The USD/JPY reached the June high level at 109.83 where a 61.80% Fibonacci retracement level is located at. The rate reached the target faster than forecast, as the pair broke the narrow channel up pattern, which had guided the rate before. Afterwards, two attempts to pass the Fibonacci retracement level were made and both failed. By the middle of Monday's
The GBP/USD started the week with a sharp surge, which broke various resistance levels. By the middle of Monday's European trading hours, the pair had reached above the 1.3840 level. In the meantime, the rate's recent surge revealed a channel up pattern. The pattern captures the rate's surge, which has been occurring since March 25. The channel's borders could provide
Since Friday, the EUR/USD has been kept down by the combined resistance of the 1.1800 level and the 55-hour simple moving average. In the meantime, it was spotted that since Thursday the rate has been finding support in the 1.1763 level. In the near term future, the rate was expected to get squeezed into the 1.1763 level by the declining 55-hour
The yellow metal continued to trade sideways in a wide range. On Friday, analysts marked the borders of the zone. From above, the rate is facing resistance from 1,745.55 to 1,747.30. From below, a support zone is located at 1,722.20/1,725.30. Economic Calendar Analysis Next week, on Wednesday, at 13:15 GMT, the US ADP Non-Farm Employment Change is set to be released. On
Just before Friday's mid-day European trading hours, the USD/JPY broke the resistance of the 109.25/109.35 zone. Due to that reason, the rate was expected to reach for the resistance levels that were located from 109.73 to 109.83. In the meantime, the currency exchange rate has revealed a narrow channel up pattern, which has guided the rate's surge since the start
The support of the 1.3670/1.3675 zone was enough for the currency exchange rate to break the channel down pattern. Moreover, by the middle of Friday's trading, the rate had passed the resistance of the 55 and 100-hour simple moving averages. Economic Calendar Next week, the week will start on Wednesday with the UK Final GDP at 07:00 GMT. The GBP/USD has
The decline of the EUR/USD continued, as the 1.1800 level was passed on Thursday and the rate reached the 1.1762 level. The rate rebounded from the 1.1762 mark and began a recovery. By the middle of Friday's European trading hours, it appeared that the EUR/USD could test the resistance of the 1.1800 level. Economic Calendar Analysis Next week, on Wednesday, at 13:15
Since the start of Wednesday's trading, the yellow metal has been trading between the 1,730.00 and 1,740.00 levels. In the meantime, the price is being slightly impacted by the hourly simple moving averages and the Fibonacci retracement levels of the March 18 high and the March 12 low levels. In regards to the near term future, the rate is highly likely
The resistance of the 55-hour simple moving average did not hold out on Wednesday. Moreover, by the middle of Thursday's European trading hours, the rate passed the resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point. Namely, at mid-day the rate had reached above the 109.00 level and the US Dollar had regained all
The GBP/USD remains in a channel down pattern, which has guided the rate since March 18. However, the decline has not reached a new low level, as the rate appears to have found support in the 1.3670/1.3675 level. In regards to the near term future, the rate was expected to get squeezed in between the mentioned support zone and the
The decline of the EUR/USD reached the 1.1800 mark during early Thursday's trading hours. The near term future depended on whether or not the 1.1800 level and the weekly S2 at 1.1808 provide support to the currency exchange rate. Economic Calendar Analysis On Thursday, the week will end for EUR/USD macro events, as the US Final GDP is set to be released
In a sharp move just after mid-day on Tuesday, the support of the 200-hour simple moving average was passed. However, almost immediately the rate found support in the 1,725.00 level. By the middle of Wednesday's European trading hours, the metal's price had retraced back up to the 1,735.00 level. Economic Calendar Analysis On Wednesday, at 13:45 GMT the US Services and Manufacturing PMIS
The USD/JPY did not need the support of the 50.00% Fibonacci retracement level at 108.35 to recover. The rate found support just above the 108.40 mark and surged to the 55-hour simple moving average, which provided resistance. By the middle of Wednesday's trading, the rate was making another attempt to pass the 55-hour SMA. Economic Calendar On Wednesday, at 13:45 GMT the
The decline of the GBP/USD has reached below the 1.3700 level. Moreover, the descending channel pattern, which was previously broken has been adjusted. Namely, the upper trend line has been set at the Tuesday's high levels. Economic Calendar On Wednesday, at 13:45 GMT the US Services and Manufacturing PMIs could cause moves from 7.8 to 30.5 pips. On Thursday, the US Final
On Tuesday, the support of the 1.1875/1.1885 zone failed to keep the rate up. In addition, the currency exchange rate passed the support of the weekly S1 simple pivot point at 1.1856. On Wednesday, it appeared that the 1.1850 level was providing resistance to the rate. Meanwhile, by the middle of the day the rate had reached below 1.1820. Economic Calendar Analysis On
Since the middle of Monday's European trading, the commodity price has continued to be supported by the 200-hour simple moving average. In the meantime, the price almost ignored the 55 and 100-hour simple moving averages. Economic Calendar Analysis On Wednesday, at 13:45 GMT the US Services and Manufacturing PMIS could cause moves. On Thursday, the US Final GDP is set to be released
The USD/JPY managed to break the resistance line, which guided it down since early February 18. However, the following surge was almost immediately stopped by the resistance of the 55-hour simple moving average. At mid-day on Tuesday, the USD/JPY bounced off the SMA and sharply declined below the support of the 108.75/108.80 support zone, the weekly S1 simple pivot point
During the prior weeks, the GBP/USD traded in channel down and channel up patterns that represented the rate's larger scale sideways trading between the 1.3800 and 1.4000 mark. Most recently, the rate was in a channel down pattern that had guided the rate to a support zone near 1.3820. The zone provided enough support for the pair to break the
Despite piercing the resistance of the 1.1940 the EUR/USD failed to reach the 1.1950 mark and started a decline. This attempt provided the opportunity to adjust the width of the resistance zone that surrounds the 1.1940 level. By the middle of Tuesday's European trading hours, the currency exchange rate had reached the support of the 1.1875/1.1885 zone. Near term future forecast
In general, liquidity on the DUK+/EUR chart is gone. The rate has been flat. The only exception to this is the pair's March 19 drop to the 3.4500 mark. The drop occurred as almost a fourth of the sell orders of the wall at 3.5100 have moved to 3.4500. Namely, Dukascoin bears are giving in and agreeing to lower prices. Daily Candle
The yellow metal's surge, which was started by the support of the 200-hour SMA on Thursday, eventually found resistance. Namely, the 1,745.50/1,747.40 zone provided resistance. By the middle of Monday's trading, the commodity price had retraced down to the support 200-hour simple moving average. Economic Calendar Analysis On Wednesday, at 13:45 GMT the US Services and Manufacturing PMIS could cause moves. On Thursday, the
The support zone of the 108.75/108.80 level failed, as the USD/JPY clearly passed it on Friday and afterwards began to ignore it. In the meantime, it was spotted on Monday that the 108.60 level provided the rate with support even as early as Thursday. In addition, a descending trend line was added to the chart. The trend line has kept
The support of the 1.3900 level eventually failed to keep the GBP/USD up on Friday. After the support failed, the rate began a decline, which found support in the 1.3820 level. A new support zone of this level and the March 16 low level has been drawn. In addition, a channel down pattern has been spotted. The pattern captures the
During Monday's early trading hours, the EUR/USD found support in the 1.1875/1.1885 zone and began a recovery. By the middle of the day's GMT trading hours, the pair had reached above a technical resistance cluster at 1.1910/1.1930. Economic Calendar Analysis Notable macroeconomic events will start on Wednesday. From 08:15 up to 09:00 the Markit Services and Manufacturing Purchasing Managers Indices would be