Trading Ideas

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Fri, 10 Dec 2021 12:17:21 GMT

USD/JPY approaches high level zone

The 200-hour simple moving average has provided enough support for a surge to start. Namely, the rate is once again approaching the resistance zone at 113.88/113.97. Economic Calendar On Friday, the value of the US Dollar is most likely going to adjust to the publication of the US Consumer Price Index and Core Consumer Price Index changes at 13:30 GMT. The rate

Fri, 10 Dec 2021 12:14:13 GMT

GBP/USD situation remains unchanged

The situation on the GBP/USD chart has remained unchanged. The pair remains between the resistance of the 50 and 100-hour simple moving averages near 1.3210 and 1.3230 and the weekly S1 simple pivot point at 1.3167. Economic Calendar On Friday, the value of the US Dollar is most likely going to adjust to the publication of the US Consumer Price Index

Fri, 10 Dec 2021 12:10:12 GMT

EUR/USD trades below 1.1300

The EUR/USD passed the support of the 50, 100 and 200-hour simple moving averages on Thursday. By the middle of Friday's trading, the pair had reached below 1.1270. Economic Calendar Analysis On Friday, the value of the US Dollar is most likely going to adjust to the publication of the US Consumer Price Index and Core Consumer Price Index changes at 13:30

Thu, 09 Dec 2021 13:12:27 GMT

Gold declines despite breaking resistance

Despite shortly piercing the upper trend line of the channel down pattern, which has guided gold since last week, the metal's price declined at mid-day on Wednesday. By the middle of Thursday's trading, the yellow metal had reached below the 50, 100 and 200-hour simple moving averages and the lower trend line of a minor size channel up pattern. Economic Calendar

Thu, 09 Dec 2021 13:08:33 GMT

USD/JPY tests high level zone

The USD/JPY surged to the November 28 high level zone near the 114.00 mark on Wednesday. The resistance zone was strong enough to cause a decline. By the middle of Thursday's trading, the pair had returned to the support of the 200-hour SMA. Meanwhile, additional support had approached the rate in the form of the 100-hour simple moving average. Economic Calendar On

Thu, 09 Dec 2021 13:02:38 GMT

GBP/USD is impacted by technical levels

On Wednesday, the GBP/USD pair respected the resistance of the 50 and 100-hour simple moving averages near the 1.3240 and 1.3250 levels and the support of the weekly S1 simple pivot point at 1.3167. The rate had bounced between the mentioned levels throughout the day. During the first half of Thursday's trading, the pair had retreated from the 50-hour SMA and

Thu, 09 Dec 2021 12:58:19 GMT

EUR/USD touches December high level

The EUR/USD broke resistance of moving averages and the weekly simple pivot point on Wednesday. The following surge reached the December 1 high levels at 1.1355/1.1360, before starting a decline. By the middle of Thursday's trading, the rate had reached the weekly simple pivot point at 1.1313. In the meantime, take into account that the 50, 100 and 200-hour simple moving

Wed, 08 Dec 2021 13:34:39 GMT

DUK+/EUR remains below 2.0000

On December 8, the DUK+/EUR currency exchange rate was located at the 1.9800 mark. In the meantime, the pair had close by sell orders at 1.9900 and no buy orders as low as the 1.6100 mark. Daily Candle Chart Market Depth Market Depth reveals, where traders have set up buy and sell orders. The up to date data is published at dukascoin.com.

Wed, 08 Dec 2021 11:37:48 GMT

Gold breaks resistance

On Tuesday, the yellow metal's price passed the resistance of the 200-hour simple moving average. On Wednesday, the commodity reached above the upper trend line of the channel down pattern, which had guided the metal since last week. Economic Calendar Analysis On Thursday, a minor USD move could occur due to the weekly US Unemployment claims release at 13:30 GMT. On Friday,

Wed, 08 Dec 2021 11:34:29 GMT

USD/JPY finds support in 200-hour SMA

On Tuesday, the recovery of the USD against the Japanese Yen ended at the 113.75/113.78 zone. The rate failed to pass these levels after making three attempts. Meanwhile, since early Tuesday trading, the pair has been finding support in the 200-hour simple moving average, which has been moving downwards. In addition, the 100-hour SMA had caught up with the pair. Economic

Wed, 08 Dec 2021 11:30:53 GMT

GBP/USD tests support zone

The GBP/USD currency exchange rate has been finding support in the 1.3195/1.3210 zone. However, the rate had retraced up to the resistance of the 100-hour simple moving average and the weekly simple moving average near 1.3265, before the second decline to the support zone. Economic Calendar On Thursday, a minor USD move could occur due to the weekly US Unemployment claims

Wed, 08 Dec 2021 11:27:34 GMT

EUR/USD breaks pattern

On Tuesday, the EUR/USD found support in the support levels near 1.1235. The event resulted in a surge, which passed the resistance of the channel down pattern. However, the rate started to respect the resistance of the 100 and 200-hour simple moving averages and the support of the 50-hour simple moving average. Economic Calendar Analysis On Thursday, a minor USD move could

Tue, 07 Dec 2021 13:36:38 GMT

Gold faces resistance of 200-hour SMA

Since the start of Monday's trading, the price for gold has been respecting the 50, 100 and 200-hour simple moving averages. However, the most impact appears to be done by the resistance of the 200-hour simple moving average, which has kept the price down since early Monday's trading. Economic Calendar Analysis On Thursday, a minor USD move could occur due to the

Tue, 07 Dec 2021 13:33:13 GMT

USD/JPY continues to recover

The USD/JPY started a recovery on Friday by finding support at 112.60. By the middle of Tuesday's European trading hours, the currency exchange rate had reached the 113.75 level. Meanwhile, it was spotted that the rate mostly ignored the close by weekly R1 simple pivot point at 113.69 and the 200-hour simple moving average near 113.60. Economic Calendar On Thursday, a

Tue, 07 Dec 2021 13:27:04 GMT

GBP/USD remains below 1.3300

On Tuesday morning, the GBP/USD currency exchange rate found resistance at 1.3290. The event was followed up by a decline. By the middle of the day's European trading hours, the pair had reached the 1.3240 level. Economic Calendar On Thursday, a minor USD move could occur due to the weekly US Unemployment claims release at 13:30 GMT. The GBP/USD has

Tue, 07 Dec 2021 13:15:27 GMT

EUR/USD traders remain long

On Tuesday morning, the EUR/USD, despite piercing the resistance of the 50-hour simple moving average, found resistance at the 1.1300 mark and declined. By the middle of the day's trading, the pair had reached the 1.1250 mark. Economic Calendar Analysis On Thursday, a minor USD move could occur due to the weekly US Unemployment claims release at 13:30 GMT. The rate has

Mon, 06 Dec 2021 16:37:57 GMT

Gold is moved by SMAs

On Monday, the yellow metal found resistance in the 200-hour simple moving average near 1,785.00. Meanwhile, support was being provided by the 50-hour simple moving average near 1,775.00. Economic Calendar Analysis On Thursday, a minor USD move could occur due to the weekly US Unemployment claims release at 13:30 GMT. On Friday, the value of the US Dollar is most likely going

Mon, 06 Dec 2021 16:34:42 GMT

USD/JPY finds support at 112.60

On Friday, the USD/JPY currency pair found support in the 121.60 mark. The event was followed up by a recovery, which by the middle of Monday's trading had reached above technical levels at 113.11. Economic Calendar On Thursday, a minor USD move could occur due to the weekly US Unemployment claims release at 13:30 GMT. On Friday, the value of the

Mon, 06 Dec 2021 16:30:31 GMT

GBP/USD recovers on Monday

The GBP/USD currency exchange rate found resistance in the 1.3278/1.3300 zone and the 100-hour simple moving average. Economic Calendar On Thursday, a minor USD move could occur due to the weekly US Unemployment claims release at 13:30 GMT. On Friday, the value of the US Dollar is most likely going to adjust to the publication of the US Consumer Price Index

Mon, 06 Dec 2021 16:27:08 GMT

EUR/USD continues to decline

The EUR/USD currency exchange rate has revealed that throughout December it has traded in a channel down pattern. Meanwhile, the pair was ignoring the support and resistance of the 50, 100 and 200-hour simple moving averages. Economic Calendar Analysis On Thursday, a minor USD move could occur due to the weekly US Unemployment claims release at 13:30 GMT. On Friday, the value

Fri, 03 Dec 2021 11:54:10 GMT

Gold trades in pattern

On Thursday, the yellow metal's price booked a new low level by testing the lower trend line of a descending channel down pattern near 1,765.00. The event was followed up by a surge up to the 50-hour simple moving average near 1,775.00. Economic Calendar Analysis This week, the main event will be the release of the US employment data on Friday at

Fri, 03 Dec 2021 11:50:00 GMT

USD/JPY breaks junior pattern

On Friday morning, the upper trend line of the channel down pattern and the 100-hour simple moving average failed to provide resistance to the USD/JPY currency exchange rate. Namely, the pair surged above them and touched the 113.50 mark, before retracing to look for support in the 100-hour SMA. Economic Calendar This week, the main event will be the release of

Fri, 03 Dec 2021 11:46:23 GMT

GBP/USD pierces support level

At mid-day on Friday, the GBP/USD currency exchange rate pierced the support of the weekly S1 simple pivot point at 1.3264. The rate was pushed down initially on Thursday by the 200-hour SMA. On Friday, the 50-hour simple moving average provided resistance. Economic Calendar This week, the main event will be the release of the US employment data on Friday at

Fri, 03 Dec 2021 11:43:43 GMT

EUR/USD traders set up buy orders

The EUR/USD declined below the support of the 50 and 100-hour simple moving averages and the 1.1300 level, on Thursday. By the middle of Friday's trading, the rate had found support in the weekly simple pivot point at 1.1282 and recovered to the two SMAs at the 1.1315 level. Meanwhile, it was spotted that pending orders in the 100-base point range

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