Since the middle of Wednesday's GMT trading hours, the GBP/USD has traded near the 1.2350 mark. In the meantime, it had been testing the resistance of the 55-hour SMA, which was broken on Thursday morning. Although, the breaking of the SMA did not result in a surge, as the rate was pressured by the resistance of the 100-hour SMA
A quite rare situation has occurred on the EUR/USD charts, as both previous forecast scenarios have become reality. Namely, the rate has surged to the 1.0886 level and declined to the 1.0820 mark. Initially, the pair surged to the 23.60% Fibo at 1.0886, from which it bounced off and declined as low as the 1.0805 level. In regards to the future,
On Wednesday, the metal's price returned to trade near the 1,700.00 mark. Namely, the rate shortly reached above the 1,705.00 level. In the case of the pair properly breaking the resistance of the 1,700.00 level, the pair could reach for the previous high level of 1,740.00. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US Unemployment Claims are scheduled to be released.
As forecast, the USD/JPY declined on Tuesday. During the morning hours of the day, the pair bounced off the 107.30 level. By doing that, the rate revealed a channel down pattern. In regards to the future, on Wednesday the rate had bounced off the upper trend line of the pattern and passed the support of hourly simple moving averages. It
As forecast on Tuesday, the GBP/USD plummeted. However, the rate reached a lot lower than it was expected. It was forecast that the pair could reach the 1.2350 level, but instead the decline stopped at 1.2250. On Wednesday, the currency exchange rate recovered, as it approached various technical resistance levels that were located above 1.2350. Economic Calendar Next UK data
The EUR/USD found support in the 1.0820 level, as it did during the last week. Afterwards, the pair reached up to the resistance of the 1.0880 level. By the middle of Wednesday's GMT trading hours, the currency exchange rate traded in limbo around the 55 and 100-hour SMAs near 1.0860. Economic Calendar Analysis Data that might impact the EUR/USD is bound to start
As forecast, the recovery of the yellow metal's price reached the 1,700.00 level. The rate bounced off this price level after making two attempts to reach above it. As the review was created, the metal ended trading sideways below the 1,700.00 level and plummeted to the support of the 1,675.00 mark. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US Unemployment Claims
The USD/JPY started a decline, as it was about to face the resistance of the 108.00 level and the 200-hour simple moving average. By the middle of Tuesday's GMT trading hours, the pair had been pushed through the support of the 55 and 100-hour SMAs and the weekly pivot point. In addition, the channel up pattern was broken. Economic Calendar On Thursday,
The 55 and 200-hour simple moving averages provided the GBP/USD with the required resistance to push the pair down. By the middle of Tuesday's GMT trading hours, the currency exchange rate had retreated to the weekly simple S1 pivot point at 1.2395. If the pivot point fails to hold, the rate could drop to 1.2350. Economic Calendar Data releases affecting
On Monday, as expected the EUR/USD currency exchange rate bounced off the resistance of the 1.0900 level. Moreover, the rate managed to pass the support of various technical levels. During Tuesday morning GMT trading hours, the pair had reached the 1.0830 level. Economic Calendar Analysis Data that might impact the EUR/USD is bound to start being released on Thursday at 07:30 GMT.
On Thursday, the DUK+/EUR rate experienced a sharp surge to the 1.7500 level. After touching this level, the pair began a decline. By the middle of Monday's GMT trading hours, Dukascoin was back at the 1.3000 level, where it had previously traded throughout most of April. Daily Candle Chart By looking at the daily candle chart, one can observe that
After falling to the 1,674.40 level on Friday, the yellow metal's price recovered on Monday. By the middle of Monday's trading, the rate had reached the resistance of the 200-hour SMA at 1,690.00 In the case of the 200-hour SMA failing to hold, the rate could aim for the 1,700.00 level. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US Unemployment Claims
On Monday, the USD/JPY currency exchange rate traded between various hourly simple moving averages. In regards to the future, the rate was expected to approach the resistance of the 108.00 level and the 200-hour SMA at 107.97. Economic Calendar On Thursday, at 12:30 GMT, the US Unemployment Claims are scheduled to be released. Most likely, the event would reveal another major
The GBP/USD started the week by retreating below the 55 and 200-hour simple moving averages that were located near the 1.2475 level. These two SMAs were expected to push the rate down into the support of the 50.00% Fibonacci retracement level at 1.2418. The Fibo kept the rate from declining at the end of last week. Economic Calendar Data releases
The EUR/USD started the week by testing a strong resistance cluster near 1.0900. It was expected that the pair would be kept down by various technical resistance levels. Economic Calendar Analysis Data that might impact the EUR/USD is bound to start being released on Thursday at 07:30 GMT. At that time, the German Markit Flash Manufacturing and Services PMIs are bound
The bearish scenario of the metal's price has become reality, as the bullion has declined to the 200-hour simple moving average near 1,685.00. In regards to the future, the price is expected to consolidate, as it would get squeezed in between the 200-hour SMA and the resistance of the 55 and 100-hour SMAs. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US
Since the start of Wednesday's trading session, the USD/JPY has made two attempts to pass the resistance of the 108.00 level. By mid-day on Friday, the rate was about to do another attempt, as it had found support in the 55 and 100-hour simple moving averages. In regards to the future, the rate was expected to get squeezed in between
On Thursday, the GBP/USD rate's bounce off from a 50.00% Fibonacci retracement level was reversed by the 55 and 100-hour simple moving averages. By mid-day on Friday, the pair was once again back at the retracement level and was testing its support. Economic Calendar Data releases affecting the GBP/USD are set to start on Wednesday, as at 06:00 GMT
The favoured forecast of Thursday has become reality, as the EUR/USD has declined. On Thursday, the pair touched the support of the weekly simple pivot point at 1.0823 and the 1.0820 mark. After doing a retracement back up to the 1.0880 level, on Friday morning, the pair retreated to fluctuate near the described support levels. Economic Calendar Analysis Data that might impact
On Thursday, the yellow metal's price ended trading just above the 1,710.00 level, as the rate attempted a surge. However, by mid-day the bullion still remained below 1,740.00 mark. In the near term future, it was expected that the metal's price could surge to the 1,740.00 level and test its resistance. Economic Calendar Analysis On Thursday, all attention is expected to be
The pattern, which was revealed by the USD/JPY on Tuesday, was broken at midnight to Thursday. The rate broke out to the upside and reached the 108.00 level. At that level, the rate met with the weekly S1 simple pivot point, which caused a decline. By the middle of Thursday's GMT trading hours the pair had almost reached the 107.50
As expected, the GBP/USD passed the support of the 1.2500 level. However, the following decline was immediately stopped by the 1.2450 level, which caused a surge to the weekly R1 simple pivot point at 1.2576. Afterwards, the rate bounced off the pivot point, and, by the middle of Thursday's GMT trading hours, the pair had retreated below the 1.2500
The break out of the rising wedge on Wednesday quickly reached the 1.0860 mark, where it found support. In the meantime, the rate traded with high volatility, as it retraced back to 1.0940 before resuming its decline. On Thursday, the rate traded in limbo around the 1.0880 level. Economic Calendar Analysis On Thursday, all attention is expected to be set on
After almost touching the 1,750.00 mark on Tuesday, the yellow metal declined to the 55-hour SMA near the 1,710.00 level. The metal's price was expected to trade sideways until it would resume its surge. Economic Calendar Analysis Due to the fundamental changes in the markets, Dukascopy Analytics suggests to note the scheduled macroeconomic events, but avoid using historical data for guidance. Namely, the whole