The USD/JPY passed the supporting trend line of the channel up pattern, which guided the rate since August 15. However, the 100-hour simple moving average almost immediately provided the pair with additional support. Afterwards, the rate returned to trading in the borders of the channel. Economic Calendar On Wednesday, US Durable Goods Orders release at 12:30 GMT could cause an
The decline of the GBP/USD recovered after reaching the 1.3600 level. By the middle of Monday's European trading hours, the currency exchange rate had recovered to the 1.3660 level. In addition, analysts have spotted a new channel down pattern on the pair's hourly candle chart. Economic Calendar On Wednesday, US Durable Goods Orders release at 12:30 GMT could
At the start of this week's trading, the EUR/USD currency exchange rate passed the resistance of a channel down pattern. The pattern had guided the rate down since August 13. During the early hours of Monday's trading, the pair reached and bounced off the resistance of the weekly simple pivot point at 1.1723 and reached the support of a 61.80% Fibonacci
On Thursday, the yellow metal's price declined by 100 pips or 0.55%. A breakout occurred through the lower boundary of an ascending channel pattern during Thursday's trading session. Economic Calendar Analysis XAU/USD short-term forecast Technical indicators suggest that the commodity is likely to continue to edge lower. Bearish traders could target the 200– hour simple moving average at 1763.9 within
On Thursday, the US Dollar declined by 62 pips or 0.56% against the Japanese Yen. The decline was stopped by the 100– hour simple moving average at 109.58 during yesterday's trading session. Economic Calendar USD/JPY short-term review Currently, the exchange rate is trading near the lower boundary of an ascending channel pattern and could be set for a breakout.
The British Pound plummeted by 110 pips or 0.80% against the US Dollar on Thursday. A breakout occurred through the lower boundary of a descending channel pattern during Thursday's trading session. Economic Calendar On Friday, the UK Retail Sales could cause a move from 7.4 to 20.6 pips at 06:00 GMT. GBP/USD short-term review Given that a breakout has occurred,
During the first half of Thursday's trading session, the EUR/USD currency pair surged by 30 pips or 0.26%. However, the exchange rate erased the earlier gains by the end of the trading session. Economic Calendar Analysis EUR/USD hourly chart's review Technical indicators suggest buying signals on the 4H and daily time-frame charts. Most likely, the European single currency could edge lower
On Wednesday, the yellow metal's price declined by 108 pips or 0.61%. The commodity breached the 55– hour simple moving average during yesterday's trading session. Economic Calendar Analysis On Thursday, the US Unemployment Claims could cause a move from 5.9 to 28.8 pips. XAU/USD short-term forecast The exchange rate breached the lower boundary of an ascending channel pattern during the Asian session
On Wednesday, the US Dollar surged by 55 pips or 0.51% against the Japanese Yen. A breakout occurred through the upper line of a descending channel pattern during yesterday's trading session. Economic Calendar On Thursday, the US Unemployment Claims could cause a move from 5.9 to 28.8 pips. USD/JPY short-term review Given that a breakout has occurred, buyers could continue
Since the second half of yesterday's trading session, the British Pound has declined by 58 pips or 0.42% against the US Dollar. The currency pair tested the lower line of a descending channel pattern at 1.3714 on Thursday morning. Economic Calendar On Thursday, the US Unemployment Claims could cause a move from 9.5 to 22.8 pips. On Friday,
On Wednesday, the Eurozone single currency declined by 29 pips or 0.25% against the US Dollar. The currency pair breached the lower boundary of a descending channel pattern during the Asian session on Thursday. Economic Calendar Analysis On Thursday, the US Unemployment Claims could cause a move from 5.9 to 28.8 pips. EUR/USD hourly chart's review All things being equal, the EUR/USD
The yellow metal's price decreased by 134 pips or 0.75% on Tuesday. The decline was stopped by the 55– hour simple moving average at 1784.1 during Tuesday's trading session. Economic Calendar Analysis On Wednesday, the top event of the week would occur. At 18:00 GMT, the US FOMC Meeting Minutes could cause a move from 10.8 to 54.3, as
The USD/JPY currency pair bounced off the lower line of a descending channel pattern at 109.18 on Tuesday. As a result, the US Dollar surged by 50 pips or 0.46% against the Japanese Yen during yesterday's trading session. Economic Calendar On Wednesday, the top event of the week would occur. At 18:00 GMT, the US FOMC Meeting Minutes
Bearish sentiment pressured the GBP/USD currency pair on Tuesday. As a result, the British Pound sank by 114 pips or 0.83% against the US Dollar during Tuesday's trading session. Economic Calendar Wednesday would start with the UK Consumer Price Index at 06:00 GMT. This event has created moves from 8.8 to 13.2 pips. On the same day, at 18:00
Downside risks dominated the EUR/USD currency pair on Tuesday. As a result, the common European currency fell by 73 pips or 0.62% against the US Dollar during yesterday's trading session. Economic Calendar Analysis On Wednesday, the top event of the week would occur. At 18:00 GMT, the US FOMC Meeting Minutes could cause a move from 10.8 to 54.3, as it
Upside risks dominated the XAU/USD exchange rate on Monday. As a result, the yellow metal surged by 174 pips or 0.99% against the US Dollar during Monday's trading session. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Core Retail Sales and US Retail Sales are expected to be released. The Retail Sales have caused moves from 9.4 to 19.3
On Monday, the US Dollar edged lower by 56 pips or 0.51% against the Japanese Yen. The currency pair tested the weekly support level at 109.19 during Monday's trading session. Economic Calendar On Tuesday, at 12:30 GMT, the US Core Retail Sales and US Retail Sales are expected to be released. The Retail Sales have caused moves from 9.4 to
The 200– hour simple moving average pressured the GBP/USD currency pair on Monday. As a result, the Pound Sterling declined by 44 pips or 0.31% against the US Dollar. Economic Calendar On Tuesday, at 12:30 GMT, the US Core Retail Sales and US Retail Sales are expected to be released. The Retail Sales have caused moves from 9.4 to
On Monday, the common European currency declined by 28 pips or 0.24% against the US Dollar. The decline was stopped by the weekly pivot point at 1.1766 during Monday's trading session. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Core Retail Sales and US Retail Sales are expected to be released. The Retail Sales have caused moves from 9.4 to
The yellow metal's price rose by 275 pips or 1.57% on Friday. The commodity breached the 200– hour simple moving average at 1769 during Friday's trading session. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Core Retail Sales and US Retail Sales are expected to be released. The Retail Sales have caused moves from 9.4 to 19.3 pips since January.
Downside risks dominated the USD/JPY currency pair lower during Friday's trading session. As a result, the US Dollar fell by 91 pips or 0.83% against the Japanese Yen on Friday. Economic Calendar On Tuesday, at 12:30 GMT, the US Core Retail Sales and US Retail Sales are expected to be released. The Retail Sales have caused moves from 9.4 to 19.3
The GBP/USD currency pair bounced off a support level at 1.3800 on Friday. As a result, the British Pound surged by 76 pips or 0.55% against the US Dollar during Friday's trading session. Economic Calendar On Tuesday, at 12:30 GMT, the US Core Retail Sales and US Retail Sales are expected to be released. The Retail Sales have
On Friday, the Eurozone single currency edged higher by 71 pips or 0.61% against the US Dollar. A breakout occurred through the upper boundary of a descending channel pattern during Friday's trading session. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Core Retail Sales and US Retail Sales are expected to be released. The Retail Sales have caused moves
During the first half of Thursday's trading session, Gold fell by 144 pips or 0.82% against the US Dollar. However, the commodity rebounded from a support level of 1744.8 at the end of the session. Economic Calendar Analysis XAU/USD short-term forecast Currently, the yellow metal is trading near the lower boundary of an ascending channel pattern and could be