Trading Ideas

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Thu, 21 Jul 2022 08:47:45 GMT

Gold passes below 1,700.00

During the second part of Wednesday's trading hours, the price for gold declined below the 1,697.40/1,700.70 zone. During the first half of Thursday's trading, the price was steadily declining, as by 09:00 GMT the 1,685.00 level was reached. Economic Calendar Analysis On Friday, take into account the US Markit Services and Manufacturing Purchasing Managers Index release at 13:45 GMT. The rate might

Thu, 21 Jul 2022 08:44:18 GMT

USD/JPY extends recovery

During the early hours of Thursday's European trading, the USD/JPY currency pair reached above the 138.50 mark, as it continued its recovery that was started on Tuesday. Economic Calendar On Friday, take into account the US Markit Services and Manufacturing Purchasing Managers Index release at 13:45 GMT. The rate might be impacted through the USD value reacting to the publication. Hourly Chart The

Thu, 21 Jul 2022 08:39:32 GMT

GBP/USD returns back below 1.2000

The resistance zone, which is located near the 1.2050 mark, has held and caused a decline to the range at 1.1960/1.1970 and the 2019 low level. However, during the early hours of Thursday's European trading hours the rate appeared to be passing below the support zone. Economic Calendar On Friday, the pair might react to the publication of the UK monthly retail

Thu, 21 Jul 2022 08:30:00 GMT

EUR/USD reacts to ECB policy

The resistance of the 1.2070/1.2080 zone managed to hold and cause a decline, which eventually resulted in the EUR/USD declining below the 1.0200 mark. Economic Calendar Analysis This week, the EUR/USD is set to react to the European Central Bank Monetary Policy Statement release on July 21, Thursday, at 12:15 GMT. On Friday, the pair might react to two data releases. First

Wed, 20 Jul 2022 08:18:32 GMT

Gold remains near 1,710.00

Throughout this week, the price for gold has continued to trade near the 1,710.00 level throughout this week. The future scenario forecasts remain unchanged. Economic Calendar Analysis On Friday, take into account the US Markit Services and Manufacturing Purchasing Managers Index release at 13:45 GMT. The rate might be impacted through the USD value reacting to the publication. XAU/USD short-term forecast In the

Wed, 20 Jul 2022 08:13:47 GMT

USD/JPY respects a moving average

The USD/JPY eventually passed below the support zone at 137.70/137.90. However, support was almost immediately found in the combination of the 137.50 level and the 200-hour simple moving average. The event resulted in a recovery above 138.00. During the early hours of Wednesday's trading hours, the pair was fluctuating between the weekly simple pivot point at 137.90 and the resistance of

Wed, 20 Jul 2022 08:10:09 GMT

GBP/USD tests resistance

Since the middle of Tuesday's trading hours, the currency pair has been testing a resistance zone at 1.2035/1.2055. In the meantime, minor support appeared to be found in the 1.2000 mark. Economic Calendar On Friday, the pair might react to the publication of the UK monthly retail sales data at 06:00 GMT. Afterwards, note the US Markit Services and Manufacturing Purchasing Managers

Wed, 20 Jul 2022 08:02:47 GMT

EUR/USD trades between zones

The EUR/USD managed to reach above the 1.0190/1.0220 zone and the 1.2050 mark. Resistance was eventually found in the 1.2070/1.2080 zone. Afterwards, a decline to the 1.2020 level occurred and the previous resistance became support. During early Wednesday's trading, the pair was fluctuating between the 1.0220 and 1.0250 levels. Economic Calendar Analysis This week, the EUR/USD is set to react to the

Tue, 19 Jul 2022 08:39:56 GMT

Gold fails to reach above 1,725.00

During Monday's trading, the price for an ounce of gold made an attempt to approach the 1,725.00 mark and failed. By the start of Tuesday's trading, the currency exchange rate was located near the 1,705.00/1,710.00 zone. In general, previous forecasts remain valid. Economic Calendar Analysis On Friday, take into account the US Markit Services and Manufacturing Purchasing Managers Index release at 13:45

Tue, 19 Jul 2022 08:35:03 GMT

USD/JPY looks for support

On Tuesday morning, the USD/JPY currency exchange rate was looking for support in the 137.70/137.90 zone. The rate had been testing the zone since early Monday's trading. Due to that reason, the future forecast scenarios remained unchanged. Economic Calendar On Friday, take into account the US Markit Services and Manufacturing Purchasing Managers Index release at 13:45 GMT. The rate might be impacted

Tue, 19 Jul 2022 08:23:34 GMT

GBP/USD reaches above 1.2000

The GBP/USD broke the resistance zone at 1.1960/1.1970 and the weekly R1 simple pivot point at 1.2012. However, the surge did not reach the 1.2050 mark, as it stopped and reversed near 1.2030. On Tuesday morning, the retracement down found support at 1.1925. Economic Calendar This week, the GBP/USD rate is set to react to a number of events. First of all

Tue, 19 Jul 2022 08:18:05 GMT

EUR/USD extends recovery

On Monday, the EUR/USD currency pair reached the resistance zone at 1.0190/1.0220 and the weekly R1 simple pivot point at 1.0193. However, it can be spotted that it was the 1.0200 mark, which stopped and reversed the surge of the pair. The event resulted in the rate declining and finding support in the 1.01200 level. Economic Calendar Analysis This week, the EUR/USD

Mon, 18 Jul 2022 10:04:32 GMT

Gold finds support near 1,700.00

The price for an ounce of gold has found support in the 1,697.40/1,700.70 range. The support was enough to cause a price recovery. By the middle of Monday's trading hours, the rate had encountered resistance in the 1,720.00 mark and the 100-hour simple moving average. Economic Calendar Analysis On Friday, take into account the US Markit Services and Manufacturing Purchasing Managers Index

Mon, 18 Jul 2022 09:59:33 GMT

USD/JPY declines to support levels

The USD/JPY currency pair booked a new high level at 139.39, before starting a consolidating decline. By the middle of Monday's trading hours, the rate had reached the combined support of the 100-hour simple moving average near 138.00, the weekly simple pivot point at 137.90 and the previous high level zone at 137.70/137.90. Economic Calendar On Friday, take into account the US

Mon, 18 Jul 2022 09:47:10 GMT

GBP/USD recover after booking new low

On July 14, the GBP/USD rate marked a new low level at 1.1760. Since the event, the pair has been recovering. On July 18, the currency rate had reached back up to the 1.1960/1.1970 zone, which marks the last week's high levels. Economic Calendar This week, the GBP/USD rate is set to react to a number of events. First of all note

Mon, 18 Jul 2022 09:24:20 GMT

EUR/USD finds support in large scale pattern

Since reaching parity and declining as low as the 0.9960 level on July 14, the EUR/USD currency pair began a recovery. By the middle of July 18 European trading hours, the currency pair had reached the 1.0150 mark. Economic Calendar Analysis This week, the EUR/USD is set to react to the European Central Bank Monetary Policy Statement releae on July 21, Thursday,

Fri, 08 Jul 2022 10:53:41 GMT

Gold trades sideways

In general, the situation on gold price charts has not changed. However, there are minor updates to note. Namely, the pair has revealed that there is a resistance zone below the 1,750.00 mark, at 1,747.50/1,748.85. Economic Calendar Analysis On Friday, the United States are scheduled to release their monthly employment data at 12:30 GMT. Expect the data release to consist of the

Fri, 08 Jul 2022 10:49:46 GMT

USD/JPY remains in range near 135.50

Throughout July, the USD/JPY currency pair has been trading between the support of the 134.75/134.80 and 136.28/136.38 zones. I Since mid-day on Wednesday, the USD/JPY appeared to have found additional support in the 135.00 level. Meanwhile, the 136.00 level did not appears to be capable of acting as notable resistance. In the meantime, the 50, 100 and 200-hour simple moving averages

Fri, 08 Jul 2022 10:36:46 GMT

GBP/USD encounters resistance

On Thursday, the GBP/USD currency rate extended its surge, as it eventually reached the 1.2050 level. The 1.2050 mark was enough to cause a decline, which by the middle of Friday's European trading hours had reached below 1.1950. In the meantime, the pair appeared to have found resistance in the 1.1960 level, which marks the 2019 low level. Economic Calendar On Friday,

Fri, 08 Jul 2022 10:32:17 GMT

EUR/USD decline reaches below 1.0100

The EUR/USD has continued to decline, as the resistance of the 50-hour simple moving average was enough to cause a move below the 1.0150 mark. On Friday morning, the pair passed below the support of the round exchange rate level and plummeted to the support of the weekly S3 simple pivot point at 1.0074. In the meantime, the pair has revealed

Fri, 08 Jul 2022 07:45:34 GMT

DUK+/EUR sellers outmatch buyers

During June the asking price of Dukascoin has been highly volatile between 1.4330 and 1.6100. During the middle of the month, the whole range was captured during a couple of trading sessions even twice. However, during early July, the price appeared to have calmed down and fluctuated near the 1.5000 mark. In the meantime, the bid price has been rather flat

Thu, 07 Jul 2022 13:13:31 GMT

Gold trades below 1,750.00

The decline of the price of gold eventually found support, as it approached the 1,730.00 level. Namely, the rate rebounded from 1,732.10. Since the event, the price has retraced back up and appears to be trading sideways around the 1,740.00 mark. Economic Calendar Analysis On Friday, the United States are scheduled to release their monthly employment data at 12:30 GMT. Expect the

Thu, 07 Jul 2022 13:10:38 GMT

USD/JPY remains in previous range

Throughout July, the USD/JPY currency pair has been trading between the support of the 134.75/134.80 and 136.28/136.38 zones. At mid-day on Wednesday, the USD/JPY appeared to have found additional support in the 135.00 level. Meanwhile, the 136.00 level did not appears to be capable of acting as notable resistance. In the meantime, the 50, 100 and 200-hour simple moving averages and

Thu, 07 Jul 2022 12:59:08 GMT

GBP/USD finds support at 1.1875/1.1900

Despite being pierced, the 1.1900 mark has managed to act as support. The zone below the round exchange rate level has been marked. The support zone was enough to cause a surge, which by the middle of Thursday's European trading hours had managed to shortly reach above the 1.1975/1.1995 zone and the 1.2000 mark. However, it appeared that the 100-hour simple

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