The rate's second attempt to pass the resistance of the 1.2380 level failed on Tuesday. Although, another attempt was about to take place on Wednesday morning. In general, the rate was being pushed up by the support of the 55-hour simple moving average, which strengthened the 1.2340 level. If the rate passes the 1.2380 mark, it could surge up to the
The EUR/USD broke out of the squeeze between the hourly simple moving averages to the upside and touched the upper trend line of a descending channel pattern. On Wednesday morning, the currency exchange rate bounced off the resistance and pierced the support of the 55 and 100-hour SMAs. With that the rate signalled that it is set to decline to the
A break out has occurred on gold's charts. The metal pierced the lower trend line of an ascending channel pattern due to the resistance of the 55-hour simple moving average. The SMA pushed the rate through the support line of the channel up pattern. The decline resulted in the metal's price reaching below the 1,490.00 level. Economic Calendar Analysis This week, there will
As it was speculated on Monday, the USD/JPY rate has reached the 107.50 level. After the event ther ate began a decline. In general, the rate was expected to consolidate by either trading sideways or declining down to the support of the 107.20 level. Economic Calendar This week there are couple of events that could move the USD/JPY pair. On Wednesday, September 11,
The GBP/USD tested the resistance of the 1.2350 level on Monday, as it was expected. Moreover, the resistance was broken, and the rate touched the 1.2380 level. On Tuesday morning, the rate had traded sideways above the 1.2340 level before beginning a surge. In theory, the rate could surge up to the weekly R1 of the simple pivot points at 1.2445. UK
As it was forecast, the EUR/USD reached the resistance levels at 1.1060. The event was followed by a decline down to the 55-hour simple moving average at 1.1040. In general, the pair was set to be supported by the 55 and 100-hour SMAs and face the resistance of the upper trend line of a channel down pattern near the already mentioned
Last week Dukascoin found support in the 0.7300 level. As it was expected, the event resulted in a surge, which reversed at the 0.8300 level. This week the coin started back at the support of the 0.7300 mark. Meanwhile, buy and sell order clusters had moved, indicating that support and resistance zones have changed. Previous Daily Candle Chart Updated Daily Candle Chart On
On Monday morning, the yellow metal's price continued to test the lower trend line of a channel up pattern near 1,505.00. The rate was expected to get squeezed between the described trend line and the resistance of the 55-hour simple moving average that was sharply heading down. Economic Calendar Analysis This week, there will be a couple of data releases from the US
Since the middle of Friday's London trading hours, the USD/JPY has been pushed up by the 55-hour simple moving average. The SMA was expected to push the pair into another test of the resistance at 107.20. If this resistance level gets passed, the rate could surge up to 107.50. Economic Calendar This week there are couple of events that could move the USD/JPY
On Monday morning, the GBP/USD was set to once more test the resistance of the 1.2350 level Note that the rate is supported by the 55-, 100- and 200-hour moving averages. Thus, some upside potential could prevail in the market. UK GDP and Manufacturing Production The British Pound appreciated against the US Dollar, following the UK Manufacturing Production and GDP data releases on
On Monday morning, the EUR/USD bounced off the support of a weekly pivot point at 1.1015 and began a surge. By the time this review was being done, the rate was located just below the 55-hour simple moving average at 1.1036. If this resistance level would be broken, the rate could surge to the 1.1060 level without meeting any resistance. Busy
Yesterday, the price for gold tumbled to the 1,510.00 level. During today's morning, the XAU/USD exchange rate was trading at the 1,505.00 mark. It is likely that yellow metal could consolidate against the US Dollar in the short run. Economic Calendar Analysis Today, US employment data will be published. The event will have three numbers being revealed – the Average Hourly Earnings, Non-Farm
During Friday morning, the USD/JPY currency pair was testing the resistance level formed by the Fibonacci 23.60% retracement at 107.02. It is likely that the Greenback could trade sideways against the Japanese Yen. Economic Calendar Today, US employment data will be published. The event will have three numbers being revealed – the Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate. Due
During Friday morning, the GBP/USD exchange rate was trading at the monthly R1 at the 1.2314 mark. Note that the rate is supported by the 55-, 100- and 200-hour moving averages. Thus, some upside potential could prevail in the market. British Pound depreciates on Brexit tensions On Monday, September 2, the British Pound depreciated 105 pips or 0.86% against the US Dollar.
During Friday morning, the EUR/USD currency pair was testing the support formed by the 55- and 200-hour SMAs at 1.1030. If the given support holds, it is likely that some upside potential could prevail in the short term. Otherwise, the Euro could decline against the Greenback. US employment data set on focus Today, the US employment data will be published. The event
Yesterday, the price for gold re-tested the psychological level at 1,555.00. During today's morning, the XAU/USD exchange rate made a reversal south. Note that yellow metal could gain support of the 55-, 100- and 200-hour SMAs. Economic Calendar Analysis This week there are a couple of US data releases on the economic calendars that are shown as high impact. Today, the US ADP Non-Farm
During Thursday morning, the USD/JPY currency pair reversed south from the monthly PP at 106.70. It is unlikely that the pair could drop lower than the 106.00 mark due to the support of the 55-, 100- and 200-hour SMAs. Economic Calendar This week there are a couple of US data releases on the economic calendars that are shown as high impact. Today, the US
During Thursday morning, the GBP/USD exchange rate was trading at the 1.2250 level. The rate could consolidate in the short run, as it is squeezed by 200-hour SMA and the weekly R1. British Pound depreciates on Brexit tensions On Monday, September 2, the British Pound depreciated 105 pips or 0.86% against the US Dollar. Note, that the Pound also depreciated against other major
During Thursday morning, the EUR/USD currency pair was testing the resistance level formed by the 200-hour SMA and the weekly PP at 1.1041. If the given resistance holds, a reversal south could occur soon. Also, the pair could consolidate near the given resistance. US employment data set on focus This week there are a couple of US data releases on the economic calendars that
Yesterday, the price for gold re-tested the psychological level at 1,550.00. During today's morning, the XAU/USD exchange rate declined to the support cluster formed by the 55-, 100- and 200-hour SMAs. If it holds, yellow metal could add to gains against the Greenback. Economic Calendar Analysis This week there are a couple of US data releases on the economic calendars that are shown
During Wednesday morning, the USD/JPY currency pair was testing the resistance formed by the 100-hour moving average at 106.24. If the given resistance holds, it is likely that bears could prevail in the market in the short run. Economic Calendar This week there are a couple of US data releases on the economic calendars that are shown as high impact. On Thursday, the
During Wednesday morning, the GBP/USD currency pair showed some signs of recovery. However, note that the pair is pressured by the 200-hour moving average, thus, a reversal south could occur. British Pound depreciates on Brexit tensions On Monday, September 2, the British Pound depreciated 105 pips or 0.86% against the US Dollar. Note, that the Pound also depreciated against other major currencies.
During Wednesday morning, the EUR/USD currency pair surpassed the 1.1000 level.Given that the pair is supported by the 100-hour moving average, it is likely that some upside potential could prevail in the short run. US employment data set on focus This week there are a couple of US data releases on the economic calendars that are shown as high impact. On Thursday, the US
The analysis of Dukascoin is a combination of technical and fundamental analysis. Namely, the daily candle chart and market depth are analysed to look for support and resistance levels. Daily Candle Chart By looking at the daily candle chart, one first spots that the 0.7300 level acted as support in August. Moreover, that level's support was strong enough to cause the surge,