The recovery of the Pound against the US Dollar has encountered resistance in the 200-hour simple moving average, which strengthened the 1.2200 mark. On Friday, the currency pair had reached back to 1.2100. A resumption of the broader decline of the Pound against the US Dollar could look for support in round levels at 1.2050 and 1.2000, prior to approaching the
The EUR/USD shortly pierced the resistance zone at 1.0762/1.0766 due to the publication of lower than forecast German Consumer Price Index. Namely, for some reason the lower than expected inflation was seen by the markets as positive for the Euro. However, the pair did not remain above the resistance zone for long. On Friday, the pair was back near
The price for gold was highly volatile during the recent interview of Jerome Powell. On Wednesday morning, the commodity price managed to reach above and confirm the 1,878.50/1,881.15 zone as support. A move higher by the commodity price might encounter resistance in the 1,890.00 level and the 100-hour simple moving average, before reaching the 1,900.00 mark. On the other hand, a decline
The comments made by Jerome Powell on Tuesday at an interview caused a drop of the US Dollar. On the USD/JPY currency exchange rate charts it resulted in a decline to the combined support of the 130.50 level and the 100-hour simple moving average. A move below 130.50 and the 100 and 200-hour simple moving average might look for support in
The GBP/USD recovered due to the interview with Jerome Powell, which caused a decline of the US Dollar. During the interview, Powell reiterated his stance that there would be smaller rate hikes for a prolonged time period instead of high interest rates for a shorter time period. As a result, the GBP/USD revealed a support zone and has surged to
The interview of Jerome Powell on Tuesday caused high volatility of the EUR/USD, which has resulted in the rate recovering to the 1.0750 level. A move above the 1.0762/1.0766 range, which captures Tuesday's reversal zone, might encounter resistance in the 1.0800 mark and the 100-hour simple moving average. Higher above, note the 200-hour SMA and the 1.0850 level. However, a
The price for gold appears to be consolidating between two zones. The price has been between 1,860.00 and 1,880.00 since the Friday's fundamental drop, which was caused by the US monthly employment data. A move above 1,880.00 is expected to encounter resistance in the 1,900.00 mark, before the metal reached January high levels. On the other hand, a decline of the
The USD/JPY reached a new high on Monday, as it tested the 133.00 level. However, the level held and a retracement downwards occurred. On Tuesday morning, the currency pair was finding support in a zone near 131.50 and the 50-hour simple moving average. A resumption of the US Dollar surge, the pair would face the resistance zone near 133.00. Higher above,
On Tuesday, the GBP/USD bounced off the resistance of the 1.2050 level and declined below 1.2000. The rate is heading to new lower low levels. Support could be found in the 1.1950 level, the weekly S1 simple pivot point at 1.1928 and the round levels 1.1900 and 1.1850. Meanwhile, a potential recovery of the Pound against the US Dollar could encounter resistance
The major volatility of the EUR/USD has ended. The pair has started a steady decline, which respects round price levels. On Tuesday morning, the pair had reached the 1.0700 mark, which acted as support. A move below the 1.0700 mark could look for support in the 1.0650 level and the weekly S2 simple pivot point, before approaching the 1.0600 and
Despite the mid-week boost of Jerome Powell to the price of gold, the commodity retraced back to 1,910.00 on Thursday. On Friday, the US high employment data caused a drop of the commodity. Gold clearly passed below the support zone at 1,900.00 and reached even below 1,880.00. Below the 1,880.00 mark, the 1,870.00 might act as support. Below these levels round
The USD has been declining since the US Chairman's press conference. However, the situation changed on Friday, as the US monthly employment data revealed a stunning growth in the data. The USD/JPY jumped and by the US market open at 14:30 GMT was reaching the 130.50 mark. A continuation of the currency exchange rate's surge might encounter resistance in the combination
The GBP/USD has continued to act to major fundamentals events. The Federal Reserve press conference beat down the USD, then the Bank of England boosted the GBP. Most recently, the US employment data caused a major surge of the US Dollar. The chart has seen spikes and drops throughout the last few days, which have ignored almost all technical levels. From
The EUR/USD has continued to act to major fundamentals events. The Federal Reserve press conference beat down the USD, then the ECB boosted the Euro. Most recently, the US employment data caused a major surge of the US Dollar. The chart has seen spikes and drops throughout the last few days, which have ignored almost all technical levels. The
The 1,900.00 range acted as support and caused a sharp retracement back up to the 1,930.00 level. The 1,930.00 has acted as resistance and keeps the commodity price down. Most likely, the price will remain near 1,930.00 until the US Federal Reserve makes a rate statement and the follow up press conference makes its impact. Higher above, note previous notable round
The USD/JPY continues to fluctuate around the 130.00 level. Note that even the hourly moving averages are located now at that level. Previous forecast scenarios have been left unchanged. In general, the pair waits for future direction in the form of the US Federal Reserve Rate hike on Wednesday at 19:00 GMT. The move above 130.00 faces resistance in the 130.50
The GBP/USD has reached the 1.2300 mark, as it was expected on Tuesday. However, the pair appears to have paused above the round level, as it expects the reveal of the US and UK central bank monetary policy. The US Federal Reserve is set to make a statement on Wednesday at 19:00 GMT and the Bank of England will hike
The EUR/USD started a recovery, prior to properly touching the support of the 1.0800 mark. The low levels, which acted as support have been marked on the chart. The follow up recovery had reached above various technical levels including weekly simple pivot points and the 50, 100 and 200-hour simple moving average. The move back up to previous levels
The price of gold lost the support of the 1,920.00 level on Tuesday morning and sharply plummeted down to the support zone, which surrounds the 1,900.00 mark. If the commodity price recovers from the support zone, it could face resistance in the 1,920.00 mark and the three hourly moving averages near 1,925.00/1,930.00. Higher above, note previous notable round price levels
Despite other currencies dropping against the US Dollar, it appears that the Yen is holding its ground. The USD/JPY continues to fluctuate around the 130.00 level. Note that even the hourly moving averages are located now at that level. Previous forecast scenarios have been left unchanged. The move above 130.00 faces resistance in the 130.50 and 131.00 levels. Both of
The GBP/USD ended the waiting near 1.2400 mark and declined below 1.2350 on Tuesday morning. By the middle of the day, it appeared that the pair could reach the 1.2300 level. A move below the 1.2300 level might result in the rate looking for support in the weekly S1 simple pivot point at 1.2290. Further below, take into account the
The EUR/USD did not wait until the publication of the US Federal Reserve rate or the ECB rate, as on Tuesday morning the pair declined. Namely, the pair reached below the 1.0835/1.0840 range and approached the 1.0800 mark. An extension of the decline of the Euro against the US Dollar might look for support in the 1.0800 mark and
It appears that market participants have taken profits from the commodity price's recent surge. The price has declined to trade at 1,920.00/1,935.00. Meanwhile, the metal has broken the support of various moving averages and the support trend line, which has guided it recently. The near term future of the price for gold is going to be set by the US Federal
The USD/JPY is ignoring the technical levels like the weekly simple pivot point and hourly moving averages. The reason for the moves is the fact that the pair is waiting for the Wednesday's US Federal Reserve Rate hike. The move above 130.00 could face resistance in the 130.50 and 131.00 levels. Both of these levels have recently acted as resistance.