On Friday, the yellow metal's price broke the descending wedge pattern. The break-out was followed by a sharp decline to the 1,720.00 mark. However, a recovery followed after reaching this level. By the middle of the day's European trading, the metal was testing the resistance of the round price level of 1,760.00. Economic Calendar Analysis On Monday, the US ISM Manufacturing PMI could
On Monday, the USD/JPY started the week by trading near the 106.50 mark, which appeared to be providing the currency exchange rate with support. In the meantime, the rate was being approached by the 55-hour simple moving average, which caused a surge on Friday. Economic Calendar On Monday, at 15:00 GMT, expect the US ISM Manufacturing PMI survey results to cause a
The GBP/USD started the week with testing the resistance of the 1.4000 level. In the meantime, there was a cluster of resistance levels located near the 1.4020 level. Future scenarios were depending on whether or not the 1.4000 mark and the resistance levels at 1.4020 hold or not. Economic Calendar On Monday, the US ISM Manufacturing PMI could cause a GBP/USD move
The EUR/USD tested the resistance of the 1.2100 level on Monday morning. The currency exchange rate's near term future was dependant on what would happen at that level. Economic Calendar Analysis Notable data releases start on Monday. The US ISM Manufacturing PMI could cause a EUR/USD move from 9.1 to 14.5 pips. On Wednesday, the US ADP Non-Farm Employment Change at 13:15 GMT
Gold has dropped to the 1,760.00 level and on Friday tested the lower trend line of the declining wedge pattern. Future scenarios were based upon whether or not the trend line manages to hold. Economic Calendar Analysis Next week, notable data releases start on Monday. On that day, the US ISM Manufacturing PMI could cause a move. On Wednesday, the US ADP Non-Farm
The weekly R1 pivot point eventually failed to provide resistance, as the rate managed to reach the 106.40 mark during Thursday's trading hours. However, the 106.40 held and caused a retracement to the 55-hour SMA. During the first half of Friday's European trading hours, the 55-hour simple moving average was providing support and pushing the rate back up. Economic Calendar On Monday,
The support of the 200-hour SMA did not hold, as the GBP/USD declined below it on Friday. Moreover, at the start of London trading, the pair had reached the 1.3900 level. Namely, the pair had returned to the February 18 level. In the near term future, the rate was expected to test a support zone that surrounds the 1.3850 mark. Economic
Instead of reaching the resistance of the 1.2250 mark, the EUR/USD bounced off the 1.2240 mark and began a decline. At the start of Friday's London trading hours, the rate had reached the support of the 200-hour simple moving average near 1.2130. In the meantime, the rate ignored the support and resistance of the 55 and 100-hour simple moving averages. Economic Calendar
The yellow metal's price has ended trading sideways by declining below the 1,800.00 level. However, on Wednesday and Thursday the rate was finding support I the 1,785.00 level. Meanwhile, the price had declined below the hourly simple moving averages. Economic Calendar Analysis During the week, only the US Preliminary GDP release on Thursday at 13:30 GMT could cause a notable sudden move. Click on
On Thursday, the USD/JPY traded around the 106.00 level. In the meantime, support was provided by the 105.84 level and resistance was provided by the weekly R1 simple pivot point at 106.17. Future scenarios were based upon whether or not the pivot point holds. Economic Calendar This week, only the US Preliminary GDP release on Thursday at 13:30 GMT could cause a
As forecast, the GBP/USD currency exchange rate reached the support of the 55-hour simple moving average. Since the middle of Wednesday's trading hours, the rate has been pushed up by the SMA. By the middle of Thursday's trading, the rate had been pushed above the 1.4170 mark. Economic Calendar This week, the US Preliminary GDP will be published on Thursday at
On Thursday, the EUR/USD broke the resistance of the 1.2170/1.2190 zone. However, it occurred differently than expected, as the rate had to retrace to the support of the 200-hour SMA before the surge. By the middle of Thursday's GMT trading hours, the rate was heading to the resistance of the 1.2250 mark, which was strengthened by the weekly R2 simple pivot
Since finding resistance in the 1,815.00 mark, the yellow metal's price has been trading sideways between the 1,800.00 and 1,815.00 levels. In the meantime, the 55-hour simple moving average had caught up with the price. It was spotted that on Tuesday and Wednesday the SMA was providing the price with support. Economic Calendar Analysis During the week, only the US Preliminary GDP
On Wednesday, the USD/JPY currency exchange rate passed the resistance of the 100 and 200-hour simple moving averages near 105.40 and the weekly simple pivot point at 105.54. By the middle of the day, the rate had reached above the 105.84 level, from which it had bounced off on Monday. Economic Calendar This week, only the US Preliminary GDP release on Thursday
The surge of the GBP/USD has continued, as at midnight to Wednesday, the rate almost touched the 1.4250 mark. However, by the middle of the day's GMT trading hours, the rate had retreated to the 1.4150 level. In the near term future, the rate was expected to either decline or trade sideways until it would be approached by the 55-hour
As expected, the EUR/USD found support in the 55-hour simple moving average. However, by the middle of Wednesday's trading, the SMA had not managed to cause a surge. In regards to the near term future, the rate was expected to test the resistance zone from 1.2170 to 1.2190. Economic Calendar Analysis During the week, only the US Preliminary GDP on Thursday at 13:30
The surge of gold found resistance in the 1,815.00 level, which caused retracement down to the 1,805.00 level. Note that the 1,805.00 mark was strengthened by the support of the 200-hour simple moving averages. Economic Calendar Analysis During the week, only the US Preliminary GDP release on Thursday at 13:30 GMT could cause a notable sudden move. Click on the link below to
After trading around the 105.00 mark since the middle of Monday's trading, on Tuesday, the USD/JPY currency exchange rate recovered. By the middle of the day's European trading, the pair had reached the 105.30 level. Economic Calendar This week, only the US Preliminary GDP release on Thursday at 13:30 GMT could cause a notable sudden move. Click on the link below to
On Tuesday morning, the GBP/USD reached the weekly R1 simple pivot point at 1.4092 and by the middle of the day, it began to pierce through it. In the case of the pivot point failing, the rate could reach for the weekly R2 pivot point at 1.4168. However, the 1.4100 and 1.4150 exchange rate levels might provide resistance. Economic Calendar This week,
The EUR/USD passed the resistance of the 1.2140 level and reached for the resistance zone of the 1.2168/1.2188 levels. On Tuesday morning, the rate bounced off the resistance of the 1.2180 level and began a retracement back down. By the middle of the day's European trading hours, the exchange rate was expected to look for support in the 1.2140 mark and
The DUK+/EUR currency exchange rate has continue to trade sideways. Moreover, no sudden spikes have taken place, as the rate has remained between 3.5000 and 3.6000 since February 10. In the meantime, during the last week, sell orders have moved to the range from 3.5700 to 3.6000. Daily Candle Chart What can be concluded from the technical chart is that the simple
Since Friday morning, the price for the yellow metal has recovered almost 3.00%. During early US trading hours, the commodity reached above the last of the hourly moving averages and the 1,810.00 level. Economic Calendar Analysis During the week, only the US Preliminary GDP release on Thursday at 13:30 GMT could cause a notable sudden move. Click on the link below to find
Since Friday, the USD/JPY has been respecting simple moving averages. The situation changed just before mid-day on Monday. At that time, no SMA or pivot point managed to provide support, as the rate dropped to the 105.00 mark. Moreover, just prior to the fall, the rate had moved above all technical resistance levels and appeared to be set for additional
On Monday, the GBP/USD moved above the 1.4050 mark, as the rate appeared to be pushed up by the support of the hourly simple moving averages. A potential target for the pair's surge was the weekly R1 simple pivot point, which was located at the 1.4092 mark. Economic Calendar This week, the US Preliminary GDP will be published on Thursday at 13:30