Since the middle of Wednesday's trading, the USD/JPY has continued to trade sideways around the 110.00 level. However, up to the start of Friday's trading, the rate was finding support in the 200-hour simple moving average. On Friday, the rate shortly traded below the SMA indicating that it might not continue to provide support. Economic Calendar The top day for fundamental
The GBP/USD currency exchange rate managed to pass the resistance of the 1.3800 level. It resulted in a sharp surge, which stopped, as it approached the 1.3850 mark. Afterwards, the GBP consolidated its gains against the US Dollar by retracing down. On Friday morning, the decline found support in the weekly R1 simple pivot point at 1.3826. Economic
On Thursday, the EUR/USD currency exchange rate found support in the weekly R1 simple pivot point at the 1.1837 level. It resulted in a surge. The surge initially respected the upper trend line of a channel up pattern and the weekly R2 simple pivot point's resistance. However, on Friday morning the pair shortly pierced the trend line before returning to trade
The yellow metal has continued to trade in the 1,810.00/1,815.00 zone. However, on Wednesday, a USD drop was caused by the US ADP payrolls. The event created a test of the 1,820.00 price level for gold. The 1,820.00 mark provided resistance and the bullion returned to trade in the previous zone. Economic Calendar Analysis The top day for fundamental event watchers will
As the rate was testing the resistance of the 110.40 level, the US ADP payrolls caused an all-out USD drop. On the USD/JPY charts it resulted in a decline to the support of the 200-hour simple moving average at 109.90. By the start of Thursday's European trading hours, the SMA was still keeping the rate up, as it tested its
The rate surged and passed resistance levels on Wednesday, as the US ADP payrolls caused a decline of the USD. The surge of the GBP/USD was stopped by the 1.3800 level. A follow up decline eventually found support in the 55-hour simple moving average near 1.3765. Economic Calendar The top day for fundamental event watchers will be Friday. On
The release of US ADP payrolls caused an all-out decline of the US Dollar. Due to that reason, the EUR/USD currency exchange rate began a surge. The surge reached the upper trend line of the channel up pattern, which had guided the rate since August 19. On Thursday, the rate had retreated and traded sideways, as previous gains were being consolidated.
On Tuesday, the yellow metal dipped below the support zone of 1,810.00 level. However, the price almost immediately found support in the 100-hour simple moving average near 1,802.00. On Wednesday, the price had recovered and traded sideways around the 1,815.00 level. Economic Calendar Analysis This week, the price could be impacted by the release of the US ISM Manufacturing Purchasing Managers Index
Despite piercing the supporting trend line, the USD/JPY did not decline. The rate found support in the 109.60 level and surged. By the middle of Wednesday's GMT trading hours, the pair had reached the 110.40 level. Economic Calendar This week, the rate could be impacted by the release of the US ISM Manufacturing Purchasing Managers Index release on Wednesday at 14:00
The rate's two attempts to pass the 1.3800 mark failed and a decline followed. On Wednesday morning, the GBP/USD currency exchange rate found support in the lower trend line of the channel up pattern, which has guided the pair since August 19. Economic Calendar This week, the GBP/USD could be impacted by the release of the US ISM Manufacturing
After reaching the 1.1840 level on Tuesday, the EUR/USD began a decline. The decline eventually reached the support of the 1.1800 level before recovering. Meanwhile, take into account that the pair had shortly fluctuated below the 1.1800 mark. Economic Calendar Analysis This week, the EUR/USD could be impacted by the release of the US ISM Manufacturing Purchasing Managers Index release
The yellow metal's price, on Monday, retraced down and found support in the late-August high level zone near 1,805.00/1,810.00. On Tuesday morning, additional support was approaching the bullion. Namely, the 55-hour simple moving average reached above the 1,810.00 level. Economic Calendar Analysis This week, the price could be impacted by the release of the US ISM Manufacturing Purchasing Managers Index release on Wednesday
The USD/JPY ignored the resistance of the 55, 100 and 200-hour simple moving averages in the 109.85/109.95 zone. Moreover, the weekly simple pivot point at 109.85 provided the rate with resistance for only three hours before being passed. However, since the middle of Monday's trading hours, the pair has been respecting the 110.00 mark. Economic Calendar This week, the rate could
The GBP/USD has passed the August high level zone and reached the 1.3800 level. During Tuesday's early London trading hours, the rate had retraced back down and looked for support. Economic Calendar This week, the GBP/USD could be impacted by the release of the US ISM Manufacturing Purchasing Managers Index release on Wednesday at 14:00 GMT. The top day for
The EUR/USD has clearly passed the previous August high level near 1.1800. On Tuesday morning, the currency exchange rate reached the 1.1830 level. After reaching the 1.1830, the pair began to consolidate. Economic Calendar Analysis This week, the EUR/USD could be impacted by the release of the US ISM Manufacturing Purchasing Managers Index release on Wednesday at 14:00 GMT. The top
Since August 23, the DUK+/EUR exchange rate has been fluctuating mostly above the 2.0000 mark. However, the 2.0000 does not provide support, as the rate quite often retreats to trade as low as 1.9500. Meanwhile, various sized clusters of buy and sell orders had appeared close by to the pair. The clusters of sell and buy orders need to be watched
On Friday, the price for gold jumped, as it passed the 1,800.00 level and other round price levels. The surge ended when the price made an attempt to pass the resistance of the 1,820.00 mark. After shortly trading above the 1,820.00 level, the rate retreated to trade below it. Economic Calendar Analysis This week, the price could be
After making attempts to pass the August high levels near 110.20, the USD/JPY currency exchange rate retreated on Friday. On Monday, the rate traded below the resistance of three hourly simple moving average and the weekly simple pivot point at 109.86. Economic Calendar This week, the rate could be impacted by the release of the US ISM Manufacturing Purchasing
On Monday morning, the GBP/USD currency exchange rate was testing the resistance of the August high level and the 1.3780 mark. In the meantime, the most close by technical support levels were located near the 1.3735 level. Economic Calendar This week, the GBP/USD could be impacted by the release of the US ISM Manufacturing Purchasing Managers Index release on
On Monday morning, the EUR/USD currency exchange rate pierced the August high level near the 1.1800 mark. However, by the middle of the day's European trading the event was not followed up by a surge. Economic Calendar Analysis This week, the EUR/USD could be impacted by the release of the US ISM Manufacturing Purchasing Managers Index release on Wednesday at
On Thursday, the yellow metal's price rose by 110 pips or 0.62%. The commodity breached the 55– and 100– hour simple moving averages during Thursday's trading session. Economic Calendar Analysis XAU/USD short-term forecast All things being equal, the precious metal could continue to trend bullish during the following trading session. The potential target for bulls will be near
The USD/JPY currency pair failed to break the resistance level at 110.20 on Thursday. Economic Calendar USD/JPY short-term review Currently, the exchange rate is trading near a support level formed by the 100– hour simple moving average at 109.89. If the currency exchange rate breaks the support level, a decline towards the weekly pivot point at 109.71 could be
On Thursday, the British Pound fell by 66 pips or 0.48% against the US Dollar. A breakout occurred through the lower boundary of an ascending channel pattern during Thursday's trading session. Economic Calendar GBP/USD short-term review Given that a breakout has occurred, sellers are likely to continue to pressure the exchange rate lower during the following trading session. The potential
On Thursday, the common European currency fell by 30 pips or 0.25% against the US Dollar. The decline was stopped by the 100– hour simple moving average during Thursday's trading session. Economic Calendar Analysis EUR/USD hourly chart's review If the exchange rate breaks the 100– hour SMA support line at 1.1746, a decline towards the 61.80% Fibonacci retracement level at 1.1723