The USD/JPY has hit the previously set target. Namely, on Tuesday the pair hit the resistance of the 61.80% Fibonacci retracement level at 110.80. If the Fibo is confirmed as a support level, the rate will aim higher and head for the next resistance level near 111.00. At that level a monthly pivot point is located at. Latest Fundamental Event The Bureau of
Main focus on Tuesday morning was on the UK's Average Earnings Index, which caused a small increase of volatility on all GBP pairs. Although, only a minute after the data was published the GBP pairs were back near previous levels. The GBP/USD was not an exception to the rule. The review of the event will be available soon in the fundamental
On Tuesday morning the EUR/USD suddenly jumped just before the middle of the day, as it broke three resistance levels near 1.1300. The surge paused at the 1.1320 level. However, from a technical perspective the rate faced no resistance as high as the 1.1345 level. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Retail Sales
On Monday, the metal broke a resistance line of a large scale pattern and surged above the 1,325.00 level. This event signals that the commodity price will continue to surge higher. However, simple moving averages indicate that the recent surge has brought the metal into the overbought zone. Economic Calendar Analysis This week will have various data releases in various countries that will
On Monday the USD/JPY traded sideways as it was being kept down by simple moving averages of the hourly chart. If the rate manages to break the resistance of these simple moving averages, it will approach the next technical resistance. Namely, a 61.80% Fibonacci retracement level at 110.80 will get approached. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change
The GBP/USD has jumped to the 1.2940 level on Monday. The rate has surged almost 1.30% during the last three trading sessions. By the middle of the day's trading the pair was signalling that it might reach even higher, as soon as it consolidates its recent gains. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales
By the middle of Monday's trading the EUR/USD had passed a significant technical resistance at 1.1320. In general, the pair had no resistance as far as 1.1345. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Retail Sales data released on Thursday at 13:30 GMT. The EUR/USD exchange currency rate gained 19 pips or 0.17% during
During Friday morning hours, the yellow metal was supported by the 100-hour and the 200-hour simple moving averages to push the rate to surge towards the 1,314.00 level. Economic Calendar Analysis This week will be busy for macroeconomic data releases. With the exception of Tuesday, on each day there is a notable data release. On Tuesday the heads of Bank of England and
The USD/JPY passed through the support of the weekly R1 at the 110.51 mark. On Friday morning, the 200-hour simple moving average supports the currency exchange rate to trade at 110.38 mark. In general, the surge could continue as high as the 111.20 level. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change data better-than-expected of 304K compared to
On Friday, the British Pound was located below the weekly S1 at the 1.2805 mark. In regards to the future, the pair was facing a strong support cluster. If the support gets passed, the rate would decline as low as 1.2720. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK BOE Official Bank Rate data release on
The European Single Currency passed the support level of the weekly S1 at the 1.1276 mark. The rate declines towards the weekly S2 at the 1.1229 mark. Most likely, the EUR/USD will meet 61.80% Fibonacci retracement level at the end of the trading week. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC
During Thursday's morning hours, the gold passed the support level of the monthly pivot point at the 1,308.46 mark to decline towards the medium pattern line at 1,302.00. Economic Calendar Analysis This week will be busy for macroeconomic data releases. With the exception of Tuesday, on each day there is a notable data release. On Tuesday the heads of Bank of
The USD/JPY broke the dominant pattern line at the 110.82 mark to trade sideways during Wednesday's trading session. In general, the surge could continue as high as the 111.20 level. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change data better-than-expected of 304K compared to forecast 165K. Note, that the Average Hourly Earnings and the Unemployment Rate were
On Thursday, the British Pound passed the support level of the 62.30% Fibonacci retracement level at the 1.2864 mark. In regards to the future, the pair was facing a strong support cluster. If the support gets passed, the rate would decline as low as 1.2720. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK BOE Official Bank
The European Single Currency broke the small pattern line at the 1.1309 mark. On Thursday, the rate continues depreciating towards the weekly S2 at 1.1229 Most likely, the EUR/USD will meet 61.80% Fibonacci retracement level at the end of the trading week. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release the
During Wednesday morning hours, the gold was supported by the 55-hour and the 100-hour simple moving averages at the 1,310.40 mark. In general, the rate was expected to surge up to a combination of resistance lines at 1,316.00. Economic Calendar Analysis This week will be busy for macroeconomic data releases. With the exception of Tuesday, on each day there is a notable
The USD/JPY passed the resistance level of the weekly R2 at the 110.516 mark to surge towards the 61.80% Fibonacci retracement level. In general, the surge could continue as high as the 110.80 level, if it resumes. On the other hand the pair might retrace back down to the support levels near the 110.15 level. Latest Fundamental Event The Bureau of Labor Statistics
On Wednesday morning, the GBP/USD trades between the 55-hour and the 100-hour simple moving averages at the 1.2880 level. In regards to the future, the pair was facing a strong support cluster. If the support gets passed, the rate would decline as low as 1.2720. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK BOE Official Bank Rate
The European Single Currency appreciated against the US Dollar to break the resistance levels of the monthly S1 and the bottom boundary of the dominant pattern line. However, it is expected that the rate will continue its depreciation. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release the previous Wednesday at 19:00 GMT.
The yellow metal continued to trade with high volatility. However, it can be seen that the commodity price has revealed new patterns. In general, the rate was expected to surge up to a combination of resistance lines at 1,316.00. Economic Calendar Analysis This week will be busy for macroeconomic data releases. With the exception of Tuesday, on each day there is a notable
The target of the 110.50 has been reached. The USD/JPY had reached far above the 110.50 mark before stopping and consolidating its gains. In general, the surge could continue as high as the 110.80 level, if it resumes. On the other hand the pair might retrace back down to the support levels near the 110.15 level. Latest Fundamental Event The Bureau of Labor
The previous low target of the GBP/USD has been reached. Moreover, the pair had reached 30 pips below the previously set target by touching the 1.2830 mark. In regards to the future, the pair was facing a strong support cluster. If the support gets passed, the rate would decline as low as 1.2720. Latest Fundamental Event The British Pound depreciated against the US
The support of the dominant pattern and the monthly pivot point at 1.1300 was passed. The move has resulted in a drop downwards. In general, for the future it is expected that the pair will continue its descent in the future. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release the previous Wednesday
On Monday the yellow metal's price declined down below all notable support levels on the hourly chart. The move was unexpected from a technical analysis perspective, as the pair had surged above many resistance levels, signalling a surge and triggering the stop losses of short positions. Economic Calendar Analysis This week will be busy for macroeconomic data releases. With the exception of Tuesday,