The price of gold passed all marked support levels and a broader decline was expected. However, the price once again has found support in the 2,470.00 level. A zone has been marked near this level. On Thursday, the price had recovered and returned above the 2,500.00 mark. It was assumed that the rate could soon reach the 2,530.00 high level zone. Economic
The channel up pattern failed to hold. The USD/JPY currency pair has declined and revealed a channel down pattern. By mid-Thursday, the rate had reached below the 143.50 level. Economic Calendar On Thursday, at 12:15 GMT, the ADP Non-farm Employment Change might cause a move. However, the top employment data publication of them all will happen on Friday. At 12:30 GMT,
The decline of the Pound against the US Dollar ended at the 1.3100 mark. Despite shortly trading below 1.3100, the pair eventually recovered. After a period of sideways trading, the rate broke the channel down pattern and various resistance levels. By mid-Thursday, the pair had made a second attempt to break the resistance of the 1.3175/1.3180 range. Economic Calendar On Thursday, at
After breaking the channel down pattern, the EUR/USD eventually surged, as the rate has managed to reach the combined resistance of the weekly simple pivot point at 1.1097, the 200-hour simple moving average and the 1.1100 mark. Economic Calendar Analysis On Thursday, at 12:15 GMT, the ADP Non-farm Employment Change might cause a move. However, the top employment data publication of
On Monday morning, the price of gold shortly traded below the support range that surrounds the 2,500.00 mark. However, by midday, the price was back to fluctuating around the round price level. Economic Calendar Analysis Notable events start on Tuesday. At 14:00 GMT, the ISM Manufacturing PMI data is set to be published and might impact the US Dollar. On Wednesday, at 14:00
The recovery of the US Dollar against the Japanese Yen has reached the combined resistance of the upper trend line of the channel up pattern, the weekly R1 simple pivot point and the 147.00 mark. In general, the pair could now go anywhere in the borders in the borders of the pattern. Economic Calendar Notable events start on Tuesday. At 14:00 GMT,
On Friday, it was reported - "The Pound's decline against the US Dollar has reached the 1.3120/1.3130 support zone. In addition, the pair has revealed a channel down pattern that has guided the rate's decline." By late Monday's trading, the situation was mostly unchanged, as the rate had bounced off the combination of the pattern's lower trend line and the 1.3120/1.3130
The 1.1040/1.1060 range has held and caused a minor recovery that has broken the ascending channel pattern's resistance and the 50-hour simple moving average. However, the rate has not started a broader decline, as it remains near the support range. Economic Calendar Analysis Notable events start on Tuesday. At 14:00 GMT, the ISM Manufacturing PMI data is set to be published and
Since Monday, the metal's price has made four attempts to pass the 2,530.00 level. The attempts failed. Meanwhile, it was spotted that the hourly simple moving averages are failing to impact the metal. However, the commodity price keeps finding support near 2,500.00. The prior potential scenario descriptions remain valid. Economic Calendar Analysis Next week, notable events start on Tuesday. At 14:00 GMT, the
The USD/JPY pair has managed to breach the resistance of the 145.00 level. In addition, after the first pass above 145.00, the rate retraced back down and revealed the location of a channel up pattern's support range. Economic Calendar Next week, notable events start on Tuesday. At 14:00 GMT, the ISM Manufacturing PMI data is set to be published and might impact
The Pound's decline against the US Dollar has reached the 1.3120/1.3130 support zone. In addition, the pair has revealed a channel down pattern that has guided the rate's decline. Economic Calendar Next week, notable events start on Tuesday. At 14:00 GMT, the ISM Manufacturing PMI data is set to be published and might impact the US Dollar. On Wednesday, at 14:00 GMT, the
The decline of the EUR/USD has reached the support zone at 1.1040/1.1060. Meanwhile, it has been spotted that the rate has been declining in a channel down pattern. Economic Calendar Analysis Next week, notable events start on Tuesday. At 14:00 GMT, the ISM Manufacturing PMI data is set to be published and might impact the US Dollar. On Wednesday, at 14:00 GMT, the
This week, the metal's price has made two attempts to pass the 2,530.00 level. Both attempts failed. Meanwhile, it was spotted that the hourly simple moving averages are failing to impact the metal. However, the commodity price keeps finding support near 2,500.00. Economic Calendar Analysis On Thursday, the US Preliminary GDP data publication might move the markets. The market consensus is taht
Since Monday, the USD/JPY pair has been consolidating by trading sideways between the support of the 143.50 level and the 145.00 level's resistance. In general, the situation has not changed since Monday, besides the fact that the 50 and 100-hour simple moving averages appear to have minor to no impact on the pair. Economic Calendar On Thursday, the US Preliminary GDP data
The surge of the Pound against the USD eventually exhausted itself near the 1.3250 level. The reaching of this level was followed by a decline to the 1.3170./1.3180 range that provided support. Since then, the rate has traded between this range and the resistance of the 1.3220/1.3230 range. The pair remained between this range, despite Thursday morning news of decreasing inflation
The EUR/USD attempted to pass the resistance of the 1.1190/1.1200 range for a second time, before failing. The failure was followed by a broader decline, which passed the 50, 100 and 200-hour simple moving averages, broke the ascending channel pattern, reached below the weekly simple pivot point. However, then the 1.1100/1.1105 range held, and it appeared that the rate might
Despite declining on Thursday, the price for gold eventually found support in the 2,470.00 mark. Since then, a recovery has taken place. On Friday, the speech by Jerome Powell added strength to the recovery. By mid-Monday, the commodity price was approaching the all-time high levels near 2,530.00. Economic Calendar Analysis This week, the markets might move due to various publications. On Tuesday,
The comments made by the head of the US Federal Reserve caused a decline of the US Dollar against other currencies. On the USD/JPY charts, it was consisted with a bounce off from the 146.00/146.50 range. By mid-Monday, the decline had found support in the 143.50 level. Economic Calendar This week, the markets might move due to various publications. On Tuesday, at
The speech done by Jerome Powell caused a decline of the US Dollar. The GBP/USD currency pair surged due to the speech and even managed to reach above 1.3200. In the meantime, it is more notable that the pair has revealed support and resistance trend lines and low and high level zones. Economic Calendar This week, the markets might move due to
During the Jackson Hole event, the Chairman of the Federal Reserve, Jerome Powell, stated that the central bank is set to cut interest rates. Due to this reason, the US Dollar's value plummeted. On the EUR/USD charts, it resulted in the pair breaking the 1.1160/1.1175 range. However, eventually the pair stopped at the 1.1200 mark. On Monday, the currency rate was
In general, the price for gold continues higher, as it surges step by step. Namely, a new high is reached then the price retreats to find support in a prior high level, before resuming the surge up to a higher high level. Economic Calendar Analysis The financial markets might move on Wednesday, at 18:00 GMT. At that time, the Federal Reserve Meeting
Despite reaching above the 146.00/146.50 range, the rate did not extend its recovery far. The surge stopped and reversed near the resistance of the 50, 100 and 200-hour simple moving average. Eventually, the decline reached the support of the 145.00 mark, which reversed the decline. By mid-Wednesday, the pair was once again testing the 146.00/146.50 zone. In general, prior support
The surge of the GBP/USD has resumed and gained more than expected. The Pound has broken the channel up pattern to the upside. In addition, the rate has passed the 1.3000 mark and eventually reached the 2024 high level on Tuesday. Moreover, the 2024 high did not hold, as it was shortly passed. The rate stopped and appears to be
The surge of the EUR/USD has passed the 1.1100 level. Resistance has been encountered in the weekly R2 simple pivot point at 1.1130 and a major resistance zone at 1.1130/1.1200.In the meantime, Dukascopy Bank SA traders have added more to short positions and closed long positions, as open position volume is 74% in short positions.Economic Calendar Analysis The financial markets might