On Wednesday morning, the yellow metal's price had declined and started to trade between hourly simple moving averages. Namely, between the support of the 100-hour SMA and the resistance of the 55-hour SMA. Economic Calendar Analysis At 12:15 on Wednesday, the ADP Non-Farm Payrolls could cause a move. Dukascopy Analytics usually ignore this event because prior to August the EUR/USD move range was
On Wednesday, the USD/JPY traded above the technical levels that surround the 106.00 level. In theory, the pair should surge up to the weekly R1 simple pivot point at 106.48. Economic Calendar At 12:15 on Wednesday, the ADP Non-Farm Payrolls could cause a move from 5.5 to 17.7 pips. Dukascopy Analytics usually ignore this event because prior to August the EUR/USD
The surge of the GBP/USD managed to reach the 1.3480 level before a retracement back down started. By the middle of Wednesday's GMT trading hours, the rate's decline had been slowed down by the 55 and 100-hour simple moving averages. The near term forecasts were based upon what would happen at the support of the 100-hour SMA, which appeared to
The currency exchange rate respected the medium size channel up pattern, as it bounced off its resistance line and declined. On Wednesday morning, the currency exchange rate had reached the support of the weekly and monthly simple pivot points and the 200-hour simple moving average. Economic Calendar Analysis At 12:15 on Wednesday, the ADP Non-Farm Payrolls could cause a move from 5.5
During early Tuesday's trading hours the yellow metal's price managed to pass the resistance of the 1,975.00 level. By the middle of the day, the price had reached the resistance of the 1,990.00 level. In the meantime, it was spotted that the 1,985.00 mark was providing support. Economic Calendar Analysis On Tuesday, at 14:00 GMT the US ISM Manufacturing PMI is set
During Monday's trading hours, the USD/JPY failed to pass the resistance of the technical levels that are located from 105.80 to 106.00. Namely, the 100-hour simple moving average was the level, which could not be passed after two attempts. On Tuesday morning, the rate had retreated and found support in the 105.60 level, which kept the rate from declining. Economic Calendar On
On Tuesday morning, a new high was reached by the GBP/USD currency exchange rate, as the historical high of 1.3383 was passed and the 1.3440 level. In the near term future, the rate was expected to test the resistance of the weekly R1 simple pivot point at 1.3456. Economic Calendar On Tuesday, at 14:00 GMT the US ISM Manufacturing PMI is
Throughout most of August the DUK+/EUR exchange rate traded flat. However, volatility increased throughout the end of the month, as liquidity returned. Daily Candle Chart On the technical daily candle chart, the daily simple moving averages have approached one another, as the rate had traded flat. In theory, they indicate that a squeeze of the rate could occur. Usually, squeezes end
As described on Friday, the EUR/USD has reached the upper trend line of a medium-term channel pattern. However, it appeared higher than expected, as the line was reached on Monday morning near 1.2000. In theory, the rate should decline in the borders of the pattern. Although, it would face various support levels that could keep the pair up. Economic Calendar Analysis On
On Friday, the price for gold raised to the 1,975.00 level. It is likely that yellow metal could gain support from the 55-, 100- and 200-hour SMAs and extend gains in the short run. Economic Calendar Analysis The first week of the month is upcoming. It is set to reveal monthly data sets, which are expected to cause notable currency rate adjustments. On Tuesday,
The USD/JPY currency pair broke the lower boundary of the medium-term ascending channel. During Monday morning, the pair recovered after sharp drop. Economic Calendar The first week of the month is upcoming. It is set to reveal monthly data sets, which are expected to cause notable currency rate adjustments. On Tuesday, at 14:00 GMT the US ISM Manufacturing PMI is set to
On Friday, the GBP/USD exchange rate renewed the 2020 maximum at 1.3360. If the given level holds, it is likely that some downside potential could prevail. Economic Calendar The first week of the month is upcoming. It is set to reveal monthly data sets, which are expected to cause notable currency rate adjustments. On Tuesday, at 14:00 GMT the US ISM Manufacturing
The EUR/USD currency pair continued to appreciate within the medium-term ascending channel. Note that the pair could face the resistance near 1.1960 provided by the weekly R1 and the 2020 high. Economic Calendar Analysis The first week of the month is upcoming. It is set to reveal monthly data sets, which are expected to cause notable currency rate adjustments. On Tuesday, at
During Friday morning hours, the yellow metal was testing the resistance of the 1,950.00 level. If the level would fail to keep the price down, the metal would have no technical resistance as high as 2,056.09. Due to that reason round price levels should be evaluated for resistance and support. Economic Calendar Analysis The first week of the month is upcoming. It is
USD/JPY has been experiencing a sharp drop since the early hours of Friday's European trading session. In the meantime, the Prime Minister of Japan Shinzo Abe has resigned. It indicates that the recent sharp moves are purely fundamental. Economic Calendar The first week of the month is upcoming. It is set to reveal monthly data sets, which are expected to cause notable
On Friday, the GBP/USD traded above the previous high level of 1.3258, which was passed during the morning hours. In the near term future, the rate was set to test the 1.3300 level. What would happen afterwards was by large based upon the strength of the resistance of the 1.3300 level. Economic Calendar The first week of the month is upcoming. It
The EUR/USD has ended its sideways trading, as on Friday morning it was testing the resistance of the 1.1900 level. Future forecasts were based upon what would happen at that level. In the meantime, take into account that the Economic Calendar Analysis has been updated for the next week. Economic Calendar Analysis The first week of the month is upcoming. It is
The squeeze of the yellow metal resulted first in a false breakout down, which was followed by a break out to the upside. Namely, the pair shortly traded below 1,905.00 before starting a surge, which reached above 1,955.00 On Thursday, the price had retreated and found support in the 1,940.00 level. Economic Calendar Analysis On Thursday, the US Preliminary GDP and the US
On Wednesday, the USD/JPY was expected to fall to the 106.10 level. By midnight, the rate had reached the 105.80 level. On Thursday morning, the pair traded between the support of the 200-hour SMA near 105.90 and the resistance of the monthly pivot point at 106.09. Economic Calendar On Thursday, the US Preliminary GDP and the US Unemployment claims are set to
On Wednesday, the GBP/USD reached the targeted weekly R1 simple pivot point at 1.3222. In addition, on Thursday morning, the currency exchange rate started testing the combined resistance of the medium channel down pattern and the pivot point. Future forecasts were based upon what would happen at the resistance levels. Economic Calendar On Thursday, the US Preliminary GDP and the US Unemployment
On Thursday morning, the EUR/USD continued to test the resistance of the weekly simple pivot point at 1.1839 and the 200-hour simple moving average at 1.1848. In the meantime, it was spotted that the support of the 1.1785 level had stopped the rate's Wednesday decline and caused the most recent tests of the mentioned resistance levels. Economic Calendar Analysis On Thursday, the
Since Tuesday's early trading hours, the yellow metal had continued to trade below the resistance of the 55-hour simple moving average. In the meantime, it was spotted on Wednesday that the 1,914.50 level was providing support. In the near term future, due to the mentioned SMA retreating lower, a squeeze was expected. Economic Calendar Analysis On Wednesday, at 12:30 GMT traders should watch
The USD/JPY surge reached the 106.55 level, which was tested two times before a retracement down began. Namely, on Wednesday morning, the currency exchange rate had declined to 106.25 and had no support as low as 106.10. Economic Calendar On Wednesday, at 12:30 GMT traders should watch the release of the US Durable Goods Orders data. The event is capable of causing
As forecast on Tuesday, the GBP/USD has passed the resistance of the technical levels that were located from 1.3110 to 1.3140. However, the breaking of the resistance levels did not result in the expected surge to the weekly R1 simple pivot point at 1.3220, as the 1.3160 level stopped the pair. Economic Calendar On Wednesday, at 12:30 GMT traders should watch the