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Wed, 21 Oct 2020 11:27:15 GMT

USD/JPY drops below 105.00

The USD/JPY surged on Tuesday morning, as it was expected. However, the rate found resistance in 105.75. Afterwards, a decline started, which eventually dropped below all technical support levels. Moreover, on Wednesday morning, a fundamental drop occurred, which stopped just above the 104.80 mark. A report on the drop is expected to be published in the Expert Commentary section after

Wed, 21 Oct 2020 11:04:44 GMT

GBP/USD jumps on CPI

The GBP/USD broke the wedge pattern in a major sharp fundamental move that was caused by the release of the UK Consumer Price Index. By the middle of Wednesday's European trading hours, the GBP/USD currency pair was trading in limbo around the weekly R1 simple pivot point in the range from 1.3040 to 1.3060. The British Pound appreciated against the US

Wed, 21 Oct 2020 09:37:32 GMT

EUR/USD surge aims at 1.1900

The EUR/USD found support in the 200-hour simple moving average on Tuesday morning and immediately started a surge. The surge of the rate passed one resistance level after another. On Wednesday morning, the currency exchange rate had already touched the 1.1870 mark. Economic Calendar Analysis Data releases start on Thursday. On that day the weekly US Unemployment Claims will be out at

Tue, 20 Oct 2020 10:53:10 GMT

Gold remains below 1,915.00

On Monday, the yellow metal pierced the resistance of the 1,915.00 level. However, this event was not followed by a surge, as the rate declined back down to the 1,900.00 level. On Tuesday, the commodity price fluctuated above the 1,900.00 level. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT. On Friday, the US Markit Flash Services

Tue, 20 Oct 2020 10:26:28 GMT

USD/JPY trades above 105.50

On Tuesday morning, the USD/JPY currency exchange rate reached above the 105.50 level and began to trade sideways between 105.50 and 105.60. In the near term future, the currency exchange rate was expected to surge, as soon as the 55 and 100-hour simple moving averages approach the pair. Economic Calendar On Thursday, the weekly US Unemployment Claims will be out at 12:30

Tue, 20 Oct 2020 09:59:02 GMT

GBP/USD reaches target

As expected, the GBP/USD traded the resistance of the monthly pivot point at 1.3028. The pair did not manage to pass this resistance and declined back to the 1.2920 level. In the meantime, the recent bounce off from resistance revealed a new pattern on the hourly candle chart. Economic Calendar On Wednesday, at 06:00 GMT the UK Consumer Price Index release could

Tue, 20 Oct 2020 09:31:55 GMT

EUR/USD reaches 1.1800

Various resistance levels failed to keep the EUR/USD pair down, as by mid-Monday the rate had reached the 1.1790 level. On Tuesday morning, the currency exchange rate had consolidated by retreating and trading sideways near 1.1700. Afterwards, it found support in the 200-hour SMA and resumed the surge. Economic Calendar Analysis Data releases start on Thursday. On that day the weekly US

Mon, 19 Oct 2020 14:24:59 GMT

DUK+/EUR can move sharply

Throughout the last week, the DUK+/EUR currency exchange rate retreated below the 55 and 100-day simple moving averages that were located at 1.5800 and 1.5600. In the meantime, it was spotted this Monday that both buy and sell order clusters had moved away from the exchange rate. Due to that reason an influx of buying or selling could suddenly move the

Mon, 19 Oct 2020 11:11:24 GMT

Gold trades sideways

Since Friday morning, the yellow metal's price has fluctuated between the support of the 1,900.00 level and the resistance of the 1,915.00 mark. By the middle of Monday's GMT trading hours, the currency exchange rate was had surged up and was expected to test the 1,915.00 mark. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT. On

Mon, 19 Oct 2020 10:21:43 GMT

USD/JPY remains near previous levels

On Monday, the USD/JPY currency exchange rate was testing the combined support of the 55 and 100-hour simple moving averages and a monthly pivot point at 105.35. In the meantime, the rate faced the resistance of the weekly simple pivot point at 105.44 and the psychological resistance of the 105.50 mark. Economic Calendar On Thursday, the weekly US Unemployment Claims will be

Mon, 19 Oct 2020 09:02:36 GMT

GBP/USD jumps on Monday

On Monday morning, the GBP/USD broke the resistance levels that were located from 1.2940 to 1.2960. This resulted in a sharp surge that by 09:00 GMT managed to reach above the 1.3000 mark. In the near term future, the rate was expected to test the monthly pivot point at 1.3028 and the weekly R1 pivot point at 1.3049. Economic Calendar On

Mon, 19 Oct 2020 08:40:19 GMT

EUR/USD remains above 1.1700

On Monday morning, the EUR/USD once again found support in the 61.80% Fibonacci retracement level at 1.1707. It resulted in a surge, which was expected to test the 1.1740 level. Note that the near term future would depend on whether the 1.1740 mark hold the rate down. Economic Calendar Analysis Data releases start on Thursday. On that day the weekly US Unemployment

Fri, 16 Oct 2020 11:30:13 GMT

Gold remains near 1,900.00

On Friday morning, the rate returned to trade above the 1,900.00 level. Namely, the commodity price was fluctuating between the 1,905.00 and 1,910.00 levels. In the near term future, the metal was expected to continue to respect round price levels. Economic Calendar Analysis On Friday, the US Retail Sales data is capable of causing slight increases of above normal volatility. However, in most

Fri, 16 Oct 2020 11:14:22 GMT

USD/JPY is near previous level

On Friday, the USD/JPY traded near the 105.20/105.30 zone. In the meantime, the rate had showed that it was not impacted by the 55 and 100-hour simple moving averages. Economic Calendar On Friday, the US Retail Sales data is capable of causing slight increases of above normal volatility. However, in most cases the market barely reacts to this data. Namely, there

Fri, 16 Oct 2020 10:53:58 GMT

GBP/USD tests SMAs

On Friday morning, the GBP/USD was heading for the resistance of the 55 and 200-hour simple moving averages that were located above the 1.2950 mark. In the near term future, the rate was expected to test these technical levels. Economic Calendar On Friday, the US Retail Sales data is capable of causing slight increases of above normal volatility. However, in most cases

Fri, 16 Oct 2020 10:35:53 GMT

EUR/USD trades near 1.1700

On Thursday, the EUR/USD eventually managed to pierce the support of the 1.1707 level, where a 61.80% Fibonacci retracement level was located at. However, it did not result in a larger decline, as the 1.1690 level provided support. By the middle of Friday's GMT trading hours, the rate was trading sideways near 1.1700. Economic Calendar Analysis On Friday, the US Retail

Thu, 15 Oct 2020 11:42:35 GMT

Gold remains below 1,900.00

Despite passing technical levels that were located from 1,904.00 to 1,910.00, the yellow metal's price did not surge, as it was expected. Instead, the rate declined back below 1,900.00. On Thursday morning , the price appeared to be kept down by the resistance of the 55 and 200-hour simple moving averages. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims will be

Thu, 15 Oct 2020 11:09:16 GMT

USD/JPY bounces off Fibonacci

The USD/JPY reached the 23.60% Fibonacci retracement level at 105.03, as it was expected. Afterwards, the Fibo caused a surge, which retraced back up to the resistance of the pivot point and 55-hour SMA near 105.35. Economic Calendar On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT. Since September, the publication caused moves of 4.2 to 14.8 pips. On

Thu, 15 Oct 2020 10:49:32 GMT

GBP/USD retraces back down

In the aftermath of Wednesday's sharp surge, the GBP/USD began a retracement back down. By the middle of Thursday's GMT trading hours, the rate had reached the 1.2940 level. On Wednesday, October 14, the British Pound extended gains against the US Dollar. The GBP/USD exchange rate gained 1.39%. It is likely that the Pound has been appreciating, as the

Thu, 15 Oct 2020 10:25:31 GMT

EUR/USD reaches Fibo at 1.1707

The resistance of the 200-hour SMA kept the rate down on Wednesday until the 55-hour SMA approached and caused a drop. On Thursday morning, the rate's drop reached the support of the 61.80% Fibonacci retracement level at 1.1707. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT. The EUR/USD has started to ignore this

Wed, 14 Oct 2020 15:04:19 GMT

Dukascoin trades flat

In the aftermath of the jump to the 1.1950 the DUK+/EUR exchange rate has been trading flat since October 8 in the 1.5600/1.5800 zone. In the meantime, it was spotted that there are no close by significant sell order clusters. Daily Candle Chart On the daily candle chart, the rate is squeezed in between the 55 and 100-day simple moving averages. In the

Wed, 14 Oct 2020 14:20:50 GMT

Gold breaks resistance levels

After once again finding support in the 1,885.00 level, the yellow metal's price has resumed its surge. Moreover, at Wednesday noon, the price passed technical resistance levels that were located from 1,905.00 to 1,910.00. In the near term future, the metal was expected to continue to surge and test the resistance of 1,925.00 and 1,930.00. Economic Calendar Analysis On Thursday, the weekly US

Wed, 14 Oct 2020 14:00:52 GMT

USD/JPY drops below pivots

At mid-day on Wednesday, the USD/JPY currency exchange rate dropped below the pivot points that had kept it up throughout this week. In the near term future, the currency exchange rate was expected to reach for the 105.00 mark, where a 23.60% Fibonacci retracement level was located at. Economic Calendar On Thursday, the weekly US Unemployment Claims will be out at 12:30

Wed, 14 Oct 2020 13:39:43 GMT

GBP/USD jumps 150 pips

On Wednesday, it was announced that the Prime Minister of the United Kingdom Boris Johnson would prolong the deadline of the UK and EU trade talks. The announcement caused a 150 pip surge. A detailed report was set to be published in the Expert Commentary section. Economic Calendar On Thursday, the weekly US Unemployment Claims will be out at 12:30 GMT.

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