The GBP/USD fulfilled the first scenario described on Monday, as it broke the resistance of the 55 and 100-hour simple moving averages and jumped to the 1.3830 level and the weekly R1 simple pivot point at 1.3831. By the middle of Tuesday's trading hours, the pair had bounced off the 1.3830 mark and retreated to the 100-hour SMA at 1.3785. Economic
The EUR/USD has ended trading sideways in the range between the 1.1615/1.1625 and 1.1665/1.1670 zones. The rate ended the sideways trading by declining to the 1.1590 level. The 1.1590 level provided the pair with support that caused a retracement back to the 1.1615/1.1625 zone, which together with two hourly simple moving averages acted as a resistance. In the near term future,
On Friday, at 12:15 GMT, gold suddenly surged broke the channel up pattern and pierced the 1,800.00 level. The following surge stopped at the 1,812.60/1,814.20 zone. At 15:00 GMT, the yellow metal's price plummeted to the support of the broken channel pattern near 1,785.00. Economic Calendar Analysis On Wednesday, at 12:30 GMT, the US Durable Goods Orders and Core Durable Goods Orders
The USD/JPY currency exchange rate bounced off the resistance of the 55 and 100-hour simple moving averages on Friday morning. The event resulted in a decline, which reached the 113.40 level. The 113.40 mark provided support and caused a recovery to the 113.80 level. Economic Calendar On Wednesday, at 12:30 GMT, the US Durable Goods Orders and Core Durable Goods Orders
Since GMT midnight to Monday, the GBP/USD currency exchange rate was finding support in the 1.3760 mark. Meanwhile, resistance was being provided by the combination of the 55 and 100-hour simple moving averages at 1.3790 and 1.3795. Economic Calendar On Wednesday, at 12:30 GMT, the US Durable Goods Orders and Core Durable Goods Orders change data will be published. The rate
On Monday morning, the EUR/USD made an attempt to pass the resistance zone of 1.1665/1.1670. The rate failed at its attempt and declined to the combined technical support of the 55 and 100-hour simple moving averages at 1.1640. Economic Calendar Analysis On Wednesday, at 12:30 GMT, the US Durable Goods Orders and Core Durable Goods Orders change data will be
The channel up pattern of the yellow metal's price held, as its lower trend line together with the 55-hour SMA provided enough support to cause a surge. By the middle of Friday's European trading hours, the metal had reached the 1,795.00 level, which started to provide resistance. Economic Calendar Analysis At 13:45 GMT on Friday, the week's notable events will end with
The small channel down pattern of the USD/JPY was broken, as its upper trend line held for four hours before the USD/JPY passed it. The following surge eventually stopped at the combined resistance of the 55 and 100-hour simple moving averages. The SMAs forced the pair into a decline, which on Friday afternoon was heading to the weekly simple
As explained on Thursday, all triangle patterns are eventually broken. The ascending triangle of the GBP/USD was broken to the downside. However, the sharp break out was stopped by the 100-hour simple moving average at the 1.3780 level. Afterwards, the pair traded sideways between the resistance of the 55-hour SMA and the support of the 100-hour SMA. The sideways trading
The support zone of the last week's high and this week low levels kept the EUR/USD from declining. Namely, on Thursday, the rate found support in 1.1620 and started a recovery. By the middle of the day's European trading hours, the pair had recovered to the weekly R1 simple pivot point at 1.1644. Economic Calendar Analysis On Friday, at 13:45 GMT,
The bullion's price has continued to trade in the channel up pattern. However, it was spotted that on Thursday the price had faced the resistance of the 1,790.00 level. During the early Thursday's US trading hours, the price for gold was fluctuating near the 1,780.00 level, as it was finding support in the 55-hour simple moving average and the lower trend
The USD/JPY currency exchange rate bounced off the 114.70 level, which is the 2017 November high level, on Tuesday. This resulted in a decline, which one by one passed the support of the 55, 100 and 200-hour simple moving averages. During Thursday European evening hours, the pair had reached the support of the weekly simple pivot point at 113.64. Meanwhile,
The resistance of the weekly R1 simple pivot point and the 1.3830 mark has continued to keep the rate down. On Thursday, a decline of the rate retreated to 1.3800 and shortly traded below the round exchange rate level before slightly recovering. In the meantime, by connecting the Wednesday and Thursday low levels and combining it with the resistance of
The EUR/USD made another attempt to pass the resistance of the 1.1670 level. The pair failed and began a decline. By the start of Thursday's US trading hours, the currency exchange rate fluctuated around the weekly R1 simple pivot point and the 55-hour simple moving average. Economic Calendar Analysis On Friday, starting from 07:15 GMT to 08:00 GMT the Manufacturing
After breaking the channel down pattern by trading flat, the DUK/EUR pair remained flat for four consecutive sessions up to October 6. On October 6, the pair began a surge. The surge eventually reached the 1.9500 mark, where the rate paused for six days before resuming to move up. The surge was caused by the launch of the GETCA$H swap program
The sharp recovery of the yellow metal's price turned into a sharp decline, as the price touched the 1,785.00 level. The following decline ended at GMT midnight to Wednesday. During these recent moves a channel up pattern was revealed. The pattern can be drawn by connecting the October 18, 19 and 20 low levels and setting the parallel line at
After touching the 114.70 level, the USD/JPY currency exchange rate began a decline. On Wednesday morning, the pair found support in the 55-hour simple moving average near 114.30. The event resulted in an apparent recovery of the USD/JPY, which could once again test the resistance of the 114.70 mark. Economic Calendar On Thursday, at 12:30 GMT the weekly US Unemployment Claims
On Tuesday, the GBP/USD surged and reached the resistance of the weekly R1 simple pivot point at the 1.3830 level. The pivot point's resistance held and caused a decline. By the middle of Wednesday's European trading hours, the decline had passed the support of the 55-hour SMA at 1.3769 and was heading to the 1.3750 mark. Economic Calendar On Thursday, at 12:30
On Tuesday, the EUR/USD failed to surge, as the 1.1670 appeared to have provided the rate with resistance, which caused a decline. By the middle of Wednesday's trading, the pair had reached the last week's high level zone, which provided support. Economic Calendar Analysis On Thursday, at 12:30 GMT the weekly US Unemployment Claims might cause a minor USD move.
The rate traded near the 1,765.00 mark throughout Monday. At GMT midnight to Tuesday, the price of gold started a surge. Namely, by 09:30 GMT, the bullion had already almost reached the 1,785.00 level. During the surge, the resistance of the 55, 100 and 200-hour simple moving averages was ignored. Economic Calendar Analysis On Thursday, at 12:30 GMT the weekly US Unemployment
The rate has ended trading between the 114.00 and 114.50 levels by declining below the 114.00 mark. However, the USD/JPY almost immediately stopped at the support of the 100-hour simple moving average at 113.90. Economic Calendar On Thursday, at 12:30 GMT the weekly US Unemployment Claims might cause a minor USD move. The claims have moved the rate from 5.9 to
The GBP/USD passed the support of the channel up pattern. However, as the rate approached the 55-hour simple moving average and the 1.3710 level, a recovery began. By the start of Tuesday's European trading hours, the pair had almost reached the 1.3800 mark. Economic Calendar On Wednesday morning, at 06:00 GMT, the UK Consumer Price Index will be published. Later on,
The 200-hour simple moving average's support held, and the EUR/USD began a surge. The surge managed to break the resistance of the high level zone near 1.1620 and the weekly R1 simple pivot point at 1.1644. During the early hours of Tuesday's trading, the rate had reached the 1.1660 level. Meanwhile, it was spotted that traders had closed a portion
On Monday morning, the slowed down decline of the yellow metal's price reached below the support of the 200-hour simple moving average. The SMA had kept the pair up together with the 1,765.00 mark since early Friday's trading hours. Economic Calendar Analysis XAU/USD short-term forecast If the metal's price declines, it could reach the support of the October low level zone of