The surge of the GBP/USD almost touched the 1.2500, as it reversed. Namely, by the middle of Monday's trading session the rate had touched the low level of 1.2425. In general, the rate was expected to wait for the hourly simple moving averages or decline down to them. Economic Calendar On Wednesday, September 18, the UK CPI data will be published at 8:30
On Monday, the EUR/USD was looking for support, as it had passed the monthly pivot point, which kept the rate up on Friday. In general, the pair had two possible future scenarios. FOMC on Wednesday On Wednesday, September 18, the FOMC Statement and Economic Projections releases are expected at 18:00 GMT. Note that the Federal Funds Rate data will be published at
During today's morning, the XAU/USD exchange rate was trading near the psychological level at 1,505.00. Given that gold squeezed by the 55- and 100-hour moving averages, the price for the commodity could consolidate in the short term. Economic Calendar Analysis Today, the US Retail Sales data will be published at 12:30 GMT. Next week there will not be many events that could have
The USD/JPY currency pair has been testing the resistance level formed by the weekly R2 located at 108.13. If the given resistance holds, it is likely that bears could prevail in the market. Economic Calendar This week will end with the US Retail Sales data release at 12:30 GMT on Friday, September 13. Next week there will be only a couple
During today's morning, the GBP/USD exchange rate surged to the 1.2450 level. Note that the rate is testing the resistance level formed by the weekly R1 and the monthly R2. Thus, a reversal south could occur. Economic Calendar Today, the US Retail Sales data will be published at 12:30 GMT. Last time, the GBP/USD exchange rate moved for almost 19 pips. Next week there
During today's morning, the EUR/USD currency pair was trying to breach the resistance level formed by the weekly R1 at 1.1103. Given that the pair is supported by the 55-, 100- and 200-hour moving averages, it is likely that some upside potential could prevail. US Retail Sales at 12:30 GMT This week will end with the US Retail Sales release at 12:30
During today's morning, the XAU/USD exchange rate was trading near the psychological level at 1,505.00. Given that gold is supported by the 55- and 100-hour moving averages, the price for the commodity could go upwards. Economic Calendar Analysis This week, there will be a couple of data releases from the US that could have an impact on the price for gold. Today, the
Yesterday, the USD/JPY currency pair reached the resistance level formed by the weekly R2 at 108.13. During Thursday morning, a reversal south occurred. Given, that the pair is supported by the 55- and 100-hour SMAs, the US Dollar could consolidate against the Japanese Yen in the short term. Economic Calendar This week there are couple of events that could move the USD/JPY
The GBP/USD exchange rate has been consolidating near the monthly R1 at 1.2314 since Wednesday. If the given support level holds, the rate could reverse north in the short run. However, note that the British Pound is under pressure, as the Brexit crisis is escalating. Economic Calendar This week there are couple data releases from the US that could move the GBP/USD
During today's morning, the EUR/USD currency pair was trying to breach the resistance provided by the 55- and 100-hour moving averages. If the given resistance holds, a reversal south could occur in the nearest future, and the pair could target the psychological level at 1.1000. US CPI at 12:30 GMT This week, there are couple events that could have an impact on
The yellow metal has traded between the support of the 1,485.00 and 1,500.00 levels. The commodity price was consolidating after the decline that has been occurring since September 4. Meanwhile, the resistance of the hourly simple moving averages was approaching. Economic Calendar Analysis This week, there will be a couple of data releases from the US that could have an impact on
As expected, the USD/JPY retraced back down to 107.20 on Tuesday and resumed its surge. By the middle of Wednesday's London trading session, the currency exchange rate had reached the 107.80 level. Moreover, it had no technical resistance levels that could slow down the surge as high as 108.00. Economic Calendar This week there are couple of events that could move the USD/JPY
The rate's second attempt to pass the resistance of the 1.2380 level failed on Tuesday. Although, another attempt was about to take place on Wednesday morning. In general, the rate was being pushed up by the support of the 55-hour simple moving average, which strengthened the 1.2340 level. If the rate passes the 1.2380 mark, it could surge up to the
The EUR/USD broke out of the squeeze between the hourly simple moving averages to the upside and touched the upper trend line of a descending channel pattern. On Wednesday morning, the currency exchange rate bounced off the resistance and pierced the support of the 55 and 100-hour SMAs. With that the rate signalled that it is set to decline to the
A break out has occurred on gold's charts. The metal pierced the lower trend line of an ascending channel pattern due to the resistance of the 55-hour simple moving average. The SMA pushed the rate through the support line of the channel up pattern. The decline resulted in the metal's price reaching below the 1,490.00 level. Economic Calendar Analysis This week, there will
As it was speculated on Monday, the USD/JPY rate has reached the 107.50 level. After the event ther ate began a decline. In general, the rate was expected to consolidate by either trading sideways or declining down to the support of the 107.20 level. Economic Calendar This week there are couple of events that could move the USD/JPY pair. On Wednesday, September 11,
The GBP/USD tested the resistance of the 1.2350 level on Monday, as it was expected. Moreover, the resistance was broken, and the rate touched the 1.2380 level. On Tuesday morning, the rate had traded sideways above the 1.2340 level before beginning a surge. In theory, the rate could surge up to the weekly R1 of the simple pivot points at 1.2445. UK
As it was forecast, the EUR/USD reached the resistance levels at 1.1060. The event was followed by a decline down to the 55-hour simple moving average at 1.1040. In general, the pair was set to be supported by the 55 and 100-hour SMAs and face the resistance of the upper trend line of a channel down pattern near the already mentioned
Last week Dukascoin found support in the 0.7300 level. As it was expected, the event resulted in a surge, which reversed at the 0.8300 level. This week the coin started back at the support of the 0.7300 mark. Meanwhile, buy and sell order clusters had moved, indicating that support and resistance zones have changed. Previous Daily Candle Chart Updated Daily Candle Chart On
On Monday morning, the yellow metal's price continued to test the lower trend line of a channel up pattern near 1,505.00. The rate was expected to get squeezed between the described trend line and the resistance of the 55-hour simple moving average that was sharply heading down. Economic Calendar Analysis This week, there will be a couple of data releases from the US
Since the middle of Friday's London trading hours, the USD/JPY has been pushed up by the 55-hour simple moving average. The SMA was expected to push the pair into another test of the resistance at 107.20. If this resistance level gets passed, the rate could surge up to 107.50. Economic Calendar This week there are couple of events that could move the USD/JPY
On Monday morning, the GBP/USD was set to once more test the resistance of the 1.2350 level Note that the rate is supported by the 55-, 100- and 200-hour moving averages. Thus, some upside potential could prevail in the market. UK GDP and Manufacturing Production The British Pound appreciated against the US Dollar, following the UK Manufacturing Production and GDP data releases on
On Monday morning, the EUR/USD bounced off the support of a weekly pivot point at 1.1015 and began a surge. By the time this review was being done, the rate was located just below the 55-hour simple moving average at 1.1036. If this resistance level would be broken, the rate could surge to the 1.1060 level without meeting any resistance. Busy
Yesterday, the price for gold tumbled to the 1,510.00 level. During today's morning, the XAU/USD exchange rate was trading at the 1,505.00 mark. It is likely that yellow metal could consolidate against the US Dollar in the short run. Economic Calendar Analysis Today, US employment data will be published. The event will have three numbers being revealed – the Average Hourly Earnings, Non-Farm