The EUR/USD currency exchange rate has extended its recovery. On Friday, the rate was heading to the upper trend line of the channel down pattern. However, it was slowed down by the 200-hour simple moving average near 1.0620. Economic Calendar Analysis This Friday, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. Next week, the
Gold has extended its decline. Moreover, it has broken the channel down pattern. By mid-Thursday it appeared that the commodity price could reach the 1,850.00 level. In general, the metal's price has not been this low since March. Economic Calendar Analysis On Friday, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. XAU/USD short-term forecast
The USD/JPY has surged more than expected. Moreover, the pair has broken the channel up pattern's resistance line. On Wednesday, the rate encountered resistance at 149.70, before starting a retracement down. On Thursday, the currency exchange rate was finding support in the weekly R2 at 149.18 and the 50-hour simple moving average. Economic Calendar On Friday, all attention will be on the
The support of the channel down pattern has caused a recovery of the GBP/USD currency pair. During the second part of Thursday's trading, the rate was trading around the 1.2200 mark. Economic Calendar On Friday, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. GBP/USD short-term view A continuation of the ongoing Pound's recovery against the
The EUR/USD has started a recovery from the combined support of the 1.0500 mark and the lower trend line of the channel down pattern. During the early hours of Thursday's US trading, the pair had reached the 1.0570 level. Economic Calendar Analysis On Friday, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. EUR/USD hourly
Gold has extended its decline. For a short period, the 1,900.00 mark held, but eventually the commodity declined as low as 1,890.00. Economic Calendar Analysis This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. XAU/USD short-term forecast Next target for the price decline is the lower trend line of the channel down pattern.
The USD/JPY consolidated above the 148.80 level and the weekly R1, as it was approached by the support of the 50-hour simple moving average. The SMA managed to push the rate higher and through the weekly R2 simple pivot point's resistance at 149.18. Note that the pivot point might have failed due to the consolidation and the fact that the
The pair has been declining by closely trailing the lower trend line of the channel down pattern. Throughout the first part of Wednesday's trading, the trend line kept the rate up. Economic Calendar This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. GBP/USD short-term view Eventually, the decline of the Pound against the US
As the EUR/USD rate was being approached by the resistance of the 50-hour simple moving average, the rate resumed its broader decline. By mid-Wednesday, the currency pair had reached below the support of the 1.0550 level and the weekly S2 simple pivot point at 1.0543. Economic Calendar Analysis This week, all attention will be on the US Core PCE Price Index release
The price for gold has passed below 1,915.00 and 1,910.25 levels. On Tuesday, the commodity price had reached the support zone below 1,905.00 Economic Calendar Analysis This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. XAU/USD short-term forecast In the case of a recovery of the commodity the metal's price is set to
On Tuesday, the USD/JPY hit the combined resistance of the upper trend line of the channel up pattern and the weekly R2 simple pivot point at 149.17. The resistance caused a retracement down to the support of the weekly R1 at 148.76. Economic Calendar This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30
The GBP/USD has reached the support of the weekly S1 simple pivot point at 1.2170. Economic Calendar This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. GBP/USD short-term view A recovery from the 1.2170 level could encounter resistance in the 1.2200 mark and the 50-hour simple moving average near 1.2220. Higher above, note the
Since Monday, the EUR/USD has traded near the 1.0600 mark. Despite passing below support levels, the rate did not decline further. In general, previous scenarios remain valid. Economic Calendar Analysis This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. EUR/USD hourly chart The next target for the decline could be the combination of the
On Monday, the price for gold plummeted and hit the support of the 1,915.00 mark. Economic Calendar Analysis This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. XAU/USD short-term forecast A move below 1,915.00 could result in the commodity price looking for support in the 1,910.25 level. Below this level take into account
The USD/JPY is heading for the 150.00 mark, as this Monday it approached the 149.00 level. Economic Calendar This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. Hourly Chart Resistance could be encountered in the 149.00 mark, the upper trend line of the channel up pattern and the weekly R2 simple pivot point
This week, the Pound reached the 1.2200 mark and was set to decline further. Economic Calendar This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. GBP/USD short-term view The decline could look for support in the weekly S1 simple pivot point at 1.2170 and the lower trend line of the channel down pattern. In
On September 25, the EUR/USD currency pair passed below the 1.0600 mark and the weekly S1 simple pivot point at 1.0592 Economic Calendar Analysis This week, all attention will be on the US Core PCE Price Index release on Friday at 12:30 GMT. EUR/USD hourly chart The next target for the decline could be the combination of the 1.0550 level and the weekly S2
The low level zone near 1,915.00 has provided enough support for the price for gold eventually reaching above the 1,920.00/1,923.00 range and the 50-hour simple moving average. However, the commodity appears to have started trade around the 1,925.00 mark. Economic Calendar Analysis This week, notable events are over. Due to this reason, the current momentum might remain intact. XAU/USD short-term forecast A recovery
The USD/JPY passed below 147.00 and almost reached the 146.50 level, before starting a recovery. By mid-Friday, the currency pair had almost reached the 147.50 level and the weekly R1 simple pivot point. Economic Calendar This week, notable events are over. Due to this reason, the current momentum might remain intact. Hourly Chart A move above 147.50 and the weekly R1 simple pivot
The GBP/USD bounced off the combined support of the weekly S2 at 1.2447 and the lower trend line of the channel down pattern. During the early hours of Friday's trading, the pair reached the upper trend line of the pattern near 1.2500 and appeared to have resumed the broader decline. Economic Calendar This week, notable events are over. Due to this reason,
The EUR/USD currency exchange rate has passed below the 1.0700 mark. However, the event did not result in a broader decline, as the pair started to trade sideways. By mid-Friday the EUR/USD had bounced around the 1.0700 mark and broken the channel down pattern by remaining almost flat. Economic Calendar Analysis This week, notable events are over. Due to this reason, the
The price for gold reached for the 1,915.00 mark, before starting a recovery. At mid-day on Thursday, the commodity price had reached above the 1,920.00/1,923.00 range and faced the 50-hour simple moving average. Economic Calendar Analysis This week, notable events are over. Due to this reason, the current momentum might remain intact. XAU/USD short-term forecast A resumption of the broader decline is expected
The USD/JPY currency pair has been bouncing off the 147.80/147.88 range. The zone has been marked on the hourly candle chart as resistance. Meanwhile, on Thursday, support was found at 147.23/147.36. Economic Calendar This week, notable events are over. Due to this reason, the current momentum might remain intact. Hourly Chart A move above 147.88 is expected to almost immediately face resistance in
The GBP/USD resumed its descent after the release of the better than expected US ISM Services PMI survey results. In the aftermath of the initial drop, it was spotted that the recent lower low and lower high levels can be connected to reveal support and resistance lines. At mid-day on Thursday, the rate was looking for support in the combination