The decline of the Euro against the US Dollar eventually encountered support in the form of the 1.0850 level. In addition, it is assumed that some pressure came from the approaching 200-hour simple moving average. The event was followed by a recovery up and above the 1.0900 mark. A resumption of the previous decline could look for support in the
Gold has broken the resistance zone that is located at the 1,995.00 level. However, the follow up surge appears to have been stopped by the upper trend line of the recently charted channel up pattern. The trend line caused a decline that has found support in the 1,995.00 mark. In the near term future, the commodity price is expected
The USD/JPY has revealed a support zone at 147.15/147.35. The range has been strong enough to cause a recovery. Bu mid-Wednesday, the rate had reached above 149.00. An extended move above 149.00 could be slowed down by the 149.50 level, before the 150.00 mark is reached. Higher above, note the descending 200-hour simple moving averages and the weekly simple pivot
The currency exchange rate has remained below the resistance of the 1.2550 mark. Meanwhile, on Wednesday the pair appeared to have confirmed the 1.2505/1.2510 range as support. A breaking above 1.2550 could result in the rate testing the resistance of the weekly R1 simple pivot point at 1.2576, before the 1.2600 mark would be reached. In the meantime, a potential decline
The reaction to the release of the Federal Reserve Meeting Minutes was minor. Meanwhile, the pair confirmed the 1.0950/1.0965 range as resistance. By mid-Wednesday, the rate had reached the 1.0900 mark and the 100-hour simple moving average, which appeared to be failing to act as support. An extension of the decline could result in the EUR/USD looking for support in
The price for gold has been recovering since the US revealed lower than expected inflation that in turn weakened the US Dollar's value. Recently, the price has approached levels close to the 2,000.00 mark. On Monday, the commodity price was trading around the 1,980.00 level. By mid-Tuesday, it made an attempt to surge and reached 1,995.00. A move above 1,995.00
The USD/JPY has moved even lower, as the rate has reached below 147.50. The round level appears to be acting as an attracting magnet not a support or resistance. Further below, note that round levels might turn into support, before the pair reaches the combination of the 147.70 level and the weekly S3 at 145.79. However, a potential recovery of
The GBP/USD rate has moved above the resistance of the 1.2505/1.2510 range. However, by mid-Tuesday, the 1.2550 level was observed to have acted as resistance to the currency rate. A breaking above 1.2550 could result in the rate testing the resistance of the weekly R1 simple pivot point at 1.2576, before the 1.2600 mark would be reached. In the meantime, a
The EUR/USD has massively surged due to the US inflation having been revealed to be lower than markets expected. This week, the surge continued, as the pair reached above 1.0900. On Monday, the pair tested the resistance of the 1.0940 level. By mid-Tuesday, the pair was at 1.0960. A move of the currency pair above the 1.0960 level could result
The price for gold has been recovering since the US revealed lower than expected inflation that in turn weakened the US Dollar's value. Recently, the price has approached levels close to the 2,000.00 mark. On Monday, the commodity price was trading around the 1,980.00 level. The commodity price appears to be looking for additional support, before resuming its surge. The
The weakness of the US Dollar that was caused by the lower than expected US inflation has caused a major drop of the USD/JPY currency exchange rate. By mid-Monday of this week, the rate had almost reached the 148.00 level. A decline below 148.00 could result in the rate looking for support in the combination of the 147.50 level and
The GBP/USD currency pair jumped last week due to the publication of lower than expected US inflation data. The surge stopped just above the 1.2500 mark, before a consolidation down to 1.2400 occurred. Most recently, the pair made another attempt to pass the resistance zone at 1.2505/1.2510. A breaking above 1.2510 could result in the rate testing the resistance of
The EUR/USD has massively surged due to the US inflation having been revealed to be lower than markets expected. This week, the surge continued, as the pair reached above 1.0900. On Monday, the pair tested the resistance of the 1.0940 level. A move of the currency pair above the 1.0940 level could result in the rate approaching the combined resistance
In general, the price for gold has been respecting the support and resistance of round price levels like the 1,945.00, 1,950.00, 1,955.00 and 1,960.00. Meanwhile, the hourly simple moving averages appear to have also impacted the commodity price. An extension of the ongoing decline is set to look for support in previously notable levels like 1,945.00, 1,940.00 and the 1,932.25
The 50-hour simple moving average appears to be pushing the USD/JPY higher. Meanwhile, it has been observed that the rate pauses at round exchange rate levels and trades around them, before picking a direction. In the near term future, the USD/JPY could test the October high level at 151.70. A breaking of this level would most likely result in
It has been observed that the GBP/USD currency pair has been respecting the support and resistance of the 1.2300, 1.2250 and 1.2200 levels. Meanwhile, moving average provide lesser impact on the rate. Due to this reason it is assumed that round exchange rate levels are set to continue to impact the pair. The ongoing decline of the GBP against the
The 200-hour simple moving average has reached and strengthened the support of the 1.0655/1.0665 range. Meanwhile, the 50 and 100-hour simple moving averages appear to be failing at impacting the EUR/USD. A surge of the Euro against the US Dollar is set to face various resistance levels. Initially, the 1.0720 level could reverse another attempt at moving higher. Afterwards, note
Gold has extended its decline, as the commodity traded 1,945.00 per ounce during mid-Thursday. An extension of the ongoing decline is set to look for support in previously notable levels like the 1,940.00 mark and the 1,932.25 level. Below these levels, round price levels could impact the price, before the 1,910.25 support would be reached. However, in the case of
The ongoing recovery of the US Dollar against the Japanese Yen has reached above the combined resistance of the 151.00 mark and the weekly R1 simple pivot point at 151.09. A continuation of the ongoing surge is expected to be slowed down by the 151.50 level. Afterwards, the pair is set to test the resistance of the October 31
The pair has found support near the 1.2250 level. Meanwhile, resistance appears to be provided by the 1.2300/1.2310 range. On Thursday, it was spotted that the pair is being approached by the 200-hour simple moving average near 1.2240. If the SMA pushes the rate higher, it would test the 1.2300/1.2310 range. Above 1.2310 the 1.2350 and 1.2400 levels and the
Since Tuesday, the EUR/USD has continued to respect the support of the weekly simple pivot point at 1.0664 and the 1.0660 mark. Meanwhile, it has been observed that the 50 and 100-hour simple moving averages fail to impact the pair. A recovery of the currency pair is expected to face resistance in the 1.0720 level that appears to have turned
The price for gold has declined and revealed that it respects the support of the 1,960.00 mark and the 1,956.60/1,957.10 range. Meanwhile, the 1,970.00 level has turned from support into resistance, as it was keeping the price down. A resumption of the broader decline of the commodity price would have to pass below the 1,960.00 level and the 1,956.60 level,
By large, the USD/JPY currency pair remains near the 150.00 mark. Most recently, the pair confirmed the 149.20/149.25 range as support and started a recovery. By mid-Wednesday the pair had clearly reached above the hourly simple moving averages near 150.25 and surged to 150.80. The currency pair could soon test the combined resistance of the weekly R1 simple pivot point
The GBP/USD currency pair encountered resistance in the 1.2430 level and started a decline. By mid-Wednesday, the pair's decline had reached the 1.2250 level. In the near term future, the pair was expected to approach the 1.2200 mark. However, before the round level is reached, the 200-hour simple moving average is set to provide some support. Further below, take