On Thursday, gold reached the targeted S1 of the simple pivot points at the 1,475.18 level. Moreover, the level was also strengthened by the 200-hour simple moving average, which was also expected. This resulted in a decline, which by the middle of Friday's trading session had bounced off the support levels near the 1,462.00 level. In regards to the near term
Since Thursday's noon, the USD/JPY has been recovering from the decline, which started on November 8. By the middle of Friday's trading, the rate had broken the resistance of the 55-hour simple moving average at 108.70. Economic Calendar On Friday, the US Retail Sales data sets will be out at 13:30 GMT. The release has caused moves from 16.2 to 25.4 pips. Next week,
The breaking of the resistance of the 200-hour SMA resulted in the GBP/USD almost reaching the 1.2890 level. By the middle of Friday's trading the rate had retreated from this level and fluctuated in a 20 pip range without any support or technical levels keeping it in certain borders. UK Consumer Price Index The British Pound traded sideways against the US Dollar,
The EUR/USD managed to find support in the 1.0990 level and surge. On Friday, the rate had ended the surge, as it met resistance at 1.1030. In regards to the near term future, the pair was expected to get squeezed in between the support of the 55 and 100-hour SMAs near 1.1015 and the resistance of the 200-hour SMA at 1.1040. Economic
The recovery of gold's price continues. By the middle of Thursday's trading the yellow metal had reached the 1,470.00 level. In regards to the future, the commodity price is still expected to reach for the pivot point at 1,475.18. Economic Calendar Analysis The US PPI and Core PPI data sets are scheduled to be released on Thursday at 13:30 GMT. This is
The USD/JPY continued its decline on Wednesday and Thursday morning. By the middle of Thursday's London trading hours, the USD/JPY touched the 108.60 level. The rate was expected to reach the 108.44 level, where it would meet with a couple of technical support levels. Economic Calendar The US PPI and Core PPI data sets are scheduled to be released on Thursday at 13:30
On Thursday, the GBP/USD signalled that the rate has ended its volatile sideways trading by breaking the resistance of the 200-hour simple moving average. If a surge follows, the rate should reach for the resistance of the weekly R1 of the simple pivot points at 1.2895. Pound Appreciated on UK Election News During Monday, November 11, the British Pound appreciated 73 pips
On Thursday morning, the EUR/USD touched a low level at 1.0995. Afterwards, it began a surge, which quickly reached the resistance of the 55-hour simple moving average near 1.1015. The SMA provided the needed technical resistance to cause a decline, which was expected to reach new low levels. US Consumer Price Index The European Common Currency traded sideways against the US
The yellow metal managed to find support in the 1,450.00 level on Tuesday. By the middle of Wednesday's trading, the pair had reached above technical levels that are located just below 1,465.00. By passing the technical levels the rate had no technical resistance as high as the pivot point at 1,475.18. Economic Calendar Analysis This week, US data is set to impact
On Wednesday, the USD/JPY suddenly dropped to the 200-hour simple moving average. The drop could be attributed to the events in Hong Kong. Namely, Reuters reported that finance firms in Hong Kong urged their staff to remain at home. It might be possible that the firms, which stopped trading, moved their cash reserves into the JPY. Economic Calendar This week, US data
On Wednesday, the GBP/USD rate remained near the support levels, where it had been located on Tuesday morning. Note that the rate had made a failed attempt to surge, which was stopped by the 200-hour simple moving average. In general, yesterday's forecast was still valid. It was dependant on what would happen at the 1.2830 level. Pound Appreciated on UK Election
As expected, the hourly simple moving averages managed to push the EUR/USD down. On Wednesday morning, the currency pair had already touched the 1.1000 level, which began to provide support. In regards to the future, the decline is expected to continue. The hourly SMAs should catch up and provide resistance that would push the rate through the 1.1000 level. Economic Calendar Analysis This
The yellow metal's price has declined to the 1,450.00 mark. In general, the decline continues. In regards to the near term future, another drop or consolidation is expected. Economic Calendar Analysis This week, US data is set to impact the price of gold through the value adjustments of the USD. On Wednesday, at 13:30 GMT the US Consumer Price Index and Core Consumer
The USD/JPY bounced off the support levels that are located just below the 109.00 mark. By the middle of Tuesday's trading session the currency exchange rate had reached above the resistance of the 55 and 100-hour simple moving averages and touched the 109.30 level. Economic Calendar This week, US data is set to impact the currency exchange rate through the value of
Brexit news caused another spike in the GBP/USD charts. A report on the event will be published in the near term future.Although, the move could have been caught, as the rate broke the resistance of a channel down pattern just before the surge. It signalled that a surge is set to occur. However, by the middle of Tuesday's trading the currency
The EUR/USD broke out from the falling wedge pattern of the hourly chart and began to trade in limbo around the 55-hour simple moving average. The rate was expected to be pushed down by the SMA. Moreover, the 100-hour simple moving average was approaching the currency exchange rate. Economic Calendar Analysis This week, US data is set to impact the EUR/USD currency exchange
Last week DUK+/EUR rate found support earlier than it was expected. Namely, the 0.9000 level provided enough support to cause a surge. On Monday, the exchange rate had already touched the high level of 1.2500, where it encountered the technical resistance of the R1 of the simple weekly pivot points. In regards to the near term future, the rate had a couple
Gold started the week by trading up. Namely, it surged from the 1,460.00 level to the 1,465.00 level. The metal was expected to reach the 1,470.00 level, where it would meet with the technical resistance of the 55-hour simple moving average. Economic Calendar Analysis This week, US data is set to impact the price of gold through the value adjustments of
On Monday, the USD/JPY continued the decline, which it began on Friday. By the middle of the day's London trading hours, the rate had reached the support of a pivot point at 108.97. The rate had a couple possible future scenarios, which are described below. Economic Calendar This week, US data is set to impact the currency exchange rate through the value of
The GBP/USD started the week higher and retraced back up to the 55-hour simple moving average. The same SMA, which pushed the rate down last week. The rate was expected to be pushed down by it once again. UK Monetary Policy The British Pound depreciated against the US Dollar, following the UK Monetary Policy Summary release on Thursday at 12:00 GMT. The
The EUR/USD has started the week at 1.1020 level. In general, the rate was being pushed down by the 55 and 100-hour simple moving averages, which were located at 1.1043 and 1.1061. Meanwhile, the pair had no technical support as low as the 1.0967 level. However, the 1.1000 mark should provide psychological support. Economic Calendar Analysis This week, US data is set to
The commodity price broke the support of the medium scale pattern. It occurred in a sharp move, which gained momentum and reached as low as the 1,460.00 level. On Friday, the rate was consolidating in the aftermath of the previous move down. Economic Calendar Analysis There are no more events scheduled for this week, which could impact gold prices through the value
The surge of the USD/JPY has reached the 109.40 level. Moreover, the pivot point at 109.39 was pierced on Thursday. In regards to the near term future, the rate was expected to consolidate and afterwards resume its surge. Economic Calendar There are no more relevant events this week that could impact the USD/JPY currency exchange rate. Next week's reaction tables have been published. Take
On Friday, the GBP/USD continued to consolidate by trading sideways near the 1.2820 level. The rate was expected to end the week trading sideways and make a move on Monday. UK Monetary Policy The British Pound depreciated against the US Dollar, following the UK Monetary Policy Summary release on Thursday at 12:00 GMT. The GBP/USD exchange currency rate lost 42 pips or