On Friday, the US Dollar retraced back down against all peer currencies. On the EUR/USD charts it resulted in a surge above various technical and psychological levels. By the middle of the day's trading, the exchange rate had almost reached the 1.0600 mark. Note that the 1.0600 level could be strengthened by the 100-hour simple moving average. Meanwhile, the Thursday's low
As the value of the US Dollar continues to grow, the price for Gold extends its decline. During Thursday's trading hours, the price shortly traded below the 1,880.00 level, before retracing to the resistance of the 50-hour simple moving average near 1,893.00. Economic Calendar Analysis This week's notable events for this pair are over. On Friday, macroeconomic traders might want to look
On Thursday morning, the USD/JPY pair was testing the resistance zone, which surrounds the 129.00 level. At 03:11 GMT, the Bank of Japan revealed that it would continue its monetary easing policy despite the low value of the Japanese Yen. The announcement resulted in a jump of the rate by 1.00%, which was followed by a surge to the 131.00
The GBP/USD decline has continued, as the pair has passed below 1.2500 and the weekly S3 simple pivot point at 1.2474. During the mid-day hours of Thursday's trading, the pair confirmed the pivot point as resistance and continued to decline. In the near term future, the pair was expected to look for support in the 1.2400 level and the lower
On Thursday, the EUR/USD passed below the 1.0500 level. Meanwhile, the rate had revealed that since April 21 the pair has been declining in a narrow channel down pattern. Economic Calendar Analysis This week's notable events for this pair are over. On Friday, macroeconomic traders might want to look at the Canadian GDP publication. Quiet week for macroeconomics EUR/USD hourly chart's review A continuation of
This week, the price for gold revealed that it has been declining in a channel down pattern. In addition, the commodity faces resistance at 1,907.50/1,911.30. During the second half of Wednesday's trading hours, the bullion had declined and traded below the 1,885.00 mark. Economic Calendar Analysis During the week, minor moves could be created by some data releases. Meanwhile, note that the
The 127.00 mark has provided enough support to the USD/JPY currency exchange rate for the pair to start a surge. By the middle of Wednesday's GMT trading hours, the USD/JPY had reached above the 128.00 level and technical levels, which surround it. Economic Calendar During the week, minor moves could be created by some data releases. Meanwhile, note that the whole financial
On Wednesday, it was marked on the GBP/USD charts that the currency pair has been declining in a channel down pattern since April 22. On that day, the rate plummeted due to the worse than expected UK monthly retail sales data. In addition, most recently, the 1.2600 level had acted as resistance. Economic Calendar During the week, minor moves could be created
By the middle of Wednesday's European trading hours, the EUR/USD currency exchange rate had reached below the 1.0600 and approached the weekly S3 simple pivot point at 1.0550. Economic Calendar Analysis During the week, minor moves could be created by some data releases. Meanwhile, note that the whole financial market continues to adjust to the latest comments made by the Federal Reserve
The situation on the chart for gold has not changed. Gold continues to find support in the 1,940.00 mark and resistance is provided by the 1,955.00 level and a zone above it. Previous analysis remains relevant. Economic Calendar Analysis There are no more notable events scheduled for this week. Next week's review is set to be published on Monday. XAU/USD short-term forecast In
The USD/JPY made three attempts at passing the resistance zone at 128.47/128.68. On Friday morning, the rate clearly bounced off the resistance zone, as it passed below the support of the 50 and 100-hour simple moving averages and the 128.00 mark. Economic Calendar There are no more notable events scheduled for this week. Next week's review is set to be published on
Since the middle of Thursday's trading up to the morning hours of Friday, the GBP/USD currency pair traded near the 1.3020 level. Due to that reason, the previous forecast scenarios remained relevant. Economic Calendar There are no more notable events scheduled for this week. Next week's review is set to be published on Monday. GBP/USD short-term review A decline of the Pound against the
The April high level zone at 1.0920/1.0938 provided resistance to the EUR/USD currency exchange rate. The event was followed with a decline to the weekly simple pivot point at the 1.0832 level. In the meantime, on Friday morning it was spotted that the rate was finding resistance in the 50-hour simple moving average. Economic Calendar Analysis On Friday, at 07:30 GMT, the
Gold continues to find support in the 1,940.00 mark and resistance is provided by the 1,955.00 level and a zone above it. Economic Calendar Analysis There are no more notable events scheduled for this week. Next week's review is set to be published on Monday. XAU/USD short-term forecast In the near term future, a potential decline of the price for gold might look
The retracement of the USD/JPY currency pair eventually found support in the 127.50 mark. By the start of Thursday's US trading hours, the currency pair had already made an attempt to pass the 128.50 level and revealed a resistance zone above it. Economic Calendar There are no more notable events scheduled for this week. Next week's review is set to be published
The GBP/USD currency exchange rate confirmed the 1.3080 level and a zone above it as resistance, during the first half of Thursday's trading. The event was followed with a decline, which by mid-day was looking for support near the 1.3030 level. In the meantime, the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point appeared to
On Thursday, the EUR/USD jumped and hit the April high level zone at 1.0920/1.0938. By the middle of the day's GMT trading hours, the rate had bounced off the zone and retraced down to the 1.0880 level. Economic Calendar Analysis On Friday, at 07:30 GMT, the German Flash Manufacturing and Services PMIs are most likely going to cause Euro moves. Click on the
The price for gold failed to reach the 2,000.00 mark during the last week's trading, as it bounced off the resistance of the 1,995.00/1,998.40 zone. Up to the middle of Wednesday's GMT trading hours, the commodity price had passed the support of the 50, 100 and 200-hour simple moving averages and the trend line, which connects the late March and early
The sharp surge of the US Dollar, compared to the Japanese Yen, encountered resistance at the 129.34/129.40 zone. At midnight to Wednesday, a decline of the pair started, which by the middle of the day had touched the 127.60 level. Economic Calendar On Thursday, the weekly US Unemployment Claims at 12:30 GMT might cause a minor USD move. Click on the link below
The GBP/USD has found support in the April low level zone at 1.2975/1.2990. By the middle of Wednesday's trading hours, the pair had reached above various technical resistance levels and the 1.3060 mark. Economic Calendar On Thursday, the weekly US Unemployment Claims at 12:30 GMT might cause a minor USD move. On Friday, at 06:00 GMT the value of the GBP could adjust
The drop, which was caused by the ECB last week, eventually ended at the 1.0757 level. Most recently, on Tuesday the level acted as support and caused a recovery, which by the middle of Wednesday's trading had reached above 1.0860. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims at 12:30 GMT might cause a minor USD move. On Friday, at 07:30
Since mid-Tuesday, the price for gold has fluctuated between a support zone at 1,965.70/1,970.00 and resistance at 1,978.50/1,982.00. Meanwhile, the 50-hour simple moving average had caught up to the price. However, the SMA did not provide either support or resistance. Economic Calendar Analysis XAU/USD short-term forecast If the commodity price reaches above 1,982.00 and continues to surge, it might eventually reach the
The resistance of the 126.15/126.30 zone was enough to cause a decline, which eventually passed below the trend line, which connects the pair's April low levels. Namely, the trend lie guided the pair up. On Thursday, the rate was looking for support near the 125.20 level, where various technical levels were located. Economic Calendar Hourly Chart If the US Dollar starts a recovery
On Wednesday, the GBP/USD eventually broke resistance levels against the US Dollar. By the middle of Thursday's trading hours, the rate had reached and bounced off the resistance of the 1.3150 mark. Afterwards, a decline started, which was heading to the cluster of technical levels at 1.3040/1.3060. The zone was made up of previous high levels, the weekly simple pivot point