On Thursday, the yellow metal's price ended trading just above the 1,710.00 level, as the rate attempted a surge. However, by mid-day the bullion still remained below 1,740.00 mark. In the near term future, it was expected that the metal's price could surge to the 1,740.00 level and test its resistance. Economic Calendar Analysis On Thursday, all attention is expected to be
The pattern, which was revealed by the USD/JPY on Tuesday, was broken at midnight to Thursday. The rate broke out to the upside and reached the 108.00 level. At that level, the rate met with the weekly S1 simple pivot point, which caused a decline. By the middle of Thursday's GMT trading hours the pair had almost reached the 107.50
As expected, the GBP/USD passed the support of the 1.2500 level. However, the following decline was immediately stopped by the 1.2450 level, which caused a surge to the weekly R1 simple pivot point at 1.2576. Afterwards, the rate bounced off the pivot point, and, by the middle of Thursday's GMT trading hours, the pair had retreated below the 1.2500
The break out of the rising wedge on Wednesday quickly reached the 1.0860 mark, where it found support. In the meantime, the rate traded with high volatility, as it retraced back to 1.0940 before resuming its decline. On Thursday, the rate traded in limbo around the 1.0880 level. Economic Calendar Analysis On Thursday, all attention is expected to be set on
After almost touching the 1,750.00 mark on Tuesday, the yellow metal declined to the 55-hour SMA near the 1,710.00 level. The metal's price was expected to trade sideways until it would resume its surge. Economic Calendar Analysis Due to the fundamental changes in the markets, Dukascopy Analytics suggests to note the scheduled macroeconomic events, but avoid using historical data for guidance. Namely, the whole
As it was speculated on Tuesday, the 107.00 level provided the USD/JPY exchange rate with the needed support for a rebound. By the middle of Wednesday's GMT trading hours, the rate's recovery had reached the combined resistance of the 55-hour SMA and a weekly S2 simple pivot point. Economic Calendar Due to the fundamental changes in the markets, Dukascopy Analytics suggests
At mid-day on Wednesday, the rate was testing the support of the 1.2500 level. In the meantime, the pair had passed the support of the 100-hour simple moving average at 1.2513. In theory, the pair should decline to a combination of two technical support levels near 1.2415. Economic Calendar Due to the fundamental changes in the markets, Dukascopy Analytics suggests
By the middle of Wednesday's GMT trading hours, the EUR/USD currency exchange rate broke out of the ascending wedge pattern to the downside. It occurred in a sharp 30 pip move. In regards to the near term future, the rate was expected to continue its decline until it would reach a technical support cluster at 1.0888. Economic Calendar Analysis Due to the
As it was expected, the DUK+/EUR exchange rate did not decline. The pair found support in the 1.3000 level and traded above it since April 9. Meanwhile, in regards to the near term future, pay attention to the changes in the market orders. It can be spotted that there no longer is a cluster of buy orders at 1.2500. In addition,
The yellow metal trades above the 1,700.00 level. By the middle of Tuesday's GMT trading hours, the rate had almost reached the 1,730.00 level. However, additional gains were not expected, as the rate had begun to trade sideways around the 1,720.00 mark. Economic Calendar Analysis Due to the fundamental changes in the markets, Dukascopy Analytics suggests to note the scheduled macroeconomic events, but
The USD/JPY broke a weekly S2 simple pivot point on Tuesday morning. Due to that reason the pair had no technical support as low as 106.85, and the rate was expected to decline. However, the 107.00 exchange rate level could provide support and stop the fall. Economic Calendar Due to the fundamental changes in the markets, Dukascopy Analytics suggests to note the
The surge of the GBP/USD has reached the resistance of a weekly R1 simple pivot point at 1.2576. Since the end of last week the pair has been pushed up by the combination of the 55 and 100-hour simple moving averages. In regards to the near term future, the rate was expected to trade between 1.2520 and 1.2580.
On Tuesday, the EUR/USD currency exchange rate signalled that it could surge up to the 1.0980 level. Meanwhile, the rate had continued to trade in a rising wedge pattern, which can be observed on the hourly candle chart. Economic Calendar Analysis Due to the fundamental changes in the markets, Dukascopy Analytics suggests to note the scheduled macroeconomic events, but avoid using historical
Instead of reaching the 1,640.00 level the yellow metal's price found support In the 1,645.00 level. The metal traded just above this level until 06:00 GMT. Afterwards, the rate resumed its surge and began to test the resistance of the 1,660.00 level. Economic Calendar Analysis Due to the fundamental changes in the markets, Dukascopy Analytics suggests to note the scheduled macroeconomic events, but
USD/JPY has broken out of the squeeze between the 55 and 100-hour simple moving averages. However, the break out did not result in a sharp move, as the pair immediately was stopped by the resistance of the 109.00 level. In regards to the near term future, it was most likely expected that the rate could be pushed up by the
Since the middle of Wednesday's GMT trading hours, the GBP/USD has been testing the resistance of the 50.00% Fibonacci retracement level at 1.2418. On Thursday, the rate was being approached by the 55 and 200-hour simple moving averages. The support of the SMAs could push the rate through the mentioned Fibo and another resistance level at 1.2430. Economic Calendar Due
On Thursday, the EUR/USD passed the support of the 55-hour simple moving average, which began to provide resistance at 1.0868. In the meantime, the pair still found support in the 100-hour SMA at 1.0840. In the meantime, next week's economic calendar events have been analysed, and some events are expected to cause notable volatility. Economic Calendar Analysis Due to the fundamental changes
Just before midday GMT hours, the yellow metal passed the support of the 55-hour simple moving average, which had kept the commodity price up throughout the first half of the day. Due to the passing of the SMA, the price was expected to reach for the support of the 1,640.00 level, which would soon be strengthened by the 100-hour SMA. Economic Calendar
The decline of the USD/JPY passed the support of the 55-hour simple moving average and touched the 108.50 mark. By the middle of the day's GMT trading hours, the pair had rebounded from this level and reached the 109.00 mark. In the meantime, the rate was expected to get squeezed in between the 55 and 100-hour simple moving averages. Economic Calendar As
On Wednesday, the GBP/USD traded between various technical levels near 1.2320. In addition, it had broken the previously described channel down pattern. In regards to the near term future, there could be either a surge up to 1.2400 or a drop to 1.2200. Economic Calendar As it occurred during the last week, due to the fundamental changes in the markets,
Despite piercing the 1.0900 level, the EUR/USD pair did not reach for the 200-hour SMA. Instead, the rate bounced off the 1.0930 mark and began a decline. By the middle of Wednesday's GMT trading hours, the currency exchange rate had reached the support of the 55 and 100-hour simple moving averages near 1.0850. Economic Calendar Analysis As it occurred during the
The scenario of the metal's price surge up to the 1,670.00 level has become reality. The metal reached the target shortly before GMT midnight hours. On Tuesday, after touching the 1,675.00 level, the price began a decline, which was finding support in the 1,650.00 level. Economic Calendar Analysis As it occurred during the last week, due to the fundamental changes in the markets,
The USD/JPY made two failed attempts to pass the resistance of the 109.30 level. Afterwards, the currency exchange rate declined until it found support of the 55-hour simple moving average. By the middle of Tuesday's GMT trading hours, the rate had surged, as it was pushed up by the mentioned SMA. Economic Calendar As it occurred during the last week, due to
On Tuesday morning, the GBP/USD bounced off a supporting trend line and surged up to the 1.2350 level. By doing this, the currency exchange rate revealed a channel down pattern. Meanwhile, the rate managed to pass the resistance of the 55, 100 and 200-hour simple moving averages and the simple weekly pivot point. Economic Calendar As it occurred during the