The GBP/USD pair reached below the support of the channel up pattern, which afterwards turned into resistance. Once the pair approached the combined resistance of the 1.1350 level and the trend line, a decline started. At 06:00 GMT the decline increased due to the publication of the UK Consumer Price Index. It was revealed that year-on-year basis inflation in September in
On Wednesday, the EUR/USD declined below the support levels near 0.9800 and reached the 0.9760 level. During the second part of the day the pair fluctuated between the 0.9760 and 0.9800 levels. A move above 0.9800 could encounter resistance in the 50-hour simple moving average near 0.9840. Higher above, note the Monday's and Tuesday's high levels at 0.9865/0.9875. Afterwards, the
Despite attempting to recover at mid-day on Monday, the price for gold has returned to trade near the 1,650.00 level. On Tuesday morning, the pair attempted a recovery and failed due to the resistance of the 100-hour SMA and the 1,660.00 level. A resumption of the price recovery could encounter resistance in the 100-hour simple moving averages near 1,660.00. Higher
The USD/JPY has reached not only above the 148.85 level, but also the 149.00 mark. On Tuesday morning, the pair faced no resistance as high as the 150.00 mark and the weekly R1 simple pivot point at 149.98. However, the ongoing surge could be slowed down by the 149.50 level. On the other hand, a decline of the currency rate is expected
On Thursday, the GBP/USD currency pair reached above the 1.1400 mark and almost reached the 1.1450 level. However, before reaching the 1.1450 level, the GBP started a decline against the USD. During the early hours of Tuesday's trading, the pair as finding support in the 1.1300 level. Meanwhile, it was spotted that the rate has been surging in a channel
The EUR/USD broke the resistance of the 0.9800 level on Monday. By the middle of Tuesday's trading, a follow up surge had reached above the 0.9850 level. An extension of the ongoing surge of the Euro against the US Dollar could encounter resistance in the weekly R2 simple pivot point at 0.9897 and the 0.9900 mark. Higher above, the
The price for gold found support in the 1,640.00 level and the zone above it. On Monday, the price had recovered and reached above 1,650.00 . An extension of the price recovery could encounter resistance in the 50 and 100-hour simple moving averages near 1,660.00. Higher above, the last week's high levels above 1,680.00 might once again stop a surge. A decline
On Friday, the surge of the USD/JPY currency pair almost reached the 149.00 mark. However, resistance was encountered at 148.85. Since the event, the pair has been consolidating in the range between 148.40 and 148.85. A surge above 148.85 could encounter resistance in the 149.00 and 149.50 levels. Higher above, take into account the weekly R1 simple pivot point at 149.98
The Friday's decline of the GBP/USD pair found support in the 1.1150 level. By the start of Monday's European trading, the rate had recovered to the 1.1300 mark. A surge of the Pound against the US Dollar is expected to encounter resistance in the 1.1300 and 1.1350 levels, and the last week's high level zone above it. Higher, note the weekly
On Friday, the EUR/USD was highly volatile in the 0.9700/0.9800 range. On Monday, the pair was trading near the 0.9750 level. A recovery of the Euro against the US Dollar might encounter resistance in the 200-hour simple moving average near 0.9770. Higher above note the 0.9800 level and the weekly R1 simple pivot point at 0.9807. On the other hand,
The US Consumer Price Index release caused major volatility up and down on all US Dollar involved charts. On the gold price charts it resulted in a drop below 1,645.00 and a follow up recovery above 1,670.00. Above the 1,670.00 level, the 100-hour simple moving average acted as resistance and caused a decline. By the middle of Friday's trading, the
The high volatility of the US Consumer Price Index found support in the combination of the 146.50 level and the 50-hour simple moving average. Afterwards, the 147.00 mark turned into support and by the middle of Friday's trading, the pair had reached above 147.70. Namely, the pair traded above the 1998 high level of 147.60. A move higher could encounter
The GBP/USD currency exchange rate eventually surged after the US CPI release. The surge found resistance in the 1.1350/1.1375 zone, before starting a decline on Friday's morning. An extension of the ongoing decline could look for support in the combination of the weekly simple pivot point at 1.1215, the 1.1200 mark, the 50 and 200-hour simple moving averages and the October
The EUR/USD plummeted as higher than expected US inflation was revealed at mid-day on Thursday. However, as an hour passed and the US markets opened, the US Dollar declined against all assets. On the pair's charts it resulted in a surge to the resistance of the 0.9800 level. The round level acted as resistance and by mid-Friday the pair
Since October 11, the price for gold was almost flat, as the markets expected the US Consumer Price Inflation data at 12:30 GMT. The news are set to massively impact the US Dollar's value. Subsequently, the price for gold is set to adjust. A recovery is expected to find resistance in the 1.675.00 and 1,680.00 levels, before the Tuesday's high is
First of all, the surge of the USD/JPY has respected the upper trend line of the channel up pattern. However, the trend line might have been strengthened by the 147.00 level. Since the event, the rate retraced to the combined support of the weekly R2 simple pivot point at 146.64 and the 146.65 level. Up to mid-Thursday, the rate was
Prior to the US Consumer Price Index release, the GBP/USD approached the resistance zone at 1.1175/1.1180. Future direction depends on the US CPI at 12:30 GMT. A lower than expected inflation reading would result in a surge above 1.1175/1.1180, the 200-hour simple moving average, the 1.1200 mark and the weekly simple pivot point at 1.1215. Higher above, note the 1.1250, 1.1300
As the EUR/USD waited for the US CPI release on Thursday at 12:30 GMT, the pair remained in previous range. The future direction will be set by the macroeconomic data release. High inflation will beat the rate down and low inflation will cause a surge. A move down by the Euro against the USD lower would look for support first
The 1,657.50/1,662.50 zone has acted as support and held the price for gold up. Meanwhile, note that a surge up to the 1,685.00 was caused by fundamental news from the Bank of England. However, on Wednesday morning, the pair was once again at the support zone. A recovery from the support zone is expected to find resistance in the 1.675.00
The USD/JPY trades above the levels, where the Bank of Japan intervened with a 20 billion USD purchase of the Japanese Yen. The central bank appears to have failed at its attempt to stop the rate from reaching new highs. On Wednesday morning, the currency rate was clearly heading to the 146.50 level. In the meantime, it has been spotted
Announcements made by the Bank of England to pension funds and the broader markets increased the Pounds volatility. On the GBP/USD charts the result was a surge up to 1.1175/1.1180 and a follow up decline down to 1.0920/1.0935. On Wednesday morning, the currency pair had recovered to the combined resistance of the 1.1050 level and the 50-hour simple moving average. A
Despite shortly reaching above 0.9750, the EUR/USD still trades near 0.9700. Namely, the pair attempted to surge and encountered resistance in the 100-hour simple moving average. On Wednesday morning, the SMA had approached the 0.9750 level. A move of the Euro against the USD lower would look for support first in this week's low level zone at 0.9670/0.9680. An
The decline of the price for gold has slightly increased, as the price has approached a support zone near 1,660.00. In general, previous support and resistance levels have been marked on the chart. Note the zones near 1,640.00 and 1,660.00. Further below, note the September low level zone at 1,615.70/1,621.65. However, a recovery of the commodity price might encounter resistance in
On Tuesday morning, the USD/JPY currency pair reached the 145.85/145.90 zone, which is where the Bank of Japan intervened and beat the currency rate down. The zone acted as resistance and the pair retraced to the support of the 50-hour simple moving average near 145.50. A move above the 145.90 level is expected to encounter resistance in the weekly R1 simple