The EUR/USD currency exchange rate has declined below the combination of the weekly simple pivot point and the 200-hour simple moving average. However, support was eventually found in the 1.0320 level. By mid-Wednesday, the pair had almost recovered to the 1.0400 mark. A potential surge of the Euro against the US Dollar might surge above 1.0400 and aim at the
The price for gold has recently been trading between the support of the 1,740.00 and resistance of 1,760.00 levels. Meanwhile, the commodity has been ignoring the 50, 100 and 200-hour simple moving averages. At mid-day on Tuesday, the price was approaching the 1,760.00 level. A move above the 1,760.00 would not immediately indicate a broader surge, as the level was pierced
This week, the USD/JPY currency pair has been finding support in the combination of the previous November low level and the 137.50 level. In the meantime, it has been spotted that the pair is encountering resistance in the 130.00 mark. During the first half of Tuesday's trading, the pair was heading to the support levels. If the 137.50 level holds, another
The GBP/USD currency pair has found support in the zone near 1.1950. This zone has acted as support and resistance since November 16. If the Pound recovers against the US Dollar, it would have to break the combined resistance of the 1.2050 level and the 50 and 100-hour simple moving averages. Higher above, note that the 1.2100 and 1.2150 levels
Despite the high volatility experienced on Monday, the EUR/USD has returned to trade between the 1.0350 and 1.0400 levels. On Tuesday morning, the pair was finding support in the 200-hour SMA and the weekly simple pivot point near 1.0350. On the other hand, resistance was found in the combination of the 50 and 100-hour simple moving averages near 1.0400. A
The price for gold encountered resistance in the 1,760.00 level on Friday morning. The event was followed by a decline, which by mid-day was passing the 1,745.00/1,750.00 support zone and the 100-hour simple moving average. In the case of the 1,745.00 level being passed, the metal is expected to approach the support of the 1,732.30/1,733.00 range. However, the 1,740.00 and
The recovery of the USD/JPY has passed above the 139.00 level, the 50-hour simple moving average and the 139.50 level. However, at mid-day on Friday, the weekly simple pivot point was acting as resistance at 139.60. A move above the 139.60 level might be stopped by the combination of the 140.00 level and the 100 and 200-hour simple moving averages. Higher
On Thursday, the GBP/USD was eventually stopped an reversed by the 1.2150 level. The decline of the Pound against the US Dollar found support in the 50-hour simple moving average at mid-day on Friday. If the SMA pushes the pair up, another test of the 1.2150 level could be expected. Higher above, note the combination of the weekly R2 simple
By the middle of Friday's trading, the EUR/USD had passed below the combined support of the 1.0400 mark and the 55-hour simple moving average. A continuation of the Euro's decline against the US Dollar might look for support in the 1.0350 mark, the weekly simple pivot point at 1.0359 and the approaching 50, 100 and 200-hour simple moving averages.
The release of the worse than expected US Unemployment Claims and Purchasing Managers Indices caused a decline of the US Dollar during the second part of Wednesday's trading. The worse than expected data signalled to the markets that the Federal Reserve might not hike US interest rates as steeply, as previously thought. Namely, the borrowing costs and with it demand for
The release of the worse than expected US Unemployment Claims and Purchasing Managers Indices caused a decline of the US Dollar during the second part of Wednesday's trading. The worse than expected data signalled to the markets that the Federal Reserve might not hike US interest rates as steeply, as previously thought. Namely, the borrowing costs and with it demand for
The release of the worse than expected US Unemployment Claims and Purchasing Managers Indices caused a decline of the US Dollar during the second part of Wednesday's trading. The fundamental push was enough to cause a surge of the GBP/USD above the resistance zone near 1.1950. On Thursday morning, the rate had reached above 1.2100. An extension of the ongoing surge
Due to a broad decline of the US Dollar, the EUR/USD rate has reached a new high level at 1.0448. At that level, the combined resistance of the 1.0450 mark and the weekly R1 simple pivot point at 1.0446 caused a retracement downwards. By the middle of Thursday's European trading hours, the rate had reached the 1.0400 mark. An extension
Throughout this week, the price for gold has fluctuated between the support of the 1,732.50/1,733.20 zone and resistance at 1,745.30/1,749.60. Meanwhile, for short periods of time the 50-hour simple moving average has managed to impact the price. In the case of a decline below 1,732.50, the price could find support in the 1,730.00 level, which impacted the metal in September. Further
The USD/JPY bounced off the resistance zone at 142.05/142.28 on Wednesday morning and declined to the 141.00 level. During the decline, the pair shortly found support in the 50-hour simple moving average. However, after finding support at 141.00, the rate's follow up recovery encountered resistance in the 50-hour simple moving average and the weekly R1 simple pivot point at 141.43. In
The combination of the 50 and 100-hour simple moving averages together with the weekly simple pivot point failed to hold. The levels were passed and started to act as support. During the first part of Wednesday's European trading hours, the GBP/USD was approaching the resistance zone near 1.1950, as the weekly simple pivot point provided support at 1.1876. If the Pound
The EUR/USD has continued to recover, as on Wednesday morning the pair reached above 1.0340. During the ongoing surge it was noted that the 50, 100 and 200-hour simple moving averages could barely impact the currency pairs direction. Namely, the SMAs acted as support or resistance only a couple of hours. A continuation of the ongoing recovery of the Euro
The decline of the price of the yellow metal eventually found support in the 1,732.40 level. The event was followed by a recovery, which by mid-Tuesday had approached the 50-hour simple moving average near 1,747.00. A move above the 50-hour simple moving average could encounter resistance in the 1,750.00 mark. Higher above, note the combination of the 100 and 200-hour simple
The USD/JPY has revealed a resistance zone at 142.05/142.28. By the middle of Tuesday's trading, the pair had declined and appeared to be finding support in the weekly R1 simple pivot point at 141.53 and the 141.50 level. A decline below 141.50 of the USD/JPY pair might look for support in the 50-hour simple moving average and the 141.00 level. Further
As the 200-hour simple moving average approached the GBP/USD rate from below, a recovery started. The recent low and the November 17 low level have been marked as a support zone. On Tuesday morning, the pair reached the combined resistance of the 50 and 100-hour simple moving averages near 1.1855/1.1865. A move above 1.1865 could encounter resistance in the weekly simple
The EUR/USD has found support in the 1.0223/1.0226 range. This range provided enough support for the pair to reach above 1.0250. On Tuesday morning, the currency exchange rate was heading to the 50 and 200-hour simple moving averages near 1.0290/1.0300. A move by the pair above 1.0300 could encounter resistance in the 100-hour simple moving average near 1.0330. Higher
The price for gold has declined below the combination of the 1,750.00 mark and the 200-hour simple moving average. By the start of Monday's US trading hours, the commodity price had almost reached the 1,735.00 level. An extension of the decline could find support in the 1,730.00 level, which marks the September high level zone. However, in early November, the price
On Monday, an all out US Dollar's surge occurred. On the USD/JPY chart it resulted in a surge to the 142.00 level, which acted as resistance. A decline of the US Dollar against the Japanese Yen is expected to look for support in the 141.00 mark and the 200-hour simple moving average. Meanwhile, note that the 141.50 level and the weekly
The 1.1950 eventually provided enough resistance for the GBP/USD pair to decline. On Monday, the pair was finding support in the 1.1800 mark. In the case of a move below 1.1800, the currency pair might look for support in the 200-hour simple moving average near 1.1760. Further below, note the 1.1750 level and the weekly S1 simple pivot point at