On Friday morning, the GBP/USD passed the resistance of the 1.3700 mark and the weekly simple pivot point at 1.3694. The rate had shown that it could sure. However, it would face the resistance of previous high levels before reaching the technical resistance of the weekly R1 simple pivot point at 1.3779. Economic Calendar The week will end with the US
The decline of the EUR/USD reached the 1.1953 level before it began a retracement back up. In the near term future, the decline was expected to continue, as the 55-hour simple moving average approaches the pair. A decline of the pair would aim at the weekly S3 simple pivot point at 1.1946. Economic Calendar Analysis The week will end with the US monthly
The support zone of the 1,830.00/1,835.00 levels failed. The rate passed the zone and declined. By the middle of US trading hours, the metal's price had touched the 1,785.00 mark. In the near term future, the metal could look for support in the November low level at 1,765.00. Economic Calendar Analysis The week will end with the US monthly employment data sets
By the middle of Thursday's US trading hours, the USD/JPY had reached the 105.50 level. As expected, the rate was pushed up by the 55- hour simple moving average. Near term future forecasts were based upon whether or not the 105.50 mark provides psychological resistance. Economic Calendar The week will end with the US monthly employment data sets at 13:30 GMT.
On Thursday, technical levels were broken, as the rules were dictated by the Bank of England making a policy statement. In general, no changes in the next six months in the policy, as the bank is not ready to go into zero rates. The event caused a surge of almost 130 base points or 0.95%. Economic Calendar The week will end
The 55-hour simple moving average provided enough technical resistance for the EUR/USD currency exchange rate to decline and pass the support of the weekly S2 simple pivot point and the 1.2000 mark. In the near term future, the rata was expected to continue to decline, as it had no technical support as low as the weekly S3 simple pivot point at
The yellow metal's price reached the support of the 1,835.00 level. Moreover, the 1,830.00 level was shortly touched. These levels held and forced the bullion into a retracement back up to the 1,845.00 mark. However, at mid-day on Wednesday, the rate was once again located at the 1,830.00/1,835.00 support zone. Economic Calendar Analysis On Wednesday, the US ISM Non-Manufacturing PMI could cause
The support of the 55-hour simple moving average has managed to push the USD/JPY through the resistance of the 105.00 level, which was strengthened by a 23.60% Fibonacci retracement level. The near term future depended on whether the SMA continues to push the rate up. Economic Calendar On Wednesday, the US ISM Non-Manufacturing PMI could cause a move from 6.1 to 16.0
On Tuesday, after reaching the 1.3620 level, the GBP/USD recovered. The recovery ended on Wednesday, as the rate reached the resistance of the 55-hour SMA. By the middle of the day's GMT trading hours, the pair had bounced off the SMA and declined. Economic Calendar On Wednesday, the US ISM Non-Manufacturing PMI could cause a move from 11.8 to 38.4 pips. At
On Wednesday, the EUR/USD was finding support in the 1.2010/1.2020 zone. In the meantime, resistance was provided by the 1.2050 mark. In the near term future, the rate was expected to approach the rate and provide additional resistance, which could push the pair down. Economic Calendar Analysis On Wednesday, the US ISM Non-Manufacturing PMI could cause a move from 10.4 to 16.9
The DUK+/EUR currency exchange rate has declined to trade above the 3.5000 mark. It reached this level by gradually declining from trading flat for two weeks near the 4.0000 mark. In the meantime, pending trade orders had changed significantly. Daily Candle Chart The most notable fact to note on the daily candle chart was that the rate was being approached by the
After testing the resistance of the 1,870.00 level throughout Monday, the yellow metal declined on Tuesday. By the middle of the day's European trading hours, the commodity price had reached the 1,840.00 level. In the near term future, the price could reach for the last week's support at 1,835.00. Economic Calendar Analysis On Wednesday, the US ISM Non-Manufacturing PMI could cause a
Since the second half of Monday's European trading hours, the USD/JPY has been testing the resistance of the 105.00 level and the 23.60% Fibonacci retracement level at 105.03. At mid-day on Tuesday, the resistance of these levels was pierced, which signalled that the rate could reach for higher highs. Economic Calendar On Wednesday, the US ISM Non-Manufacturing PMI could cause a move
The combined resistance of the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point have forced the GBP/USD outside the borders of the rising wedge pattern. However, the breaking of the pattern's supporting trend line did not result in a sharp move down. Economic Calendar On Wednesday, the US ISM Non-Manufacturing PMI could cause a move from
On Tuesday, the EUR/USD dropped below the support of the weekly S1 simple pivot point. The move was caused by the publication of the European Union's Preliminary GDP data. The Euro depreciated against the US Dollar, following the EU Prelim Flash GDP data release on Tuesday at 10:00 GMT. The EUR/USD exchange currency rate lost 30 pips or 0.25% after the
The yellow metal increased its volatility on Friday, as the commodity price fluctuated between 1,840.00 and 1,875.00. On Monday, the metal had reduced volatility, as it traded between 1,855.00 and 1,870.00. Economic Calendar Analysis On Monday, the US ISM Manufacturing PMI at 15:00 GMT could cause a move. On Wednesday, the US ISM Non-Manufacturing PMI could cause a move. Thursday will bring
On Monday, the USD/JPY was approaching the resistance of the 105.00 level, which was expected to provide resistance. The 105.00 level could provide psychological resistance and the 23.60% Fibo at 105.03 strengthens it. Economic Calendar On Monday, the US ISM Manufacturing PMI at 15:00 GMT could cause a move. The USD/JPY has moved from 5.5 to 27.7 base points on the
The GBP/USD has continued to respect the resistance zone of the 1.3740/1.3760 levels. On Monday, the rate had retreated from the resistance zone and approached the lower trend line of the rising wedge pattern. The near term future was dependant on whether or not the trend line holds. Economic Calendar On Monday, the US ISM Manufacturing PMI at 15:00 GMT could cause
After bouncing off the resistance of the 1.2150 level on Friday, the EUR/USD began a decline. By the middle of Monday's trading, the decline had found support in the weekly S1 simple pivot point at 1.2070. The near term future scenarios depended on whether or not the pivot point managed to hold. Economic Calendar Analysis On Monday, the US ISM Manufacturing PMI at
After trading with high volatility between 1,835.00 and 1,865.00, at mid-day on Friday the yellow metal's price was located just below the 1,865.00 level. In the meantime, take into account that the whole zone from 1,864.40 to 1,868.40 was providing resistance. Economic Calendar Analysis Next week, on Monday, the US ISM Manufacturing PMI at 15:00 GMT could cause a move. On
At mid-day on Friday the USD/JPY currency exchange rate was testing the resistance of the weekly R3 simple pivot point at 104.94. In the meantime, it was spotted throughout the week that the USD/JPY respected as resistances and support levels the simple weekly pivot points. In the meantime, note that the 105.00 level could provide psychological resistance and the 23.60%
The GBP/USD bounced off the support of the rising wedge pattern and surged to the 1.3745 level. The rate bounced off the resistance of this level and declined. By the middle of Friday's GMT trading hours, he rate had almost declined back to the support line. Economic Calendar Next week, on Monday, the US ISM Manufacturing PMI at 15:00 GMT
On Thursday afternoon, the EUR/USD currency exchange rate began to test the resistance levels that were located from 1.2125 to 1.2140. At mid-day on Friday, the rate was making its third attempt to pass these levels. The near term future depended on whether or not the pair passes the resistance of the 1.2140 mark. Economic Calendar Analysis Next week, on Monday, the
At mid-day on Thursday, the price for gold jumped and passed the resistance of the hourly simple moving averages. In the near term future, the price was expected to continue to surge and test previous high levels. Economic Calendar Analysis On Thursday, January 28, the US Advance GDP data is set to be released at 13:30 GMT. Also, the US Unemployment Claims