On Thursday, the support of the 55-hour simple moving average managed to push the EUR/USD up, as just before mid-day the rate started a surge. However, on Friday morning the rate bounced off the 1.1920 level and retraced back to the combined support of the 55-hour SMA and the zone near 1.1880. Economic Calendar Analysis Notable events for this week are over. Next
As expected, the yellow metal found support in the 55-hour simple moving average, which pushed the rate into another test of the resistance zone that is located above the 1,745.00 mark. By the middle of Thursday's GMT trading hours, a test of the resistance zone was ongoing. Economic Calendar Analysis Notable events for this week are over. Expect the next week's event analysis
During early hours of Thursday's trading, the USD/JPY ended trading sideways between two zones. The end of the consolidation was caused by the catching up of the 55-hour simple moving average from above. The SMA provided the rate with resistance, which was strong enough to push the rate through the support of the 109.60 level. Economic Calendar Notable events for this week
On Wednesday, the resistance of the 55 and 100-hour simple moving averages was enough for the rate to decline and break the channel up pattern. Moreover, the weekly S1 simple pivot point was ignored during the decline. In the meantime, note that the currency exchange rate passed the support of the hourly simple moving averages, the weekly simple pivot point
The EUR/USD pierced the resistance zone near the 1.1880 level. However, the following surge was stopped by the 1.1915 level and the rate retraced back down to look for support. The needed support to resume the surge could be provided by the 55-hour simple moving average, which on Thursday had reached above the 1.1860 level. Economic Calendar Analysis Notable events for this week
During the second part of Tuesday's trading, the yellow metal's price reached the resistance zone just above the 1,745.00 level. The metal immediately bounced off it and retraced back down. By the middle of Wednesday's trading, the price was trading near the 1,740.00 level. Economic Calendar Analysis On Wednesday, at 19:00 GMT, the US Federal Open Markets Committee is set to publish
Since mid-day on Tuesday, the USD/JPY traded sideways between the support of the 109.60/109.67 zone and the resistance of the 109.91/109.94 zone. Between these two zones, the rate ignored the 61.80% Fibonacci retracement level and the weekly S1 simple pivot point. Economic Calendar On Wednesday, at 19:00 GMT, the US Federal Open Markets Committee is set to publish its Meeting Minutes. The
On Wednesday morning, the GBP/USD confirmed that it would trade in the borders of the recently discovered channel up pattern. It did so by respecting the lower trend line of the pattern and recovering from it. In theory, the pair should now continue to surge in the pattern's borders until it would reach the upper trend line of the
On Tuesday, the EUR/USD managed to break the resistance of the zone near the 1.1840 level. It resulted in a surge to the 1.1880 zone, which held the rate down from 18:00 GMT up to the time of writing 11:00 GMT. In the meantime, it was spotted in the sentiment numbers that a portion of traders had taken profits from the
For two weeks, the DUK+/EUR rate stands flat at 3.5100. It moved to this level during buying that occurred on March 23. On Monday, April 6, 5,972.00 coins were set to be sold at 3.5100. Previously, on March 29, at this level there were orders to sell 2,730.00 coins. Daily Candle Chart Note that SMAs and pivot points are useful in
Last week, the yellow metal broke the resistance zone near 1,725.00 and surged above it. Afterwards, the zone was confirmed as support before the surge of the commodity price resumed. On Tuesday, the bullion's price was heading to the resistance zone above the 1,745.00 level. This zone provide the metal with resistance during the second part of March. Namely, it reversed
At mid-day on Tuesday, the USD/JPY passed the support of the 200-hour simple moving average, which kept the rate up since the middle of Friday. During the day's US trading hours, the rate was finding support in technical levels near 109.80. Support was being provided by the weekly S1 simple pivot point at 109.76 and the 61.80% Fibonacci retracement level
On Tuesday, the GBP/USD declined and with it revealed a channel up pattern, which has guided the rate since the second part of March. In the meantime, the rate appeared to respect the support of the 1.3800/1.3820 zone. In addition, at mid-day on Tuesday, the rate started to respect the resistance of the 55-hour simple moving average. Economic Calendar On Wednesday, at
On Tuesday, the EUR/USD reached the zone at 1.1835/1.1845 that slowed down the rate's surge in late March and managed to reverse the early March decline. In addition, this zone was being strengthened by the weekly R1 simple pivot point at 1.1848. Future forecasts were dependant on whether or not the resistance levels hold. Economic Calendar Analysis On Wednesday, at 19:00 GMT, the
Since Wednesday's morning trading hours, the USD/JPY has traded sideways below the 110.80 level. The rate faces a resistance zone from 110.80 to 111.00. In the meantime, the support of the 55-hour simple moving average had caught up with the rate. Economic Calendar The week will end on Friday with the top event, as the US Employment data is set to be
It appeared on Thursday, that in addition to ignoring the technical levels the GBP/USD has started to also ignore the resistance and support of round exchange rate levels. Meanwhile, it was spotted that there is a resistance zone above the 1.3800 level. Economic Calendar The week will end on Friday with the top event, as the US Employment data is set to
The support of the zone near the 1,680.00 level eventually caused a surge. It resulted in a surge, which by the middle of Thursday's trading hours had reached the 1,720.00 level. In the meantime, note the resistance cluster above the 1,721.00 level. The March 23 to 30 low level zone together with the 200-hour simple moving average had turned into a resistance. Economic
On Thursday, the EUR/USD broke the resistance zone above the 1.1760 level. During the US trading hours, the rate was heading to 1.1800. The future scenarios are based on what would happen at this level. Economic Calendar Analysis The current week will end on Friday with the top event, as the US Employment data is set to be released at 13:30 GMT.
The yellow metal's price reached the support zone that surrounds the 1,680.00 level. This zone provided enough support for the price to consolidate by trading sideways above it. However, on Wednesday morning another attempt to pass it was made. The near term future scenarios were based upon whether or not the support zone holds. Due to that reason, Tuesday's forecasts remained
The testing of the 110.50 level's resistance was short, as during one hour it was passed. On Wednesday morning, the USD/JPY had almost reached the 111.00 level before retracing back down. In the meantime, note that the 110.40 and 110.20 levels had provided resistance and support. Economic Calendar On Wednesday, at 13:15 GMT, the US ADP Non-Farm Employment Change is set to
Since the second part of Tuesday's trading, the GBP/USD has been finding support and resistance in round exchange rate levels. Namely, it found support in 1.3710 and 1.3720 and resistance was provided by 1.3750 and 1.3760. On Wednesday morning, the rate was approaching the resistance of the 1.3780 level, which was strengthened by the 200-hour simple moving average and the
During the early hours of Wednesday's trading hours, the EUR/USD found support in the 61.80% Fibonacci retracement level at the 1.1705 level. It resulted in a surge, which was heading to the resistance of the 55-hour simple moving average. Economic Calendar Analysis On Wednesday, at 13:15 GMT, the US ADP Non-Farm Employment Change is set to be released. This event has caused
Gold ended the sideways trading in a twenty dollar range just after mid-day on Monday. The commodity price passed the support of the 1,722.20/1,725.30 zone. It resulted in a sharp move down, which was followed by narrow sideways trading. On Tuesday, the decline resumed, as by the middle of the day, the price had reached below the 1,690.00 level. Economic Calendar Analysis On
The USD/JPY passed the resistance of the June high at 109.83, where a 61.80% Fibonacci retracement level was located at. Moreover, by the middle of Tuesday's trading, the rate had almost reached the 110.50 level. Namely, the weekly R1 simple pivot point at 110.24 and the 110.00 level failed to stop the surge. Economic Calendar On Wednesday, at 13:15 GMT, the US