At 11:00 GMT on Tuesday, the price of gold began to plummet, as it quickly reached the 1,790.00 mark. It was spotted during the decline that round price levels were providing short term support. In regards to the future, it was possible that the price would end its decline at the early February low level at 1,785.00. Economic Calendar Analysis On Wednesday,
On Tuesday, the USD/JPY retraced back down to find support in the 55-hour SMA and the 105.20 level. Afterwards, by the start of the day's US trading hours, the rate had reached above the 105.70 mark. In the near term future, the rate could test the resistance of the 106.00 mark. Economic Calendar The week is expected to have a lot of
On Tuesday, the GBP/USD broke the resistance of the weekly R1 simple pivot point at 1.3923. Afterwards, the pair touched the 1.3950 mark before beginning a consolidation by retracing back down. In the near term future, the currency exchange rate could look for support in the 55 and 100-hour simple moving averages. Economic Calendar The week is expected to have a lot
The recovery of the EUR/USD extended its gains on Tuesday, as the currency exchange rate reached the 1.2170 level during the morning hours. In the meantime, the most important developments occurred on the daily candle chart, as the pair broke the resistance of the 2021 channel down pattern and the 55-day simple moving average. Economic Calendar Analysis The week is expected to have
The DUK+/EUR currency exchange rate has continue to trade sideways. Moreover, no sudden spikes have taken place, as the rate has remained between 3.5000 and 3.6000 since February 10. Meanwhile, the 55-day simple moving average, failed to provide enough support to the rate to cause a surge. However, the SMA did manage to hold the rate up for one trading session. Daily
Since Friday, the metal had retraced back up and found resistance in a technical level. Namely, the 200-hour simple moving average was providing the commodity with resistance and kept the price from surging. It was possible on Monday that the SMA could push the metal's price even lower. Economic Calendar Analysis On Wednesday, at 13:30 GMT, the US Retail Sales and Core
The USD/JPY has broken free from trading near the 105.00 level, as the rate has surged to the 105.40 mark. I the near term future, the rate was expected to consolidate before it would resume its surge. Economic Calendar The week is expected to have a lot of data releases, which could impact the currency exchange rate. On Wednesday, at 13:30 GMT, the
The GBP/USD has started the week by surging above the 1.3900 level. The rate had found support for a surge in the 1.3780 level. At mid-day on Monday, the currency exchange rate was expected to test the weekly R1 simple pivot point at 1.3923. Economic Calendar The week is expected to have a lot of data releases, which could impact the currency
The passing of the 1.2100 level did not result in a decline to the 200-hour SMA, as the EUR/USD found support in 1.2080. On Monday, the pair had recovered to the 1.2140 level. Note that despite there being no resistance to the rate on the hourly candle chart, the pair faces a strong resistance cluster on the daily candle chart. Economic Calendar
The hourly simple moving averages eventually failed to provide support for a surge, as on Thursday afternoon the commodity price began a decline. By the start of Friday's US trading hours, the commodity had declined and almost reached the 1,810.00 level. Economic Calendar Analysis On Wednesday, at 13:30 GMT, the US Retail Sales and Core Retail Sales could cause a move. However,
On Friday, the USD/JPY was trading around the 105.00 level, as the rate from time to time pierced the resistance of this level only to return to trade below it. Future scenarios depended on whether or not the resistance of the 105.00 mark holds. Economic Calendar Next week is expected to have a lot of data releases, which could impact the currency
The hourly simple moving averages failed to provide the GBP/USD with support that would force it to once again test the 1.3860 level. Instead, by the middle of Friday's trading hours, the rate had retreated to the 1.3780 mark. In theory, due to not having any close by technical support, the rate should continue to decline as low as 1.3740. Economic
The weekly R1 simple pivot point, the 55-day SMA and the upper trend line of the large scale channel down pattern have held. The EUR/USD rate has retreated to the support of the 100-hour SMA and the 1.2100 mark. In the case of the rate passing the 1.2100 level's support, the rate could reach for the 200-hour simple moving average
After shortly reaching above the 1,850.00 level, the metal's price retreated to continue to trade just above the support of the 1,835.00 level and the 200-hour simple moving average. In the near term future, additional support could be provided by the approaching 100-hour simple moving average. It could provide the needed support for the rate to test the 23.60% Fibonacci
On Thursday, the USD/JPY passed the resistance of the 55-hour simple moving average in a sharp move that quickly reached the 104.75 level. At mid-day on Thursday, the SMA was expected to provide support. In the case of the rate surging, the pair could reach the resistance cluster that surrounds the 105.00 mark. Economic Calendar On Thursday, at 13:30 GMT the US
The 1.3860 level provided the GBP/USD with resistance and caused a retracement down to the 1.3810 level. At that level the currency exchange rate found support in the 55-hour simple moving average. In the near term future, the currency exchange rate was expected to be pushed up by the SMA into another test of the 1.3860 mark. Economic Calendar On Thursday, at
The EUR/USD failed to pass the resistance of the weekly R1 simple pivot point, which was located at 1.2140. In the meantime, the rate was approached by the support of the 55-hour simple moving average. The SMA could provide the needed technical support for the rate to pass the pivot points resistance. Economic Calendar Analysis On Thursday, at 13:30 GMT the US weekly
The DUK+/EUR currency exchange rate has remained in the range between 3.5000 and 3.8600. Namely, at first glance the situation has not changed. However, on Wednesday, the rate was reached by the 55-day simple moving average, which could provide technical support. Daily Candle Chart As previously forecast, the 55-day simple moving average has reached the rate. It could provide technical support and
At mid-day on Wednesday, the price for gold reached above the 1,850.00 mark. The surge was possible due to the rate being supported by the 55 and 200-hour simple moving averages, which provided technical support. In the near term future, the commodity price was expected to test the resistance of a 23.60% Fibonacci retracement level at 1,860.00. Economic Calendar Analysis On Thursday,
On Wednesday, the retreat of the USD/JPY found support in the 104.40 level. Afterwards, the rate surged and approached the hourly simple moving averages. If the SMAs provide resistance, the pair could resume its decline and reach for the 104.00 mark. Economic Calendar On Thursday, at 13:30 GMT the US weekly Unemployment Claims will be published. The USD/JPY has recently moved from
The surge of the GBP/USD has continued, as on Wednesday the rate reached above the 1.3850 mark. In the near term future, the surge of the pair was expected to reach the weekly R2 simple pivot point at 1.3879. Economic Calendar On Thursday, at 13:30 GMT the US weekly Unemployment Claims will be published. The GBP/USD has recently moved from 8.7 to
On Wednesday, the EUR/USD was testing the resistance of the weekly R1 simple pivot point at 1.2140. Meanwhile, the rate was being approached by the support of the 55-hour simple moving average, which at mid-day was located near 1.2090. Future forecasts were based upon whether the rate passes the resistance of the pivot point. Economic Calendar Analysis The EUR/USD could move due to
By the middle of Friday's GMT trading hours, the yellow metal continued to recover, as it had reached the 1,810.00 level. In the meantime, it was spotted that the 1,800.00 level can provide both support and resistance. Economic Calendar Analysis The week will end with the US monthly employment data sets at 13:30 GMT. Namely, the US Average Hourly Earnings, Unemployment Rate
Despite passing the 105.50 mark, the USD/JPY did not continue to gain, as the 105.67 level provided resistance and caused a retracement back down. At mid-day on Friday, the rate had recovered and once again tested the 105.67 level. Economic Calendar Next week, the USD/JPY could move due to the US Consumer Price Index data and the US Unemployment Claims. The US Consumer