The GBP/USD exchange rate has revealed a falling wedge pattern. In theory, it is likely that some downside potential could prevail in the market, as the rate could trade within the given pattern. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, the
The EUR/USD currency pair continued to trade within the short-term ascending channel. During today's morning, the pair was testing the lower channel line. From a theoretical point of view, it is likely that a reversal south could occur. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to be cause notable reactions, as they have
Since Monday, the XAU/USD exchange rate has been testing the lower boundary of the ascending triangle pattern. From a theoretical point of view, it is likely that a reversal north could occur in the nearest future. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the
Yesterday, the USD/JPY currency pair declined below the 107.40 level. The pair could gain support from the 100-hour SMA and the Fibo 38.20% and reverse north in the nearest future. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, the US PPI on Wednesday and
The GBP/USD exchange rate remains to be under pressure of the 55-, 100- and 200-hour moving averages. In theory, it is likely that some downside potential could continue to prevail in the market. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, the
Yesterday, the EUR/USD currency pair revealed a short-term ascending channel. The pair has already re-tested the upper channel line. From a theoretical perspective, it is likely that the pair could re-test the lower channel line in the nearest future. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to be cause notable reactions, as they have done
Last week, the XAU/USD exchange rate revealed an ascending triangle pattern. Yesterday, the rate re-tested the lower pattern line near 1,695.00. During Tuesday morning, the rate reversed north. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, US CPI on Tuesday, US PPI on
The USD/JPY currency pair failed to surpass the resistance level formed by the weekly R2 and the monthly PP at 107.65. It is likely that some downside potential could prevail in the market within the following trading session. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in
Yesterday, the GBP/USD exchange rate tested the support level formed by the weekly and monthly S1s at 1.2290. Given that the rate is pressured by the 55- and 100-hour SMAs, it is likely that some downside potential could prevail in the market. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions,
The EUR/USD currency pair remains to be under pressure of the 55- and 100-hour moving averages. If the given moving averages hold, it is likely that some downside potential could prevail in the market. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to be cause notable reactions, as they have done in the past. Namely,
Last week, the XAU/USD exchange rate revealed an ascending triangle pattern. On Friday, the rate tested the upper pattern line. During today's morning, the rate reversed south from the given line. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, US CPI on Tuesday,
The USD/JPY currency pair breached the falling wedge pattern north and jumped to the weekly R1 at 107.20. In theory, the pair could continue to trade upwards in the nearest future. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, US CPI on Tuesday, US
On Friday, the GBP/USD exchange rate failed to exceed the 200-hour SMA near 1.2450. The given moving average pushed the rate down to the 1.2360 level. Given that the rate is also pressured by the 55- and 100-hour SMAs, it is likely that bears could prevail in the market. Economic Calendar This week, monthly US inflation and retail sales data sets
The EUR/USD currency pair failed to pass the resistance of the 200-hour SMA on Friday. During Monday morning, the pair was testing the 1.0820 level. Given that the pair is pressured by the 55- and 100-hour SMAs, it is likely that some downside potential could prevail. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to be
The resistance of the hourly simple moving averages held for eight hours until the SMAs failed. It resulted in a surge. Since late Thursday, the rate had been consolidating and trading sideways above the 1,715.00 mark. Economic Calendar Analysis The week will end with the employment data release from the United States, on Friday at 12:30 GMT. Next week, monthly US inflation and
On Friday, the USD/JPY currency exchange rate traded between the resistance of the 100-hour SMA near 106.45 and the support of the 55-hour SMA and weekly simple S1 pivot point at 106.32. In theory, the rate should get squeezed in between these levels and afterwards break out either up or down. Economic Calendar On Friday, the week will end with the employment
The lowest level that the GBP/USD reached on Thursday was the 1.2270 level. However, after touching this mark, the rate began a surge, which ended on Friday. By mid-Friday, the rate was squeezed in between the 55 and 100-hour simple moving averages near 1.2365 and 1.2400. Economic Calendar On Friday, the week will end with the employment data release from the
Instead of declining, the EUR/USD managed to pass the resistance of the 55-hour SMA on Thursday. By mid-day on Friday, the pair had managed to test resistance levels at 1.0856 and bounce off of them before finding support in 1.0820. Economic Calendar Analysis On Friday, the week will end with the employment data release from the United States, on Friday at 12:30 GMT.
On Wednesday, the yellow metal's price ended moving sideways, as it dropped to the support of the 1,685.00 level. On Thursday, the price bounced off the support of the 1,685.00 and began to test the resistance of the 55 and 100-hour simple moving averages near 1,697.00. Economic Calendar Analysis There are no notable events scheduled for Thursday that could affect the exchange rate. On
The USD/JPY decline found support in the psychological strength of the 106.00 round exchange level. This event resulted in a surge, which by the middle of the day had reached the 106.60 mark. By the middle of Wednesday's European trading hours, the rate's decline had reached below the 106.20 mark. Economic Calendar On Friday, the week will end with the employment data
At midnight to Thursday, the GBP/USD found support in the 1.2320 mark. By mid-day the rate had tested the 50.00% Fibo at the 1.2418 level and bounced off it. The high volatility was caused by the Bank of England rate announcement. In the meantime, the pair had pierced the support of the large scale ascending triangle pattern. BoE Monetary Policy
Since the middle of Wednesday's European trading hours, the EUR/USD has traded sideways near the 1.0800 level. However, it appeared by mid-day on Thursday that the sideways trading is about to end. Economic Calendar Analysis On Friday, the week will end with the employment data release from the United States, on Friday at 12:30 GMT. Next week, monthly US inflation and retail sales
The situation on the yellow metal's price charts has not changed, as the rate continues to trade near the 1,700.00 mark, where it is being influenced by the hourly simple moving averages. Economic Calendar Analysis There are no notable events scheduled for Thursday that could affect the exchange rate. On Friday, the week will end with the employment data release from the United
The resistance of the 38.20% Fibo at 106.86 held. In the aftermath of the bounce off from the resistance level, a decline began. By the middle of Wednesday's European trading hours, the rate's decline had reached below the 106.20 mark. Economic Calendar There are no notable events scheduled for Thursday that could affect the exchange rate. On Friday, the week will end with