 GMT Federal Reserve Interest Rate hike and follow up press conference. A potential
The price for gold has found support in the 1,915.00 level and the 50-hour simple moving average. The event was followed by a surge, which by the middle of Friday's trading had pierced the January high level at 1,949.00. A move above 1,949.00 and 1,950.00 might stop at the February high level at 1,960.00. Higher above, note the upper trend line
The USD/JPY passed below the support zone at 132.50 on Thursday. However, support was provided by the weekly S2 simple pivot point near 131.75. Afterwards, the rate shortly recovered to the resistance of the 100-hour simple moving average, before resuming its decline. On Friday, the pair had once again reached below 132.50. In the near term future, the pair might once
The GBP/USD found support in the 200-hour simple moving average and stared a recovery. By the middle of Friday's trading, the pair had reached above the 1.2100 mark and the 50 and 100-hour simple moving averages. A move higher by the pair might encounter resistance in the early February high level at 1.2200. Higher above, note the 1.2250 level and the
The EUR/USD has experienced a recovery, which has reached above the 1.0600 mark. Most recently, the currency pair encountered resistance in the 100-hour simple moving average. A decline of the pair could look for support in the 1.0600 mark and the 50-hour simple moving average. Meanwhile, the rate did not find support in the 200-hour SMA and the weekly
The crash of Credit Suisse stock price has caused a run to safety. On Gold charts it has resulted in a surge up to the 1,930.00 level. A move higher might be slowed down by round price levels, before the commodity price tests historical high levels. Namely, the January and February high levels are expected to act as resistance at 1,949.00
The resistance of the 135.00 mark has held and the pair has declined to the support zone near 132.50. The decline is being attributed to a broader run to safety. The run to safe assets has been caused by the crash of Credit Suisse. A move below 132.50 could look for support in the 132.00 mark and the weekly S2
The US Dollar has resumed it broader surge. On the GBP/USD charts it has resulted in a bounce off from the resistance of the 1.2200 level and a decline. By the middle of Wednesday's European trading hours, the currency pair had reached 1.2050. An extension of the ongoing decline might look for support in the combination of the 1.2000 mark, the
The EUR/USD is dropping due to crash of the European banking stock prices. A major run to safety is occurring. From a technical analysis perspective the pair has dropped to the support levels below 1.0550. A move below the support levels near 1.0540 could look for support in the 1.0500 mark, prior to approaching the 1.0450 level and the weekly
The price for gold has surged above the 1,900.00 mark, as a run to safety occurred last week. At the start of this week, the commodity price was consolidating in the 1,895.00/1,915.00 range. The market appears to be waiting for additional fundamental information before moving up or down. In the case of the metal surging above 1,915.00 resistance might be found
This week, the USD/JPY has been recovering from the 132.50 level's support. By the middle of Tuesday's European trading, the currency pair had approached the 135.00 level. A bounce off from the 135.00 level could look for support in the combination of the 134.00 level and the 50-hour simple moving average. Further below, note the weekly S1 simple pivot point at
The recent surge of the GBP against the US Dollar ahs encountered resistance in the early February high level at 1.2200. Meanwhile, support appears to be found in a an ascending trend line. A move above the 1.2200 mark might find resistance in various levels. First level is the 1.2250 mark. Secondly, note the February high level at 1.2270. Above
The EUR/USD has revealed a resistance zone below the 1.0750 mark. Meanwhile, support is being found in the trend line, which has guided the currency pair up since Friday. In addition, note the support of the 50-hour simple moving average and the 1.0700 mark. A move above the 1.0750 level could encounter resistance in the combination of the weekly
The price for gold has remained near the 1,870.00 level. Meanwhile, previous low and high level zones are being ignored. However, round price levels appear to be still impacting the commodity price. A potential move higher is bound to encounter strong resistance in the 1,900.00 mark. Meanwhile, a decline is set to look for support in 1,850.00 and 1,800.00. Although, most moves
The USD/JPY currency pair has found support in the 130.00 mark. However, it appears that all attempts to surge are being stopped in the 131.20/131.85 range. In this range all this week surge attempts have been reversed. A surge of the US Dollar against the Yen would have to reach above the 131.20/131.85 range. Higher above, the 132.00 and 132.50