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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.

Wed, 14 Oct 2020 13:00:02 GMT

EUR/USD breaks pattern

The EUR/USD broke the channel up pattern in a sharp move during Tuesday's GMT trading hours. On Wednesday, the rate traded sideways before starting a retracement back up. 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 release since the middle of September. Since then, the publication

Mon, 12 Oct 2020 10:26:27 GMT

Gold finds resistance in 1,930.00

The most recent surge of the yellow metal found resistance in a round price level. Namely, the 1,930.00 price mark stopped the metal's surge. During Monday's European trading hours, the commodity price was expected to consolidate by trading sideways or declining. Economic Calendar Analysis The week's notable events are set to start on Tuesday. At 12:30 GMT, the US Consumer Price Index could

Mon, 12 Oct 2020 09:57:55 GMT

USD/JPY traders profit

On Friday, the rate failed to recover, as the 55-hour SMA provided resistance and caused a decline below the 100-hour SMA. On Monday morning, the decline continued, as the rate had reached the 105.45 level. In addition, the rate had no technical support as low as 105.34. Economic Calendar The week's notable events are set to start on Tuesday. At 12:30

Mon, 12 Oct 2020 09:36:18 GMT

GBP/USD bounces off trend line

On Monday morning, the GBP/USD bounced off the resistance of the channel up pattern and passed the support of the monthly pivot point at 1.3028. In the near term future, the pair was expected to reach for the support of the weekly simple pivot point and the 55-hour simple moving average near 1.2980. Economic Calendar The week's notable events are set to

Mon, 12 Oct 2020 09:03:44 GMT

EUR/USD respects pattern

On its fourth attempt on Friday, the EUR/USD passed the resistance of the monthly pivot point at 1.1782. This event resulted in a surge that reached the upper trend line of the channel up pattern near 1.1830. On Monday, the rate started the week's trading by fluctuating sideways near the 1.1820 mark. Economic Calendar Analysis The week's notable events are set

Fri, 09 Oct 2020 09:23:52 GMT

Gold surges on Friday

On Friday morning, the yellow metal's price was once again heading to the resistance of the 1,920.00 mark. In the case of this level being passed, the price would test each round price level as a resistance, as there are no technical resistance levels above the 1,920.00 mark as far as 1,970.00. Economic Calendar Analysis The week's notable events are set to start

Fri, 09 Oct 2020 09:04:13 GMT

USD/JPY slightly drops on Friday

The USD/JPY ended trading flat at the 106.00 level at GMT midnight between Thursday and Friday. The rate drooped to the support of the 100-hour simple moving average at the 105.80 level, from which it began a recovery. Economic Calendar The week's notable events are set to start on Tuesday. At 12:30 GMT, the US Consumer Price Index could cause a noteworthy

Fri, 09 Oct 2020 08:12:08 GMT

GBP/USD is at previous level

The speech of the Governor of the Bank of England Bailey on Thursday morning caused a decline of the GBP/USD. However, the decline was stopped by the lower trend line of the channel up pattern and a pivot point at 1.2890. On Friday morning, the rate had returned to the 1.2960 level and once again had no resistance as high

Fri, 09 Oct 2020 07:48:46 GMT

EUR/USD remains below pivot point

On Friday morning, the EUR/USD once again failed to pass the resistance of the monthly pivot point at 1.1782. In the meantime, take into account that on Thursday the rate had retreated to the lower trend line of the channel up pattern and the 200-hour simple moving average. Economic Calendar Analysis The week's notable events are set to start on Tuesday. At

Thu, 08 Oct 2020 09:50:30 GMT

Gold tests resistance levels

On Thursday, the yellow metal traded below the 1,900.00 level. In the meantime, the rate appeared to be finding support in the 1,885.00 level. In regards to the near term future, the chart of the commodity price could be impacted by the 55 and 100-hour simple moving averages. Economic Calendar Analysis On Thursday, as always the US Unemployment Claims at 12:30 GMT might

Thu, 08 Oct 2020 08:50:05 GMT

USD/JPY trades around 106.00

Since Wednesday morning, the USD/JPY currency exchange rate has been fluctuating around the 106.00 level. It was spotted that the rate had the support of the 105.94 level and the resistance of 106.09. The rate could continue to trade sideways until it is approached by the hourly simple moving averages, which caused the breaking of the pivot point at 105.77. Economic

Thu, 08 Oct 2020 08:31:28 GMT

GBP/USD once again tests 1.3000 level

Despite piercing the lower trend line of a channel up pattern on Wednesday, the rate managed to find support at 1.2850 and surge. During Thursday's European morning trading hours, the currency exchange rate had passed the resistance of two SMAs and was surging above the 1.2950 level. Economic Calendar On Thursday, as always the US Unemployment Claims at 12:30 GMT might cause

Thu, 08 Oct 2020 08:06:52 GMT

EUR/USD respects monthly pivot point

On Wednesday and Thursday, the EUR/USD pair's recovery was stopped by the resistance of the simple monthly pivot point at 1.1782. Previously, during the week, this pivot point was not making an impact on the rate. In regards to the near term future, the rate was expected to trade sideways between 1.1760 and 1.1780. Economic Calendar Analysis On Thursday, as always, the

Wed, 07 Oct 2020 10:34:49 GMT

Gold is between daily chart's Fibos

Eventually, the yellow metal's price bounced off the resistance of the 1,920.00 level. The event was followed by a decline to the 1,875.00 mark. On Wednesday morning, the commodity price was recovering and approached the 1,900.00 level. Economic Calendar Analysis On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00 GMT. This is a publication of the minutes without a

Wed, 07 Oct 2020 10:18:45 GMT

USD/JPY jumps on Wednesday

The USD/JPY broke the resistance of the weekly R1 simple pivot point at 105.77 on Wednesday morning. This resulted in a surge that reached above the 106.00. In the near term future, the rate was set to test the weekly R2 simple pivot point at 106.22. Economic Calendar On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00

Wed, 07 Oct 2020 09:40:01 GMT

GBP/USD reveals pattern

The main update in regards to the GBP/USD was the reveal of a channel up pattern, which has guided the rate since the end of September. In the meantime, note that the rate was being impacted by the hourly simple moving averages. Economic Calendar On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00 GMT. This is a publication

Wed, 07 Oct 2020 09:17:03 GMT

EUR/USD aims at 1.1800

Despite initially appearing that the EUR/USD broke the channel up pattern on Wednesday morning, additional research found that the absolute low levels of October 2 need to be used to set the lower trend line of the pattern. Namely, the pattern is wider than previously thought and has held. In the meantime, on Wednesday morning, the rate bounced off the

Tue, 06 Oct 2020 09:32:34 GMT

Gold ignores technical levels

On Tuesday morning, the yellow metal's price fluctuated between the 1,910.00 and 1,915.00 levels. The rate had surged on Monday after finding support in 1,890.00. In regards to the future, the rate had no technical resistance and could surge. Economic Calendar Analysis On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00 GMT. This is a publication of the minutes

Tue, 06 Oct 2020 09:15:00 GMT

USD/JPY has two scenarios

On Tuesday morning, the USD/JPY declined to the combined support of three hourly simple moving averages at the 105.50 mark. Future forecasts were based upon what would happen at this level. Economic Calendar On Wednesday, note that some calendars show the FOMC Meeting Minutes at 18:00 GMT. This is a publication of the minutes without a rate statement. In the past,

Tue, 06 Oct 2020 08:52:51 GMT

GBP/USD tests 1.3000 mark

The surge of the GBP/USD encountered the resistance of the 1.3000 level. On Tuesday morning, the rate bounced off this level and retreated to 1.2960. In the near term future, the pair was expected to be approached by the additional support of the 55 and 100-hour simple moving averages, which could cause a surge. Economic Calendar On Wednesday, note that some calendars

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