The 1,900.00 range acted as support and caused a sharp retracement back up to the 1,930.00 level. The 1,930.00 has acted as resistance and keeps the commodity price down. Most likely, the price will remain near 1,930.00 until the US Federal Reserve makes a rate statement and the follow up press conference makes its impact. Higher above, note previous notable round
The USD/JPY continues to fluctuate around the 130.00 level. Note that even the hourly moving averages are located now at that level. Previous forecast scenarios have been left unchanged. In general, the pair waits for future direction in the form of the US Federal Reserve Rate hike on Wednesday at 19:00 GMT. The move above 130.00 faces resistance in the 130.50
The GBP/USD has reached the 1.2300 mark, as it was expected on Tuesday. However, the pair appears to have paused above the round level, as it expects the reveal of the US and UK central bank monetary policy. The US Federal Reserve is set to make a statement on Wednesday at 19:00 GMT and the Bank of England will hike
The EUR/USD started a recovery, prior to properly touching the support of the 1.0800 mark. The low levels, which acted as support have been marked on the chart. The follow up recovery had reached above various technical levels including weekly simple pivot points and the 50, 100 and 200-hour simple moving average. The move back up to previous levels
The price of gold lost the support of the 1,920.00 level on Tuesday morning and sharply plummeted down to the support zone, which surrounds the 1,900.00 mark. If the commodity price recovers from the support zone, it could face resistance in the 1,920.00 mark and the three hourly moving averages near 1,925.00/1,930.00. Higher above, note previous notable round price levels
Despite other currencies dropping against the US Dollar, it appears that the Yen is holding its ground. The USD/JPY continues to fluctuate around the 130.00 level. Note that even the hourly moving averages are located now at that level. Previous forecast scenarios have been left unchanged. The move above 130.00 faces resistance in the 130.50 and 131.00 levels. Both of
The GBP/USD ended the waiting near 1.2400 mark and declined below 1.2350 on Tuesday morning. By the middle of the day, it appeared that the pair could reach the 1.2300 level. A move below the 1.2300 level might result in the rate looking for support in the weekly S1 simple pivot point at 1.2290. Further below, take into account the
The EUR/USD did not wait until the publication of the US Federal Reserve rate or the ECB rate, as on Tuesday morning the pair declined. Namely, the pair reached below the 1.0835/1.0840 range and approached the 1.0800 mark. An extension of the decline of the Euro against the US Dollar might look for support in the 1.0800 mark and
It appears that market participants have taken profits from the commodity price's recent surge. The price has declined to trade at 1,920.00/1,935.00. Meanwhile, the metal has broken the support of various moving averages and the support trend line, which has guided it recently. The near term future of the price for gold is going to be set by the US Federal
The USD/JPY is ignoring the technical levels like the weekly simple pivot point and hourly moving averages. The reason for the moves is the fact that the pair is waiting for the Wednesday's US Federal Reserve Rate hike. The move above 130.00 could face resistance in the 130.50 and 131.00 levels. Both of these levels have recently acted as resistance.
As the title suggests, the GBP/USD has continued to remain near the 1.2400 mark. The pair appears to be waiting for this week's central bank rate hikes, as both the US Federal Reserve and the Bank of England are set to announce rates during this week. A potential decline of the currency pair would have to pass below the weekly simple
The EUR/USD appears to be waiting for the Federal Reserve rate hike and press conference by trading near the 1.0900 level. Resistance is found at 1.0920/1.0925 and support is located at 1.0835/1.0840. A surge of the Euro against the US Dollar might encounter resistance in the weekly R1 simple pivot point at 1.0918 and the 1.0920/1.0925 range. Higher above,
At midnight to Thursday GMT time zone, the price for gold almost reached the 1,950.00 mark. However, resistance was encountered and a decline started. By mid-day, the price had reached below 1,935.00. An extension of the downwards retracement might look for support in the 1,930.00 mark and the 100-hour simple moving averages. However, these levels failed to act as support. Further
The decline of the USD/JPY passed one technical support level after another until it reached the 129.00 mark on Thursday morning. The round level acted as support and caused a surge up to the 130.00 level. It was observed that the 130.00 mark was acting as resistance. Namely, the main conclusion was that the round exchange rate levels are set
The recovery of the Pound against the US Dollar reached above 1.2400 on Thursday. However, the exchange rate did not reach the 1.2435/1.2450 range. A decline of the currency pair could look for support in the 50 and 100-hour simple moving averages near 1.2450/1.2470. Further below, note the 200-hour SMA and the weekly simple pivot point at 1.2333. Further below, note
On Thursday, the EUR/USD approached the 1.0920/1.0925 zone, which once again acted as resistance. The following decline reached the 50-hour simple moving average and the 1.0900 mark. A move below the 50-hour SMA might look for support in the 100-hour simple moving average near 1.0880, Further below note the combination of the 200-hour SMA and the 1.0850 level. Below these
On Wednesday morning, the price for gold passed below the 50 and 100-hour simple moving averages, the lower trend line of a channel up pattern and the 1,930.00 mark. Essentially, the price had declined due to bouncing off a resistance zone at 1,939.30/1,942.30. An extension of the decline could look for support in the 1,920.00 level and the 200-hour simple moving
The lower trend line of the channel up pattern kept the USD/JPY up for 17 hours straight. On Wednesday, at 09:00 GMT, the currency pair passed below the trend line and a sharp decline had started. By 10:00 GMT, the pair had reached below 130.00. The ongoing decline is expected to look for support in the combination of the 100 and
The Tuesday's decline of the Pound against the US Dollar has found support in the 1.2260/1.2265 range. Afterwards, the pair recovered and reached up to consolidate by trading sideways near the 1.2330 level. On Wednesday morning, the pair was being squeezed in between the weekly simple pivot point's resistance at 1.2333 and the support of the 200-hour simple moving average
The EUR/USD found support in the combination of the weekly simple pivot point and the 100 and 200-hour simple moving averages near 1.0840. The event was followed by a surge. By the middle of Wednesday's European trading hours, the pair had reached above 1.0900 and was testing the resistance of the weekly R1 simple pivot point at 1.0906. By
After consolidating and finding support at 1,910.00, the price for gold has surged and by mid-Tuesday the 1,940.00 mark was pierced. Next target for the surge was the 1,950.00 level. In the case of a move above 1,950.00, look out for other round price levels to reveal resistance zones. On the other hand, a decline of the commodity price might find support
This week, the USD/JPY continued to trade near 130.50. Meanwhile, it was spotted that the currency pair has been ascending in a channel up pattern since January 18. If the US Dollar continues to surge against the Japanese Yen, the currency would face resistance in the 131.00 level and the weekly R1 simple pivot point at 131.62. Higher above, note
On Tuesday, the GBP/USD failed at reaching above 1.2400. The event was followed by a sharp decline, which by 12:30 GMT had reached below 1.2300 and the 200-hour simple moving average. An extension of the ongoing decline might find support in the 1.2250 level and the weekly S1 simple pivot point at 1.2230. Afterwards, the 1.2200 level could act a support. On
In the aftermath of shortly trading above the 1.0900 mark, the EUR/USD has retreated. On Tuesday the pair was finding support in the 1.0860 level and resistance was provided by 1.0900. In the case of a resumption of the Euro surge against the US Dollar, the pair would have to reach above the 1.0900 mark and the Monday's high level