During the second half of Monday's European trading hours, the EUR/USD broke the channel up pattern, which had guided the rate up throughout March. Moreover, on Tuesday, the lower trend line of the broken channel was confirmed as resistance. In the meantime the breaking of the pattern did not result in a sharp decline, as support was immediately found in the
On Monday morning, the price for gold shortly traded below the 1,920.00 mark, before staring a sudden recovery. Namely, by the middle of the day's trading hours, the price for gold surged and reached the 1,935.00 level. Meanwhile, the commodity mostly ignored the support and resistance of the 50, 100 and 200-hour simple moving averages. Economic Calendar Analysis On Tuesday, the US
At mid-day on Friday, the USD/JPY currency pair reached the 123.00 mark, as it was forecast. The 123.00 level acted as resistance and caused a decline, found support in the 100-hour simple moving average. Up to the middle of Monday's trading, the currency exchange rate was trading between the 100-hour simple moving average and the 123.00 mark. In the meantime,
At mid-day on Monday, the GBP/USD currency exchange rate once again reached below the 1.3100 level. In the meantime, it appeared that the pair was ignoring the support and resistance of the weekly simple pivot point at 1.3113 and the 50 and 100-hour simple moving averages at 1.3125. Economic Calendar On Tuesday, the US ISM Services Purchasing Managers Index survey results are
The decline of the Euro against the US Dollar has continued, as on Monday morning the rate reached the 1.1000 mark. The decline occurred, as the pair bounced off the resistance of the 1.1050 level. Economic Calendar Analysis On Tuesday, the US ISM Services Purchasing Managers Index survey results are expected to impact the value of the US Dollar and all pairs
The price for gold barely touched the 1,950.00 mark on Thursday, as a decline started. By the middle of Friday's trading, the price had passed the 50, 100 and 200-hour simple moving averages and broken the channel up pattern. At mid-day, the price reached below the 1,925.00 level. Economic Calendar Analysis On Tuesday, the US ISM Services Purchasing Managers Index survey results
The support levels at 121.00/121.50 held out for a third time and have caused a surge, which has managed to break the resistance of the 122.50 mark. Economic Calendar On Tuesday, the US ISM Services Purchasing Managers Index survey results are expected to impact the value of the US Dollar and all pairs that include the USD. During the week, almost all attention
At mid-day on Friday, the GBP/USD broke the week's channel up pattern by passing below the lower trend line of the channel near 1.3120. Economic Calendar On Tuesday, the US ISM Services Purchasing Managers Index survey results are expected to impact the value of the US Dollar and all pairs that include the USD. During the week, almost all attention will be paid
The EUR/USD has approached the support levels that are spread out from the 1.1040 level up to 1.1050. Economic Calendar Analysis On Tuesday, the US ISM Services Purchasing Managers Index survey results are expected to impact the value of the US Dollar and all pairs that include the USD. During the week, almost all attention will be paid to the US Federal Reserve
First of all note that the price encountered resistance at the 1,939.00 level and the 100-hour simple moving average. The event was followed by a retracement to the 1,920.00 level, which acted as support and caused a surge that at mid-day on Thursday reached above the 1,941.00 mark. In addition, the recent confirmation of the 1,920.00 level provided a reference point
The recovery from the 121.00/121.50 zone ended at midnight to Thursday, as the USD/JPY currency exchange rate approached the 122.50 mark. The round exchange rate level's resistance was being strengthened by the 50 and 100-hour simple moving averages near 122.60. Afterwards, the pair returned to the support zone at 121.00/121.50. Meanwhile, take into account that at mid-day on Thursday it appeared
The GBP/USD pair's reaching above the three hourly simple moving averages did not result in a move to the 1.3200 mark, as it was speculated on Wednesday. Instead, the currency pair found resistance in the 1.3180 level. In addition, the bounce off the 1.3180 level revealed a channel up pattern, which has guided the rate since Monday. Throughout Thursday's trading, the
The EUR/USD surge above the previous March high level eventually ended during the midnight hours to Thursday. The surge ended at the 1.1180 mark, which acted as resistance. Afterwards, throughout the day's trading hours, the Euro declined against the US Dollar. By 15:00 GMT, the currency exchange rate had reached below the 1.1100 mark. Economic Calendar Analysis The top event of the
During the first half of March, the asking price of the DUK+/EUR spiked up to the 1.9500 level during a period of two trading sessions on March 5 and 6. Afterwards, a decline started, which during the middle of the month had shortly reached below the 1.6000 mark. Since March 24, the price was almost flat at 1.6100/1.6000. Meanwhile, the bid
The recovery from the 1,890.50/1,893.60 zone continued during Wednesday's trading hours. By 15:00 GMT, the price for gold was approaching combined resistance of the 100-hour simple moving average at 1,937.50 and the 1,940.00 mark. Economic Calendar Analysis On Thursday, at 13:30 GMT, minor US Dollar moves could occur due to the publication of the weekly US Unemployment Claims. The top event of the
The decline of the USD/JPY currency pair eventually reached the support zone at 121.00/121.50. In that zone, the last week's high and low level zone is located at. In addition, note the weekly simple pivot point at 121.27. Moreover, the 200-hour simple moving average has crossed the zone. Economic Calendar On Thursday, at 13:30 GMT, minor US Dollar moves could occur due
On Wednesday, the GBP/USD currency exchange rate step by step surged, as by 16:00 GMT the pair had passed the 50, 100 and 200-hour simple moving averages and reached the 1.3180 mark. In the near term future, the pair was expected to approach the weekly simple pivot point at 1.3198 and the 1.3200 level. Economic Calendar On Thursday, at 13:30 GMT, minor
At mid-day on Wednesday, the EUR/USD currency exchange rate managed to break the resistance zone of the March high levels at 1.1130/1.1138. In addition, by 14:00 GMT, the pair had reached above the weekly R3 simple pivot point at 1.1157 and confirmed the weekly R2 at 1.1136 as a support level. In general, the recent surge of the Euro against the
Talks between Russia and Ukraine have been attributed to an ongoing risk on sentiment. On the gold charts, the sentiment resulted in the breaking of the channel up pattern, which recently guided the price up, and a decline that pierced the March low level. By 16:00 GMT on Tuesday, the price for gold had recovered to the 1,915.00 mark. Economic Calendar Analysis There
The decline of the USD/JPY, which started after the test of the 125.00 mark, has gained new strength, as the US Dollar has lost value against all currencies. Namely, risk-on sentiment on Tuesday increased the losses of the USD against the Japanese Yen, as the pair touched the 122.00 mark. Economic Calendar There are nine sets of data being released this week,
Talks between Russia and Ukraine on Tuesday were assumed to have caused a risk on sentiment in the markets, which resulted in an all-out decline of the US Dollar. However, prior to the drop of the USD, the rate had reached the 1.3060 level's support. Economic Calendar There are nine sets of data being released this week, which might cause an impact
Due to ongoing talks between Russia and Ukraine, risk on sentiment caused large moves on Tuesday. On the EUR/USD charts the event resulted in a sharp surge to the March high level zone at 1.1130/1.1138. Economic Calendar Analysis There are nine sets of data being released this week, which might cause an impact on currency valuations. Five of the nine are US
Previously marked support and resistance zones have been removed. Instead, high and low levels have been marked on the chart. In addition, it was spotted that during the second half of March the commodity price has been surging in a channel up pattern. On Monday, the price for gold declined and found support in the lower trend line of the channel
The Bank of Japan announced on Monday that it would create, if needed, even unlimited supply of the Japanese Yen for the buying of the government's ten year maturity bonds in an effort to increase the price of the bonds and decreasing yields. Namely, the bank wants to keep borrowing costs low via a flooding of the money markets. As