The Dukascoin has continued to trade sideways. The DUK+/EUR currency exchange rate had not declined, as it was previously speculated. The reason for the sideways trading was the influx of buy orders at the 1.8700 and 1.8400 levels. Daily Candle Chart On the daily candle chart, it can be observed that, since January 27, volatility of the pair has decreased.
At midnight from Thursday to Friday, the yellow metal's price passed the resistance of the 100-hour simple moving average. By the middle of Friday's European trading hours, the rate had bounced off the resistance of the 1,570.00 level. In the near term future, the pair was expected to trade between the 1,565.00 and 1,570.00 levels. Economic Calendar Analysis Next week,
The USD/JPY has remained below the 110.00 level. In the meantime, the pair has been approached by the 55-hour SMA and it has made a dip below the 109.70 level. In general, it was expected that another attempt to pass the 110.20 level was about to occur. Economic Calendar US employment data sets are scheduled to be published on Friday at 13:30 GMT.
The GBP/USD has declined below the support of the 1.2950 level. The decline paused above the 1.2920 level. Afterwards, the rate began to trade sideways between the 1.2920 and 1.2950 levels. In general, the rate was expected to trade sideways until it is approached by the hourly simple moving averages, which would provide technical resistance. Economic Calendar US employment data sets are
The EUR/USD has passed the support of the 1.1000 level in a sudden sharp move that reached the 1.0970 mark. At the 1.0970 mark the pair found support and retraced back up to the 1.0984 level. This level provided the resistance that caused the most recent decline. By the middle of Friday's European trading hours, the rate had already reached the
The yellow metal's price reached the resistance of the 55-hour SMA on Thursday morning. The SMA was broken, and immediately the 100-hour SMA stopped the surge that followed. Afterwards, for seven consecutive hours, the 100-hour SMA kept the price from moving higher. Due to that reason, it was expected that the rate would get squeezed in between the resistance
On Thursday, the USD/JPY traded sideways below the 110.00 level. The sideways trading was expected to continue until the rate is approached by the support of the 55-hour simple moving average. Meanwhile, it was possible that the rate could decline down to the SMA instead of waiting for it to move upwards. Economic Calendar This Friday, the US employment data sets are set
By the middle of Thursday's GMT trading hours, the hourly simple moving averages had not pushed the rate down. Despite providing resistance, the 55-hour SMA did not push the rate down, as it began to move sideways. In general, the rate was expected to continue to trade between the support of the 1.2950 level and the 55-hour SMA, which was
On Wednesday, as expected, the EUR/USD reached the 1.1000 level. Since reaching this level, the rate traded in limbo around it. In general, the rate was expected to continue to trade sideways until the resistance of the hourly simple moving averages approaches and pushes the rate down. Economic Calendar Analysis On Friday, at 13:30 GMT the US will release their employment data. The
Since the middle of Tuesday's trading session, the yellow metal's price has been finding support in the 1,550.00 level. The price was expected to be soon approached by the 55-hour simple moving average. The SMA could provide the needed resistance to pass the support of the 1,550.00 level. Economic Calendar Analysis On Friday, at 13:30 GMT both Canada and US
On Wednesday, the USD/JPY rate broke resistance levels near 109.60 and reached the 109.80 level. During the middle of the day's GMT trading hours, it was expected that the rate would test technical resistance levels that were located above 109.90. Economic Calendar US employment data sets are scheduled to be published on Friday at 13:30 GMT. Moves from 19.5 to 49.8 pips have
After consolidating by retracing back up, on Wednesday, the GBP/USD returned to trade below the 1.3000 mark. In general, as a consolidating retracement back up to the hourly simple moving averages had removed the oversold pressure, the pair was expected to continue to decline. Economic Calendar US employment data sets are scheduled to be published on Friday at 13:30 GMT. GBP/USD moves
By the middle of Wednesday's London trading hours, the EUR/USD had reached the 1.1020 level. Meanwhile, the rate had passed the support of the 100 and 200-hour SMAs and a weekly pivot point. In regards to the near term future, the decline was expected to continue, as the pair had no technical support as low as 1.1000. Economic Calendar Analysis Note that on
On Tuesday, as risk on sentiment returned to the markets, gold's price passed the support of an ascending channel pattern. In addition, the support of the hourly simple moving averages had been passed. Both of these factors signaled that a decline of the commodity price could be expected. Economic Calendar Analysis Note that on Wednesday, at 13:15 GMT the ADP
As the run to safety ended on Monday, the USD/JPY began to surge due to the Japanese Yen being sold off. By the middle of Tuesday's European trading hours, the currency exchange rate had broken various resistance levels and reached above the 109.00 level. Economic Calendar On some calendars, on Wednesday, the ADP Non-Farm Employment Change is shown as a high impact data
The decline of the GBP/USD has continued, as on Tuesday morning the pair had touched the 1.2950 level. By the middle of the day's European trading hours, the currency exchange rate had retraced back up and found resistance in a pivot point at 1.3020. Economic Calendar On some calendars, on Wednesday, the ADP Non-Farm Employment Change is shown as a high
On Tuesday, the EUR/USD traded near the 1.1050 level. It was being supported by two SMAs near 1.1040 and two resistance levels near 1.1060. The support and resistance levels should be looked at for guidance of the rate's future direction. US ISM Manufacturing PMI The European Common Currency depreciated against the US Dollar, following the US ISM Manufacturing PMI survey results
As expected, the DUK+/EUR currency exchange rate traded sideways below the 2.0500 level throughout the last week. In regards to the near term future, various signals were indicating that the exchange rate could decline. Daily Candle Chart On the daily candle chart, one can observe that the rate had been trading almost sideways since January 19. During that time period, the
On Friday, the yellow metal reached higher than expected. However, by the middle of Monday's trading, the rate had retreated back down to the previous price levels. Namely, the metal traded between the 1,575.00 and 1,580.00 levels. These levels were being strengthened by the 55 and 100-hour simple moving averages. Economic Calendar Analysis The week, as the first of
On Monday, the USD/JPY was testing resistance levels after reaching below the 108.40 level. In general, the currency exchange rate was expected to continue to decline. A decline could occur, as soon as the hourly simple moving averages catch up with the rate. Economic Calendar At 15:00 GMT the US ISM Manufacturing PMI could cause a move on the USD/JPY from 20.0 to
After reaching above the 1.3200 level on Friday, the rate plummeted on Monday. The crash was caused by comments made by UK officials, including the Prime Minister Boris Johnson. A report on the event will be available during today's GMT trading hours. Meanwhile, from a technical perspective, on Monday, the rate was looking for support. Economic Calendar Relevant data publications for
On Friday, the rate managed to pass the resistance of the 1.1040 level. Moreover, the rate surged above the 1.1090 level. On Monday, the EUR/USD pair was retracing back downwards. In general, the rate was finding support in the weekly pivot point near 1.1060, and it was expected to surge, as the rate is approached by the 55-hour SMA. Economic Calendar Analysis The
On Thursday, the yellow metal faced the resistance of the 1,585.00 level, which caused a decline down to the 1,571.00 level, where support was found. At mid-day on Friday, gold traded near 1,580.00, had the support of the 55 and 100-hour simple moving averages, and in theory should once again test the 1,585.00 resistance. Economic Calendar Analysis Next week,
The squeeze of the USD/JPY between the 55 and 100-hour simple moving averages, as expected, resulted in a break out. The exchange rate broke out to the downside and reached the 108.60 level, exceeding expectations. By the middle of Friday's GMT trading hours, the pair was located between the resistance of the mentioned SMAs near 109.00 and the support of a