The combination of the 50 and 100-hour simple moving averages together with the weekly simple pivot point failed to hold. The levels were passed and started to act as support. During the first part of Wednesday's European trading hours, the GBP/USD was approaching the resistance zone near 1.1950, as the weekly simple pivot point provided support at 1.1876. If the Pound
The EUR/USD has continued to recover, as on Wednesday morning the pair reached above 1.0340. During the ongoing surge it was noted that the 50, 100 and 200-hour simple moving averages could barely impact the currency pairs direction. Namely, the SMAs acted as support or resistance only a couple of hours. A continuation of the ongoing recovery of the Euro
The decline of the price of the yellow metal eventually found support in the 1,732.40 level. The event was followed by a recovery, which by mid-Tuesday had approached the 50-hour simple moving average near 1,747.00. A move above the 50-hour simple moving average could encounter resistance in the 1,750.00 mark. Higher above, note the combination of the 100 and 200-hour simple
The USD/JPY has revealed a resistance zone at 142.05/142.28. By the middle of Tuesday's trading, the pair had declined and appeared to be finding support in the weekly R1 simple pivot point at 141.53 and the 141.50 level. A decline below 141.50 of the USD/JPY pair might look for support in the 50-hour simple moving average and the 141.00 level. Further
As the 200-hour simple moving average approached the GBP/USD rate from below, a recovery started. The recent low and the November 17 low level have been marked as a support zone. On Tuesday morning, the pair reached the combined resistance of the 50 and 100-hour simple moving averages near 1.1855/1.1865. A move above 1.1865 could encounter resistance in the weekly simple
The EUR/USD has found support in the 1.0223/1.0226 range. This range provided enough support for the pair to reach above 1.0250. On Tuesday morning, the currency exchange rate was heading to the 50 and 200-hour simple moving averages near 1.0290/1.0300. A move by the pair above 1.0300 could encounter resistance in the 100-hour simple moving average near 1.0330. Higher
The price for gold has declined below the combination of the 1,750.00 mark and the 200-hour simple moving average. By the start of Monday's US trading hours, the commodity price had almost reached the 1,735.00 level. An extension of the decline could find support in the 1,730.00 level, which marks the September high level zone. However, in early November, the price
On Monday, an all out US Dollar's surge occurred. On the USD/JPY chart it resulted in a surge to the 142.00 level, which acted as resistance. A decline of the US Dollar against the Japanese Yen is expected to look for support in the 141.00 mark and the 200-hour simple moving average. Meanwhile, note that the 141.50 level and the weekly
The 1.1950 eventually provided enough resistance for the GBP/USD pair to decline. On Monday, the pair was finding support in the 1.1800 mark. In the case of a move below 1.1800, the currency pair might look for support in the 200-hour simple moving average near 1.1760. Further below, note the 1.1750 level and the weekly S1 simple pivot point at
On Monday, the EUR/USD passed below the 200-hour simple moving average near 1.0280, the 1.0250 mark and the weekly S1 simple pivot point at 1.0236. An extension of the ongoing decline might look for support in the 1.0200 mark and the combination of the 1.0150 level and the weekly S2 simple pivot point. Note that round levels have been impacting
The support of the 50-hour SMA eventually failed to push the commodity price through the resistance of the 1,784.20/1,786.60 zone. On Thursday morning, the follow up decline passed below the 1,766.15/1,768.30 range and the 100-hour simple moving average. A potential extension of the ongoing decline might look for support in round price levels like the 1,760.00, 1,750.00 and 1,740.00, before
On Thursday morning, the USD/JPY rate was reached by the additional resistance of the 100-hour simple moving average near 139.60. A resumption of the US Dollar's decline against the Japanese Yen could look for support in round exchange rate levels like the 139.00 and 138.00 mark, before reaching the weekly S1 simple pivot point at 135.63. However, a recovery of the USD
Since Tuesday, the GBP/USD currency exchange rate has been pushed up by the 50-hour simple moving average. The SMA has been strong enough to force the rate through the resistance of the 1.1900 mark. A move higher could encounter resistance in the 1.2000 mark, before approaching the weekly R1 at 1.2026. Higher above, note that the 1.2100 and 1.2150 levels
The situation on the EUR/USD charts remains almost unchanged. On Thursday, the 100-hour simple moving average had caught up with the pair and was acting as support near 1.0350. The surge of the Euro against the US Dollar could encounter resistance in the 1.0450 and 1.0500 levels, before reaching the weekly R1 simple pivot point at 1.0512. Higher above, note
Since early Tuesday's trading hours, the price for gold has been fluctuating between the support of the 1,766.15/1,768.30 zone and resistance at 1,784.20/1,786.60. On Wednesday morning, the commodity was observed to be finding support in the 50-hour simple moving average near 1,770.00. A surge of the commodity price is expected to test the resistance of the 1,784.20/1,786.60 zone, before approaching the
This week, the USD/JPY currency pair has been mostly located below the 140.00 mark, as on Tuesday the pair even shortly traded below 138.00. A resumption of the US Dollar's decline against the Japanese Yen could look for support in round exchange rate levels like the 139.00 and 138.00 mark, before reaching the weekly S1 simple pivot point at 135.63. However, a
In the aftermath of bouncing off the weekly R1 simple pivot point at 1.2026, the GBP/USD found support in the combination of the 1.1800 level and the 50-hour simple moving average. On Thursday morning, the recovery of the pair encountered resistance in the 1.1900 level. It could be clearly observed that round levels impacted the currency pair. A move above 1.1900
The EUR/USD has found support in the 50-hour simple moving average, which has been strengthening the 1.0350 level. The combination of these levels was enough to start a surge. The surge of the Euro against the US Dollar could encounter resistance in the 1.0450 and 1.0500 levels, before reaching the weekly R1 simple pivot point at 1.0512. Higher above,
The US Federal Reserve caused major USD volatility, which ended with a strengthening of the US Dollar. By the end of the event the price for gold had declined to 1,635.00. If the price for gold continues to decline, the commodity might find support in this week's low levels near 1,630.00. Further below, note the 1,615.00/1,622.00 zone, which has kept the
The initial announcement of the US Federal Reserve rate hike caused a decline of the USD/JPY to the late October low level zone at 145.13/145.67, which acted as support. Afterwards, explanations about policy that were given by the head of the US Federal Reserve Jerome Powell, caused a surge of the pair. By 20:00 GMT, the pair had approached the
Despite an initial boost due to the markets seeing something dovish in the US Federal Reserve Rate statement, as the US Federal Reserve Chairman Jerome Powell explained the position of the central bank, the GBP/USD plummeted below 1.1400. If the GBP/USD continues to lose value against the US Dollar, the pair might find support in the weekly S1 simple pivot
Initially, markets saw something bearish to the USD in the Federal Reserve rate hike. The EUR/USD surged and almost reached the 1.0000 mark. However, as the Chairman of the Federal Reserve Jerome Powell hosted the Press Conference, he explained that the Federal Reserve is not about to pivot and stop the monetary tightening policy. This resulted in a drop
On Friday, the US Dollar strengthened due to the major monetary easing being set to continue in Japan. As the Dollar index gained strength, the price for gold declined. By the middle of the day, the price had reached below 1,650.00. An continuation of the decline is expected to find support in two zones. First one is the 1,639.60/1,642.00 zone. The
Despite the massive depreciation of the Japanese Yen and currency interventions done by the Bank of Japan, the central bank has recently announced that it would stick to its monetary easing policy. The central bank has kept its short term interest rate target at -0.1% and pledged to keep the 10-year bond yield near 0.0%. Moreover, the policymakers stated that