The rate failed to pass the resistance of the 1.3450 level on Monday. This resulted in a decline to the support of the weekly simple pivot point at 1.3283, which caused a surge on Tuesday. By the middle of the day's European trading hours, the surge was heading to the resistance of the 1.3400 mark, weekly R1 pivot point at
The EUR/USD failed to pass the resistance zone of 1.2160/1.2177 on Monday. Moreover, by the middle of Tuesday's trading hours, the currency exchange rate had made three more attempts to pass this zone. In the meantime, it was spotted that the currency exchange rate was supported by the 55, 100 and 200-hour simple moving averages. Economic Calendar Analysis The week in itself
On Monday, the yellow metal was piercing the support of the December low level of 1,825.00. However, the 1,820.00 level provided support that stopped the price from declining. By the start of the US trading hours, the commodity price had retraced back up tot eh 1,835.00 level. Economic Calendar Analysis On Wednesday, the US Retail Sales and US Core Retail Sales could
The USD/JPY has ended trading near the 104.00 level, as on Monday it declined to the 103.60 level. During the decline, the currency exchange rate had passed the support of the weekly S1 simple pivot point at 103.76. In the near term future, the pair was expected to reach for the weekly S2 simple pivot point. However, the 103.50 mark
The GBP/USD started the week with a gap up and a surge. By the middle of the day's European trading hours, the currency exchange rate was testing the combined resistance of a weekly R1 simple pivot point at 1.3431 and the psychological resistance of the 1.3450 mark. In the meantime, news about the UK-EU trade talks continues to impact the
On Friday, the EUR/USD failed at its second attempt to pass the resistance of the 1.2160 level. The resistance held and the pair retreated to the 1.2110 level. This level provided the rate with support and stopped the decline. On Monday, the rate started the week with a surge, as it opened with a gap up and continued with a surge.
The yellow metal continued to trade between the 1,825.00 and 1,850.00 levels, as it had done since late Wednesday. The only new update to the wide sideways trading was that the 55-hour SMA had approached the rate and done nothing. In addition, the price had begun to ignore the 200-hour SMA that provided support on Wednesday and Thursday. Economic Calendar Analysis On Wednesday,
The USD/JPY currency exchange rate appears to be trading on a larger scale, but still sideways. Namely, it has once again passed below the 104.20 level. During the most part of Friday's trading, the rate was located between the 104.00 and 104.20 levels. In regards to the near term future, the rate could be impacted by the technical levels near
On Friday morning, the GBP/USD currency exchange rate plummeted 188 pips or 1.41%. The drop was attributed to the President of the European Commission Ursula von der Leyen announcing to the European Summit that a no-deal Brexit is currently the most likely scenario. In the meantime, UK officials stated that a no-deal Brexit would be a "choppy" road. Moreover, the Governor of
The surge of the EUR/USD managed to pass technical resistance levels and surge to 1.2160. This level provided the currency pair with resistance and stopped the rate's Thursday surge. Moreover, another attempt to pass this level failed on Friday morning. In regards to the near term future, the pair could be pushed up by the support of the 55, 100 and
As previously forecast, the price for gold ended fluctuating sideways. It did so with a decline and fulfilled one of the scenarios outlaid on Wednesday. Namely, the bullion reached the support of the 1,825.00 mark and the 200-hour simple moving average. By the start of Thursday's US trading hours, the commodity price had bounced off the support zone for a second
As expected, the USD/JPY continued to surge after breaking the resistance of the 104.20/104.35 zone. However, prior to reaching new high levels, the rate retraced to the 200-hour SMA. During the middle of European trading hours, the currency exchange rate was trading in limbo around the 104.50 level. Economic Calendar The week is set to end with the US Producers Price Index
On Thursday, the GBP/USD reached the support of the 1.3250 mark, which held the rate up on Monday and caused a surge to the 1.3400 mark. During the second half of Thursday's European trading hours, the rate tested the support of the 1.3250 mark. Future forecasts were based upon whether or not the support holds. Economic Calendar On Thursday, the US CPI
Eventually, the support of the 1.2100 failed on Wednesday, as the rate declined even below the support levels that were located at the 1.2075 mark. The rate's decline ended at the 1.2060 level, which provided enough support for the rate to surge to the 1.2110 mark By the middle of the day's European trading hours, the rate had begun to trade
At mid-day on Wednesday, the support of the 23.60% Fibonacci retracement level and the 55-hour simple moving average failed to keep the price for gold up. By the middle of the day's US trading hours, the commodity had passed below the 100-hour SMA and reached the support of the 1,840.00 mark. The 1,840.00 mark paused the price's decline and even caused
On Wednesday, around 17:00 GMT, the USD/JPY currency exchange rate ended trading sideways, as it passed the resistance of the 104.25/104.35 zone and reached the 104.40 level. This event signalled that the rate could extend its gains. In the meantime, the currency exchange rate had no resistance as high as the 107.75 level. Economic Calendar On Thursday, the US CPI data sets
On Wednesday morning, the GBP/USD currency exchange rate managed to pass the resistance of the hourly simple moving averages and the simple weekly pivot point. By the middle of European trading hours, the currency exchange rate had passed the 1.3450 mark. Economic Calendar There are couple of macroeconomic data releases expected that could move the GBP/USD rate. On Thursday, the US CPI
The support of the 2017 low level at 1.2100 held on Tuesday, and the rate remained above it. Moreover, on Wednesday morning, there was a surge through the resistance of the 55 and 100-hour simple moving averages up to the 1.2150 mark. By the middle of the day's European trading hours, the rate was once again approaching the support of the
After surging above the resistance of the 23.60% Fibonacci retracement level at 1,860.59 on Monday, the yellow metal's price was finding support in the retracement level. Throughout Tuesday's trading hours, the commodity price traded sideways between the mentioned support and the 1,875.00 level. Economic Calendar Analysis There are a couple of events expected that could affect the XAU/USD rate. On Thursday, the US CPI
The passing of the resistance of the hourly simple moving averages and the weekly simple pivot point near the 104.20 level did not result in a surge. It occurred due to the resistance area of the 104.25/104.35 levels, which was spotted and marked on Tuesday. In regards to the near term future, the rate should decline due to the resistance
Since the Monday drop, the GBP/USD currency exchange rate has recovered. However, the recovery has been kept down by the resistance of the 55, 100 and 200-hour simple moving averages in the 1.3380/1.3400 zone. In the near term future the rate could be pushed down by the SMAs. However, note that fundamental EU-UK trade deal news continue to be incoming
The EUR/USD bounced off the resistance of the 1.2160 mark on Monday. It resulted in a decline below the 55 and 100-hour simple moving average. Throughout Tuesday's trading hours, the currency exchange rate fluctuated between the psychological support of the 1.2100 level and the resistance of the 55 and 100-hour simple moving averages. Economic Calendar Analysis There are couple events that could affect
The DUK+/EUR exchange rate has revealed a symmetrical triangle pattern, which can be used for future guidance. Meanwhile, sell orders remain at 2.0000, as the buy orders have been moved up to 1.7700. In addition, the amount of sell orders has decreased. Daily Candle Chart On the daily candle chart, a symmetrical triangle pattern can be observed. It represents how the rate's
The price for gold failed to pass the resistance of the 1,845.00 mark, as the 55-hour SMA did not manage to push the commodity up. On Monday morning, the commodity price declined and found support in the 100-hour simple moving average, which was located just above the 1,825.00 level. Economic Calendar Analysis There are a couple of events expected that could affect the