After three hours of making the attempt, the yellow metal passed the resistance of the channel down pattern on Wednesday morning. In addition, the rate passed the resistance of the 200-hour simple moving average. Economic Calendar Analysis On Thursday, at 13:30 GMT, expect the weekly US Unemployment Claims. Next week, data releases, which could impact the USD/JPY start on Thursday. At 13:30
The USD/JPY has passed the simple moving averages and the weekly pivot point. By the middle of Wednesday's trading hours, the USD/JPY had almost reached the lower trend line of the triangle pattern. In the meantime, the previously passed simple moving averages were providing resistance near the 103.80 level. Economic Calendar This week, data releases, which could impact the USD/JPY start on
At mid-day on Wednesday, the GBP/USD broke the resistance of the 1.3700 level. However, it did not result in a sudden sharp surge, as the rate was slowed down by the resistance of the weekly R1 simple pivot point at 1.3717. The near term future was based upon whether the weekly R1 provides enough resistance to keep the rate down. Economic
The rate passed the resistance of the 1.2130/1.2140 zone. Afterwards, the pair reached the 1.2160 mark, which provided resistance on Wednesday morning. By the middle of the day's trading hours, the rate had retreated to the 100-hour simple moving average at the 1.2114 level. Economic Calendar Analysis This week, the top event for the EUR/USD is set to occur. On Thursday, at 12:45
On Tuesday morning, the yellow metal's price was fluctuating almost flat near the 55 and 100-hour simple moving averages close by to the 1,840.00 level. Meanwhile, the commodity price has been captured by a channel down pattern, which has guided the metal since January 8. Economic Calendar Analysis On Thursday, at 13:30 GMT, expect the weekly US Unemployment Claims. Next week, data releases,
The resistance of the SMAs failed, as the USD/JPY sharply surged in the first hours of Tuesday's trading. The rate reached above the 104.00 mark and afterwards started to fluctuate sideways. In the meantime, the rate has revealed a symmetrical triangle pattern, which could continue to guide the USD/JPY. Economic Calendar This week, data releases, which could impact the USD/JPY start on
By the middle of Tuesday's GMT trading, the GBP/USD had recovered to the 1.3625 level, where the pair encountered the resistance of the 100-hour simple moving average. In the near term future, it appeared that the pair could get squeezed in between the resistance of the 100-hour SMA and the support of the 55 and 200-hour SMAs. Economic Calendar This week, UK
On Monday, the EUR/USD bounced off the support of the 55-day simple moving average, which strengthened the 1.2050 level. The following recovery reached for the resistance of the zone, which previously provided support. Namely, the December 21 and January 8 low level at 1.2130/1.2140. At mid-day on Tuesday, the near term future was dependant on whether or not the resistance zone
With the exception of one spike up on January 14, the DUK+/EUR currency exchange rate has continued to fluctuate almost flat. Namely, the rate has been trading in the range between the 4.0000 and 4.2500 levels. Meanwhile, the spike had shortly reached above the 4.5000 level. In the meantime, it was spotted that the buy and sell order clusters had not moved.
After plummeting to the 1,805.00 level, the yellow metal's price recovered. On Monday, the metal traded in the range between the 1,830.00 and 1,840.00 level. In the meantime, the commodity price faced the resistance of the 55 and 100-hour simple moving averages. Economic Calendar Analysis On Thursday, at 13:30 GMT, expect the weekly US Unemployment Claims. Next week, data releases, which could impact
The USD/JPY started the week's trading with a bounce off from the resistance of the hourly simple moving averages near 103.80. In the near term future, the rate was expected to be pushed down by the SMAs and test the previous week's low levels. Economic Calendar This week, data releases, which could impact the USD/JPY start on Thursday. At 13:30 GMT,
The GBP/USD did not find support in technical resistance levels above the 1.3600 level. By the middle of Monday's GMT trading hours, the rate had touched the 1.3520 level. In the near term future, the pair was expected to continue to decline after a short consolidation. Economic Calendar This week, UK data releases start on Wednesday at 07:00 GMT. At that time,
As forecast, the EUR/USD was pushed down by the hourly simple moving averages. Moreover, a sharp surge started as soon as the support of the 1.2120 mark was passed. At mid-day on Monday, the currency exchange rate's decline had reached the 1.2060 level. Economic Calendar Analysis This week, the top event for the EUR/USD is set to occur. On Thursday, at 12:45 GMT
Since the middle of Thursday's trading hours, the yellow metal has traded around the 1,850.00 mark. In the meantime, the price was not being impacted by the 55 and 100-hour simple moving averages. In general, the metal was expected to continue to trade sideways until a fundamental event sets a new direction for it. Meanwhile, buy orders dominated the sentiment. Economic
Since the middle of Thursday's European trading hours, the USD/JPY currency exchange rate has been trading between the support of the 200-hour simple moving average and the resistance of the 55-hour simple moving average. Future scenarios were depending on which of the simple moving averages fails. Economic Calendar The week will end with the publication of the US Retail Sales and US
During the late hours of Thursday's trading, the GBP/USD made another failed attempt to pass the resistance of the 1.3700 level. The pair bounced off the resistance and by the middle of Friday's trading the rate passed the support of the 55-hour simple moving average. In the near term future, the rate was expected to look for support in technical
The resistance of the 55 and 100-hour simple moving averages was strong enough to cause a decline of the EUR/USD below the support of the 1.2140 mark. However, the rate found support in the 1.2120 level. At mid-day on Friday, the currency exchange rate was located just above the 1.2120 mark. In the near term future, the SMAs could push the
The yellow metal failed to pass the resistance of the 1,863.00 level. As soon as the price was approached by the 100-hour simple moving average, a decline of the price began, which passed the support of the 55-hour SMA and broke this week's channel up pattern. By the middle of Thursday's trading hours, the rate had found support in the 1,830.00
Since the middle of Wednesday's GMT trading hours, the USD/JPY has traded near the 104.00 level. Namely, the pair has been trading between the 103.80 and 104.20 levels. In the meantime, the pair had been approached by the 55 and 100-hour simple moving averages. Economic Calendar On Thursday, at 13:30 GMT, expect the weekly US Unemployment Claims. Despite the attention this release
The bounce off and decline from the 1.3700 level eventually found support in the 55-hour simple moving average. During the first half of Thursday's trading, the currency exchange rate was being pushed up by the SMA. Meanwhile, it was spotted that the weekly R1 simple pivot point managed to provide the rate with resistance, as it reversed an attempt to
The 55-hour SMA failed to provide support to the EUR/USD on Wednesday, as the rate retreated to the support of the 1.2140 mark. This level has been providing the rate with support since the middle of Monday's European trading hours. In the near term future the support could fail due to the additional resistance of the 100-hour simple moving average, which
On Wednesday, the yellow metal's price tested the resistance of the 1,863.00 level, which has been keeping the price down throughout this week. The test resulted in a decline to the support of the 55-hour SMA, which was expected to push the rate up to once again make an attempt to pass the 1,863.00 mark. Economic Calendar Analysis During the week there
The support of the 55-hour SMA failed to push the rate up. Instead, as the technical support level failed, the rate began a sharp decline, which reached the support levels near 103.50. The rate bounced off the support levels and by the middle of Wednesday's European trading hours, the rate had recovered to the 104.00 level. Economic Calendar During the week, there
The GBP/USD broke the channel down pattern and reached the 1.3700 level. By the middle of Wednesday's GMT trading hours, the rate had bounced off this level's resistance. In theory, the currency pair was expected to reach for the support of the weekly simple pivot point and the 200-hour simple moving average at the 1.3600 level. Economic Calendar During the week there