For a third consecutive trading session, the yellow metal has trade sideways. However, on Friday, the sideways trading had advances higher by five USD. Economic Calendar Analysis Next week, on Tuesday, the price could be impacted by the 15:00 GMT publication of the US ISM Manufacturing PMI. On Wednesday and Thursday, the markets are unlikely going to be impacted by macroeconomic data releases.
On Friday, the USD/JPY currency exchange rate retreated to trade below the technical levels that surrounded the 104.20 level. In the near term future, the rate was expected to continue to decline, as it had no support as low as 103.70. Economic Calendar Next week, on Tuesday, the currency exchange rate could be impacted by the 15:00 GMT publication of the US
The resistance of the 1.3380/1.3400 level caused another drop. This time, the rate passed the support of the 55 and 100-hour SMAs, a pivot point and broke out of the ascending triangle pattern. In the near term future, the rate was expected to test the support of the 1.3320 level and the 200-hour simple moving average. Economic Calendar Next week, on Tuesday,
On Friday, the EUR/USD was being pushed up by the 55-hour SMA into the resistance of the weekly R2 simple pivot point. Future forecasts were based upon whether the SMA manages to push the rate above the pivot point. Economic Calendar Analysis Next week, on Tuesday, the EUR/USD currency exchange rate could be impacted by the 15:00 GMT publication of the US
The yellow metal's price has continued to trade sideways. Meanwhile, the 55-hour SMA had approached and failed to push the metal down. Economic Calendar Analysis There are no more notable events scheduled for this week. However, one can research the events that already occurred. In the meantime, note that the next week's event analysis is bound to be published in the Fundamental Analysis
The 55-hour SMA failed to push the USD/JPY up. Instead, the SMA's support was passed. Moreover, the SMA began to provide resistance to the rate's attempted recovery. By the middle of Thursday's European trading hours, the rate had retreated to a technical support cluster that was located at 104.20/25. Economic Calendar There are no more notable events scheduled for this week. However,
The 100-hour simple moving average once again caused a surge of the GBP/USD, which again tested the resistance of the 1.3380/1.3400 zone. The resistance held and by the middle of Thursday's European trading hours, the rate had once again retreated to the 100-hour SMA. Near term future forecasts were based upon whether the 100-hour manages to cause another surge. Economic Calendar There
On Thursday morning, the EUR/USD reached the resistance of the 1.1940 level, which caused a decline of the currency exchange rate. By the middle of Thursday's trading hours, the currency pair was approaching the support levels that were located near the 1.1900 level. Economic Calendar Analysis There are no more notable events scheduled for this week. However, one can research the events
The 1,800.00 level has held. Moreover, the metal's price has not properly tested its support. Instead, the bullion's price has been fluctuating sideways between the 1,800.00 and 1,815.00 levels. Economic Calendar Analysis On Wednesday, at 12:30 GMT, the usual US weekly Unemployment Claims are set to grab the attention of the financial media despite the event not moving the markets. At the
On Wednesday morning, the USD/JPY continued the decline that was started on Tuesday. By the middle of the day's European trading hours, the currency exchange rate had reached the technical support of the 55-hour simple moving average. In regards to the near term future, the pair's direction depends on whether the 55-hour SMA manages to push the rate up. Economic Calendar On
The 100-hour simple moving average provided the GBP/USD with enough support for the rate to return to the resistance of the 1.3380 level. On Wednesday morning, the pair bounced off this level. By the middle of the day's GMT trading hours, the rate had reached below technical support levels near the 1.3340 mark. Economic Calendar At 12:30 GMT the usual US weekly
The surge of the EUR/USD managed to once again pass the resistances located from 1.1890 to 1.1900. On Wednesday morning, the rate managed to touch the 1.1930 level. In regards to the near term future, the rate was expected to test the resistance of the weekly R2 simple pivot point at 1.1936. Economic Calendar Analysis At 12:30 GMT the usual US
The decline of the yellow metal continued after consolidating by trading sideways. At the start of US trading hours, the commodity price had almost reached the 1,800.00 level, which was expected to provide psychological support. Economic Calendar Analysis On Wednesday, at 12:30 GMT, the usual US weekly Unemployment Claims are set to grab the attention of the financial media despite the event
The USD/JPY consolidated on Tuesday morning by retracing to the 104.20 level. This level provided support, which caused a surge. By the start of US trading hours, the currency exchange rate had reached above the 104.70 mark. Economic Calendar Another day to watch the Economic calendars will be Wednesday. At 12:30 GMT the usual US weekly Unemployment Claims are set to grab
The announcement of a new coronavirus vaccine occurred, as the rate reached the 1.3400 level. The event caused a surge of the USD, which means that the GBP/USD rate declined. The decline stopped near the 1.3265 level. By the middle of Tuesday's GMT trading hours, the rate had managed to recover to the 1.3380 level, which provided resistance and
On Monday, a sudden surge of the USD occurred, which was attributed to the announcement of a new coronavirus vaccine. As a result, the EUR/USD currency exchange rate plummeted to the 1.1800 level. By the start of the US trading on Tuesday, the rate had recovered and had once again tested the previously broken resistance zone near 1.1890 and
Last week, the DUK+/EUR currency exchange rate ended sideways trading and reached the large sell order cluster at the 1.8900 level. This week, there were still sell orders present near this level. However, their number was a lot smaller, which indicated that more gains are possible. Daily Candle Chart On the daily candle chart, the surge can be explained by using
Gold traded sideways until AstraZeneca announced that another coronavirus vaccine is ready. This caused a drop of the yellow metal's price. Namely, it plummeted to the 1,835.00 level. Economic Calendar Analysis On Wednesday, at 12:30 GMT, the usual US weekly Unemployment Claims are set to grab the attention of the financial media despite the event not moving the markets. At the same
On Monday, the USD/JPY currency exchange rate suddenly surged, as another coronavirus vaccine was announced. This time AstraZeneca stated that its vaccine was around 90% effective. This event caused a surge of the rate, which passed the 104.25 level. During the surge, the resistance of the 55 and 100-hour SMAs together with the weekly pivot point were broken. Economic Calendar On Monday,
By the middle of Friday's European trading hours the GBP/USD currency exchange rate reached the 1.3380 level. In the meantime, it was spotted on the daily candle chart that the rate had broken a large scale channel up pattern. Economic Calendar On Monday, the day is scheduled to end with the US PMIs at 14:45 GMT. Previously, the event did not cause
The EUR/USD started the week by finding support in the 55 and 100-hour SMA and afterwards surging to the resistance zone near 1.1890. By the middle of the day, the zone was passed, as the rate pierced it at 11:00 GMT. In the near term future, the pair was expected to test the combined resistance of the weekly R1 simple
On Friday morning, the yellow metal's price was approached by the resistance of the 55-hour simple moving average. It stopped the commodity price's attempt to recover. Economic Calendar Analysis On Monday, the US PMIs are set to be released at 14:45 GMT. Previously, the event did not cause adjustments in the USD value. However, in the most recent past the situation has
The 104.20 mark, which was reached on Thursday, stopped the USD/JPY recovery. The event was followed by a decline back down to the 103.80 level. Since Thursday's late trading hours, the rate has been trading almost sideways near the mentioned level. Economic Calendar On Monday, the US PMIs are set to be released at 14:45 GMT. Previously, the event did not cause
On Thursday, the 1.3200 level provided the GBP/USD with enough support for the rate to surge above the resistance of the hourly simple moving averages. By the middle of Friday, the rate traded above the 1.3260 level, which was supported by the 55-hour SMA. Economic Calendar On Monday, at 09:30 GMT, the UK Markit PMIs are set to be published and