After the initial surge, on Monday the price for gold fluctuated between the 2,010.00 and 2,015.00 levels. On Tuesday, the price firmly fluctuated around the 2,015.00 mark. A proper move above 2,015.00 might encounter resistance in other round price levels. In the meantime, any sharp surge is set to be slowed down by the upper trend line of the channel
The USD/JPY currency pair has passed below the support of the 50, 100 and 200-hour simple moving averages, and the combination of the weekly simple pivot point at 148.84 and the support range at 148.55/148.75. On Tuesday morning, the pair found support in the 148.00 mark and confirmed the 148.55/148.75 range as resistance. In the near term future, it is
The GBP/USD currency exchange rate has continued to benefit from the broader weakness of the US Dollar. Most recently, the pair managed to reach above the 1.2600 mark. On Monday the 1.2600 mark was confirmed as support. On Tuesday, the rate was approached by the additional support of the 50-hour simple moving average. A potential surge is expected to encounter
On Monday, the EUR/USD currency exchange rate approached the November high level zone at 1.0950/1.0965. By mid-Tuesday, situation had not changed, the rate remained below this level and was testing its resistance. A breaking of the resistance zone could result in the pair testing the resistance of the weekly R1 simple pivot point at 1.0982. Higher above, take into account
The support of the 100-hour simple moving average held on and eventually forced the price for gold to surge. The surge managed to finally break the resistance of the 2,005.00 level. During the first half of Monday's trading the surge struggled to reach above the 2,015.00 level that has turned out to be resistance. A move above 2,015.00 might encounter
The USD/JPY has continued to try and move above the 149.65/149.75 range. On Monday, the pair once again failed. However, this time the failure resulted in a decline. The rate move to the 148.55/148.75 range, which provided support. By mid-Monday, the pair had started a recovery that was approaching the 149.50 level and the 50 and 200-hour simple moving
The GBP/USD currency exchange rate has continued to benefit from the broader weakness of the US Dollar. Most recently, the pair managed to reach above the 1.2600 mark. The rate could confirm the 1.2600 level as support and start a surge. A potential surge is expected to encounter resistance in the weekly R1 simple pivot point at 1.2663, before the
The EUR/USD currency exchange rate has approached the November high level zone at 1.0950/1.0965. A breaking of the resistance zone could result in the pair testing the resistance of the weekly R1 simple pivot point at 1.0982. Higher above, take into account that the 1.1000 mark could provide resistance, before the weekly R2 at 1.1030 would be reached. However, a potential
Since mid-Tuesday, the price for gold has been kept up by the 100-hour simple moving average. Moreover, support was found in the 1,990.00 mark. As the price fluctuated sideways, it is set to reach the lower trend line of the channel up pattern. The price needs to pass this week's high levels near 2,005.00 to move higher. A surge above
In general, the USD/JPY still remains near 149.50. However, the pair has been reached by the 50 and 200-hour simple moving average. In general, the rate is squeezed in, which indicates taht a sharp move up or down is set to follow. A move above 149.50 could be slowed down by the 150.00 mark. Higher above, note the the weekly
After the UK PMI caused jump, the GBP/USD consolidated and traded near 1.2530. However, on Friday morning, the pair started to surge, as by mid-day the weekly R1 to simple pivot point's resistance was being tested at 1.2575. In the case of the Pound surging against the US Dollar above the weekly R1 at 1.2575, the rate could be slowed
Due to the US holidays the markets are closed in the United States, which has reduced volatility. In general, it has resulted in the EUR/USD remaining near the 1.0900 mark. A resumption of the previous decline would have to pass below the 50-hour SMA and the 1.0900 mark. Further below, the rate could look for support in the
Gold has retraced back down and found support in the 100-hour simple moving average near the 1,986.00 level. During the first part of Thursday's trading, it was spotted that the price remained below 2,000.00. The metal appeared to be needing additional support to push higher. The support could be provided by the 100-hour SMA moving higher. The price needs to
The USD/JPY booked a new high, before consolidating its gains by a minor retracement back down. Most recently, the pair retraced to the 149.00 mark and confirmed it as support. In general, prior forecasts remain unchanged. An extended move above 149.00 could be slowed down by the 149.50 level, before the 150.00 mark is reached. Higher above, note the descending
The GBP/USD eventually ended sideways trading and declined. However, the sharp decline quickly found support in the 1.2450 level and a recovery started. By mid-Thursday, the pair had even reached above the 1.2550 level, as the 1.2505/1.2510 range acted as support. However, it appears that the sharp move upwards at 09:30 was caused by the publication of better than
The decline of the Euro against the US Dollar eventually encountered support in the form of the 1.0850 level. In addition, it is assumed that some pressure came from the approaching 200-hour simple moving average. The event was followed by a recovery up and above the 1.0900 mark. A resumption of the previous decline could look for support in the
Gold has broken the resistance zone that is located at the 1,995.00 level. However, the follow up surge appears to have been stopped by the upper trend line of the recently charted channel up pattern. The trend line caused a decline that has found support in the 1,995.00 mark. In the near term future, the commodity price is expected
The USD/JPY has revealed a support zone at 147.15/147.35. The range has been strong enough to cause a recovery. Bu mid-Wednesday, the rate had reached above 149.00. An extended move above 149.00 could be slowed down by the 149.50 level, before the 150.00 mark is reached. Higher above, note the descending 200-hour simple moving averages and the weekly simple pivot
The currency exchange rate has remained below the resistance of the 1.2550 mark. Meanwhile, on Wednesday the pair appeared to have confirmed the 1.2505/1.2510 range as support. A breaking above 1.2550 could result in the rate testing the resistance of the weekly R1 simple pivot point at 1.2576, before the 1.2600 mark would be reached. In the meantime, a potential decline
The reaction to the release of the Federal Reserve Meeting Minutes was minor. Meanwhile, the pair confirmed the 1.0950/1.0965 range as resistance. By mid-Wednesday, the rate had reached the 1.0900 mark and the 100-hour simple moving average, which appeared to be failing to act as support. An extension of the decline could result in the EUR/USD looking for support in
The price for gold has been recovering since the US revealed lower than expected inflation that in turn weakened the US Dollar's value. Recently, the price has approached levels close to the 2,000.00 mark. On Monday, the commodity price was trading around the 1,980.00 level. By mid-Tuesday, it made an attempt to surge and reached 1,995.00. A move above 1,995.00
The USD/JPY has moved even lower, as the rate has reached below 147.50. The round level appears to be acting as an attracting magnet not a support or resistance. Further below, note that round levels might turn into support, before the pair reaches the combination of the 147.70 level and the weekly S3 at 145.79. However, a potential recovery of
The GBP/USD rate has moved above the resistance of the 1.2505/1.2510 range. However, by mid-Tuesday, the 1.2550 level was observed to have acted as resistance to the currency rate. A breaking above 1.2550 could result in the rate testing the resistance of the weekly R1 simple pivot point at 1.2576, before the 1.2600 mark would be reached. In the meantime, a
The EUR/USD has massively surged due to the US inflation having been revealed to be lower than markets expected. This week, the surge continued, as the pair reached above 1.0900. On Monday, the pair tested the resistance of the 1.0940 level. By mid-Tuesday, the pair was at 1.0960. A move of the currency pair above the 1.0960 level could result