On Wednesday and Thursday, the EUR/USD pair's recovery was stopped by the resistance of the simple monthly pivot point at 1.1782. Previously, during the week, this pivot point was not making an impact on the rate. In regards to the near term future, the rate was expected to trade sideways between 1.1760 and 1.1780. Economic Calendar Analysis On Thursday, as always, the
Eventually, the yellow metal's price bounced off the resistance of the 1,920.00 level. The event was followed by a decline to the 1,875.00 mark. On Wednesday morning, the commodity price was recovering and approached the 1,900.00 level. Economic Calendar Analysis On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00 GMT. This is a publication of the minutes without a
The USD/JPY broke the resistance of the weekly R1 simple pivot point at 105.77 on Wednesday morning. This resulted in a surge that reached above the 106.00. In the near term future, the rate was set to test the weekly R2 simple pivot point at 106.22. Economic Calendar On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00
The main update in regards to the GBP/USD was the reveal of a channel up pattern, which has guided the rate since the end of September. In the meantime, note that the rate was being impacted by the hourly simple moving averages. Economic Calendar On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00 GMT. This is a publication
Despite initially appearing that the EUR/USD broke the channel up pattern on Wednesday morning, additional research found that the absolute low levels of October 2 need to be used to set the lower trend line of the pattern. Namely, the pattern is wider than previously thought and has held. In the meantime, on Wednesday morning, the rate bounced off the
On Tuesday morning, the yellow metal's price fluctuated between the 1,910.00 and 1,915.00 levels. The rate had surged on Monday after finding support in 1,890.00. In regards to the future, the rate had no technical resistance and could surge. Economic Calendar Analysis On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00 GMT. This is a publication of the minutes
On Tuesday morning, the USD/JPY declined to the combined support of three hourly simple moving averages at the 105.50 mark. Future forecasts were based upon what would happen at this level. Economic Calendar On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00 GMT. This is a publication of the minutes without a rate statement. In the past,
The surge of the GBP/USD encountered the resistance of the 1.3000 level. On Tuesday morning, the rate bounced off this level and retreated to 1.2960. In the near term future, the pair was expected to be approached by the additional support of the 55 and 100-hour simple moving averages, which could cause a surge. Economic Calendar On Wednesday, note that some calendars
Since the second part of Monday's European trading hours, the EUR/USD has respected the recently discovered channel up pattern. Namely, the pattern's upper trend line kept the rate down. Moreover, on Tuesday morning, it appeared that the rate was beginning a decline, which could reach 1.1750. Economic Calendar Analysis On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00
Last week, the DUK+/EUR currency exchange rate jumped, as it shortly touched the 1.9500 level. However, by the end of the week, the pair had retreated back to trading at the 1.6500 mark. In the meantime, on Monday, it was spotted that there are no close by significant buy order clusters. Daily Candle Chart On the daily candle chart, the rate appears
The metal's surge was stopped by the resistance of the 1,915.00 level on Friday. Since then, the metal's price has been declining. By the middle of Monday's European trading hours, the commodity price had reached below the 1,900.00 mark. Economic Calendar Analysis During the week, pay attention to the economic data releases already on Monday. On Monday, at 14:00 GMT the Institute of
During Monday's first half of European trading hours, the USD/JPY continued to recover. By the middle of the day, the rate had reached back up above the 105.60 level. In the near term future, the rate was expected to be pushed up by the support of hourly simple moving averages. Economic Calendar Pay attention to the economic data releases already on Monday.
On Monday, the GBP/USD currency exchange rate traded in the 1.2900 and 1.2960 range. In the meantime, the pair was being approached by the additional support of the 55 and 100-hour simple moving averages. In the near term future, the rate was expected to surge, as it had no technical resistance as high as 1.3030. Economic Calendar Pay attention to the economic
On Monday, the EUR/USD currency exchange rate passed the resistance of the 55 and 100-hour simple moving averages. The rate had no technical resistance as high as the 1.1780/1.1790 zone. Due to that reason it was expected to surge. Economic Calendar Analysis During the week, pay attention to the economic data releases already on Monday. On Monday, at 14:00 GMT the
On Friday morning, the yellow metal recovered, as a run to safety was caused by the US President Donald Trump stating that he had tested positive for the coronavirus. In the meantime, it was spotted that round price levels still impacted the price. Economic Calendar Analysis The week will end with a monthly data release. The US Average Hourly Earnings, Non-Farm Employment Change
The USD/JPY plummeted on Friday morning, as a run to safety was caused by the announcement of the US President Donald Trump that he and his wife had contracted the coronavirus. The rate's sharp drop stopped at the 105.00 level and afterwards began a consolidation in the 105.00/105.20 range. Economic Calendar The week will end with a monthly data release. The US
The GBP/USD is breaking patterns and trading with high volatility. Swings of 100 pips down and up are normal. The reason for the moves are Brexit negotiation news. Namely, the EU and UK have failed to negotiate a trade deal and a hard Brexit scenario is once again highly likely. Economic Calendar The week will end with a monthly data release.
On Friday morning, the EUR/USD currency exchange rate remained near previous levels, as it fluctuated in the 1.1720/1.1740 range. In the meantime, note that the support of the 55 and 100-hour simple moving averages had failed to push the rate up. Economic Calendar Analysis The week will end with a monthly data release. The US Average Hourly Earnings, Non-Farm Employment Change and
The yellow's metal price has continued to trade below the 1,900.00 level. The price has made five failed attempts to pass the resistance of the 1,900.00 mark. In the meantime, the rate was approached by the support of the 55-hour simple moving average. Economic Calendar Analysis On Thursday, as always the US Unemployment Claims at 12:30 GMT might cause a minor move. The week
A larger review of the pair's hourly chart was conducted on Thursday morning. It was spotted that the rate had been trading in a channel up pattern since September 23. In the meantime, note that the 100-hour SMA failed to continue to push the rate up. Economic Calendar On Thursday, as always the US Unemployment Claims at 12:30 GMT might cause a
On Thursday morning, the GBP/USD currency exchange rate plummeted, as it was announced that the EU and UK trade negotiators had failed to make a deal. At 09:00 GMT, the currency exchange rate was heading to the combined support of the 200-hour SMA and a weekly simple pivot point at 1.2800. Economic Calendar On Thursday, as always the US Unemployment Claims at
On Thursday, the EUR/USD currency exchange rate still traded near the 1.1740 level. In the meantime, it was spotted that the rate was being supported by the 55-hour simple moving average, which was pushing the rate up. Economic Calendar Analysis On Thursday, as always the US Unemployment Claims at 12:30 GMT might cause a minor move of around ten pips. The week
At the end of Tuesday's trading, the yellow metal's price bounced off the resistance of the 1,900.00 level, which was strengthened by the 200-hour simple moving average. On Wednesday morning, the rate was declining and was expected to soon reach the support of the 55-hour simple moving average at 1,880.00. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change
The USD/JPY passed the support of the channel up pattern on Tuesday. However, the rate did not decline far, as it found support in the 100-hour simple moving average near 105.50. In theory, the rate could surge and make another attempt to pass the resistance of the 105.80 level. Economic Calendar On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data