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Fri, 25 Sep 2020 10:17:26 GMT

USD/JPY remains below 105.50

By the middle of Friday's GMT trading hours, the USD/JPY remained below the resistance of the 105.50 level. Moreover, the approach of the 55-hour simple moving average did not cause a surge of the pair. In the near term future, the currency exchange rate was expected to remain below the 105.50 mark. Economic Calendar On Wednesday, at 12:15 GMT the ADP

Fri, 25 Sep 2020 09:43:50 GMT

GBP/USD passes 55-hour SMA

The 55-hour SMA failed to continue to push the GBP/USD down. Late on Thursday, the resistance level was passed. Moreover, on Friday, the currency exchange rate reached the resistance of the weekly S1 simple pivot point at 1.2797. Economic Calendar The week will start with a long forgotten data release. The UK quarterly GDP is scheduled to be published on

Fri, 25 Sep 2020 08:06:25 GMT

EUR/USD breaks 55-hour SMA

Late on Thursday, the EUR/USD found support in the 1.1640 level and began a surge. On Friday morning, the rate passed the resistance of the 55-hour SMA, which had pushed the rate down for the whole week. In the near term future, the recovery of the EUR/USD could reach the 1.1700 level. Economic Calendar Analysis On Wednesday, at 12:15 GMT the ADP

Thu, 24 Sep 2020 14:12:53 GMT

Gold reaches 1,850.00

The drop of the yellow metal's price continued on Thursday, as the bullion reached the support of the 1,850.00 level. In the near term future, the rate was expected to finish trading sideways and resume its decline. Economic Calendar Analysis The week will end with a possible minor move from the US Durable Goods Orders at 12:30 GMT. Click on the link below to

Thu, 24 Sep 2020 13:48:34 GMT

USD/JPY reaches 105.50 level

On Thursday, the USD/JPY traded in limbo around the 105.40 level. The pair was kept there by the resistance of the 105.50 mark. The rate was expected to continue to trade sideways until it would be approached by the support of the 55-hour simple moving average. Economic Calendar The week will end with a possible minor move from the US Durable Goods

Thu, 24 Sep 2020 08:21:00 GMT

GBP/USD is squeezed in

On Wednesday, the GBP/USD currency exchange rate recovered, as better than expected Purchasing Managers Index results were published. The recovery eventually reached the resistance of the 55-hour simple moving average, which kept the rate down. On Thursday morning, the pair traded between the support of the 1.2700 level and the 55-hour SMA at 1.2745. Economic Calendar On Thursday, as accustomed, at 12:30

Thu, 24 Sep 2020 07:46:17 GMT

EUR/USD decline reaches 1.1650

The decline of the EUR/USD currency exchange rate has continued, as on Thursday morning the pair traded near the 1.1650 mark. Moreover, the rate had no technical support as low as the 1.1600 level, which was strengthened by two simple pivot points. Economic Calendar Analysis On Thursday, as accustomed, at 12:30 GMT, the US weekly Unemployment Claims could cause a move. The

Wed, 23 Sep 2020 10:12:08 GMT

Gold trades below 1,900.00

Throughout Tuesday, the 1,900.00 level was providing the yellow metal with support. During the morning hours of Wednesday's GMT trading, the price dropped below the 1,900.00 level. In the near term future, it appeared that the price would decline, as it has finished consolidating by trading sideways. Economic Calendar Analysis On Wednesday, at 13:45 the US PMIs will be released. On Thursday, as accustomed,

Wed, 23 Sep 2020 10:02:34 GMT

USD/JPY reaches above 105.00

The rate broke out of the recent squeeze to the upside. By the middle of Wednesday's GMT trading hours, the pair had reached and tested the resistance of the 200-hour simple moving average at 105.20 level. Future forecasts were based upon whether the 200-hour SMA manages to keep the USD/JPY rate down. Economic Calendar Throughout the whole day the Markit institute is

Wed, 23 Sep 2020 09:10:29 GMT

GBP/USD continues decline

On Wednesday morning, the GBP/USD was piercing one by one the technical support levels of the cluster of levels that was spread out from 1.2700 to 1.2675. As the rate continued to be beat down by the weakness of the GBP caused by an increase of coronavirus measures, the rate was expected to reach even lower levels. Economic Calendar Wednesday is a

Wed, 23 Sep 2020 08:26:22 GMT

EUR/USD drops below 1.1700

As forecast, the EUR/USD reached the 1.1700 level. Moreover, after trading sideways throughout the second half of Tuesday, at midnight GMT, the rate dropped to the 1.1680 level, which provided support. In the near term future, the rate was expected to consolidate until the hourly simple moving averages catch up and push the pair down. Economic Calendar Analysis Wednesday is a major

Tue, 22 Sep 2020 10:06:53 GMT

Gold drops below 1,900.00

As expected, the yellow metal's price continued its decline on Monday. However, the bullion passed all expectations, as it tumbled down to trade below the 1,890.00 level. On Tuesday, the bullion was trading above the 1,900.00 mark. Economic Calendar Analysis Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services

Tue, 22 Sep 2020 09:35:29 GMT

USD/JPY trades between SMAs

After the sharp surge that was experienced on Monday, the USD/JPY currency exchange rate began to trade between the resistance of the 100-hour SMA and the support of the 55-hour simple moving average. On Tuesday morning, the SMAs were located at 104.70 and 104.50. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit

Tue, 22 Sep 2020 09:24:08 GMT

GBP/USD reveals pattern

The decline of the GBP/USD continued throughout Monday. Moreover, on Tuesday morning, the currency exchange rate pierced the 1.2750 level and shortly touched the 1.2714 level. In the meantime, it was spotted that the rate faced the resistance of the monthly S2 simple pivot point at 1.2835 level. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole

Tue, 22 Sep 2020 08:38:09 GMT

EUR/USD drop continues

Late on Monday, the lower trend line of the channel up pattern paused the rate's sharp decline and caused a retracement back up. However, on Tuesday morning, the pair was back at the support of the pattern and it pierced through it. In regards to the near term future, the pair was expected to test the support of the 1.1700

Mon, 21 Sep 2020 14:29:00 GMT

DUK+/EUR is above technical levels

As the DUK+/EUR approached the 1.7000 level, a sell off began, which found support in the combination of the 55 and 100-day simple moving averages. In the near term future, the rate was expected to trade sideways in a wide range. Daily Candle Chart On the daily candle chart the pair has left below it the daily simple moving averages. Namely, the

Mon, 21 Sep 2020 12:23:01 GMT

Gold drops to 1,930.00

On Monday morning, the yellow metal's price passed the support of the channel down pattern and reached the 1,930.00 level. This round price level provided support to the commodity price and the bullion began to trade sideways between 1,930.00 and 1,935.00. In the near term future, the price was expected to continue its decline. Economic Calendar Analysis Wednesday is a major day for

Mon, 21 Sep 2020 12:10:39 GMT

USD/JPY reaches 104.00 level

On Monday, the decline of the USD/JPY continued, as the pair reached the 104.00 level. This level provided support and caused a pause of the decline. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The indices are the result of a

Mon, 21 Sep 2020 11:51:50 GMT

GBP/USD drops on fundamentals

As the media revealed that the government of the United Kingdom was considering a reinstatement of the coronavirus lockdown, the GBP/USD plummeted. On Monday morning, the drop was stopped by the support of a monthly pivot point at 1.2835. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish

Mon, 21 Sep 2020 09:39:27 GMT

EUR/USD drops on Monday

On Monday, the EUR/USD failed at its third attempt to pass the resistance of the pivot point at 1.1867. The sudden decline was consistent with the German announcement that the country's government debt would reach 80% of GDP, which is the same level as in the aftermath of the financial crash. Economic Calendar Analysis Wednesday is a major day for other

Fri, 18 Sep 2020 10:36:17 GMT

Gold trades above 1,950.00

The XAU/USD exchange rate revealed a short-term descending channel. From a theoretical point of view, it is likely that the rate could trade within the given channel. Economic Calendar Analysis Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The indices are the result of a

Fri, 18 Sep 2020 10:28:48 GMT

USD/JPY is below 104.50

The USD/JPY currency pair remains to be below the 55-hour moving average near 104.90. Thus, it is likely that some downside potential could prevail in the market. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The indices are the result of a

Fri, 18 Sep 2020 10:22:19 GMT

GBP/USD tests 1.3000 level

The GBP/USD currency exchange rate remains to trade below the psychological level at 1.3000. It is likely that the rate could gain support from the 55-hour SMA and trade upwards. Economic Calendar Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The indices are the

Fri, 18 Sep 2020 10:10:25 GMT

EUR/USD remains below 1.1900

The EUR/USD currency pair has revealed a medium-term descending channel. From a theoretical perspective, it is likely that the pair could reverse south from the upper channel line in the nearest future. Economic Calendar Analysis Wednesday is a major day for other data releases. Throughout the whole day the Markit institute is set to publish Manufacturing and Services Purchasing Managers Indices. The

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