The price for gold reached the 1,870.00 level during Tuesday's trading hours. Afterwards, a decline started. During the early hours of Wednesday's US trading, the price was looking for support in the 1,850.00 level. Meanwhile, Dukascopy Analytics marked on the chart the channel up pattern, which has guided the commodity price from the May 16 low level. Economic Calendar Analysis On Wednesday, the
On Tuesday, the decline of the USD/JPY pair found support in the 126.50 level. Namely, support was provided by the 126.37/126.50 zone. By the start of Wednesday's US trading hours, the pair had reached the 50-hour simple moving average, which acted as resistance. However, at 14:30 GMT, the pair broke the resistance and started a surge. Economic Calendar On Wednesday, the rate
The markets appear to have taken in the information about the UK market, which was given by the UK PMIs and caused the drop on Tuesday. It is assumed because the GBP/USD has revealed support and resistance zones. Support zone is located at 1.2472/1.2480. Meanwhile, resistance is at 1.2555/1.2560. Economic Calendar On Wednesday, the rate is bound to move due to the
The EUR/USD eventually bounced off the resistance of the 1.0750 mark and by the middle of the day's trading, the pair had reached below the support line of the channel up pattern, which had guided the surge since mid-May. However, support was almost immediately found in the 1.0625/1.0640 range, the 100-hour simple moving average and the weekly R1 simple pivot
The price for gold has found support in the 50-hour simple moving average. By the middle of Tuesday's trading hours, the SMA had stopped three declines of the metal's price. Economic Calendar Analysis On Wednesday, the rate is bound to move due to the release of the Federal Open Market Committee Meeting Minutes at 18:00 GMT. On Thursday, the US quarterly Preliminary GDP
The USD/JPY encountered resistance in the 100-hour simple moving average and the 128.00 mark at midnight to Tuesday. During the first half of Tuesday's trading hours, the pair had declined and approached the support of the 127.00 level. Economic Calendar On Wednesday, the rate is bound to move due to the release of the Federal Open Market Committee Meeting Minutes at 18:00
On Tuesday, at 08:30 GMT, the GBP/USD plummeted because of the publication of the Markit Flash Manufacturing and Services Purchasing Managers Index survey results. The Pound lost value due to the revelation that the Services PMI was at 51.8 instead of the forecast 56.9. At mid-day, the rate's decline had paused, as the pair found support in the 100-hour simple moving
The surge of the Euro, which was caused by the ECB, continued on into Tuesday's trading. During the early hours of the day, the EUR/USD reached the resistance of the weekly R2 simple pivot point at 1.0737. Economic Calendar Analysis On Wednesday, the rate is bound to move due to the release of the Federal Open Market Committee Meeting Minutes at 18:00
Gold has managed not only to break the descending channel up pattern and the 1,850.00 mark, but also has confirmed both as support. By the middle of Monday's trading hours, the commodity price had reached the 1,865.00 level. At mid-day, the price appeared to be consolidating by retracing downwards. Economic Calendar Analysis On Wednesday, the rate is bound to move due to
On Friday, the USD/JPY revealed a new resistance zone at 128.20/128.30. On Monday, the resistance zone was strengthened by the new weekly simple pivot point at 128.19 and the 100-hour simple moving average. Meanwhile, the currency pair had retraced to the 127.50 mark. Economic Calendar On Wednesday, the rate is bound to move due to the release of the Federal Open Market
The GBP/USD found enough support in the 100-hour simple moving average to start a surge. The surge eventually reached the 1.2500 mark and the rate traded near the level, before a surge above the 1.2500 started on Monday morning. By the middle of the day's trading, the 1.2600 mark had been tested. Economic Calendar On Wednesday, the rate is bound to move
The Euro has surged against peer currencies, as the President of the European Central Bank Christine Lagarde commented that the ECB would hike interest rates in July. The EUR/USD reached to the news with a surge of 78 points or 0.73%, which resulted in the rate reaching the 1.0675 level. The 1.0675 acted as resistance, which caused a retracement to
Despite reaching below the 1,810.00 level, the price for gold did not decline. The commodity found support in the 1,807.50 level and recovered to 1,825.00, which acted as resistance. On Thursday morning, the price once again found support in the 1,810.00 level and started a surge that had reached above 1,825.00, by 09:30 GMT. Economic Calendar Analysis This week, notable events are
On Thursday morning, the USD/JPY consolidated its decline by retracing to the 129.00 mark and the 50 and 100-hour simple moving averages. However, even before reaching the resistance levels, a decline started. By the middle of the day's European trading hours, the decline had reached the May low level zone at 127.50/127.75. Economic Calendar This week, notable events are over. Next week's
The decline of the Pound against the US Dollar found initially pierced the support of the 1.2350 mark, but the additional support from the 100-hour simple moving average was enough to push the pair up into the resistance of the 1.2400 level. On Thursday morning, the pair was expected to get squeezed into the 1.2400 level by the ascending 100-hour
The decline from the 1.0560 level of the EUR/USD currency pair ignored the 1.0472/1.0492 zone and later on found support in the 1.0460 level. During early hours of Thursday's trading, the exchange rate had recovered from 1.0460 and was trading around the 1.0500 mark. Economic Calendar Analysis This week, notable events are over. Next week's review is scheduled to be published on
At mid-day on Tuesday, the resistance of the 1,835.00 level was enough to start a decline of the price for gold. By the middle of Wednesday's trading, the price had reached the 1,810.00 level and was making its second attempt at finding support in it. Economic Calendar Analysis This week, notable events are over. Next week's review is scheduled to be published
Since the start of Monday trading, the USD/JPY has continued to test the resistance of the 129.49/129.80 zone, which marks the May 10 and 11 low levels. Due to that reason, previous forecast scenarios remain unchanged. Economic Calendar This week, notable events are over. Next week's review is scheduled to be published on Monday. Hourly Chart A move above the 129.80 level could
After testing the resistance of the 1.2500 level for almost 24 hours, the GBP/USD failed. The event was caused by the release of the 9.00% year on year inflation being confirmed in the United Kingdom. The event resulted in a sharp decline to the 1.2375 level. During the decline, the currency pair passed below the support zone at 1.2400/1.2424, the weekly
At midnight to Wednesday, the combined resistance of the 1.0550 mark, the weekly R1 simple pivot point at 1.0553 and the 1.0560 level were enough to cause a decline of the EUR/USD currency exchange rate. By the middle of the day, the pair had found support in the combination of the 1.0472/1.0492 zone and the 50 and 200-hour simple moving
The recovery of the price for gold shortly traded above the 1,830.00 mark at mid-day on Tuesday. An ongoing recovery of the commodity had broken the junior channel down pattern's resistance together with two simple moving averages and the 1,810.00/1,817.40 zone. Economic Calendar Analysis This week, notable events are over. Next week's review is scheduled to be published on Monday. XAU/USD short-term forecast
Since the start of Monday trading, the USD/JPY has continued to test the resistance of the 129.49/129.80 zone, which marks the May 10 and 11 low levels. Due to that reason, previous forecast scenarios remain unchanged. Economic Calendar This week, notable events are over. Next week's review is scheduled to be published on Monday. Hourly Chart A move above the 129.80 level could
A broad decline of the US Dollar's value has resulted on the GBP/USD charts in a surge up to the 1.2500 mark. The 1.2500 level appeared to be acting as resistance at mid-day on Tuesday. Economic Calendar On Wednesday, at 06:00 GMT, the UK Consumer Price Index data will reveal how inflation had changed in the UK during April. To see historical move
On Tuesday, the EUR/USD broke the resistance of the April low level zone and the 1.0500 mark. By the middle of the day's trading hours, the pair had reached the 1.0550 level and the weekly R1 simple pivot point at 1.0553. Economic Calendar Analysis This week, notable events are over. Next week's review is scheduled to be published on Monday. EUR/USD hourly chart's