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
The USD/JPY recovery from the 130.00 mark has continued. By the late trading hours of Monday's trading, the pair had reached the 200-hour simple moving average near 131.80. In the case of the pair piercing the 200-hour SMA and the 132.00 level, a surge up to the 132.50 level and the weekly R1 simple pivot point at 132.59 might take place.
The ongoing recovery of the Pound against the US Dollar has continued, as by the end of Monday's trading the pair had almost reached the 1.2300 mark. During the first half of the day's trading, the pair had reached above various technical resistance levels that were laid out from 1.2245 up to 1.2260. A move above 1.2300 could face resistance in
The bounce off from the support of the 200-hour simple moving average has continued, as the EUR/USD currency exchange rate has reached the 1.0800 mark and the resistance of the 100-hour SMA near it. 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
The yellow metal has once again reached the 2,000.00 mark. The market appears to have returned to risk off sentiment. Meanwhile, it has been spotted that the commodity faces a resistance zone at 2,000.00. A move above the 2,000.00/2,010.00 zone could encounter resistance in other round levels, before reaching the 2022 high levels near 2,070.00. On the other hand, a decline of
The 131.50 level provided resistance and caused a decline, which by the start of Friday's European trading hours had reached 130.00. A move below 130.00 could look for support in the 129.50 level and the weekly S2 simple pivot point at 129.27. Further below, there appears to be no close by technical support. However, a recovery of the US Dollar against the
The GBP/USD did not reach the 1.2350 level, despite making attempts for two days. The pair has revealed that it faces resistance at 1.2335/1.2345. On Friday, the currency pair had declined below 1.2300 and the 50-hour simple moving average. A decline below the 100-hour SMA and the weekly R1 simple pivot point at 1.2260 and 1.2247 might result in a move
The EUR/USD currency pair has revealed a resistance zone at 1.0908/1.0930. The resistance zone managed to force the pair into a decline down to the 1.0830 level. During the decline, the rate passed below the support of the 50-hour SMA and the 1.0850 mark. An extension of the decline of the Euro against the US Dollar might look for support
Even prior to the US Federal Reserve rate hike, the price for gold broke the channel up pattern to the downside and retreated to 1,940.00. However, the US Federal Reserve rate hike and press conference resulted in an apparent recovery of the commodity price. By the middle of Thursday's European trading, the price had reached 1,980.00. A continuation of the recovery
Despite the US rate hike impacting the USD/JPY, the fundamental event appears to have only set the direction of the rate. Namely, the pair still finds support in round exchange rate levels. On Thursday, the 130.50, 131.00 and 131.50 were acting as support and resistance. A surge of the US Dollar against the Japanese Yen would have to reach above the
The Bank of England has once again hiked its base interest rate. Official Bank Rate has been increased from 4.00% up to 4.25%, as the market expected. In the meantime, note that seven out of the nine BOE Monetary Policy Committee members voted for the 0.25% rate hike. Two members voted to keep interest rates intact. Meanwhile, the US Federal Reserve
The EUR/USD has reacted to the Federal Reserve Rate hike of 0.25% and the following comments of the head of the central bank Jerome Powell. In general, the central bank plans no rate cuts. In regards to further hikes the central bankers would continue to watch inflation data. The pair reacted to the news with a surge. The surge
As the Credit Suisse saga continued, markets ran to safety. Due to this reason, the price for gold reached above 2,000.00. However, since the event, the price appears to be consolidating, as it waits for the US Federal Reserve rate announcement on Wednesday at 18:00 GMT. A decline of the US Dollar is set to result in resumption of the
The decline of the USD/JPY eventually found support in the weekly S1 simple pivot point at 130.53 and started a recovery. By the middle of Tuesday's trading, the pair was approaching the 132.50 level's resistance. However, future outlook was set to be dictated by the US Federal Reserve Rate hike on Wednesday at 18:00 GMT. An extension of the ongoing
The GBP/USD has continued to surge, as the rate has passed above the February high level at 1.2270. However, on Tuesday morning the pair appeared to have started a minor decline. The decline was attributed to a consolidation prior to the US Federal Reserve Rate hike scheduled for Wednesday. In the case the rate extends its decline, support might be found
On Tuesday, the EUR/USD had continued the surge, which was started by the European Central Bank's 0.50% rate hike. During the start of this week, the pair reached above 1.0700, before consolidating. Note that the currency pair is bound to remain rather flat until the Wednesday's 18:00 GMT Federal Reserve Interest Rate hike and follow up press conference. A potential
The price for gold has found support in the 1,915.00 level and the 50-hour simple moving average. The event was followed by a surge, which by the middle of Friday's trading had pierced the January high level at 1,949.00. A move above 1,949.00 and 1,950.00 might stop at the February high level at 1,960.00. Higher above, note the upper trend line
The USD/JPY passed below the support zone at 132.50 on Thursday. However, support was provided by the weekly S2 simple pivot point near 131.75. Afterwards, the rate shortly recovered to the resistance of the 100-hour simple moving average, before resuming its decline. On Friday, the pair had once again reached below 132.50. In the near term future, the pair might once
The GBP/USD found support in the 200-hour simple moving average and stared a recovery. By the middle of Friday's trading, the pair had reached above the 1.2100 mark and the 50 and 100-hour simple moving averages. A move higher by the pair might encounter resistance in the early February high level at 1.2200. Higher above, note the 1.2250 level and the
The EUR/USD has experienced a recovery, which has reached above the 1.0600 mark. Most recently, the currency pair encountered resistance in the 100-hour simple moving average. A decline of the pair could look for support in the 1.0600 mark and the 50-hour simple moving average. Meanwhile, the rate did not find support in the 200-hour SMA and the weekly
The crash of Credit Suisse stock price has caused a run to safety. On Gold charts it has resulted in a surge up to the 1,930.00 level. A move higher might be slowed down by round price levels, before the commodity price tests historical high levels. Namely, the January and February high levels are expected to act as resistance at 1,949.00
The resistance of the 135.00 mark has held and the pair has declined to the support zone near 132.50. The decline is being attributed to a broader run to safety. The run to safe assets has been caused by the crash of Credit Suisse. A move below 132.50 could look for support in the 132.00 mark and the weekly S2
The US Dollar has resumed it broader surge. On the GBP/USD charts it has resulted in a bounce off from the resistance of the 1.2200 level and a decline. By the middle of Wednesday's European trading hours, the currency pair had reached 1.2050. An extension of the ongoing decline might look for support in the combination of the 1.2000 mark, the