Yesterday, the price for gold re-tested the psychological level at 1,555.00. During today's morning, the XAU/USD exchange rate made a reversal south. Note that yellow metal could gain support of the 55-, 100- and 200-hour SMAs. Economic Calendar Analysis This week there are a couple of US data releases on the economic calendars that are shown as high impact. Today, the US ADP Non-Farm
During Thursday morning, the USD/JPY currency pair reversed south from the monthly PP at 106.70. It is unlikely that the pair could drop lower than the 106.00 mark due to the support of the 55-, 100- and 200-hour SMAs. Economic Calendar This week there are a couple of US data releases on the economic calendars that are shown as high impact. Today, the US
During Thursday morning, the GBP/USD exchange rate was trading at the 1.2250 level. The rate could consolidate in the short run, as it is squeezed by 200-hour SMA and the weekly R1. British Pound depreciates on Brexit tensions On Monday, September 2, the British Pound depreciated 105 pips or 0.86% against the US Dollar. Note, that the Pound also depreciated against other major
During Thursday morning, the EUR/USD currency pair was testing the resistance level formed by the 200-hour SMA and the weekly PP at 1.1041. If the given resistance holds, a reversal south could occur soon. Also, the pair could consolidate near the given resistance. US employment data set on focus This week there are a couple of US data releases on the economic calendars that
Yesterday, the price for gold re-tested the psychological level at 1,550.00. During today's morning, the XAU/USD exchange rate declined to the support cluster formed by the 55-, 100- and 200-hour SMAs. If it holds, yellow metal could add to gains against the Greenback. Economic Calendar Analysis This week there are a couple of US data releases on the economic calendars that are shown
During Wednesday morning, the USD/JPY currency pair was testing the resistance formed by the 100-hour moving average at 106.24. If the given resistance holds, it is likely that bears could prevail in the market in the short run. Economic Calendar This week there are a couple of US data releases on the economic calendars that are shown as high impact. On Thursday, the
During Wednesday morning, the GBP/USD currency pair showed some signs of recovery. However, note that the pair is pressured by the 200-hour moving average, thus, a reversal south could occur. British Pound depreciates on Brexit tensions On Monday, September 2, the British Pound depreciated 105 pips or 0.86% against the US Dollar. Note, that the Pound also depreciated against other major currencies.
During Wednesday morning, the EUR/USD currency pair surpassed the 1.1000 level.Given that the pair is supported by the 100-hour moving average, it is likely that some upside potential could prevail in the short run. US employment data set on focus This week there are a couple of US data releases on the economic calendars that are shown as high impact. On Thursday, the US
The analysis of Dukascoin is a combination of technical and fundamental analysis. Namely, the daily candle chart and market depth are analysed to look for support and resistance levels. Daily Candle Chart By looking at the daily candle chart, one first spots that the 0.7300 level acted as support in August. Moreover, that level's support was strong enough to cause the surge,
As apparent on the chart, yellow metal is still squeezed by the 100- and 200-hour moving averages. Thus, it is likely that gold could consolidate against the US Dollar within the following trading session. If the given resistance does not hold, bulls could prevail in the market.Economic Calendar Analysis This week there are a couple of US data releases on the economic
Since Monday, the US Dollar has been consolidating against the Japanese Yen. If the support formed by the 100- and 200-hour moving averages hold, it is likely that the USD/JPY currency pair could maintain its consolidation in the short term.Economic Calendar This week there are a couple of US data releases on the economic calendars that are shown as high impact. Today, at
During Tuesday morning, the GBP/USD exchange rate surpassed the psychological level at 1.2000. Bears could continue to prevail in the market, as the rate is pressured by the 55-, 100- and 200-hour moving averages. British Pound depreciates on Brexit tensions On Monday, September 2, the British Pound depreciated 105 pips or 0.86% against the US Dollar. Note, that the Pound also depreciated against
During Tuesday morning, the EUR/USD currency pair was trading at the 1.0940 level. Given that the pair is still pressured by the 55-, 100- and 200-hour moving averages, it is likely that some downside potential could prevail within the following trading day. US employment data set on focus This week there are a couple of US data releases on the economic calendars that are
In the near future, in this feed our readers will be able to read periodical analysis of Dukascoin. Dukascopy Analytics intends to publish reviews of the Online Chart of Dukascoin. If any of our reader have suggestions or any kind of feedback, feel free to write to [email protected].
As apparent on the chart, yellow metal is squeezed by the 55-, 100- and 200-hour moving averages.Thus, it is likely that gold could consolidate against the US Dollar within the following trading session. Economic Calendar Analysis This week there are a couple of US data releases on the economic calendars that are shown as high impact. On Tuesday, at 14:00 GMT the US
During Monday morning, the US Dollar appreciated slightly against the Japanese Yen, as the USD/JPY currency pair is supported by the 55-, 100- and 200-hour SMAs.It is likely, that the exchange rate could continue to recover. Important level to look out for is the weekly PP at 106.70. Economic Calendar This week there are a couple of US data releases on the
During today's morning, the GBP/USD exchange rate surpassed the support level - the weekly S1 at 1.2102. Given that the rate is pressured by the 55-, 100- and 200-hour moving averages, it is likely that some downside potential could prevail. Pound depreciates on possible Parliament suspension On Wednesday morning, August 28, the British Pound depreciated 129 pips or 1.05% against the US Dollar.
During Monday morning, the EUR/USD currency pair traded near the one-year minimum located at 1.0971. Given that the pair has been trading within the falling wedge pattern since the beginning of August, theoretically, it is likely, that a reversal north from the lower pattern line could occur.US employment data set on focus This week there are a couple of US data releases on
The yellow metal's price has declined, as the US Dollar is gaining value. The decline of the bullion was stopped on Thursday by the combined support of the 200-hour SMA and a pivot point at 1,521.60. Economic Calendar Analysis This week's data releases have ended. See the reports in the Fundamental Analysis section. In regards to the next week, there are a couple of
During a second attempt, the USD/JPY managed to break the resistance of the 200-hour SMA and surge above the 106.60 level. On Friday, the rate was trading below a pivot point that is located at 106.54. The rate was consolidating and expecting the support of hourly simple moving averages, which were set to push the rate higher. Economic Calendar This week's data releases
uring Friday's London morning trading hours, the GBP/USD was approaching the previously touched low level of 1.2160. In general, the rate was expected to be pushed down by simple moving averages through the 1.2160 level's support. Pound depreciates on possible Parliament suspension On Wednesday morning, August 28, the British Pound depreciated 129 pips or 1.05% against the US Dollar. The reason
A forecast decline occurred. On Friday morning, the EUR/USD had almost reached the 1.1030 level. The rate was pushed down by the hourly simple moving averages, as it as speculated on Thursday. In regards to the near term future, the rate is bound to test the support of the August low level at 1.1030. No more data releases this week This week's data releases
On Thursday morning, gold tested the 1,550.00 level, as it was expected on Wednesday, In general, the metal was expected to trade sideways below 1,550.00 until the hourly simple moving averages push it into the historical high level of 1,555.00. Economic Calendar Analysis On Thursday, at 12:30 GMT the US Preliminary GDP might impact the price of gold. XAU/USD short-term forecast In general,
The USD/JPY did not follow the previous forecast, as it broke the resistance of the 55 and 100-hour simple moving averages and two pivot points. The following surge has been testing the 106.20 level. At that level the 200-hour simple moving average was located throughout this week. Economic Calendar On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published.