The decline of the EUR/USD reached the 1.1800 mark during early Thursday's trading hours. The near term future depended on whether or not the 1.1800 level and the weekly S2 at 1.1808 provide support to the currency exchange rate. Economic Calendar Analysis On Thursday, the week will end for EUR/USD macro events, as the US Final GDP is set to be released
In a sharp move just after mid-day on Tuesday, the support of the 200-hour simple moving average was passed. However, almost immediately the rate found support in the 1,725.00 level. By the middle of Wednesday's European trading hours, the metal's price had retraced back up to the 1,735.00 level. Economic Calendar Analysis On Wednesday, at 13:45 GMT the US Services and Manufacturing PMIS
The USD/JPY did not need the support of the 50.00% Fibonacci retracement level at 108.35 to recover. The rate found support just above the 108.40 mark and surged to the 55-hour simple moving average, which provided resistance. By the middle of Wednesday's trading, the rate was making another attempt to pass the 55-hour SMA. Economic Calendar On Wednesday, at 13:45 GMT the
The decline of the GBP/USD has reached below the 1.3700 level. Moreover, the descending channel pattern, which was previously broken has been adjusted. Namely, the upper trend line has been set at the Tuesday's high levels. Economic Calendar On Wednesday, at 13:45 GMT the US Services and Manufacturing PMIs could cause moves from 7.8 to 30.5 pips. On Thursday, the US Final
On Tuesday, the support of the 1.1875/1.1885 zone failed to keep the rate up. In addition, the currency exchange rate passed the support of the weekly S1 simple pivot point at 1.1856. On Wednesday, it appeared that the 1.1850 level was providing resistance to the rate. Meanwhile, by the middle of the day the rate had reached below 1.1820. Economic Calendar Analysis On
Since the middle of Monday's European trading, the commodity price has continued to be supported by the 200-hour simple moving average. In the meantime, the price almost ignored the 55 and 100-hour simple moving averages. Economic Calendar Analysis On Wednesday, at 13:45 GMT the US Services and Manufacturing PMIS could cause moves. On Thursday, the US Final GDP is set to be released
The USD/JPY managed to break the resistance line, which guided it down since early February 18. However, the following surge was almost immediately stopped by the resistance of the 55-hour simple moving average. At mid-day on Tuesday, the USD/JPY bounced off the SMA and sharply declined below the support of the 108.75/108.80 support zone, the weekly S1 simple pivot point
During the prior weeks, the GBP/USD traded in channel down and channel up patterns that represented the rate's larger scale sideways trading between the 1.3800 and 1.4000 mark. Most recently, the rate was in a channel down pattern that had guided the rate to a support zone near 1.3820. The zone provided enough support for the pair to break the
Despite piercing the resistance of the 1.1940 the EUR/USD failed to reach the 1.1950 mark and started a decline. This attempt provided the opportunity to adjust the width of the resistance zone that surrounds the 1.1940 level. By the middle of Tuesday's European trading hours, the currency exchange rate had reached the support of the 1.1875/1.1885 zone. Near term future forecast
In general, liquidity on the DUK+/EUR chart is gone. The rate has been flat. The only exception to this is the pair's March 19 drop to the 3.4500 mark. The drop occurred as almost a fourth of the sell orders of the wall at 3.5100 have moved to 3.4500. Namely, Dukascoin bears are giving in and agreeing to lower prices. Daily Candle
The yellow metal's surge, which was started by the support of the 200-hour SMA on Thursday, eventually found resistance. Namely, the 1,745.50/1,747.40 zone provided resistance. By the middle of Monday's trading, the commodity price had retraced down to the support 200-hour simple moving average. Economic Calendar Analysis On Wednesday, at 13:45 GMT the US Services and Manufacturing PMIS could cause moves. On Thursday, the
The support zone of the 108.75/108.80 level failed, as the USD/JPY clearly passed it on Friday and afterwards began to ignore it. In the meantime, it was spotted on Monday that the 108.60 level provided the rate with support even as early as Thursday. In addition, a descending trend line was added to the chart. The trend line has kept
The support of the 1.3900 level eventually failed to keep the GBP/USD up on Friday. After the support failed, the rate began a decline, which found support in the 1.3820 level. A new support zone of this level and the March 16 low level has been drawn. In addition, a channel down pattern has been spotted. The pattern captures the
During Monday's early trading hours, the EUR/USD found support in the 1.1875/1.1885 zone and began a recovery. By the middle of the day's GMT trading hours, the pair had reached above a technical resistance cluster at 1.1910/1.1930. Economic Calendar Analysis Notable macroeconomic events will start on Wednesday. From 08:15 up to 09:00 the Markit Services and Manufacturing Purchasing Managers Indices would be
At mid-day on Thursday, the yellow metal's price found support in the 200-hour simple moving average and the 1,720.00 level. Afterwards, a surge followed. By the start of Friday's European trading hours, the metal had passed the resistance of the 55 and 100-hour SMAs and was testing the 1,740.00 mark. Economic Calendar Analysis On Wednesday, at 13:45 GMT the US Services and Manufacturing
Throughout this week, the USD/JPY has been trading with high volatility. However, it remained almost sideways, as the rate traded between the resistance zone of 109.25/109.35 and support zone of 108.80/108.75. On Friday morning, the situation had not changed and previous forecasts remained valid. Economic Calendar On Wednesday, at 13:45 GMT the US Services and Manufacturing PMIS could cause moves from 3.0
The 1.3950 level managed to hold on Thursday. It resulted in a decline to the support of the 1.3900 level. During the morning hours of Friday's European trading hours, the 1.3900 mark continued to provide support. Economic Calendar On Wednesday, at 07:00 GMT the UK Consumer Price Index is scheduled to be published. The release has caused moves from 9.7 to
Despite piercing the support of the 1.1910/1.1915 zone, the rate did not decline, as it found support in the 1.1900 level. During the morning hours of Friday's European trading, the rate was testing the resistance of the three hourly simple moving averages and the weekly simple pivot point in the 1.1920/1.1930 range. Economic Calendar Analysis Next week, notable macroeconomic events will start on
As the yellow metal's price was looking for support in the 100-hour SMA in the aftermath of breaking out of the ascending triangle pattern, the Federal Reserve made an announcement. Namely, the stimulating US monetary policy would remain intact. It caused high volatility with an initial surge to the 1,750.00 level and afterwards the 1,755.00 level. It was followed up by
The USD/JPY was once again testing the resistance zone of 109.25/109.35, as the Federal Reserve mate a rate statement and monetary policy statement, which caused high volatility. Namely, since 18:00 GMT on Wednesday, the pair has been sharply moving between the mentioned resistance zone and the support of 108.80/108.75. Economic Calendar There are no more notable events scheduled for this week.
As the rate was declining and testing the support of the previously broken upper trend line of a channel down pattern, the Federal Reserve beat down the USD by making a monetary policy statement. Namely, the supply of the USD was revealed to remain plenty. It eventually resulted in a GBP/USD surge that reached the 1.4000 mark. The 1.4000 mark
On Wednesday, at 18:00 GMT, the EUR/USD surged, as the US Federal Reserve Federal Open Market Committee issued a monetary policy statement. The currency exchange rate surged 73 pips or 0.61% in the span of 40 minutes following the release. In general, the statement revealed that US interest rate hikes are not to be expected. In addition, the Fed is set
On Wednesday morning, the support of the 55-hour simple moving average reached the yellow metal's price. Previously, on Tuesday, the rate bounced off the resistance of the 1,740.00 mark. In the meantime, a pattern has been spotted on the chart. In the meantime, a pattern has been spotted on the chart. Economic Calendar Analysis On Wednesday, the US Federal Reserve is set to
The attempts to pass the resistance of the 109.25/109.35 zone eventually failed. Afterwards the rate started a decline, which passed the support of hourly simple moving averages and the weekly simple pivot point before reaching the 108.80 level. The 108.80 mark provided support, which resulted in a recovery. Economic Calendar On Wednesday, the US Federal Reserve is set to publish a