On Wednesday morning, the GBP/USD currency exchange rate traded between the support of the 200-hour simple moving average and the resistance of the 55-hour SMA. In the near term future, the rate was expected to be approached by the 100-hour simple moving average. Economic Calendar On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could cause a move. For
The EUR/USD managed to pass the resistance of the 1.1680 level and afterwards the 1.1700 mark. On Wednesday morning, the currency exchange rate traded in limbo near the 1.1740 level. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could cause a move. For example, the EUR/USD has moved from 5.5 to 24.8 pips on the
The 1,850.00 held on Monday and caused a surge. By the middle of Tuesday's GMT trading hours, the surge had reached the 1,885.00 level. In the meantime, the 1,900.00 level was strengthened by the 200-hour simple moving average. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could cause a move. On the same day, at 12:30
On Tuesday morning, the USD/JPY currency exchange rate tested the resistance of the 105.70 level. The rate was expected to pass this resistance, as the support of the 100-hour simple moving average had proven that it has the required strength to push the pair up. Economic Calendar On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could cause
The GBP/USD broke the resistance levels at 1.2800 and at 1.2835. Namely, the rate reached the 1.2925 level on Monday. However, after touching the high level, the rate retraced back down. On Tuesday, the rate was consolidating by trading with 50 pip volatility above the support of 1.2835 level. Economic Calendar The week will start with a long forgotten data release. The
The resistance of the 55 and 100-hour simple moving averages failed to push the EUR/USD down. Instead, the rate surged to once again test the resistance of the 1.1680 level. By the middle of Tuesday's GMT trading hours, the rate had made three attempts to pass the 1.1680 mark. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change
After trading with high volatility, the DUK+/EUR currency exchange rate began a slow paced surge, which reached the 1.6600 level. In the meantime, by large the situation remained unchanged, as buy and sell orders dictated the rules. Daily Candle Chart On the daily candle chart the pair has left below it the daily simple moving averages. Namely, the 55 and 100-day SMAs
The price of gold has continued to trade in the range between the 1,850.00 and 1,875.00 levels. The approaching of the resistance of the hourly simple moving averages had not changed the situation, as the price continued to fluctuate sideways. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could cause a move. On the same
On Monday morning, the USD/JPY rate declined and began to trade between the support of the 100-hour SMA and the resistance of the 55-hour simple moving average. In the near term future, a squeeze between the pivot points was expected to cause a surge to the 106.00 level. Economic Calendar On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release
Since the early GMT trading hours of Friday, the GBP/USD has been fluctuating between the support of the 1.2700 level and the resistance of 1.2800. On Monday morning, the currency exchange rate was testing the resistance of the weekly simple pivot point and the 1.2800 level. Economic Calendar The week will start with a long forgotten data release. The UK quarterly GDP
On Friday, the EUR/USD currency exchange rate bounced off the resistance of the 1.1680 level. Afterwards, a decline to the 1.1620 level occurred. On Monday morning, the rate was consolidating, as it traded sideways between the support of the 1.1620 level and the resistance of 1.1640. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could
On Friday, the yellow metal tested the resistance of the 1,875.00 level. In the meantime, the bullion had managed to pass the resistance of the 55-hour simple moving average. In the near term future, the rate was expected to finish trading sideways and resume its decline. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP Non-Farm Employment Change data release could cause
By the middle of Friday's GMT trading hours, the USD/JPY remained below the resistance of the 105.50 level. Moreover, the approach of the 55-hour simple moving average did not cause a surge of the pair. In the near term future, the currency exchange rate was expected to remain below the 105.50 mark. Economic Calendar On Wednesday, at 12:15 GMT the ADP
The 55-hour SMA failed to continue to push the GBP/USD down. Late on Thursday, the resistance level was passed. Moreover, on Friday, the currency exchange rate reached the resistance of the weekly S1 simple pivot point at 1.2797. Economic Calendar The week will start with a long forgotten data release. The UK quarterly GDP is scheduled to be published on
Late on Thursday, the EUR/USD found support in the 1.1640 level and began a surge. On Friday morning, the rate passed the resistance of the 55-hour SMA, which had pushed the rate down for the whole week. In the near term future, the recovery of the EUR/USD could reach the 1.1700 level. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP
The drop of the yellow metal's price continued on Thursday, as the bullion reached the support of the 1,850.00 level. In the near term future, the rate was expected to finish trading sideways and resume its decline. Economic Calendar Analysis The week will end with a possible minor move from the US Durable Goods Orders at 12:30 GMT. Click on the link below to
On Thursday, the USD/JPY traded in limbo around the 105.40 level. The pair was kept there by the resistance of the 105.50 mark. The rate was expected to continue to trade sideways until it would be approached by the support of the 55-hour simple moving average. Economic Calendar The week will end with a possible minor move from the US Durable Goods
On Wednesday, the GBP/USD currency exchange rate recovered, as better than expected Purchasing Managers Index results were published. The recovery eventually reached the resistance of the 55-hour simple moving average, which kept the rate down. On Thursday morning, the pair traded between the support of the 1.2700 level and the 55-hour SMA at 1.2745. Economic Calendar On Thursday, as accustomed, at 12:30
The decline of the EUR/USD currency exchange rate has continued, as on Thursday morning the pair traded near the 1.1650 mark. Moreover, the rate had no technical support as low as the 1.1600 level, which was strengthened by two simple pivot points. Economic Calendar Analysis On Thursday, as accustomed, at 12:30 GMT, the US weekly Unemployment Claims could cause a move. The
Throughout Tuesday, the 1,900.00 level was providing the yellow metal with support. During the morning hours of Wednesday's GMT trading, the price dropped below the 1,900.00 level. In the near term future, it appeared that the price would decline, as it has finished consolidating by trading sideways. Economic Calendar Analysis On Wednesday, at 13:45 the US PMIs will be released. On Thursday, as accustomed,
The rate broke out of the recent squeeze to the upside. By the middle of Wednesday's GMT trading hours, the pair had reached and tested the resistance of the 200-hour simple moving average at 105.20 level. Future forecasts were based upon whether the 200-hour SMA manages to keep the USD/JPY rate down. Economic Calendar Throughout the whole day the Markit institute is
On Wednesday morning, the GBP/USD was piercing one by one the technical support levels of the cluster of levels that was spread out from 1.2700 to 1.2675. As the rate continued to be beat down by the weakness of the GBP caused by an increase of coronavirus measures, the rate was expected to reach even lower levels. Economic Calendar Wednesday is a
As forecast, the EUR/USD reached the 1.1700 level. Moreover, after trading sideways throughout the second half of Tuesday, at midnight GMT, the rate dropped to the 1.1680 level, which provided support. In the near term future, the rate was expected to consolidate until the hourly simple moving averages catch up and push the pair down. Economic Calendar Analysis Wednesday is a major
As expected, the yellow metal's price continued its decline on Monday. However, the bullion passed all expectations, as it tumbled down to trade below the 1,890.00 level. On Tuesday, the bullion was trading above the 1,900.00 mark. Economic Calendar Analysis Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services