At 19:00 GMT on Wednesday, the US Fed Meeting Minutes were released. The event revealed that the US monetary policy makers are more hawkish than though, as they are highly likely to hike USD interest rates. The price for gold reacted to the news by an initial sharp drop, which was followed up by a steep decline. In total, the
In the aftermath of the Fed Meeting Minute release, the USD/JPY currency exchange rate has revealed a resistance and support zones at 116.19/116.24 and 115.63/115.66 . During late Thursday's trading, the support zone had once again held and the rate was approaching the 50-hour SMA near 115.95 and the 116.00 mark. If the currency pair continues to surge, it would have
The surge of the GBP/USD was testing the resistance of the 1.3600 mark, as the US Fed Meeting Minutes caused a drop back to the 1.3500 level. By late Thursday trading hours, the rate had recovered and made an attempt to pass the 1.3560 level, before retreating below 1.3550. In the case of a surge, the pair would have to pass
The EUR/USD was testing the resistance of the weekly simple pivot point at 1.1345, as the US Fed Meeting Minutes were released. A strengthening of the USD followed, which beat down the EUR/USD. The decline eventually stopped at the 1.1285 level, on Thursday morning. However, since then the rate has been looking for direction, as it ignores technical levels
The USD/CAD surged on Wednesday at 19:00 GMT due to the US FOMC Meeting Minutes revealing that the US monetary policy makers were considering rate hikes. The fundamental surge eventually ended at the 1.2815 level. A retracement down followed. By the middle of Thursday's trading hours, the exchange rate had reached the 50-hour simple moving average near 1.2735. A move below
On Wednesday, the GBP/JPY found resistance in the weekly R2 simple pivot point at 157.80. The following decline resulted in the rate reaching below the 156.50 mark. During the second half of Thursday's trading, the rate was fluctuating between the 156.50 and 157.00 levels. In the case of a decline, the pair is expected to look for minor support in the
The AUD/USD bounced off the December high level zone and sharply plummeted, starting from 19:00 GMT on Wednesday. The drop was fueled by the reveal that the US Federal Reserve monetary policy makers revealed their meeting minutes, which announced to the world that the US central bank might hike interest rates. By the end of Thursday's European trading hours, the rate
The EUR/JPY currency rate's s surge on Friday ended at the 131.60 mark, which acted as resistance and caused a decline. The following decline ended on Thursday morning, as the pair found support in the lower trend line of the channel up pattern that captures the rate's surge since December 19. By the middle of the day's trading, the
The price for gold has been slowly surging, as after passing the resistance of the 50 and 100-hour simple moving averages the price traded close above them. In general, on Wednesday, Tuesday's forecasts remained intact. If the price for gold continues to move higher, it could reach the resistance zone of the 2021 summer and the 2022 New Years eve above
The USD/JPY booked a new five year high level at the weekly R3 simple pivot point at 116.35. The resistance of the pivot point held and caused a decline. By the middle of Wednesday's trading, the rate had retreated below the weekly R2 simple pivot point and the 50-hour simple moving average near 115.80. A continuation of the decline of
Starting from Tuesday up to the middle of Wednesday's trading, the resistance zone at 1.3550/1.3557 continued to hold, as the GBP/USD was making its third attempt at breaking it. Previous forecast scenarios remained unchanged. In the near term future, a move above the 1.3550 mark might aim at the weekly R1 simple pivot point at 1.3585. Afterwards, the 1.3600 mark could
On Tuesday, the EUR/USD found support in the December 29 low level at 1.1275 and the 1.1280 mark. The following surge passed the resistance of the channel down pattern, which recently guided the pair down. In addition, the technical resistance of the 50, 100 and 200-hour simple moving averages and the weekly S1 simple pivot point were passed. By
At mid-day on Tuesday, the USD/CAD declined and confirmed the existence of a support zone at 1.2668/1.2677. Meanwhile, the pair appeared to be almost ignoring the 50-hour simple moving average, the weekly simple pivot point and the previous low and high level zone at 1.2710/1.2730. A surge of the pair might find resistance in this week's high levels near 0.7265/0.7280. In
The surge of the GBP/JPY stopped at the 157.43 level, during late Tuesday's trading. By the start of Wednesday's European trading, the rate had retreated to trade below the 157.00 mark. A continuation of the decline of the Pound against the Japanese Yen might look for support in the weekly R1 simple pivot point at 156.73. Below the pivot point,
On Tuesday, the rate conducted another decline to the September low and December high level zone at 0.7170/0.7185, before starting a sharp recovery. By 16:00 GMT, the rate had already touched the 0.7250 level. The 0.7250 mark caused a minor decline, which found support in the weekly S1 simple pivot point at 0.7266. If the rate passes the support of the
The EUR/JPY currency exchange rate managed to pass the resistance of the 131.00 mark on Tuesday. However, the following surge was not long, as the rate started to decline, before reaching the 131.50 mark. By the start of Wednesday's European trading hours, the pair had retreated to fluctuate near the 131.00 mark. Although, it appeared that the 131.00 mark
The support of the 1,800.00 mark provided enough support to the price of gold that an attempted second surge at mid-Tuesday passed the resistance of the 50, 100 and 200-hour simple moving averages at 1,815.30, 1811.00 and 1,808.25. If the price for gold continues to move higher, it could reach the resistance zone of the 2021 summer and the 2022 New
On Tuesday, the USD/JPY jumped, as it broke the resistance of the 115.40/115.50 zone. The surge reached above the five year high level of early 2017 near 115.80. By the start of US trading, the pair had already reached the resistance of the weekly R3 simple pivot point at 116.35. A move above the weekly R3 simple pivot point at 116.35
On Tuesday, the GBP/USD surged and reached for the resistance of the December 31 high level at 1.3550. The rate reached the 1.3550 level in the aftermath of finding support in the 200-hour simple moving average near 1.3440. In the near term future, a move above the 1.3550 mark might aim at the weekly R1 simple pivot point at 1.3585. Afterwards,
At mid-day on Tuesday, the EUR/USD currency exchange rate traded below the 1.1300 mark, which had been passed during the drop that started with the start of 2022. In the case of the EUR/USD surging above the 1.1300 mark and the weekly S1 simple pivot point at 1.1304, the pair might reach for the 50, 100 and 200-hour simple moving
At the start of the year of 2022, the USD/CAD currency exchange rate found support at 1.2620 and began a recovery. However, on Tuesday, it appeared that the rate was about to be squeezed in between the resistance of the 200-hour simple moving average and the weekly R1 simple pivot point near 1.2780 and the support of the 50-hour SMA
On Tuesday morning, the GBP/JPY currency exchange rate passed the resistance of the 156.00 mark. By the middle of the day's European trading hours, the rate was aiming at the weekly R1 simple pivot point at 156.73. A move above the weekly R1 simple pivot point might find resistance in the 157.00 mark. Higher above, the 157.50 could act as
This week, the AUD/USD found support in the September low and December high level zone at 0.7170/0.7185. On Tuesday, the rate recovered, as it passed above the 0.7200 mark. A continuation of the recovery of the Australian Dollar against the US Dollar might find resistance in the weekly S1 simple pivot point at 0.7227. Above the pivot point, the 50 and
On Tuesday morning, the EUR/JPY currency exchange rate was testing the resistance of the 131.00 mark. The 131.00 mark provided resistance on December 31, just as the year's trading ended. In the case that the pair passes the 131.00 level's resistance, it could aim at the weekly R1 simple pivot point at 131.52. In addition, note that the 131.50