At mid-day on Wednesday, the support of the 23.60% Fibonacci retracement level and the 55-hour simple moving average failed to keep the price for gold up. By the middle of the day's US trading hours, the commodity had passed below the 100-hour SMA and reached the support of the 1,840.00 mark. The 1,840.00 mark paused the price's decline and even caused
On Wednesday, around 17:00 GMT, the USD/JPY currency exchange rate ended trading sideways, as it passed the resistance of the 104.25/104.35 zone and reached the 104.40 level. This event signalled that the rate could extend its gains. In the meantime, the currency exchange rate had no resistance as high as the 107.75 level. Economic Calendar On Thursday, the US CPI data sets
On Wednesday morning, the GBP/USD currency exchange rate managed to pass the resistance of the hourly simple moving averages and the simple weekly pivot point. By the middle of European trading hours, the currency exchange rate had passed the 1.3450 mark. Economic Calendar There are couple of macroeconomic data releases expected that could move the GBP/USD rate. On Thursday, the US CPI
The support of the 2017 low level at 1.2100 held on Tuesday, and the rate remained above it. Moreover, on Wednesday morning, there was a surge through the resistance of the 55 and 100-hour simple moving averages up to the 1.2150 mark. By the middle of the day's European trading hours, the rate was once again approaching the support of the
After surging above the resistance of the 23.60% Fibonacci retracement level at 1,860.59 on Monday, the yellow metal's price was finding support in the retracement level. Throughout Tuesday's trading hours, the commodity price traded sideways between the mentioned support and the 1,875.00 level. Economic Calendar Analysis There are a couple of events expected that could affect the XAU/USD rate. On Thursday, the US CPI
The passing of the resistance of the hourly simple moving averages and the weekly simple pivot point near the 104.20 level did not result in a surge. It occurred due to the resistance area of the 104.25/104.35 levels, which was spotted and marked on Tuesday. In regards to the near term future, the rate should decline due to the resistance
Since the Monday drop, the GBP/USD currency exchange rate has recovered. However, the recovery has been kept down by the resistance of the 55, 100 and 200-hour simple moving averages in the 1.3380/1.3400 zone. In the near term future the rate could be pushed down by the SMAs. However, note that fundamental EU-UK trade deal news continue to be incoming
The EUR/USD bounced off the resistance of the 1.2160 mark on Monday. It resulted in a decline below the 55 and 100-hour simple moving average. Throughout Tuesday's trading hours, the currency exchange rate fluctuated between the psychological support of the 1.2100 level and the resistance of the 55 and 100-hour simple moving averages. Economic Calendar Analysis There are couple events that could affect
The DUK+/EUR exchange rate has revealed a symmetrical triangle pattern, which can be used for future guidance. Meanwhile, sell orders remain at 2.0000, as the buy orders have been moved up to 1.7700. In addition, the amount of sell orders has decreased. Daily Candle Chart On the daily candle chart, a symmetrical triangle pattern can be observed. It represents how the rate's
The price for gold failed to pass the resistance of the 1,845.00 mark, as the 55-hour SMA did not manage to push the commodity up. On Monday morning, the commodity price declined and found support in the 100-hour simple moving average, which was located just above the 1,825.00 level. Economic Calendar Analysis There are a couple of events expected that could affect the
On Monday morning, the USD/JPY passed the resistance of the technical levels that were located near the 104.20 mark. Namely, the 100 and 200-hour SMAs and the weekly simple pivot point were passed. Due to that reason, in theory the currency exchange rate should surge, as it had no technical resistance as high as 104.75. Economic Calendar The week is expected to
On Monday morning, the GBP/USD plummeted. The drop was caused by news that the Prime Minister of the United Kingdom, Boris Johnson could withdraw from the trade talks with the EU. The news were reported by The Sun. From a technical analysis perspective, the currency exchange rate dropped below the support of the 1.3300 mark and began to trade just
The EUR/USD started the week's trading with a sharp decline, as it retraced back down to the 1.2080 mark before European mid-day trading. In the near term future, the rate was expected to look for support in the 1.2080 mark, which proided resistance on December 2, and the weekly simple pivot point at the 1.2075 level. Economic Calendar Analysis There are couple events
Since Thursday, the price for gold has been trying to surpass the 1,845.00 level. It is likely that the XAU/USD exchange rate could gain support from the 55-hour SMA near 1,833.00 and trade upwards. Economic Calendar Analysis On Friday, the US will publish monthly employment data. Namely, the Unemployment Rate, Non-Farm Employment Change and the Average Hourly Earnings. Next week, there are
During Friday morning hours, the USD/JPY currency pair reversed north from the 103.80 level. It is likely that the pair could face the resistance provided by the 55-, 100- and 200-hour SMAs, as well the weekly PP in the 104.20 area and reverse south. Economic Calendar On Friday, the US will publish monthly employment data. Namely, the Unemployment Rate, Non-Farm Employment Change
During Friday morning hours, the GBP/USD exchange rate reversed north from the 55-hour SMA near 1.3410. It is likely that some upside potential could prevail, as the rate is also supported by the 100- and 200-hour SMAs near 1.3380. Note that the rate could face the resistance level – the weekly R3 at 1.3526. Economic Calendar On Friday, the US will
The surge of the EUR/USD continues, as the currency exchange rate has passed the 1.2150 level. On the hourly candle chart there was only one technical resistance level left. Namely, the weekly R3 simple pivot point was located at the 1.2185 mark. In the meantime, the rate has surged too sharply in the recent past, which indicates that a retracement back
The bullion's price has continued to surge, as at the start of US trading hours the metal's price had touched the 1,845.00 level. It appeared that the bullion was consolidating, as it traded between the 1,835.00 and 1,845.00 levels. Economic Calendar Analysis On Wednesday and Thursday, the markets are unlikely going to be impacted by macroeconomic data releases. On those days the ADP
The resistance levels that were reached on Wednesday near the 104.75 level held, it caused a decline, which by the middle of Thursday had almost reached 104.00. During the decline, the rate passed the support of the 55, 100 and 200-hour SMAs and the simple pivot point at 104.21. Economic Calendar On Wednesday and Thursday, the markets are unlikely going to be
By the middle of Thursday's GMT trading hours, the GBP/USD had recovered the almost 150 pip losses that were suffered on Wednesday due to the UK-EU trade deal issues. Moreover, the rate had surged higher than the previous high level of 1.3440, as it had reached the 1.3450 mark. Economic Calendar On Wednesday and Thursday, the markets are unlikely going to be
The surge of the EUR/USD continues, as the currency exchange rate has passed the 2017 high level of 1.2100. On the hourly candle chart there was only one technical resistance level left. Namely, the weekly R3 simple pivot point was located at the 1.2185 mark. In the meantime, the rate has surged too sharply in the recent past, which indicates that
The recovery of the yellow metal has continued, as on Wednesday the price of the commodity reached the 1,830.00 level. This level previously provided both resistance and support to the price on November 23 and 24. Economic Calendar Analysis On Wednesday and Thursday, the markets are unlikely going to be impacted by macroeconomic data releases. On those days the ADP Non-Farm Employment
As forecast, the USD/JPY surged due to the additional support of the 55 and 200-hour simple moving averages. Namely, the rate surged as soon as the 55-hour SMA reached the rate. This resulted in a surge, which on Wednesday tested the resistance of the weekly R1 simple pivot point at 107.72 and the 104.75 high level of November 24. Economic Calendar On
During Wednesday, December 2, the British Pound lost 134 pips or 1.00% against the US Dollar. It is likely that the British Pound slipped down as the post-Brexit trade deal doubts emerged. The EU negotiator said that there was no guarantee the union would add the UK to its list of approved countries for food imports. Earlier, the EU