On Thursday morning, the EUR/USD currency pair traded near the 2018/2019 minimum located at the 1.1141. If the 55- and 100-hour simple moving averages continue to push the pair down, it could reach the lower boundary of the medium-term channel at 1.1120. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the US Retail Sales data release on
On Wednesday, the price for gold was pressured by the 55- and 100-hour SMAs, as well the monthly S1 and the Fibo 38.20% at 1,274.0. If the given resistance does not hold, it is expected, that gold could reach the psychological level at 1,276.00. Economic Calendar Analysis During this week, there will be a couple of macroeconomic events to watch, avoid or
The USD/JPY exchange rate tested the support level formed by the weekly S1 at the 111.78 mark. It is expected, that the rate trades sideways between the given support and the resistance level formed by a combination of the 55-, 100- and 200-hour SMAs located circa 111.90. Latest Fundamental Event Census Bureau released the US Core Retail Sales data that came out better-than-expected
On Wednesday morning, the GBP/USD rate was testing the lower boundary of the falling wedge pattern located circa 1.2930. It is expected, that the rate could reverse north from the given boundary and target the 55- and 100-hour moving averages located circa 1.2980. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data release on
On Wednesday, the EUR/USD currency pair traded below the resistance of the 55- and 100-hour simple moving averages, which during the morning hours were located at 1.1240. If the simple moving averages continues to push the pair down, the rate should eventually reach the 2018/2019 minimum at 1.1195. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the
The Friday's forecast was correct, the rate surged up to the 100-hour simple moving average, which pushed the commodity price down. On Tuesday, the gold price had reached below all of the support levels near the 1,273.00 level. This fact indicated that the price could continue its decline. Economic Calendar Analysis During this week there will be a couple of macroeconomic events
Just before midnight the USD/JPY dropped sharply 25 base points. However, by the middle of the day's trading session the rate had recovered back up to the 111.90 level. Meanwhile, take into account that a decline was expected on Friday. Compared to Friday's levels the rate had declined slightly. Latest Fundamental Event Census Bureau released the US Core Retail Sales data that came
On Tuesday morning the GBP/USD was testing the resistance of the 1.3000 level. It was expected that the rate will fail to surge, as additional technical resistance was about to be provided by the 100-hour simple moving average. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data release on Thursday at 8:30 GMT. The
On Tuesday, the EUR/USD traded below the resistance of the 100-hour simple moving average, which during the morning hours was located at 1.1260. If the simple moving average continues to push the pair down, the rate should eventually reach the weekly S1 at 1.1209. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the US Retail Sales data
On Friday morning gold passed the resistance of the 55-hour simple moving average near the 1,275.50 level. This event signalled that the commodity price is set to surge. If the surge occurs, the rate will aim for the resistance of the 100-hour simple moving average, which on Friday was located at 1,281.15. Economic Calendar Analysis There will be no more significant data being
USD/JPY trades with high volatility ignoring the resistance levels on the hourly chart. Despite that the rate was expected to decline in the future, as both technical and fundamental analysis perspectives were indicating that a decline will occur. Latest Fundamental Event Census Bureau released the US Core Retail Sales data that came out better-than-expected of 1.2% compared with forecast 0.7%. According to experts, the
Bad German PMI data caused a spillover decline that affected the GBP/USD and forced it into breaking the support of an ascending pattern. By the middle of Friday's trading the rate had recovered from dropping down to the 1.2980 level and was testing the resistance of 1.3000. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales
German PMI data caused a drop of the EUR/USD, which passed most technical support levels. On Friday, the currency exchange rate was recovering after the drop. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the US Retail Sales data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate lost 9 pips or 0.08% right
On Thursday, the yellow metal's price was being pushed down by the 55-hour simple moving average. During the push down the support cluster at 1,274.00 was pierced. This event signalled that the decline of the commodity price could continue. Economic Calendar Analysis This week's data releases will end on Thursday. At 08:30 GMT, the UK Retail Sales will be published. Afterwards, the Canadian
After a second attempt to pass a line on the hourly chart the USD/JPY declined on Thursday. The rate had passed hourly chart's support levels and was set to fall down to the 111.65 level. At that level the weekly pivot point and the 200-hour simple moving average were located at. Latest Fundamental Event The Bureau of Labor Statistics released US CPI
The GBP/USD has traded sideways during the last 24 hours. The rate has been waiting for additional technical support to be pushed down. On Thursday, the 55-hour simple moving average approached the rate. This event caused a decline below the support of the 1.3030 level, which signalled a continuation of the fall of the GBP/USD. Latest Fundamental Event The British Pound depreciated against
On Thursday morning the EUR/USD was set up for another surge. Although, the rate was most likely once more going to be stopped by resistance on the daily chart near the 1.1320 level. At that level the 55-day simple moving average was still located at. This technical level kept the currency exchange rate down since April 12. Latest Fundamental Event The European Single
Gold has reached a new low level. The commodity price has reached a support cluster near the 1,275.00 level. The rate is expected to consolidate its recent gains and wait up for the resistance of the simple moving averages. The SMAs are expected to push the rate down. Economic Calendar Analysis On Wednesday, the UK Consumer Price Index will be released at
The USD/JPY continued to trade near the 112.00 level on Wednesday. Meanwhile, the rate had touched the upper trend line of a dominant resistance line near 112.10. Latest Fundamental Event The Bureau of Labor Statistics released US CPI data that came better than expected of 0.4% compare with forecasted 0.3%. Note, that the US Core CPI was released at the same time
The GBP/USD has fallen down. During the midnight hour the currency exchange rate reached below the 1.3040 level. Moreover, on the daily chart he rate pierced the lower trend line of a dominant ascending pattern. This event signals that a decline will occur in the longer term. Latest Fundamental Event The British Pound traded sideways against the US Dollar, following the UK Average
On Wednesday, the EUR/USD was surging after finding support in the lower trend line of the ascending pattern of the hourly candle chart. The rate was about to once more test the resistance of the 1.1320 level. At that level the 55-day simple moving average was still located at. This technical level kept the currency exchange rate down since April 12. Latest
The low level set as target by Dukascopy Analytics has been reached. Gold reached the 1,282.56 level during the second half of Monday's trading session. In regards to the near term future, it is expected that the commodity price will reach new levels, as it is being pushed down by the 55-hour simple moving average. Economic Calendar Analysis This week has notable data
On Tuesday, the USD/JPY passed the support of the 55-hour simple moving average. The event was signalling that the currency exchange rate could fall down to the 111.70 level. At that level it would meet with the support of the weekly PP, 100 and 200-hour simple moving average. Latest Fundamental Event The Bureau of Labor Statistics released US CPI data that came
The GBP/USD continues to trade in limbo. Namely, it is bouncing around in the range between 1.3080 and 1.3130 since Friday. Dukascopy Analytics suggest to look for certain break outs that could signal the future direction of the pair. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK GDP data release on Wednesday at 08:30 GMT. The