The EUR/USD increased its volatility due to the ECB. Although, in general the ECB did not reveal new information. Due to that reason the rate was back to previous levels in a couple of hours after the ECB press conference. Meanwhile, it is more noteworthy to mention that the high volatility of the EUR/USD remained in the borders of an ascending
Gold is making attempts to surge through the resistance of the 1,305.00 level. It is making short lived surges above it before declining back down. Although, the situation could change in the future, as during the second half of Wednesday's trading the 55-hour simple moving average was approaching the commodity price from below. Economic Calendar Analysis Wednesday will end with an above all
On Wednesday, USD/JPY tested the combined resistance of a 55-hour SMA and an upper trend line of the medium scale descending pattern at 111.30. As the rate failed to pass the level, it was expected to trade sideways until it gets additional technical support from the lower trend line of a dominant pattern. Latest Fundamental Event The Bureau of Labor Statistics released
On Wednesday, the GBP/USD was expected to be impacted by the Brexit summit occurring in the EU. Namely, Theresa May is meeting with the heads of the EU. Due to that reason both the chart and trader sentiment is neutral, as the pair trades sideways and open short and long positions are balanced. Latest Fundamental Event On Wednesday morning, the UK GDP and
On Wednesday morning, the EUR/USD was being pushed up by the support of the 55-hour simple moving average, which was pushing it to once more test the resistance of a pivot point at 1.1280. Due to the fact that the monthly pivot point had become a solo resistance, it was possible that it will be broken and the EUR/USD would reach
After trading sideways near the 1,300.00 level gold was surging on Tuesday morning. The price was still expected to climb higher, as it had no technical resistance as high as 1,309.30. Economic Calendar Analysis This week data releases are set to start on Wednesday. On that day the calendar is full of events that have impacted various currencies in the past. During the
As it was expected, the USD/JPY retreated as soon as it touched the 55-hour SMA. Although, on Tuesday morning the decline was over, as it was stopped by the 200-hour SMA. As the 200-hour SMA was a lone technical support level, Dukascopy Analysts expect it to be passed after a period of consolidation of the decline. Latest Fundamental Event The Bureau of Labor
The main forecast scenario of Monday became reality. The GBP/USD pierced resistance at 1.3075 and reached for the 1.3100 level, which pushed the rate down. In regards to the near term future, the rate will test the 1.3100 level. If the pair passes that level, it should test the technical resistance of the monthly pivot point at 1.3128. Latest Fundamental Event The Bureau
The EUR/USD has surged as expected. Moreover, the currency exchange rate has surged above the initial target, and instead of just reaching the 1.1250 level, the pair has touched 1.1275. Although, after reaching the high level, the rate retreated and began to trade sideways in the range between 1.1255 and 1.1270. Latest Fundamental Event The European Single Currency appreciated against the US Dollar,
On Monday, gold prices jumped at the middle of the day. The price jumped up to 1,304.00. The surge occurred as soon as the commodity price managed to break the resistance of the 1,298.00 level. In regards to the near term future, the price was expected to climb higher, as it had no technical resistance as high as 1,309.30. Economic Calendar
USD/JPY traded sideways on Monday, as it made attempts to pass the resistance of the 111.50 level. The rate was expected to trade sideways until additional technical resistance levels approach it and force it into a retreat. Latest Fundamental Event The Bureau of Labor Statistics released the US Non-Farm Employment Change, which came better-than-expected of 196K compared with forecasted 172K. Note, that the
After reaching the pivot point at 1.3075 on Monday the GBP/USD currency exchange rate began a decline, which was being stopped by a psychological support level. Namely, the 1.3050 level was supporting the currency exchange rate. Latest Fundamental Event The Bureau of Labor Statistics released the US Non-Farm Employment Change, which came better-than-expected of 196K compared with forecasted 172K. Note, that the US
On Monday morning, the EUR/USD faced no short term technical resistance as high as 1.1250. Although, it did not necessarily indicate that a surge will take place. The rate had previously surged above the technical level cluster near 1.1230 and below all supports at 1.1220. None of the events caused a sharp move up or down. Latest Fundamental Event The European Single Currency
The yellow metal's price has made a sharp drop and an almost immediate recovery. The event was caused by a break out from the sideways trading that was stopped by the 100-day simple moving average. The event signals that gold price is favouring a move down for the medium term future. Economic Calendar Analysis On Friday, at 12:30 GMT the US and Canadian
The USD/JPY managed to find support on Thursday to surge higher. The rate had reached the resistance of the 111.75 level on Friday morning before it began trading sideways. The rate is expected to consolidate its gains before continuing higher. Moreover, at the moment it is facing the combined resistance of a large scale ascending pattern and a weekly pivot point. Meanwhile,
GBP/USD has dropped below the technical support levels that are located in the range from 1.3095 to 1.3160. The event took place due to the announcement that Brexit could be delayed up to a year. This possible uncertainty caused the decline of the price of GBP. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK Current
The 200-hour simple moving average has pushed the EUR/USD currency rate down. On Friday the rate traded at 1.1230 level. Meanwhile, the rate was clearly bouncing around and ignoring the 55 and 100-hour simple moving averages. Due to that reason it could be expected that the currency rate will resume its decline. Latest Fundamental Event The European Single Currency traded sideways against the
On Thursday, the yellow metal marked its fifth consecutive trading session of sideways trading. The metal remained at the 1,290.00 level. Meanwhile, on the hourly chart technical signals could be observed that indicated that a surge of the metal might occur in the near term future. Economic Calendar Analysis Until Friday there are no notable macroeconomic data releases scheduled to take place. On Friday,
By trading sideways the USD/JPY has broken the support of a medium scale channel up pattern. In addition, the rate has signalled that the 55-hour simple moving average cannot push it higher. Meanwhile, the rate was being approached by the support of the 100-hour simple moving average, which could end the sideways trading. Latest Fundamental Event On Monday, the US Census Bureau released
The GBP/USD has traded sideways during the last twenty four hours. It has fluctuated above the 55 and 200-hour simple moving averages near 1.3140, Meanwhile, the 1.3200 level has been providing resistance to the currency exchange rate. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK Current Account release on Friday at 9:30 GMT. The GBP/USD exchange rate
On Thursday, the EUR/USD traded near previous day's trading levels. The rate had been stopped by the resistance levels at 1.1250. Meanwhile the 55 and 100-hour simple moving averages were approaching the rate from below, indicating that a squeeze is about to occur. Latest Fundamental Event The European Single Currency traded sideways against the US Dollar, following the US Durable Goods Orders release
On Wednesday, the yellow metal's price fluctuated near the 1,290.00 level. During the second half of the day the price had fallen below the support of hourly simple moving averages. After falling below the SMAs the metal had no technical support as low as 1,275.00. In theory, the metal was about to fall. Economic Calendar Analysis Until Friday there are no notable macroeconomic
After trading sideways throughout the start of this week, the USD/JPY was being pushed higher on Wednesday by the 55-hour simple moving average. The surge was expected to eventually reach 111.75, as at that level the closest technical resistance was located at. Latest Fundamental Event On Monday, the US Census Bureau released the US Retail Sales data, which came lower-than-expected of -0.2% compared
By the middle of Wednesday's trading session the GBP/USD was testing the resistance of the 1.3200 level. The rate could push through the resistance level as soon as the 55-hour simple moving average approaches from below. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK Current Account release on Friday at 9:30 GMT. The GBP/USD exchange rate lost