The USD/JPY currency pair pierced the Fibo 38.20% at 106.86, however, failed to decline below 106.50. During Monday morning, the pair was testing the resistance provided by the 55-hour SMA and the weekly PP in the 107.10 area. Economic Calendar This week, data releases are scheduled to start on Tuesday. However, the US CPI data sets have not caused notable moves. Normal
The GBP/USD exchange rate failed to exceed the psychological level at 1.2660. On Monday morning, the rate was testing the support formed by the 100-hour SMA and the weekly PP at 1.2590. Economic Calendar This week, data releases are scheduled to start on Tuesday. However, the UK GDP and the US CPI data sets have not caused notable moves. Normal
On Friday, the EUR/USD currency pair reversed north from the monthly PP at 1.1253. During Monday morning, the pair was testing the support formed by the 55- and 100-hour SMAs, as well the weekly PP near 1.1305. Economic Calendar Analysis This week, data releases are scheduled to start on Tuesday. However, the US CPI data sets have not caused notable moves. Normal
The yellow metal failed to pass the resistance of the 1,815.00 level on Thursday. The commodity price retreated and on Friday found support in the 100-hour simple moving average at 1,795.90. This event resulted in a surge, which was set to result in another test of the mentioned 1,815.00 resistance level. Economic Calendar Analysis On Friday, the US Producer Price Index and US
The USD/JPY has continued to decline, as the support of the 107.20 level eventually gave in and let the rate fall. By the middle of Friday's GMT trading hours, the currency exchange rate had reached the 106.75 level and had no technical support as low as 106.46. Economic Calendar On Friday, the US Producer Price Index and US Core Producer Price Index
The GBP/USD did not continue its surge on Thursday. Instead, at 14:00 GMT, the rate began a decline. On Friday, the rate's decline had reached below the 1.2580 mark. On Friday morning, the rate had a few possible future scenarios. Economic Calendar On Friday, the US Producer Price Index and US Core Producer Price Index are set to be released. In the
The EUR/USD decline has passed the support of the hourly simple moving averages and reached the zone just above the 1.1250 level. During early Friday's trading hours, the pair was retracing up and had reached the 1.1290 level. Economic Calendar Analysis On Friday, the US Producer Price Index and US Core Producer Price Index are set to be released. In the recent
The resistance line of the 2019 and 2020 high levels has been broken, the yellow metal's price has reached a new high level. Namely, the surge was stopped by the resistance of the 1,815.00 price level. On Thursday, the commodity price was trading sideways, as it consolidated its gains and awaited for the support of the hourly simple moving averages. Economic Calendar
On Wednesday, a decline of the USD/JPY was expected. The forecast was not precise, as instead of gradually declining the rate plummeted below the target and crashed patterns in a couple of hours after the daily publication was made. On Thursday, the rate had found support in the 107.20 level and traded almost sideways. Economic Calendar On Thursday, at 12:30 GMT the
As forecast, the GBP/USD traded sideways until the 55-hour SMA caught up with it and pushed it up. Namely, the SMA caused a surge, which by the middle of Thursday's GMT trading hours had reached 1.2660 level. In theory, the pair should continue the surge, as it had no technical resistance as high as 1.2700. Economic Calendar On Thursday, at 12:30 GMT
The 100-hour SMA managed to hold on Wednesday. Eventually, the squeeze between the 55 and 100-hour SMAs resulted in a sharp move upwards, as the 55-hour SMA failed. At mid-day on Thursday, the rate was retreating to the combined support of the weekly R1 simple pivot point at 1.1308, the 55-hour SMA at 1.1305 and the 100-hour SMA at 1.1292. Economic
The yellow metal has broken the resistance of the 1,785.00/1,790.00 resistance zone in a sharp swing move upwards. The swing was stopped by the upper trend line of a rising wedge pattern on the hourly candle chart and the 2019 and 2020 high level connecting line on the daily candle chart. Economic Calendar Analysis On Thursday, at 12:30 GMT the weekly US Unemployment
During the last twenty four hours up to the GMT time zone morning, the USD/JPY revealed two channel patterns. Namely, a medium scale channel up pattern and a junior channel down. In theory, the pair is set to decline below the 107.40 level. However, there are more than one ways to get there. Economic Calendar On Thursday, at 12:30 GMT the weekly
The 55 and 100-hour simple moving averages provided the GBP/USD with the needed support to start a surge. On Tuesday, the surge reached the weekly R1 pivot point at 1.2593, from which it bounced off. Afterwards, since retreating to the 1.2550 mark, the currency exchange rate has been trading sideways. Economic Calendar On Thursday, at 12:30 GMT the weekly US Unemployment Claims
The decline of the EUR/USD was stopped by the technical support of the 100-hour simple moving average. On Wednesday morning, the pair continued to be supported by the SMA. However, it could be observed that the SMA's support was being pierced, as the rate shortly fluctuated below it, which signalled an upcoming decline. Economic Calendar Analysis On Thursday, at 12:30 GMT the
The yellow metal failed at the attempt to pass the resistance zone of the 1,785.00 and 1,790.00 levels. On Tuesday, the rate declined and reached the 1,775.00 level, which was about to be supported by the 200-hour simple moving averages. Economic Calendar Analysis On Thursday, at 12:30 GMT the weekly US Unemployment Claims are set to be released. They could create above average
The decline of the USD/JPY on Monday reached the 107.25 level. However, by the middle of Tuesday's GMT trading hours, the rate had recovered and reached above 107.75. At mid-day it was observed that the 107.75 provided resistance to the rate. Economic Calendar On Thursday, at 12:30 GMT the weekly US Unemployment Claims are set to be released. They could create above
The 1.2520 level stopped the GBP/USD exchange rate's attempts to surge throughout Monday and early Tuesday. By the middle of the day's GMT trading hours, the rate had dipped down to the 1.2470 level. Economic Calendar On Thursday, at 12:30 GMT the weekly US Unemployment Claims are set to be released. They could create above average volatility. On Friday, the US Producer Price
On Monday, the EUR/USD reached the 1.1346 level before it began a decline. By the middle of Tuesday's GMT trading hours, the decline had reached the 1.1260 mark. In the near term future, the rate was expected to recover, as it had found support in the 100-hour simple moving average. Economic Calendar Analysis On Thursday, at 12:30 GMT the weekly US Unemployment
As the 200-day simple moving average moved higher, the DUK+/EUR exchange rate surged. The rate reached the 1.5700 mark, where it encountered resistance and began a decline. On July 6, the rate's decline had reached the 1.5200 mark and had no support as low as the 1.5000. Daily Candle Chart On the technical daily candle chart, it can be observed that the
On Monday, the metal's price began a surge. The surge was caused by the support of the 200-hour simple moving average. By the middle of Monday's GMT trading hours, the currency exchange rate had reached the 1,785.00 level. Economic Calendar Analysis During the week, notable macroeconomic data releases are set to start on Monday at 14:00 GMT. The US ISM Non-Manufacturing PMI
As expected, the USD/JPY made a sharp move. Namely, the rate started the week's trading with a surge up to the 107.75 level. However, the 107.75 mark provided resistance and caused a decline. By the middle of the day's GMT trading hours, the pair had reached the 107.50 level. Economic Calendar During the week, notable macroeconomic data releases are set to start
At mid-day on Monday, the GBP/USD broke the medium channel down pattern of the hourly candle chart. The event signalled that the currency exchange rate could continue to surge. In theory, a surge could reach for the 1.2600 level, as there was no technical resistance as high as 1.2593. Economic Calendar Macroeconomic data releases are set to start on Monday at 14:00
The EUR/USD has started the week with a surge. By the middle of Monday's GMT trading hours, the currency exchange rate had reached the resistance of the 1.1300 level. The rate's future scenarios were based upon what would occur at the 1.1300 level. Economic Calendar Analysis Notable macroeconomic data releases are set to start on Monday at 14:00 GMT. The US ISM