Despite being pierced, the 131.00 level has acted as support. The level continued to keep the rate up up to mid-Thursday when the pair traded above 131.50. The currency pair might encounter resistance in the 132.00 mark, the 100 and 200-hour simple moving averages and the weekly simple pivot point at 132.27. Above these levels, the 132.50 and 133.00 levels could
The GBP/USD continued to decline on Thursday. By mid-day the pair had reached below the weekly R1 at 1.2428 and the 100-hour simple moving average. A move below 1,2400 could look for support in the 200-hour simple moving average near 1.2380. Further below, note the 1.2350 level and the weekly simple pivot point at 1.2323. On the other hand, a recovery
The EUR/USD has retreated back below 1.0900. However, on Thursday, the rate was making attempts to recover, as it tested the 1.0910/1.0930 range and the combination of the 50-hour simple moving average and the weekly R1 simple pivot point at 1.0928. A move higher could encounter resistance in the 1.0970 level, which reversed Tuesday's surge. Above 1.0970, it might be
The US JOLTS Job Openings data caused a drop of the US Dollar. Before the event, the price for gold was already testing the resistance of the 1,990.00 level and wanted to reach higher. The event caused surge up to 2,020.00. On Wednesday, the surge continued, as the price used the 2,020.00 mark as support and reached above 2,030.00. A move
The USD/JPY has continued due to decline due to US Dollar's weakness. By the middle of Wednesday's trading, the pair had reached the combined support of the 131.00 mark and the weekly S1 simple pivot point at 130.94. A clear move below 131.00 could look for support in the 130.50 and 130.00 levels, before approaching the March low level at 129.63 On
The GBP/USD surge has continued on, as the pair found support in the 1.2400 mark. However, the surge has encountered resistance in the weekly R2 simple pivot point at 1.2527. The following retracement downwards was observed to be finding support in the 50-hour simple moving average at 1.2450. A resumption of the surge of the Pound against the US Dollar
The US JOLTS Job Opening data caused a drop of the US Dollar at 14:00 GMT on Tuesday. The event caused a surge of the EUR/USD above the resistance of 1.0910/1.0930. Since the surge, the pair has been fluctuating in the 1.0940/1.0970 range. If the pair resumes its surge, it might be slowed down by the 1.1000 mark. Higher above,
At the start of April trading, the US Dollar was highly volatile. Initially, OPEC+ decreased production. The decrease caused a surge of oil prices. The increase of oil prices first of all increased demand for oil deals in USD and secondly signals that inflation would remain high. High inflation is expected to be the basis for more USD interest rate
At the start of April trading, the US Dollar was highly volatile. Initially, OPEC+ decreased production. The decrease caused a surge of oil prices. The increase of oil prices first of all increased demand for oil deals in USD and secondly signals that inflation would remain high. High inflation is expected to be the basis for more USD interest rate
At the start of April trading, the US Dollar was highly volatile. Initially, OPEC+ decreased production. The decrease caused a surge of oil prices. The increase of oil prices first of all increased demand for oil deals in USD and secondly signals that inflation would remain high. High inflation is expected to be the basis for more USD interest rate
At the start of April trading, the US Dollar was highly volatile. Initially, OPEC+ decreased production. The decrease caused a surge of oil prices. The increase of oil prices first of all increased demand for oil deals in USD and secondly signals that inflation would remain high. High inflation is expected to be the basis for more USD interest
The price for gold has moved higher and trades between the 1,975.00 and 1,985.00 levels. In general, it appears that the commodity waits for more events or economic data before ascending or declining in value. A move above 1,985.00 could be slowed down by other round price levels. Eventually, a potential surge would once again test the 2,000.00/2,010.00 range. However, a decline
On Friday, the USD/JPY currency pair's surge reached the 133.50 mark. Meanwhile, support was being provided by the 50-hour simple moving average near 132.75. An extension of the surge might be slowed down by the 134.00 level and the weekly R2 simple pivot point at 134.47 together with the 134.50 level. On the other hand, a decline would look for support
The GBP/USD surge has been slowed down by the combination of the 1.2400 mark and the weekly R2 simple pivot point at 1.2423. On Friday morning, the pair found support in the 1.2360 level, which has acted as both support and resistance during this week. A surge of the pair above 1.2400 would have to pass the weekly R2 simple pivot
The EUR/USD surge has encountered resistance in the high level zone at 1.0910/1.0930. As a result, by the middle of Friday's trading, the pair had retreated down below 1.0900. A continuation of the decline might look for support in the 50, 100 and 200-hour simple moving averages at 1.0870, 1.0850 and 1.0825. Note that the moving averages could push the
The price for gold has been ignoring the 50, 100 and 200-hour simple moving averages. Meanwhile, it has been respecting round price levels. Namely, the 1,960.00 and 1,975.00 levels have shown to be able to reverse the price's direction. A move above 1,975.00 could be slowed down by other round price levels. Eventually, a potential surge would once again test the
At the start of Wednesday's trading, the USD/JPY started a surge, which by mid-day resulted in the rate reaching from 131.00 up to 132.50. Near 132.50, the pair encountered resistance in the weekly R1 simple pivot point at 132.59. A move above the weekly R1 simple pivot point at 132.89 could result in the pair testing the 133.00, 133.50 and 134.00
On Wednesday, the GBP/USD currency exchange rate passed above the technical levels that are spread out from 1.2325 up to 1.2350. However, the move was followed by a consolidation in the 1.2300/1.2360 range. A resumption of the surge of the Pound against the US Dollar might result in the pair testing the resistance of the weekly R2 simple pivot point at
Step by step, the EUR/USD moves higher, as the pair has reached above 1.0850 on Wednesday. An extension of the ongoing decline might encounter resistance in the 1.0900 level, prior to testing the combined resistance of the weekly R1 simple pivot point at and the 1.0910/1.0930 range. On the other hand a decline of the Euro against the US Dollar
The price for gold appears to be consolidating near the 1,950.00 mark. However, at mid-day on Tuesday a surge of the price occurred up to the 50 and 100-hour simple moving averages near 1,965.00. In the case of a surge above the 50 and 100-hour SMAs, the price is bound to test resistance of the 2,000.00/2,010.00 zone. On the other hand, a
Despite recovering on Monday, the USD/JPY currency pair was observed to have declined and found support in the 130.50 level. A potential recovery is expected to be slowed down by the combination of the 131.00 mark, the 50 and 100-hour simple moving averages and the weekly simple pivot point at 131.11. Higher above, in the case of the pair piercing
Despite being highly volatile, the GBP/USD currency pair continues to move higher. On Tuesday, the pair was piercing the weekly R1 simple pivot point at 1.2325. The resistance zone at 1.2335/1.2343 could reverse the ongoing surge. Higher above, note the 1.2400 level and the weekly R2 simple pivot point at 1.2423. Meanwhile, a potential decline of the currency pair could look for
On Tuesday, the EUR/USD continued higher, as it approached 1.0850. An extension of the ongoing decline might encounter resistance in the 1.0850 and 1.0900 levels, prior to testing the combined resistance of the weekly R1 simple pivot point at and the 1.0910/1.0930 range. On the other hand a decline of the Euro against the US Dollar might look for support
The resistance of the 2,000.00 mark has held and caused another decline. By late Monday's trading hours, the commodity price had reached below 1,950.00. During the decline, the price ignored the support of the 50, 100 and 200-hour simple moving averages and the January and February high levels. A continuation of the ongoing decline is expected to find support in the