The 1.4000 mark held and forced the rate into a decline. It appeared on Thursday, that the rate could end the week by having traded up and down in the 1.3870/1.4000 zone. In the near term future, the rate was expected to look for support in 1.3870. Economic Calendar On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will be
The EUR/USD bounced off the resistance of the 1.2100 mark and began a decline. At mid-day on Thursday, the decline was expected to eventually reach the 1.2000 level. Future short term forecasts were based upon whether the 1.2000 mark provides support. Economic Calendar Analysis On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will be on the headlines. However, the market
Late on Tuesday, the metal's price found resistance in the 1,740.00 mark and began a decline. During early hours of US trading, the metal had almost reached the support of the 1,700.00 mark. It was expected that this level could provide support and stop the decline. Economic Calendar Analysis On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will be on
On Wednesday, the USD/JPY was being supported by the 55-hour simple moving average, which was pushing the rate up. It was expected that the rate would most likely reach new high levels. 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 care, as since December 2 the rate
The GBP/USD currency exchange rate recovered from the support of the 1.3850 mark and surged to the 1.4000 level. Future forecasts were based upon whether or not the 1.4000 mark hold and reverses the pair's recovery. Economic Calendar On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will be on the headlines. However, by large, the market does not care,
The 1.2000 mark managed to provide enough support to the EUR/USD to cause a surge back to the 1.2100 mark. At mid-day on Wednesday, the rate was testing the resistance of the 1.2100 mark, as it made attempts to pass it and reach the technical levels at 1.2125. Economic Calendar Analysis On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will
The yellow metal reached the 1,710.00 level just after midnight to Tuesday, GMT hours. Afterwards, throughout most of the day, the price was recovering. In the near term future, the metal could be pushed down by the resistance of the 55-hour simple moving average, which approached the rate. However, a lower trend line of a large scale pattern was located
The USD/JPY has reached a new high level, as it has almost reached the 107.00 mark. In the near term future, the pair was expected to look for support that could provide the needed push for the rate to reach new high levels. Economic Calendar On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will be on the headlines.
The GBP/USD reached the support that surrounds the 1.3850 mark and bounced off it. Afterwards, the 55-hour SMA was reached. The near term future, depended on whether the 55-hour SMA manages to push the rate down and through the support of the 1.3850 mark. Economic Calendar On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT will be on the headlines.
On Tuesday, the EUR/USD had reached the support of the 1.2000 mark. By doing this, the rate had passed the support of the mid-February low level and the weekly S1 simple pivot point at 1.2011. In the meantime, the rate was being approached by the resistance of the 55-hour simple moving average, which was located near 1.2070. Economic Calendar Analysis On Wednesday, the
The market faces a massive, never before seen, amount of sell orders at 3.5100. Namely, 6,386.60 coins should be sold at 3.5100. Due to that reason a surge of the price is highly unlikely. Meanwhile, during the last week, the rate has remained almost flat. Daily Candle Chart What can be concluded from the technical chart is that the simple moving averages
On Friday, the yellow metal's price broke the descending wedge pattern. The break-out was followed by a sharp decline to the 1,720.00 mark. However, a recovery followed after reaching this level. By the middle of the day's European trading, the metal was testing the resistance of the round price level of 1,760.00. Economic Calendar Analysis On Monday, the US ISM Manufacturing PMI could
On Monday, the USD/JPY started the week by trading near the 106.50 mark, which appeared to be providing the currency exchange rate with support. In the meantime, the rate was being approached by the 55-hour simple moving average, which caused a surge on Friday. Economic Calendar On Monday, at 15:00 GMT, expect the US ISM Manufacturing PMI survey results to cause a
The GBP/USD started the week with testing the resistance of the 1.4000 level. In the meantime, there was a cluster of resistance levels located near the 1.4020 level. Future scenarios were depending on whether or not the 1.4000 mark and the resistance levels at 1.4020 hold or not. Economic Calendar On Monday, the US ISM Manufacturing PMI could cause a GBP/USD move
The EUR/USD tested the resistance of the 1.2100 level on Monday morning. The currency exchange rate's near term future was dependant on what would happen at that level. Economic Calendar Analysis Notable data releases start on Monday. The US ISM Manufacturing PMI could cause a EUR/USD move from 9.1 to 14.5 pips. On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT
Gold has dropped to the 1,760.00 level and on Friday tested the lower trend line of the declining wedge pattern. Future scenarios were based upon whether or not the trend line manages to hold. Economic Calendar Analysis Next week, notable data releases start on Monday. On that day, the US ISM Manufacturing PMI could cause a move. On Wednesday, the US ADP Non-Farm
The weekly R1 pivot point eventually failed to provide resistance, as the rate managed to reach the 106.40 mark during Thursday's trading hours. However, the 106.40 held and caused a retracement to the 55-hour SMA. During the first half of Friday's European trading hours, the 55-hour simple moving average was providing support and pushing the rate back up. Economic Calendar On Monday,
The support of the 200-hour SMA did not hold, as the GBP/USD declined below it on Friday. Moreover, at the start of London trading, the pair had reached the 1.3900 level. Namely, the pair had returned to the February 18 level. In the near term future, the rate was expected to test a support zone that surrounds the 1.3850 mark. Economic
Instead of reaching the resistance of the 1.2250 mark, the EUR/USD bounced off the 1.2240 mark and began a decline. At the start of Friday's London trading hours, the rate had reached the support of the 200-hour simple moving average near 1.2130. In the meantime, the rate ignored the support and resistance of the 55 and 100-hour simple moving averages. Economic Calendar
The yellow metal's price has ended trading sideways by declining below the 1,800.00 level. However, on Wednesday and Thursday the rate was finding support I the 1,785.00 level. Meanwhile, the price had declined below the hourly simple moving averages. Economic Calendar Analysis During the week, only the US Preliminary GDP release on Thursday at 13:30 GMT could cause a notable sudden move. Click on
On Thursday, the USD/JPY traded around the 106.00 level. In the meantime, support was provided by the 105.84 level and resistance was provided by the weekly R1 simple pivot point at 106.17. Future scenarios were based upon whether or not the pivot point holds. Economic Calendar This week, only the US Preliminary GDP release on Thursday at 13:30 GMT could cause a
As forecast, the GBP/USD currency exchange rate reached the support of the 55-hour simple moving average. Since the middle of Wednesday's trading hours, the rate has been pushed up by the SMA. By the middle of Thursday's trading, the rate had been pushed above the 1.4170 mark. Economic Calendar This week, the US Preliminary GDP will be published on Thursday at
On Thursday, the EUR/USD broke the resistance of the 1.2170/1.2190 zone. However, it occurred differently than expected, as the rate had to retrace to the support of the 200-hour SMA before the surge. By the middle of Thursday's GMT trading hours, the rate was heading to the resistance of the 1.2250 mark, which was strengthened by the weekly R2 simple pivot
Since finding resistance in the 1,815.00 mark, the yellow metal's price has been trading sideways between the 1,800.00 and 1,815.00 levels. In the meantime, the 55-hour simple moving average had caught up with the price. It was spotted that on Tuesday and Wednesday the SMA was providing the price with support. Economic Calendar Analysis During the week, only the US Preliminary GDP