The yellow metal's price reached the support zone that surrounds the 1,680.00 level. This zone provided enough support for the price to consolidate by trading sideways above it. However, on Wednesday morning another attempt to pass it was made. The near term future scenarios were based upon whether or not the support zone holds. Due to that reason, Tuesday's forecasts remained
The testing of the 110.50 level's resistance was short, as during one hour it was passed. On Wednesday morning, the USD/JPY had almost reached the 111.00 level before retracing back down. In the meantime, note that the 110.40 and 110.20 levels had provided resistance and support. Economic Calendar On Wednesday, at 13:15 GMT, the US ADP Non-Farm Employment Change is set to
Since the second part of Tuesday's trading, the GBP/USD has been finding support and resistance in round exchange rate levels. Namely, it found support in 1.3710 and 1.3720 and resistance was provided by 1.3750 and 1.3760. On Wednesday morning, the rate was approaching the resistance of the 1.3780 level, which was strengthened by the 200-hour simple moving average and the
During the early hours of Wednesday's trading hours, the EUR/USD found support in the 61.80% Fibonacci retracement level at the 1.1705 level. It resulted in a surge, which was heading to the resistance of the 55-hour simple moving average. Economic Calendar Analysis On Wednesday, at 13:15 GMT, the US ADP Non-Farm Employment Change is set to be released. This event has caused
Gold ended the sideways trading in a twenty dollar range just after mid-day on Monday. The commodity price passed the support of the 1,722.20/1,725.30 zone. It resulted in a sharp move down, which was followed by narrow sideways trading. On Tuesday, the decline resumed, as by the middle of the day, the price had reached below the 1,690.00 level. Economic Calendar Analysis On
The USD/JPY passed the resistance of the June high at 109.83, where a 61.80% Fibonacci retracement level was located at. Moreover, by the middle of Tuesday's trading, the rate had almost reached the 110.50 level. Namely, the weekly R1 simple pivot point at 110.24 and the 110.00 level failed to stop the surge. Economic Calendar On Wednesday, at 13:15 GMT, the US
As the rate tested the upper trend line of the channel up, suddenly a decline started at mid-day on Monday. The sharp decline down ignored the support of the 200-hour simple moving average, the support zone below the 1.3820 level and the weekly simple pivot point at 1.3780. Afterwards, short term support and resistance was being provided by the 55
During the early hours of Tuesday's trading, the support of the 1.1763 level failed and the EUR/USD declined. By the middle of the day, the rate had reached below the 1.1750 mark. Economic Calendar Analysis On Wednesday, at 13:15 GMT, the US ADP Non-Farm Employment Change is set to be released. This event has caused EUR/USD moves from 4.3 to 15.7 pips since
This week, the DUK+/EUR rate stands flat at 3.5100. It moved to this level during buying that occurred on March 23. It appears that a large buyer took up all the sell orders up to 3.5100 and a big portion of the sell order wall, which was located at this level. On Monday, March 29, 2730.00 coins were set to be
The yellow metal remains in the range between the two support zones that were marked last week. From above, the rate is facing resistance from 1,745.55 to 1,747.30. From below, a support zone is located at 1,722.20/1,725.30. In the meantime, it was spotted on Monday that the metal's price was being impacted for short time periods by he 55, 100 and
The USD/JPY reached the June high level at 109.83 where a 61.80% Fibonacci retracement level is located at. The rate reached the target faster than forecast, as the pair broke the narrow channel up pattern, which had guided the rate before. Afterwards, two attempts to pass the Fibonacci retracement level were made and both failed. By the middle of Monday's
The GBP/USD started the week with a sharp surge, which broke various resistance levels. By the middle of Monday's European trading hours, the pair had reached above the 1.3840 level. In the meantime, the rate's recent surge revealed a channel up pattern. The pattern captures the rate's surge, which has been occurring since March 25. The channel's borders could provide
Since Friday, the EUR/USD has been kept down by the combined resistance of the 1.1800 level and the 55-hour simple moving average. In the meantime, it was spotted that since Thursday the rate has been finding support in the 1.1763 level. In the near term future, the rate was expected to get squeezed into the 1.1763 level by the declining 55-hour
The yellow metal continued to trade sideways in a wide range. On Friday, analysts marked the borders of the zone. From above, the rate is facing resistance from 1,745.55 to 1,747.30. From below, a support zone is located at 1,722.20/1,725.30. Economic Calendar Analysis Next week, on Wednesday, at 13:15 GMT, the US ADP Non-Farm Employment Change is set to be released. On
Just before Friday's mid-day European trading hours, the USD/JPY broke the resistance of the 109.25/109.35 zone. Due to that reason, the rate was expected to reach for the resistance levels that were located from 109.73 to 109.83. In the meantime, the currency exchange rate has revealed a narrow channel up pattern, which has guided the rate's surge since the start
The support of the 1.3670/1.3675 zone was enough for the currency exchange rate to break the channel down pattern. Moreover, by the middle of Friday's trading, the rate had passed the resistance of the 55 and 100-hour simple moving averages. Economic Calendar Next week, the week will start on Wednesday with the UK Final GDP at 07:00 GMT. The GBP/USD has
The decline of the EUR/USD continued, as the 1.1800 level was passed on Thursday and the rate reached the 1.1762 level. The rate rebounded from the 1.1762 mark and began a recovery. By the middle of Friday's European trading hours, it appeared that the EUR/USD could test the resistance of the 1.1800 level. Economic Calendar Analysis Next week, on Wednesday, at 13:15
Since the start of Wednesday's trading, the yellow metal has been trading between the 1,730.00 and 1,740.00 levels. In the meantime, the price is being slightly impacted by the hourly simple moving averages and the Fibonacci retracement levels of the March 18 high and the March 12 low levels. In regards to the near term future, the rate is highly likely
The resistance of the 55-hour simple moving average did not hold out on Wednesday. Moreover, by the middle of Thursday's European trading hours, the rate passed the resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point. Namely, at mid-day the rate had reached above the 109.00 level and the US Dollar had regained all
The GBP/USD remains in a channel down pattern, which has guided the rate since March 18. However, the decline has not reached a new low level, as the rate appears to have found support in the 1.3670/1.3675 level. In regards to the near term future, the rate was expected to get squeezed in between the mentioned support zone and the
The decline of the EUR/USD reached the 1.1800 mark during early Thursday's trading hours. The near term future depended on whether or not the 1.1800 level and the weekly S2 at 1.1808 provide support to the currency exchange rate. Economic Calendar Analysis On Thursday, the week will end for EUR/USD macro events, as the US Final GDP is set to be released
In a sharp move just after mid-day on Tuesday, the support of the 200-hour simple moving average was passed. However, almost immediately the rate found support in the 1,725.00 level. By the middle of Wednesday's European trading hours, the metal's price had retraced back up to the 1,735.00 level. Economic Calendar Analysis On Wednesday, at 13:45 GMT the US Services and Manufacturing PMIS
The USD/JPY did not need the support of the 50.00% Fibonacci retracement level at 108.35 to recover. The rate found support just above the 108.40 mark and surged to the 55-hour simple moving average, which provided resistance. By the middle of Wednesday's trading, the rate was making another attempt to pass the 55-hour SMA. Economic Calendar On Wednesday, at 13:45 GMT the
The decline of the GBP/USD has reached below the 1.3700 level. Moreover, the descending channel pattern, which was previously broken has been adjusted. Namely, the upper trend line has been set at the Tuesday's high levels. Economic Calendar On Wednesday, at 13:45 GMT the US Services and Manufacturing PMIs could cause moves from 7.8 to 30.5 pips. On Thursday, the US Final