The 1.2140 level stopped the EUR/USD surge on Friday. Moreover, a reversal down to the support of the 1.2100 mark occurred. On Monday, the rate recovered, as the 1.2100 mark had caused a surge. Near term forecasts were based upon whether or not the price manages to pass the 1.2140 mark. Economic Calendar Analysis During the week, only the US Preliminary GDP on
As the metal was approached by the 55-hour SMA, the price declined and tested the support of the recently discovered falling wedge pattern. On Friday morning, the pattern's support was pierced. Economic Calendar Analysis On Thursday, market participants are set to watch the weekly US Unemployment Claims at 13:30 GMT. The week will end for the USD/JPY with the US PMIs at
On Friday morning, the USD/JPY passed the support of the 100-hour simple moving average and the weekly simple pivot point at 105.62. This resulted in a sharp decline to the 105.30 mark. In the near term future, the rate was expected to look for support in the 200-hour SMA at 105.20. Economic Calendar The week will end for the USD/JPY with the
The GBP/USD has extended its surge beyond initial expectations, as the currency exchange rate reached above the 1.4000 mark during early hours. Moreover, the currency exchange rate no longer had any technical resistance as high as the 1.4110 level. Economic Calendar The week will end for the GBP/USD with the US PMIs at 14:45 GMT. The release could cause a move from
The EUR/USD reached the resistance cluster that surrounded the 1.2100 level. On Friday, this level was passed and the rate quickly reached the 1.2140 mark, which began to provide resistance. In the near term future, the rate was expected to gradually reach the zone of resistance at 1.2168/1.2188. However, it was set to face resistance of round exchange rate levels at
The price has passed the February low level of 1,785.00. Afterwards, the commodity dropped to the 1,770.00 level, where it found support and began a retracement back up. In the meantime, the currency exchange metal's price has revealed a medium scale descending wedge pattern. Economic Calendar Analysis On Thursday, market participants are set to watch the weekly US Unemployment Claims at 13:30
After making two attempts to pass the resistance of the 106.20 level, the USD/JPY currency exchange rate declined. At mid-day on Thursday, the pair passed below the support of the 55-hour simple moving average. Previously, on Tuesday, the SMA caused the rate's surge from the 105.20 to the 105.20 level. Economic Calendar On Thursday, market participants are set to watch the
The squeeze of the GBP/USD between the 55 and 100-hour SMAs ended with a break out to the bottom. However, it was immediately stopped by the support of the 200-hour SMA. The 200-hour SAM provided enough support on Thursday morning for the rate to surge up above the 55 and 100-hour SMAs and the weekly R1 simple pivot point. Economic Calendar On
The decline of the EUR/USD passed the support of the 1.2050 mark and the weekly S1 simple pivot point at 1.2045. The movement ended at the 1.2025 level, which is dive pips above the February 8 low level. By the middle of Thursday's European trading hours, the currency exchange rate had recovered. Moreover, it was expected to retrace to the resistance
The decline of the yellow metal increased volatility, as at mid-day on Tuesday the price made a 1.38% retracement back up before almost immediately returning to previous low levels. On Wednesday morning, the commodity price reached the early February low level at 1,785.00. Economic Calendar Analysis On Wednesday, at 13:30 GMT, the US Retail Sales and Core Retail Sales could cause a
Not only did the USD/JPY reach the 106.00 level, as it was forecast, but the pair also reached the 106.20 level just before midnight to Wednesday. Afterwards, the 106.20 level provided resistance, which caused a retracement down. Economic Calendar On Wednesday, at 13:30 GMT, the US Retail Sales and Core Retail Sales could cause a move of 5.3 to 11.2 pips,
During the first half of Wednesday's trading, the GBP/USD currency exchange rate fluctuated between the support of the 100-hour simple moving average and the resistance of the 55-hour SMA. The near term future was dependant on which one of the two simple moving averages breaks first. Economic Calendar On Wednesday, at 13:30 GMT, the US Retail Sales and Core Retail Sales could
On Tuesday, the EUR/USD bounced off the resistance of the 1.2170 level. This was followed by a sharp decline, which by the middle of Wednesday's European trading hours had reached the 1.2060 level. Namely, a 110 pip decline had occurred. In the near term future, the rate could look for support in the 1.2050 mark, a weekly S1 simple pivot point
At 11:00 GMT on Tuesday, the price of gold began to plummet, as it quickly reached the 1,790.00 mark. It was spotted during the decline that round price levels were providing short term support. In regards to the future, it was possible that the price would end its decline at the early February low level at 1,785.00. Economic Calendar Analysis On Wednesday,
On Tuesday, the USD/JPY retraced back down to find support in the 55-hour SMA and the 105.20 level. Afterwards, by the start of the day's US trading hours, the rate had reached above the 105.70 mark. In the near term future, the rate could test the resistance of the 106.00 mark. Economic Calendar The week is expected to have a lot of
On Tuesday, the GBP/USD broke the resistance of the weekly R1 simple pivot point at 1.3923. Afterwards, the pair touched the 1.3950 mark before beginning a consolidation by retracing back down. In the near term future, the currency exchange rate could look for support in the 55 and 100-hour simple moving averages. Economic Calendar The week is expected to have a lot
The recovery of the EUR/USD extended its gains on Tuesday, as the currency exchange rate reached the 1.2170 level during the morning hours. In the meantime, the most important developments occurred on the daily candle chart, as the pair broke the resistance of the 2021 channel down pattern and the 55-day simple moving average. Economic Calendar Analysis The week is expected to have
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. Meanwhile, the 55-day simple moving average, failed to provide enough support to the rate to cause a surge. However, the SMA did manage to hold the rate up for one trading session. Daily
Since Friday, the metal had retraced back up and found resistance in a technical level. Namely, the 200-hour simple moving average was providing the commodity with resistance and kept the price from surging. It was possible on Monday that the SMA could push the metal's price even lower. Economic Calendar Analysis On Wednesday, at 13:30 GMT, the US Retail Sales and Core
The USD/JPY has broken free from trading near the 105.00 level, as the rate has surged to the 105.40 mark. I the near term future, the rate was expected to consolidate before it would resume its surge. Economic Calendar The week is expected to have a lot of data releases, which could impact the currency exchange rate. On Wednesday, at 13:30 GMT, the
The GBP/USD has started the week by surging above the 1.3900 level. The rate had found support for a surge in the 1.3780 level. At mid-day on Monday, the currency exchange rate was expected to test the weekly R1 simple pivot point at 1.3923. Economic Calendar The week is expected to have a lot of data releases, which could impact the currency
The passing of the 1.2100 level did not result in a decline to the 200-hour SMA, as the EUR/USD found support in 1.2080. On Monday, the pair had recovered to the 1.2140 level. Note that despite there being no resistance to the rate on the hourly candle chart, the pair faces a strong resistance cluster on the daily candle chart. Economic Calendar
The hourly simple moving averages eventually failed to provide support for a surge, as on Thursday afternoon the commodity price began a decline. By the start of Friday's US trading hours, the commodity had declined and almost reached the 1,810.00 level. Economic Calendar Analysis On Wednesday, at 13:30 GMT, the US Retail Sales and Core Retail Sales could cause a move. However,
On Friday, the USD/JPY was trading around the 105.00 level, as the rate from time to time pierced the resistance of this level only to return to trade below it. Future scenarios depended on whether or not the resistance of the 105.00 mark holds. Economic Calendar Next week is expected to have a lot of data releases, which could impact the currency