By the middle of Friday's trading hours, the EUR/USD broke the channel up pattern and past the support of 55-hour simple moving average. Afterwards, the rate found support in 1.1915 and 100-hour SMA. The decline was caused by a fundamental event. The ECB announced the increase of monetary stimulus on Thursday. Namely, the supply of EUR is expected to rise. Economic Calendar
The most important fact to mention in regards to gold is that it has broken the upper trend line of the pattern, which guided it down since early February. This indicates that the decline of the metal could be over and a recovery is starting. Economic Calendar Analysis The notable data releases for this pair this week are over. Next week's events
The USD/JPY currency exchange rate has been finding support in a 50.00% Fibonacci retracement level at 108.35. In addition, note that a channel down pattern was spotted. Most USD rates have been guided by a channel pattern throughout the week. In the case of the USD/JPY the pattern is capturing a decline of the rate. Economic Calendar The notable data releases
The GBP/USD has passed the resistance of the 200-hour simple moving average. It has resulted in a surge, which on Thursday aimed at the 1.3982 level, where a weekly R1 simple pivot point was located at. Meanwhile, a channel up pattern was spotted, which has guided the rate during this week. Economic Calendar The notable data releases for this pair this week
By the middle of the day's European trading hours, the currency exchange rate had reached the resistance of the 200-hour simple moving average and the weekly simple pivot point at 1.1975. In the meantime, analysts spotted a channel up pattern, which had guided the rate throughout this week. It captures the broad decline of the USD, which can be spotted on
As it was speculated on Tuesday, the yellow metal was impacted by round price levels before reaching the 200-hour simple moving average. Namely, the 1,710.00 and 1,720.00 levels provided the commodity price with both support and resistance. In the meantime, on Wednesday, the price was being approached by the mentioned SMA. Economic Calendar Analysis On Wednesday, the US Consumer Price Index data could
The support of the 55-hour SMA, which pushed the rate up since February 24 has failed at continuing the surge of the USD/JPY. Since late Tuesday's European trading hours, the rate has been trading around the simple moving average. In the meantime, the currency exchange rate was being approached by the support of the 100-hour simple moving average. Economic Calendar On Wednesday,
Since the middle of Tuesday's European trading hours, the GBP/USD has been testing the resistance of the 200-hour simple moving average. By the middle of Wednesday's trading, the SMA had reached the 1.3905 level and another test of resistance was ongoing. Future forecasts were based upon whether or not the SMA's resistance holds. Economic Calendar On Wednesday, the US Consumer Price Index
The EUR/USD did not reach the 1.1950 level, as it encountered resistance at 1.1915. In the meantime, the rate was being approached from above by the 100-hour simple moving average. Near term forecasts were based upon whether or not the 100-hour simple moving average provides resistance. Economic Calendar Analysis Notable data releases will start on Wednesday. On that day, the US Consumer Price
The yellow metal's price found support in the 1,680.00 level before starting a recovery. At mid-day on Tuesday, the commodity price passed the resistance of the 100-hour simple moving average near the 1,700.00 mark. Due to that reason, the metal had no technical resistance as high as the 200-hour simple moving average at 1,727.45. Economic Calendar Analysis On Wednesday, the US Consumer Price
The USD/JPY surged on Monday without the support of the 55-hour SMA. On Tuesday morning, the rate reached the resistance of the weekly R1, which managed to hold and cause a retracement back down. By the middle of the day, the pair had found support in the mentioned 55-hour SMA and appeared to be about to resume its decline. Economic Calendar On
The GBP/USD broke the resistance of the 1.3870 level and reached the 1.3900 mark. This level started to provide resistance to the currency exchange rate. Near term future scenarios were based upon whether the rate manages to pass the resistance of 1.3900. Economic Calendar On Wednesday, the US Consumer Price Index data could cause a minor move on USD assets at 13:30
At the start of Tuesday's trading, the EUR/USD found support in the weekly S1 simple pivot point at 1.1838. It resulted in a surge, which passed the resistance of the 55-hour simple moving average. In the near term future, the pair was expected to reach for the 1.1950 level and the 100-hour simple moving average. Economic Calendar Analysis Notable data releases will start
The DUK+/EUR currency exchange rate has ended being flat and declined. It occurred, as some sellers took the buy orders below the 3.5000 mark. In the meantime, the rate still faces a massive wall of sell orders at 3.5100. Moreover, almost thousand orders have been moved to the 3.4500 level. Daily Candle Chart What can be concluded from the
During early Monday's trading, the metal made a failed attempt at surging. The attempt was stopped by the resistance of the 100-hour simple moving average. By the middle of the day, the price had returned to the 1,690.00 level's support. Economic Calendar Analysis On Wednesday, the US Consumer Price Index data could cause a minor move on USD assets at 13:30 GMT. Click
The USD/JPY has been consolidating by trading sideways, as the pair found resistance at the 108.60 level. The rate could resume its surge, as soon as the 55-hour simple moving average catches up with the rate. Economic Calendar On Wednesday, the US Consumer Price Index data could cause a minor move on USD assets at 13:30 GMT. The USD/JPY has moved from
The GBP/USD started to recover prior to reaching the support of the February 12 low level at 1.3775. However, the recovery was almost immediately stopped by the resistance of the 1.3870 level. Meanwhile, take into account that the metal was being approached by the resistance of the 55-hour simple moving average. Economic Calendar On Wednesday, the US Consumer Price Index data could
The EUR/USD has extended its decline, as on Monday the rate reached below the support of the 1.1900 mark. The rate started the decline on Thursday, as the head of the Federal Reserve made comments on monetary policy. In the near term future, the rate was expected to look for support in the 1.1850 mark. Economic Calendar Analysis Notable data releases will
The yellow metal has retreated to trade sideways below the 1,700.00 level. Namely, it continues to trade sideways in an almost ten dollar range by fluctuating between the 1,690.00 and 1,700.00 levels. It changed the spot of trading sideways during the speech of the Chairman of the US Federal Reserve, which strengthened the US Dollar. Economic Calendar Analysis On Friday, at 13:30
New high levels have been reached by the USD/JPY the most recent surge was caused by the US Federal Reserve. Namely, a speech made by the head of the Federal Reserve Jerome Powell has caused an all-out surge of the USD. At mid-day on Friday, the rate was testing the resistance of the 108.50 level. Economic Calendar On Wednesday, the US ADP
As soon as the 1.4000 mark's resistance was pierced, the rate started to plummet. Namely, a fundamental event caused a drop, which eventually even passed the support of the 1.3830/1.3870 zone. On Friday, the rate was looking for support in the 1.3800 mark. In the meantime, it was spotted that a majority of GBP/USD traders of the Swiss Foreign
The speech of the Chairman of the Federal Reserve Jerome Powell on Thursday at 17:00 GMT caused a surge of the US Dollar, which beat down the EUR/USD. By the middle of Friday's GMT trading hours, the rate had reached the 1.1920 level. In the near term future, the rate was expected to look for support that would force it
Since the middle of Wednesday, the yellow metal has traded between the 1,710.00 and 1,720.00 levels. In the near term future, the metal could be pushed down by the resistance of the 55 and 100-hour simple moving averages. Economic Calendar Analysis On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will be on the headlines. On the same day, at
The surge of the USD/JPY has continued, as on Thursday morning the rate almost reached the 107.40 level. However, a consolidation by trading sideways or declining was highly likely, as the USD had overextended its gains against the JPY. Economic Calendar On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will be on the headlines. However, the market does not