USD/JPY has been experiencing a sharp drop since the early hours of Friday's European trading session. In the meantime, the Prime Minister of Japan Shinzo Abe has resigned. It indicates that the recent sharp moves are purely fundamental. Economic Calendar The first week of the month is upcoming. It is set to reveal monthly data sets, which are expected to cause notable
On Friday, the GBP/USD traded above the previous high level of 1.3258, which was passed during the morning hours. In the near term future, the rate was set to test the 1.3300 level. What would happen afterwards was by large based upon the strength of the resistance of the 1.3300 level. Economic Calendar The first week of the month is upcoming. It
The EUR/USD has ended its sideways trading, as on Friday morning it was testing the resistance of the 1.1900 level. Future forecasts were based upon what would happen at that level. In the meantime, take into account that the Economic Calendar Analysis has been updated for the next week. Economic Calendar Analysis The first week of the month is upcoming. It is
The squeeze of the yellow metal resulted first in a false breakout down, which was followed by a break out to the upside. Namely, the pair shortly traded below 1,905.00 before starting a surge, which reached above 1,955.00 On Thursday, the price had retreated and found support in the 1,940.00 level. Economic Calendar Analysis On Thursday, the US Preliminary GDP and the US
On Wednesday, the USD/JPY was expected to fall to the 106.10 level. By midnight, the rate had reached the 105.80 level. On Thursday morning, the pair traded between the support of the 200-hour SMA near 105.90 and the resistance of the monthly pivot point at 106.09. Economic Calendar On Thursday, the US Preliminary GDP and the US Unemployment claims are set to
On Wednesday, the GBP/USD reached the targeted weekly R1 simple pivot point at 1.3222. In addition, on Thursday morning, the currency exchange rate started testing the combined resistance of the medium channel down pattern and the pivot point. Future forecasts were based upon what would happen at the resistance levels. Economic Calendar On Thursday, the US Preliminary GDP and the US Unemployment
On Thursday morning, the EUR/USD continued to test the resistance of the weekly simple pivot point at 1.1839 and the 200-hour simple moving average at 1.1848. In the meantime, it was spotted that the support of the 1.1785 level had stopped the rate's Wednesday decline and caused the most recent tests of the mentioned resistance levels. Economic Calendar Analysis On Thursday, the
Since Tuesday's early trading hours, the yellow metal had continued to trade below the resistance of the 55-hour simple moving average. In the meantime, it was spotted on Wednesday that the 1,914.50 level was providing support. In the near term future, due to the mentioned SMA retreating lower, a squeeze was expected. Economic Calendar Analysis On Wednesday, at 12:30 GMT traders should watch
The USD/JPY surge reached the 106.55 level, which was tested two times before a retracement down began. Namely, on Wednesday morning, the currency exchange rate had declined to 106.25 and had no support as low as 106.10. Economic Calendar On Wednesday, at 12:30 GMT traders should watch the release of the US Durable Goods Orders data. The event is capable of causing
As forecast on Tuesday, the GBP/USD has passed the resistance of the technical levels that were located from 1.3110 to 1.3140. However, the breaking of the resistance levels did not result in the expected surge to the weekly R1 simple pivot point at 1.3220, as the 1.3160 level stopped the pair. Economic Calendar On Wednesday, at 12:30 GMT traders should watch the
On Wednesday, the resistance of the weekly simple pivot point at 1.1840 continued to hold. The rate had failed in numerous attempts at passing the resistance In the meantime, it could be spotted that the rate has begun to ignore the resistance and support of the 100-hour simple moving average. Economic Calendar Analysis On Wednesday, at 12:30 GMT traders should watch
The yellow metal's price made an attempt to surge above the 1,960.00 mark, and it failed to pass it. The 1,960.00 level did not only provide psychological round price level resistance, but was also strengthened by the resistance of the 100-hour simple moving average. On Tuesday, the rate had retreated and traded below the 55-hour SMA below 1,940.00. Economic Calendar Analysis As the
The support of the 100-hour SMA held and caused a surge on Monday. By the middle of Tuesday's GMT trading hours, the pair had already almost reached the 106.40 level. Moreover, the rate had no technical resistance as high as the weekly R1 simple pivot point at 106.65. Economic Calendar As the last week of the month, the following week is expected
The GBP/USD trades between the support line of the medium scale channel down pattern and the resistance of hourly SMAs and a weekly simple pivot point. In theory, the rate should eventually pass the resistance levels and surge. Economic Calendar As the last week of the month, the following week is expected to be a quiet one. However, there are events
During Tuesday morning GMT hours, the EUR/USD currency exchange rate surged to start another test of the technical resistance levels near the 1.1840 mark. Basically, the situation had not changed since Monday, as the rate remained in the same range between the support of 1.1785 and the resistance of 1.1840. Economic Calendar Analysis As the last week of the month, the following
Throughout August, the DUK+/EUR currency exchange rate has remained flat, as bulls and bears are at a stalemate. Daily Candle Chart On the technical daily candle chart, the daily simple moving averages are approaching one another, as the rate trades flat. Market Depth Market Depth reveals, where traders have set up buy and sell orders. The up to date data is published
On Monday, the yellow metal continued to trade below the 1,960.00 level. However, it could be spotted that the price could surge, as the bullion began to break the resistance of hourly simple moving averages. Economic Calendar Analysis As the last week of the month, the following week is expected to be a quiet one. However, there are events that should be
The decline of the USD/JPY found support in the 105.45 level and began a recovery, which retested the resistance of the monthly pivot point at 106.09. On Monday, the rate had bounced off the monthly resistance and began a decline. Up to the middle of the day's trading, the pair was finding support in the 100-hour simple moving average. Economic
On Monday, the GBP/USD traded near the 1.3100 level. By the middle of the day's GMT trading hours, the rate was expected to test resistance levels at 1.3140. In the meantime, the currency exchange rate revealed a medium scale channel down pattern. Economic Calendar As the last week of the month, the following week is expected to be a quiet one. However,
On Friday, the 55 and 100-hour SMAs pushed the rate down. The EUR/USD almost reached the 1.1750 before a recovery started. On Monday, the pair started the week by surging and testing a cluster of resistance levels. Economic Calendar Analysis As the last week of the month, the following week is expected to be a quiet one. However, there are events that
Since the FOMC drop on Wednesday, the yellow metal has traded sideways between the 1,930.00 and 1,950.00 levels. However, on Friday, the rate was being approached by the resistance of the hourly simple moving averages, which could end the sideways trading. Economic Calendar Analysis Next week, as the last week of the month, the following week is expected to be a quiet one.
The recovery of the USD/JPY was stopped by the resistance of the 106.20 level and the 200-hour SMA. By Friday morning, the USD/JPY decline had passed various technical levels and reached below the 105.60 level. In theory, in the near term future the rate should retest this week's low levels below 105.20. Economic Calendar Next week, as the last week of the
The GBP/USD recovered to the 1.3250 level. On Friday morning, it was expected that the currency exchange rate would test previous high levels. Namely, the 1.3265 mark should provide resistance to the currency pair. FOMC Meeting Minutes Volatility increased and USD gained strength against all other financial assets, following the FOMC Meeting Minutes release on Wednesday at 18:00 GMT. According to the
After shortly touching the support of the 1.1800 level, the EUR/USD began a recovery, which during early Friday GMT morning hours had reached the resistance of the 55 and 100-hour SMA at 1.1880. The near term forecasts were based upon what would happen at the simple moving averages. FOMC Meeting Minutes The Euro traded sideways against the US Dollar, following the FOMC