The DUK+/EUR currency exchange rate stands at a sell order wall at 3.5100. The rate has not been above it since the start of March 2021. Although, the pair has conducted various dips downwards, as sellers give in and reduce the asking price. However, on July 6, there was a clear lack of bid orders, as the closest by pending
The common European currency surged by 26 pips or 0.22% against the US Dollar on Monday. The surge was stopped by the weekly pivot point at 1.1873 during Monday's trading session. Economic Calendar Analysis On Wednesday, at 18:00 GMT, the Federal Open Market Committee is set to publish its Meeting Minutes. Note that it will be just the meeting minutes for the
Despite the volatility caused by the publication of the monthly US employment data, the yellow metal's price continues to surge in the borders of a channel up pattern. However, it was spotted on Monday that the 1,795.00 level was providing the price with resistance. Economic Calendar Analysis On Tuesday, the US ISM Services Purchasing Managers Index release at 14:00 GMT could cause
The USD/JPY failed to pass the resistance zone above the 111.60 level. Moreover, during the last attempt to reach higher, the rate was beat down by fundamental news. Namely, worse than expected US employment data was released on Friday at 12:30 GMT. By the middle of the day's European trading hours, the rate had extended its decline and reached the
On Friday, at 12:30 GMT, the US statisticians published monthly employment data, which caused a decline of the US Dollar. The initial decline was followed up by an extension of the fall of the value of the US Dollar. On the GBP/USD charts it resulted in a move upwards. By the middle of Monday's trading hours, the rate had reached the
On Friday, at 12:30 GMT, the release of US monthly employment data caused a surge, which broke the resistance of the 55 and 100-hour simple moving averages. By the middle of Monday's European trading hours, the pair had reached the 1.1880 level and had no technical resistance as high as the 1.1900 level. In the near term future, the rate was
There are a number of important updates to note in regards to the price of Gold. First of all, the price has pierced the resistance line of the recent June high levels. Secondly, the price has revealed that it is surging in a channel up pattern. In addition, the simple moving averages are left below the bullion. Economic Calendar Analysis On Tuesday,
The US Dollar has encountered resistance against the Japanese Yen in a zone from 111.63 to 111.66. On Friday morning, the rate bounced off this zone and declined to the 111.40 mark, which was supported by the weekly R1 simple pivot point. Economic Calendar On Tuesday, the US ISM Services Purchasing Managers Index release at 14:00 GMT could cause a minor
The 1.3820 level provided enough resistance for the GBP/USD to pass below the lower trend line of the channel down pattern, which guided the rate since June 23. During Friday's trading hours, the rate fluctuated sideways near the 1.3750 mark. Economic Calendar On Tuesday, the US ISM Services Purchasing Managers Index release at 14:00 GMT could cause a minor move on USD
On Thursday, the EUR/USD found enough support in the 1.1840 level and surged. The surge broke the resistance of the channel down pattern, which had guided the rate since June 25. However, the rate found resistance in the 55-hour simple moving average. The SMA caused a decline that on Friday was heading to the 1.1800 mark. Economic Calendar Analysis On Tuesday, the US
On Wednesday, the yellow metal passed the resistance of the 1,765.00 level. Afterwards, the commodity price one by one passed the technical resistance of the 55, 100 and 200-hour simple moving averages. By the middle of Thursday's European trading hours, the price had almost reached the 1,780.00 level. Economic Calendar Analysis On Thursday, the US weekly Unemployment Claims at 12:30 GMT could cause
The USD/JPY ended the sideways trading around the 110.50 level by sharply surging up. It initially jumped to the zone above the 111.00 level. A following sideways trading ended in a resumption of the surge during early Thursday's hours. The surge was expected to reach the resistance of the weekly R1 simple pivot point at 111.40. Economic Calendar On Thursday, the
The decline of the GBP/USD has reached the 1.3800 level, which provided support for a retracement back up to the 1.3840 level. During the early hours of Thursday's trading, the pair fluctuated between the mentioned levels. In the near term future the rate could either trade sideways between the mentioned levels or make a move up or down. Economic Calendar On Thursday,
The EUR/USD passed the support of the 1.1850 mark and the previous June low level. In addition a channel down pattern was spotted on Thursday morning, which has guided the rate since June 25 when the rate hit a weekly high level. In the near term future, the rate was expected to continue to decline in the borders of the pattern.
As expected, the yellow metal's price has broken out of the borders of the descending triangle pattern. It occurred in a sharp move to the 1,751.30 level. Afterwards, a retracement back up to the 1,765.00 mark occurred. During the early Wednesday's trading hours, the pair had declined to the 1,755.00 level. Economic Calendar Analysis On Thursday, the US weekly Unemployment Claims at 12:30
Since the middle of Tuesday's trading, the USD/JPY has been trading in limbo around the 110.50 level. The rate has been kept down by the 55 and 200-hour simple moving averages. In the meantime, support was being provided by the 110.45 level. Economic Calendar On Thursday, the US weekly Unemployment Claims at 12:30 GMT could cause a minor USD move. The
The GBP/USD passed the support of the 1.3860 level and declined to the support of the lower trend line of the channel down pattern. The trend line provided the pair with enough support for a recovery to the 1.3860 level. The 1.3860 mark managed to provide enough resistance for the pair to decline. By the middle of Wednesday's trading, the
The decline of the EUR/USD has reached below the 1.1900 level. Moreover, on Tuesday and Wednesday, the rate confirmed the 1.1910 level as resistance. In the near term future, the rate was expected to continue to decline. Economic Calendar Analysis On Thursday, the US weekly Unemployment Claims at 12:30 GMT could cause a minor USD move. The rate has moved from 8.8 to
Since the review on June 16, the DUK+/EUR currency exchange rate has been trading almost flat. The rate made one dip below the 3.4000 level on June 22. Meanwhile, the wall of sell orders remains intact. There are orders to sell 15,807.19 coins for the asking price of 3.5100. Daily Candle Chart Market Depth Market Depth reveals, where traders have set up
The yellow metal has continued to respect the support zone of the previously described descending triangle pattern. However, on Tuesday the 55 and 100-hour simple moving averages near 1,780.00 started to provide resistance. In the meantime, the 200-hour SMA had reached the triangle. Economic Calendar Analysis On Thursday, the US weekly Unemployment Claims at 12:30 GMT could cause a minor USD move. Later
Since Monday's trading hours, the USD/JPY currency exchange rate has been fluctuating above the 110.50 mark. By large, the situation had not changed, as the rate remained between the support cluster near 110.50 and the resistance of the 55 and 100-hour simple moving averages. In the near term future, the pair was expected to get squeezed in between the resistance
The GBP/USD bounced off the combined resistance of the upper trend line of the channel down pattern, the 100 and 200-hour simple moving averages on Monday. On Tuesday, the rate had retreated to the support of the 1.3860 level, which provided support on June 22. Economic Calendar On Thursday, the US weekly Unemployment Claims at 12:30 GMT could cause a minor USD
The EUR/USD failed to pass the resistance of the 200-hour simple moving average on Monday. Moreover, during the day the SMA forced the pair into a short period of trading below the support zone of 1.1925/1.1920. During the early hours of Tuesday's trading, the pair had clearly retreated below the support zone. Economic Calendar Analysis On Thursday, the US weekly Unemployment Claims at
Starting the week, analysts spotted a descending triangle pattern on the yellow metal's hourly candle chart. The price has been trading between a support zone at 1,770.00/1,775.00 and a descending trend line since June 21. In theory, the commodity price would trade in the pattern until a break out from it occurs. Economic Calendar Analysis This week note the US ISM Manufacturing PMI