The hourly simple moving averages failed to provide the GBP/USD with support that would force it to once again test the 1.3860 level. Instead, by the middle of Friday's trading hours, the rate had retreated to the 1.3780 mark. In theory, due to not having any close by technical support, the rate should continue to decline as low as 1.3740. Economic
The weekly R1 simple pivot point, the 55-day SMA and the upper trend line of the large scale channel down pattern have held. The EUR/USD rate has retreated to the support of the 100-hour SMA and the 1.2100 mark. In the case of the rate passing the 1.2100 level's support, the rate could reach for the 200-hour simple moving average
After shortly reaching above the 1,850.00 level, the metal's price retreated to continue to trade just above the support of the 1,835.00 level and the 200-hour simple moving average. In the near term future, additional support could be provided by the approaching 100-hour simple moving average. It could provide the needed support for the rate to test the 23.60% Fibonacci
On Thursday, the USD/JPY passed the resistance of the 55-hour simple moving average in a sharp move that quickly reached the 104.75 level. At mid-day on Thursday, the SMA was expected to provide support. In the case of the rate surging, the pair could reach the resistance cluster that surrounds the 105.00 mark. Economic Calendar On Thursday, at 13:30 GMT the US
The 1.3860 level provided the GBP/USD with resistance and caused a retracement down to the 1.3810 level. At that level the currency exchange rate found support in the 55-hour simple moving average. In the near term future, the currency exchange rate was expected to be pushed up by the SMA into another test of the 1.3860 mark. Economic Calendar On Thursday, at
The EUR/USD failed to pass the resistance of the weekly R1 simple pivot point, which was located at 1.2140. In the meantime, the rate was approached by the support of the 55-hour simple moving average. The SMA could provide the needed technical support for the rate to pass the pivot points resistance. Economic Calendar Analysis On Thursday, at 13:30 GMT the US weekly
The DUK+/EUR currency exchange rate has remained in the range between 3.5000 and 3.8600. Namely, at first glance the situation has not changed. However, on Wednesday, the rate was reached by the 55-day simple moving average, which could provide technical support. Daily Candle Chart As previously forecast, the 55-day simple moving average has reached the rate. It could provide technical support and
At mid-day on Wednesday, the price for gold reached above the 1,850.00 mark. The surge was possible due to the rate being supported by the 55 and 200-hour simple moving averages, which provided technical support. In the near term future, the commodity price was expected to test the resistance of a 23.60% Fibonacci retracement level at 1,860.00. Economic Calendar Analysis On Thursday,
On Wednesday, the retreat of the USD/JPY found support in the 104.40 level. Afterwards, the rate surged and approached the hourly simple moving averages. If the SMAs provide resistance, the pair could resume its decline and reach for the 104.00 mark. Economic Calendar On Thursday, at 13:30 GMT the US weekly Unemployment Claims will be published. The USD/JPY has recently moved from
The surge of the GBP/USD has continued, as on Wednesday the rate reached above the 1.3850 mark. In the near term future, the surge of the pair was expected to reach the weekly R2 simple pivot point at 1.3879. Economic Calendar On Thursday, at 13:30 GMT the US weekly Unemployment Claims will be published. The GBP/USD has recently moved from 8.7 to
On Wednesday, the EUR/USD was testing the resistance of the weekly R1 simple pivot point at 1.2140. Meanwhile, the rate was being approached by the support of the 55-hour simple moving average, which at mid-day was located near 1.2090. Future forecasts were based upon whether the rate passes the resistance of the pivot point. Economic Calendar Analysis The EUR/USD could move due to
By the middle of Friday's GMT trading hours, the yellow metal continued to recover, as it had reached the 1,810.00 level. In the meantime, it was spotted that the 1,800.00 level can provide both support and resistance. Economic Calendar Analysis The week will end with the US monthly employment data sets at 13:30 GMT. Namely, the US Average Hourly Earnings, Unemployment Rate
Despite passing the 105.50 mark, the USD/JPY did not continue to gain, as the 105.67 level provided resistance and caused a retracement back down. At mid-day on Friday, the rate had recovered and once again tested the 105.67 level. Economic Calendar Next week, the USD/JPY could move due to the US Consumer Price Index data and the US Unemployment Claims. The US Consumer
On Friday morning, the GBP/USD passed the resistance of the 1.3700 mark and the weekly simple pivot point at 1.3694. The rate had shown that it could sure. However, it would face the resistance of previous high levels before reaching the technical resistance of the weekly R1 simple pivot point at 1.3779. Economic Calendar The week will end with the US
The decline of the EUR/USD reached the 1.1953 level before it began a retracement back up. In the near term future, the decline was expected to continue, as the 55-hour simple moving average approaches the pair. A decline of the pair would aim at the weekly S3 simple pivot point at 1.1946. Economic Calendar Analysis The week will end with the US monthly
The support zone of the 1,830.00/1,835.00 levels failed. The rate passed the zone and declined. By the middle of US trading hours, the metal's price had touched the 1,785.00 mark. In the near term future, the metal could look for support in the November low level at 1,765.00. Economic Calendar Analysis The week will end with the US monthly employment data sets
By the middle of Thursday's US trading hours, the USD/JPY had reached the 105.50 level. As expected, the rate was pushed up by the 55- hour simple moving average. Near term future forecasts were based upon whether or not the 105.50 mark provides psychological resistance. Economic Calendar The week will end with the US monthly employment data sets at 13:30 GMT.
On Thursday, technical levels were broken, as the rules were dictated by the Bank of England making a policy statement. In general, no changes in the next six months in the policy, as the bank is not ready to go into zero rates. The event caused a surge of almost 130 base points or 0.95%. Economic Calendar The week will end
The 55-hour simple moving average provided enough technical resistance for the EUR/USD currency exchange rate to decline and pass the support of the weekly S2 simple pivot point and the 1.2000 mark. In the near term future, the rata was expected to continue to decline, as it had no technical support as low as the weekly S3 simple pivot point at
The yellow metal's price reached the support of the 1,835.00 level. Moreover, the 1,830.00 level was shortly touched. These levels held and forced the bullion into a retracement back up to the 1,845.00 mark. However, at mid-day on Wednesday, the rate was once again located at the 1,830.00/1,835.00 support zone. Economic Calendar Analysis On Wednesday, the US ISM Non-Manufacturing PMI could cause
The support of the 55-hour simple moving average has managed to push the USD/JPY through the resistance of the 105.00 level, which was strengthened by a 23.60% Fibonacci retracement level. The near term future depended on whether the SMA continues to push the rate up. Economic Calendar On Wednesday, the US ISM Non-Manufacturing PMI could cause a move from 6.1 to 16.0
On Tuesday, after reaching the 1.3620 level, the GBP/USD recovered. The recovery ended on Wednesday, as the rate reached the resistance of the 55-hour SMA. By the middle of the day's GMT trading hours, the pair had bounced off the SMA and declined. Economic Calendar On Wednesday, the US ISM Non-Manufacturing PMI could cause a move from 11.8 to 38.4 pips. At
On Wednesday, the EUR/USD was finding support in the 1.2010/1.2020 zone. In the meantime, resistance was provided by the 1.2050 mark. In the near term future, the rate was expected to approach the rate and provide additional resistance, which could push the pair down. Economic Calendar Analysis On Wednesday, the US ISM Non-Manufacturing PMI could cause a move from 10.4 to 16.9
The DUK+/EUR currency exchange rate has declined to trade above the 3.5000 mark. It reached this level by gradually declining from trading flat for two weeks near the 4.0000 mark. In the meantime, pending trade orders had changed significantly. Daily Candle Chart The most notable fact to note on the daily candle chart was that the rate was being approached by the