The price for gold has passed above the resistance zone of the triangle pattern and the 2,000.00 mark. However, instead of surging the commodity price has retraced down to the 1,990.30/1,997.15 zone and the 50-hour simple moving average. In the meantime, the commodity was being approached by the additional support of the 100-hour simple moving average and the supporting trend line
On Monday, news that the Bank of Japan might change its policy on the Japanese Yen has caused a drop of the USD/JPY. From a technical analysis perspective, the rate has passed below the support range at 149.30/149.45. Eventually, the rate found support in the 148.80 level. Economic Calendar This week most events will be ignored due to a simple reason. The
The currency exchanger ate has respected the support of the 1.2100 mark and the zone that surrounds its. The events have resulted in a recovery of the Pound against the US Dollar. At mid-day on on Monday, the rate was testing the resistance of the weekly simple pivot point at 1.2159. Economic Calendar This week most events will be ignored due to
The EUR/USD found support in the 1.0520/1.0535 range on Friday and started a surge that by mid-Monday had reached above the 106.00 mark. Economic Calendar Analysis This week most events will be ignored due to a simple reason. The US central bank, The Federal Reserve is scheduled to make a rate announcement on Wednesday at 18:00 GMT. The Fed is expected to
The price for gold has broken the channel up pattern that guided the commodity up throughout October. The surge almost amounted to a total of $200. After breaking the ascending channel, the metal has revealed a resistance zone at 1,890.85/1,997.15 and a supporting trend line that connects this week's low levels. Combined these levels form a triangle pattern. Economic Calendar Analysis On Friday,
The USD/JPY has continued to surge, despite reaching above the 150.00 mark. However, it appears that another intervention has occurred. As the pair approached the 150.80 mark on Thursday, it suddenly dipped below 150.00, before returning to trade near 150.50. By mid-Friday, the rate had declined back to the 150.00 mark. Economic Calendar On Friday, the US Core PCE Price Index data
The GBP/USD shortly reached below the 1.2100 mark, prior to recovering. On Friday, the rate appeared to be trading between the support of the 50-hour simple moving average near 1.2110 and the resistance of the 1.2140 level. Economic Calendar On Friday, the US Core PCE Price Index data will impact the value of the US Dollar. The US monetary policymakers watch the
It was recently spotted that the EUR/USD, despite being impacted by fundamentals events, has been respecting the support of the weekly S1 simple pivot point at 1.0525 and the weekly simple pivot point at 1.0571. Economic Calendar Analysis On Friday, the US Core PCE Price Index data will impact the value of the US Dollar. The US monetary policymakers watch the Personal
Gold almost reached the 2,000.00 mark, before starting a consolidation. The consolidation started, as the price hit the upper trend line of the channel up pattern. On Monday, the commodity was finding support in the combination of the 50-hour simple moving average and the 1,970.00 mark. Meanwhile, it has been spotted that Dukascopy trader sentiment reveals how our traders acted. In
The USD/JPY currency pair has once again reached the 150.00 mark. At this level the markets expect the Bank of Japan to intervene in the forex market and strengthen the Japanese Yen. Economic Calendar On Tuesday, at 13:45 GMT, the US PMIs will be published and are expected to impact the US Dollar. On Wednesday, at 20:35 GMT, the head of the Federal
The GBP/USD has confirmed that it is respecting a support zone near the 1.2100 mark. The zone caused a recent recovery of the pair that managed to reach above the 50 and 100-hour simple moving averages. On Monday, the pair broke the 200-hour moving average at 1.2185 and approached the resistance zone at 1.2215/1.2225. Economic Calendar On Tuesday, at 13:45 GMT, the
The currency exchange rate has reached above the 1.0600 mark. However, the 1.0620 level is acting as resistance. It caused a retracement on Thursday and kept the rate down mid-Monday. Meanwhile, it has been spotted and charted that the rate is in a channel up pattern. Economic Calendar Analysis This week, the rate could react to European and United States data releases. On
The surge continues, as the metal's price has reached the 1,950.00 mark at mid-Wednesday. Meanwhile, analysts have spotted that the surge could have occurred in a yet unconfirmed channel up pattern. Economic Calendar Analysis On Thursday, the US weekly Unemployment claims could create a minor reaction in the US Dollar. However, by large this event is being ignored by the markets, unless
The pair continues to act strange, as the markets expect Bank of Japan manipulation. On Tuesday, the pair suddenly dipped below 148.80, before returning to previous levels. It appears as if someone wanted to trigger the stops of the buyers below the 149.30/149.50 range. Meanwhile, the 149.80 level continues to act as resistance. Economic Calendar On Thursday, the US weekly Unemployment claims
By mid-Wednesday, the pair continued to bounce between the support range at 1.2040/1.2050 and resistance at 1.2218/1.2225. Economic Calendar This week, there are couple of events that might cause minor reactions in the Forex market. On Thursday, the US weekly Unemployment claims could create a minor reaction in the US Dollar. However, by large this event is being ignored by the markets,
The EUR/USD has passed above the resistance range at 1.0555/1.0565 However, the pair has not managed to reach above the 1.0600 mark and the weekly R1 simple pivot point. Economic Calendar Analysis On Thursday, the US weekly Unemployment claims could create a minor reaction in the US Dollar at 12:30 GMT. However, by large this event is being ignored by the markets,
Gold has reacted to a run to safety. Before the weekend, markets went into safe haven assets, as an escalation of the war in Middle East was expected. The commodity price reacted to the events with a surge to the resistance of the 1,932.50 level. Afterwards, a retracement to the support of the 1,910.00 level occurred. On Tuesday, the metal
The USD/JPY currency exchange rate has reached above the 148.50/149.00 range. The previous resistance appears to have turned into support. However, the 149.80 level has acted as resistance, before the pair has hit the 150.00 mark. Economic Calendar This week, there are couple of events that might cause minor reactions in the Forex market. On Thursday, the US weekly Unemployment claims could
The currency exchange rate has bounced off the resistance of the 1.2218/1.2225 range and declined to as low as 1.2150 during the early hours of Tuesday. Economic Calendar This week, there are couple of events that might cause minor reactions in the Forex market. On Thursday, the US weekly Unemployment claims could create a minor reaction in the US Dollar. However, by
The EUR/USD has confirmed the 1.0500 mark as support. Meanwhile, resistance is found at 1.0555/1.0565. In addition, the pair respects the hourly moving averages. Economic Calendar Analysis This week, there are couple of events that might cause minor reactions in the Forex market. On Thursday, the US weekly Unemployment claims could create a minor reaction in the US Dollar. However, by large
The surge of gold continues, as on Wednesday the metal reached above 1,865.00 and touched the next resistance zone. Namely, the commodity has reached the 1,877.40/1,879.90 range. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US Dollar will react to the combination of the US Consumer Price Index and the weekly Unemployment Claims data. Markets will be looking at this release
The USD/JPY has narrowed its sideways trading range to 148.50/149.00. Technical levels continue to be ignored. Support below 148.50 is found at 148.15/148.30. Resistance above 149.00 is located at 149.30/149.50. Economic Calendar On Thursday, at 12:30 GMT, the US Dollar will react to the combination of the US Consumer Price Index and the weekly Unemployment Claims data. Markets will be looking at
The GBP/USD currency exchange rate has passed above the 1.2260/1.2285 range, the 1.2300 mark and the weekly R1 simple pivot point at 1.2317. However, after the gains, the pair started to retrace backwards. It was expected that it would look for support in previous resistance levels. Economic Calendar On Thursday morning, the UK GDP is set to be published at 06:00 GMT.
The EUR/USD has managed to reach above the 1.0600/1.0620 resistance. During the second part of Wednesday's trading, it appeared that the range was being confirmed as support. Meanwhile, it is clear that the 50-hour simple moving average provided the needed support for the push through 1.0620. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US Dollar will react to the combination