On Friday morning, the USD/JPY currency pair was consolidating the psychological level at 108.60. Given that the pair is supported by the 100-hour moving average, it is likely that some upside potential could prevail in the market. Economic Calendar This week there are no events left that could affect the USD/JPY pair. Next week, there will be one data release, which might impact the
During today's morning, the GBP/USD exchange rate continued to test the resistance level formed by the monthly R2 and the Fibo 38.20% at 1.2920. The given resistance level could be passed, as soon as the 55-hour SMA push the rate through it. Economic Calendar This week there are no events left that could affect the GBP/USD pair. Take into account that next week there
During Friday morning, the EUR/USD currency pair was testing the weekly R2 at 1.1137. The pair could gain support of the 55- moving average to breach the given resistance and extend gains. A possible upside target is the 1.1200 mark. Economic Calendar Analysis This week there are no events left that could affect the EUR/USD pair. Take into account that next week
On Thursday, the XAU/USD exchange rate tested the upper boundary of the falling wedge pattern. From a theoretical point of view, some downside potential could prevail within the following trading hours. Economic Calendar Analysis This week there are no events left that could affect the XAU/USD pair. Next week there will be one data release, which might impact the price of gold through
On Thursday, the USD/JPY currency pair was consolidating the psychological level at 108.80. Given that the pair is supported by the 55- and 100-hour moving averages, it is likely that some upside potential could prevail in the market. Economic Calendar This week there are no events left that could affect the USD/JPY pair. Next week, there will be one data release, which might impact
During today's morning, the GBP/USD exchange rate tested the resistance level formed by the monthly R2 and the Fibo 38.20% at 1.2920. In general, the given resistance level could be passed, as soon as the 55- and 100-hour SMAs push the rate through it. Economic Calendar This week there are no events left that could affect the GBP/USD pair. Take into account that next
During Thursday morning, the EUR/USD currency pair jumped to the weekly R2 at 1.1137. The pair could gain support of the 55- and 100-hour moving averages to breach the given resistance and extend gains. Economic Calendar Analysis This week there are no events left that could affect the EUR/USD pair. Take into account that next week there will be couple events, which
On Wednesday, the XAU/USD exchange rate was trading at the psychological level at 1,480.00. Given that the rate is pressured by the 55-, 100- and 200-hour SMAs, it is likely that some downside potential could prevail. Economic Calendar Analysis This week, there will be one data release, which might impact the price of gold through a value adjustment of the USD. Today, at 12:30
On Wednesday, the USD/JPY currency pair was testing the psychological level at 108.80. Given that the pair is supported by the 55-hour moving average, it is likely that some upside potential could prevail in the market. Economic Calendar Today, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. Since February the event has caused moves from 7.7 to
Since Tuesday, the GBP/USD exchange rate has been testing the resistance level located at 1.2760. In general, the given resistance level could be passed, as soon as the 55-hour SMA pushes the rate through it. Economic Calendar This week, there will be UK macroeconomic data releases, which are expected to impact the GBP/USD through the adjustments of the GBP value. Today, at 12:30 GMT
During Wednesday morning, the EUR/USD was trying to surpass the resistance level formed by the monthly R1 at 1.1045. The pair could gain support of the 55- and 100-hour moving averages to breach the given resistance and extend gains. Economic Calendar Analysis This week one data release might impact the EUR/USD currency exchange rate. Although it is a minor one. Today, the US
On Tuesday, the yellow metal's price remained below the 1,500.00 level. In general, the price was expected to trade sideways. The sideways trading should eventually end with a break out. Economic Calendar Analysis This week, there will be one data release, which might impact the price of gold through a value adjustment of the USD. On Wednesday, at 12:30 GMT the US Retail Sales
On Tuesday, the USD/JPY pierced the support of the 55-hour simple moving average. The event signalled that a decline of the pair is possible. Economic Calendar Today, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT. Since February the event has caused moves from 7.7 to 15.3 base points. This week, there will be one data release, which
On Tuesday, another test of the 1.2700 was done by the GBP/USD. However, the rate failed to pass that level. In general, the 1.2700 could be passed, as soon as the 55-hour SMA pushes the rate through it. Economic Calendar This week, there will be UK macroeconomic data releases, which are expected to impact the GBP/USD through the adjustments of the GBP value. On
The latest attempt to pass a monthly pivot point failed. It resulted in the breaking of the ascending channel pattern of the hourly candle chart. In regards to the near term future, there were two scenarios based on what would happen near technical levels at the 1.1015 mark. Economic Calendar Analysis This week one data release might impact the EUR/USD currency exchange
The DUK+/EUR rate bounced off the combined support of the 0.6500 mark and the first support level of the simple monthly pivot points at 0.6567. This resulted in a surge, which was set to test weekly pivot points and the 55-day simple moving average from 0.7230 to 0.7500. Daily Candle Chart On the daily candle chart, the rate bounced off the
On Friday, gold reconfirmed the support of the large scale ascending channel that can be seen on the daily candle chart. In regards to the short term, the commodity price was about to test resistance levels at the 1,500.00 level. Economic Calendar Analysis This week, there will be one data release, which might impact the price of gold through a value adjustment of
The rate reached the previously set target and even surged above it. Although, after reaching the high level of 108.60 the pair began a decline, which by the middle of Monday's trading session had reached the support of the 55-hour simple moving average at 108.05. Economic Calendar Today, the US Federal Reserve Meeting Minutes are set to be published at 18:00 GMT.
The fundamental surge of the GBP/USD reached the resistance of the 1.2700 level, from where a decline began. By the middle of Monday's London trading hours the rate had declined down to the 1.2550 mark. In general, the currency exchange rate was set to meet with various technical support levels near the 1.2500 level. Economic Calendar This week, there will be many UK
On Monday morning, the EUR/USD bounced off the support of the ascending channel pattern that was added to the hourly chart on Friday. In general, the rate was expected to test the resistance of the monthly pivot point at 1.1045. Economic Calendar Analysis This week one data release might impact the EUR/USD currency exchange rate. Although it is a minor one. On
The yellow metal made an attempt to once more pass the resistance of the 1,515.00 level, and the price failed at the attempt. By the middle of Friday's trading the rate was trading around the 1,505.00 mark. Economic Calendar Analysis No data releases are expected to impact the price of gold during Friday. Next week, there will be one data release, which
The USD/JPY surged, as forecast on Thursday. On Friday morning, the rate was testing a resistance level at 108.13. At that level a pivot point was located at. If the rate could pass this level, it would face no technical resistance as high as 108.44 where a 38.20% Fibonacci retracement level was located at. Economic Calendar Today, the US Federal Reserve Meeting Minutes
The traders, which went long on the expectations of a surge to the 1.2300 mark, where surprised on Friday morning. The GBP/USD had reached the 1.2500 level. Moreover, if trailing stop losses had been set properly, the whole move of approximately 250 pips could have been captured. Economic Calendar This week data releases are over. Next week, there will be many UK
The surge of the EUR/USD reached up to the 1.1034 level, from which it reversed and declined. The decline had found support at 1.1005, from where a consolidation began. In general, the rate could trade in any direction until the end of this week's trading. Although, a new channel up pattern was spotted. The pattern could help traders make decisions. Economic Calendar