The rate broke out of the recent squeeze to the upside. By the middle of Wednesday's GMT trading hours, the pair had reached and tested the resistance of the 200-hour simple moving average at 105.20 level. Future forecasts were based upon whether the 200-hour SMA manages to keep the USD/JPY rate down. Economic Calendar Throughout the whole day the Markit institute is
On Wednesday morning, the GBP/USD was piercing one by one the technical support levels of the cluster of levels that was spread out from 1.2700 to 1.2675. As the rate continued to be beat down by the weakness of the GBP caused by an increase of coronavirus measures, the rate was expected to reach even lower levels. Economic Calendar Wednesday is a
As forecast, the EUR/USD reached the 1.1700 level. Moreover, after trading sideways throughout the second half of Tuesday, at midnight GMT, the rate dropped to the 1.1680 level, which provided support. In the near term future, the rate was expected to consolidate until the hourly simple moving averages catch up and push the pair down. Economic Calendar Analysis Wednesday is a major
As expected, the yellow metal's price continued its decline on Monday. However, the bullion passed all expectations, as it tumbled down to trade below the 1,890.00 level. On Tuesday, the bullion was trading above the 1,900.00 mark. Economic Calendar Analysis Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services
After the sharp surge that was experienced on Monday, the USD/JPY currency exchange rate began to trade between the resistance of the 100-hour SMA and the support of the 55-hour simple moving average. On Tuesday morning, the SMAs were located at 104.70 and 104.50. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit
The decline of the GBP/USD continued throughout Monday. Moreover, on Tuesday morning, the currency exchange rate pierced the 1.2750 level and shortly touched the 1.2714 level. In the meantime, it was spotted that the rate faced the resistance of the monthly S2 simple pivot point at 1.2835 level. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole
Late on Monday, the lower trend line of the channel up pattern paused the rate's sharp decline and caused a retracement back up. However, on Tuesday morning, the pair was back at the support of the pattern and it pierced through it. In regards to the near term future, the pair was expected to test the support of the 1.1700
As the DUK+/EUR approached the 1.7000 level, a sell off began, which found support in the combination of the 55 and 100-day simple moving averages. In the near term future, the rate was expected to trade sideways in a wide range. Daily Candle Chart On the daily candle chart the pair has left below it the daily simple moving averages. Namely, the
On Monday morning, the yellow metal's price passed the support of the channel down pattern and reached the 1,930.00 level. This round price level provided support to the commodity price and the bullion began to trade sideways between 1,930.00 and 1,935.00. In the near term future, the price was expected to continue its decline. Economic Calendar Analysis Wednesday is a major day for
On Monday, the decline of the USD/JPY continued, as the pair reached the 104.00 level. This level provided support and caused a pause of the decline. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The indices are the result of a
As the media revealed that the government of the United Kingdom was considering a reinstatement of the coronavirus lockdown, the GBP/USD plummeted. On Monday morning, the drop was stopped by the support of a monthly pivot point at 1.2835. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish
On Monday, the EUR/USD failed at its third attempt to pass the resistance of the pivot point at 1.1867. The sudden decline was consistent with the German announcement that the country's government debt would reach 80% of GDP, which is the same level as in the aftermath of the financial crash. Economic Calendar Analysis Wednesday is a major day for other
The XAU/USD exchange rate revealed a short-term descending channel. From a theoretical point of view, it is likely that the rate could trade within the given channel. Economic Calendar Analysis Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The indices are the result of a
The USD/JPY currency pair remains to be below the 55-hour moving average near 104.90. Thus, it is likely that some downside potential could prevail in the market. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The indices are the result of a
The GBP/USD currency exchange rate remains to trade below the psychological level at 1.3000. It is likely that the rate could gain support from the 55-hour SMA and trade upwards. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The indices are the
The EUR/USD currency pair has revealed a medium-term descending channel. From a theoretical perspective, it is likely that the pair could reverse south from the upper channel line in the nearest future. Economic Calendar Analysis Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The
The yellow metal's price failed to pass the resistance of the 1,970.00 level despite making many attempts. Moreover, eventually, the price broke the hourly chart's rising wedge pattern. By the middle of Thursday's GMT trading hours, the rate had reached the support of the 1,940.00 mark. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US weekly Unemployment Claims could cause a move. Click
Not only did the rate reached the targeted 105.00 level on Wednesday, the pair broke the support of the technical levels at this mark. By the middle of Thursday's GMT trading hours, the pair had reached below the 104.80 level and had no close by technical support levels. Economic Calendar On Thursday, at 12:30 GMT, the US weekly Unemployment Claims could cause
On Wednesday, the GBP/USD rate reached the 1.3000 level and bounced off its resistance and began a decline. On Thursday morning, the rate found support in the 55-hour simple moving average and retraced back up. In the near term future, it appeared that the 1.3000 would be tested once again. Economic Calendar On Thursday, the Bank of England is scheduled to make
The Federal Reserve strengthened the US Dollar on Wednesday. Namely, its announcement essentially meant that the supply of the US Dollar would be smaller than the markets previously thought. A full report is set to be published soon. In the meantime, the following decline of the EUR/USD reached the 1.1740 level, which provided the rate with support. Economic Calendar Analysis On Thursday,
After reaching above the 1,970.00 mark, the yellow metal began a decline on Tuesday. The decline was stopped and the price reversed by the combination of the support of the lower trend line of the ascending wedge pattern and the 100-hour simple moving average. On Wednesday morning, the rate resumed its surge and once again tested the resistance of the pivot
The decline of the USD/JPY has continued, as on Wednesday morning the rate already passed the weekly S3 simple pivot point at 105.25. Next target for the rate's decline was the 23.60% Fibonacci retracement level at 105.03 and the monthly pivot point at 104.99. In addition, psychological support could be provided by the round 105.00 exchange rate level. Economic Calendar This week,
On Tuesday, instead of reaching the pivot point at 1.2945, the GBP/USD bounced off the resistance of the 1.2920 level. This level had also kept the rate down on Monday. On Wednesday morning, the currency exchange rate traded sideways between the mentioned resistance and the support of the 1.2880 level. Economic Calendar On Wednesday, at 12:30 GMT the US Retail Sales and
The EUR/USD made another attempt to pass the resistance of the 1.1900 level and failed on Tuesday. This event resulted in a decline, which reached the 1.1830 level by the start of Wednesday's trading. From that level, the rate began a recovery, which was piercing one resistance level after another, as the rate appeared to be returning to the 1.1900