On Friday morning, the EUR/USD passed below technical support levels near 1.0800. The pair was expected to continue to decline, as it had no other technical support. Meanwhile, it appears that despite massive bad US data is being released, the US Dollar is not losing value. US Unemployment Claims The Euro depreciated against the US Dollar, following the US Unemployment Claims data
Since Wednesday morning, the yellow metal's price had been fluctuating between the 1,575 and 1,600.00 level, as the 1,600.00 kept providing resistance. In addition, by the middle of Thursday's GMT trading hours, the commodity price had additional resistance, which was provided by the 55 and 200-hour simple moving averages. Economic Calendar Analysis During this week, data can be ignored, as the fundamental background
Since the middle of Wednesday's GMT trading hours, the USD/JPY has traded almost sideways. However, the pair had begun to trade below the 107.50 mark. In the meantime, it could be spotted that the rate is being supported by the 107.00 level. In regards, to the near term future, the rate was expected to trade between 107.00 and 107.50 until
Since the middle of Wednesday's GMT trading hours, the GBP/USD currency exchange rate has trade sideways near the 1.2400 level. By the middle of Thursday's trading, the rate was approached by the support of the 55 and 100-hour simple moving averages, which, in theory, should push the pair up. Economic Calendar This week, data can be ignored, as the fundamental
Previously, on Wednesday, the US reached the support of the 200-hour simple moving average above the 1.0900 mark. On Thursday, the EUR/USD was being pushed up by the 200-hour SMA and was about to face the resistance of the 55-hour SMA and the weekly simple pivot point at 1.0977. Economic Calendar Analysis This week, data can be ignored, as the fundamental
As forecast, gold reached the support of the 200-hour simple moving average, as soon as the 1,600.00 level's support failed and was confirmed as resistance. On Wednesday, the pair found support in the 200-hour SMA, 1,570.00 level and the new monthly simple pivot point at 1,577.89. Economic Calendar Analysis During this week, data can be ignored, as the fundamental background has changed due
The USD/JPY did not reach the cluster of resistance levels that was located above 109.00. Instead the rate bounced off the 108.75 level and declined to the 107.50 mark. By the middle of the day's GMT trading hours, the rate was expected to head for a strong cluster of technical resistance levels that was spread from 109.10 to 109.34. Economic Calendar During
On Tuesday, the GBP/USD fulfilled one of the previously described scenarios, as it broke the resistance of the 55-hour simple moving average and reached for the resistance of the 1.2450 level. Afterwards, the rate bounced off this level. On Wednesday, the rate had declined to the support of the new simple monthly pivot point at 1.2345. In addition, the
On Tuesday, the EUR/USD did not drop to the 200-hour SMA. Instead, it found support in the round level of 1.0950. Afterwards, the pair surged up to the resistance of the 55 and 100-hour simple moving averages. On Wednesday morning, the pair had bounced off the SMAs and was heading down to once again test the support of the 1.0950
On Tuesday, the yellow metal declined to the 1,600.00 level. By reaching that level the commodity price passed the support of the monthly pivot point and the 55 and 100-hour simple moving averages. In general, if the support of the 1,600.00 would fail, the pair could drop as low as the 200-hour simple moving average near 1,572.00. Economic Calendar Analysis During this week,
On Tuesday, the USD/JPY started trading with the passing of the resistance of a simple moving average, which afterwards started to support the currency exchange rate. By the middle of the day's GMT trading hours, the rate was expected to head for a strong cluster of technical resistance levels that was spread from 109.10 to 109.34. Economic Calendar During the week, historical
On Tuesday, the currency exchange rate traded between the support of the 1.2300 level and the resistance of the 55-hour SMA, which was moving up near the 1.2360 mark. The rate had two possible near term future scenarios, as it could both pass the mentioned support and break the resistance of the simple moving average. Economic Calendar This week, data
The EUR/USD has continued its decline, as by the middle of Tuesday's GMT trading hours, the currency exchange rate had declined below two SMAs and two pivot points. In regards to the near term future, the rate had no technical support as low as the 1.0877 level. Economic Calendar Analysis This week, data can be ignored, as the fundamental background created by
DUK+/EUR has ended sideways trading and squeeze by breaking out downwards. On Sunday, March 29, the exchange rate plummeted down to the 1.4500 level. Moreover, the pair had no support as low as the 200-day SMA at the 1.3650 level. In theory, this exchange level could be reached in the near term future. Daily Candle Chart On the daily candle chart,
The 1,640.00 price level continues to hold, as the yellow metal trades sideways between the 1,640.00 and support levels near 1,620.00. On Monday, the rate was approached by the additional technical support of the 100-hour SMA. In theory, the simple moving average should push the commodity price up. Economic Calendar Analysis During this week, data can be ignored, as the fundamental background has
The decline of the USD/JPY reached below the 107.50 level on Monday morning. Afterwards, a recovery began, which was expected to end during the second part of Monday's GMT trading hours. Namely, the rate was about to face the resistance of a channel down pattern and the 55-hour simple moving average. Economic Calendar During week, data can be ignored, as the fundamental
As expected on Friday, the GBP/USD passed the resistance of the 1.2300 level. Moreover, on Friday, the rate approached the resistance of the 1.2500 mark. On Monday, the rate had retreated, as it consolidated its previous gains. Economic Calendar This week, data can be ignored, as the fundamental background is changed in a way that historical data does not matter. However,
On Monday, the EUR/USD was declining in the aftermath of testing the 1.1150 level. By the middle of the day's GMT trading hours, the rate was set to reach the support of the 1.1050 mark. Meanwhile, the 55-hour simple moving average was approaching the 1.1050 mark. Last week, the SMA caused a surge of the rate to the 1.1150 level. Economic
As expected, the yellow metal did another test of the resistance of the 1,640.00 level. The price failed to surge higher and retreated to the support of the 55-hour simple moving average near the 1,620.00 level. Afterwards, the rate started fluctuating almost flat just above the SMA. Economic Calendar Analysis Next week, data can be ignored, as the fundamental background is so much
The USD/JPY declined even more than expected during the last 24 hours. Moreover, it continues to plummet, as, at the time of writing, the rate was heading to the 108.00 level. Moreover, the pair had no technical support levels close by that could stop the decline. Economic Calendar Next week, data can be ignored, as the fundamental background is so much
On Friday, the GBP/USD was testing the resistance of the 1.2300 level while being supported by the 1.2150. Meanwhile, the rate ignored pivot points, as round price levels were impacting the currency exchange rate. In regards to the future, the rate was expected to surge, as soon as the 55-hour simple moving average catches up with the GBP/USD. UK
As laid out in the main forecast on Thursday, on Friday the EUR/USD reached the targeted 1.1080 level. At that level the pair met with the resistance of a pivot point, which caused a decline. By the middle of Friday's GMT trading hours, the rate had stopped above the 1.1000 level's support. US Weekly Unemployment claims On Thursday, the weekly US unemployment
After testing the support of the 1,600.00 level for four times since Wednesday morning, the yellow metal began to surge on Thursday. It occurred, as the commodity price got approached by the 55-hour simple moving average. In regards to the near term future, another test of the 1,640.00 level was expected. Economic Calendar Analysis The macroeconomic data release week will end with the
The 111.50 level held after five attempts to break it. The USD/JPY has plummeted, as it passed all of the support levels from 110.80 to 111.30. By the middle of Thursday's GMT trading hours, the currency exchange rate was about to approach support levels that were located from 109.18 to 109.38. Economic Calendar The week will end with the US Final GDP