The yellow metal has ended its sideways trading near the 1,950.00 level. The commodity price has surged and reached above the 2,000.00 level During Tuesday morning GMT hours, the metal had no resistance as high as the 2,056.09 level, where a monthly pivot point was located at. Economic Calendar Analysis Despite the t week having high impact events on the calendar, Dukascopy Analytics
The USD/JPY continued to decline sharply, as during Tuesday's GMT trading hours, the rate had reached the 105.40 level. Moreover, the most close by technical support level was located at 105.12, which indicates that the decline should continue. Economic Calendar Despite the week having high impact events on the calendar, Dukascopy Analytics do not expect notable macroeconomic data caused moves. First of all,
On Tuesday morning, the GBP/USD currency exchange rate passed the resistance of the weekly R1 simple pivot point at 1.3152. Moreover, afterwards the rate confirmed the technical level as a support. In regards to the future, the rate has no resistance as high as the 1.3215 level, where three levels could provide resistance. However, the 1.3200 mark could slow down
On Tuesday morning, the EUR/USD currency exchange rate reached the 1.1900 level, which was expected to be reached for more than a week. In addition, on Tuesday Dukascopy Analytics revealed an ascending channel pattern, which had been guiding the rate since August 11. Economic Calendar Analysis Despite the week having high impact events on the calendar, Dukascopy Analytics do not expect notable
Throughout August, the DUK+/EUR currency exchange rate has remained flat, as bulls and bears are at a stalemate. Daily Candle Chart On the technical daily candle chart, the daily simple moving averages are approaching one another, as the rate trades flat. Market Depth Market Depth reveals, where traders have set up buy and sell orders. The up to date data is published
On Monday, the yellow metal traded near the 1,950.00 level. In general, the commodity continued to consolidate after the recent high volatility. However, as the rate traded sideways, it passed the resistance of the 55 and 100-hour simple moving averages. Economic Calendar Analysis Despite the t week having high impact events on the calendar, Dukascopy Analytics do not expect notable macroeconomic data caused
On Monday, the USD/JPY pair passed the support of the weekly simple pivot point at 106.46. Next support to reach was the 200-hour SMA. In the meantime, it can be observed on the daily candle chart that the daily simple moving averages had provided resistance at the 107.00 level. Economic Calendar Despite the week having high impact events on the calendar, Dukascopy
Since late Friday trading hours, the GBP/USD has been testing support levels from 1.3080 to 1.3090. In regards to the near term future, the scenarios were based upon what would happen at the technical support cluster. Economic Calendar Despite the week having high impact events on the calendar, Dukascopy Analytics do not expect notable macroeconomic data caused moves. First of all, note that
During early Monday's trading hours, the EUR/USD attempted to pass the resistance near the 1.1860 level. Note that on Monday it was spotted that the 1.1865 mark is providing resistance not the 1.1860. In regards to the near term future, the rate could gain support of the hourly simple moving averages and pass the mentioned resistance level. Economic Calendar Analysis Despite the
Eventually, on Thursday, the commodity price managed to pass the resistance of the 1,950.00 mark and reach the 1,960.00 level. During Friday's trading hours, the price fluctuated between the 1,950.00 and 1,960.00 levels. In addition, the metal could be squeezed in between the support of the 55-hour SMA and the resistance of the 100-hour SMA. Economic Calendar Analysis The week will end with
As expected, the USD/JPY made another attempt to pass the resistance of the 107.00 level. Moreover, it made three attempts during Thursday's trading. All attempts failed. On Friday morning, the currency exchange rate declined and even passed the 55-hour simple moving average, which had been pushing the rate up since August 7. Economic Calendar The week will end with the US Retail
The surge of the GBP/USD reached the 1.3120 level before starting a decline back to the hourly simple moving averages. On Friday, the currency exchange rate was bouncing around between the support of the 55-hour SMA and the 200-hour SMA. Economic Calendar The week will end with the US Retail Sales data release on Friday at 12:30 GMT. Despite the next week having
The 1.1860 level stopped the EUR/USD pair's surge to the 1.1900 level. The rate retreated afterwards to find support in the 1.1800 level. On Friday morning, the rate fluctuated above the support of the 1.1800 mark, which consisted of the 55 and 200-hour SMAs and a weekly simple pivot point. Economic Calendar Analysis The week will end with the US Retail Sales
Since the middle of Wednesday's GMT trading hours, the yellow metal's price has remained below the 1,950.00 mark. In addition, on Thursday, the price remained below the 1,940.00 level, which was strengthened by the 55-hour simple moving average. Economic Calendar Analysis On Thursday, the US Unemployment Claims data might affect the market. The release is scheduled to 12:30 GMT. The week will end with
On Wednesday, the USD/JPY reached the target of the 107.00 mark. The 107.00 provided resistance and caused a retracement back down to the support of the 55-hour simple moving average. As previously, the SMA provided support and caused a surge. By the middle of Thursday's trading, the rate was heading back to the 107.00 level. Economic Calendar On Thursday, the US Unemployment
The recovery of the GBP/USD continues, as the rate was soon expected to reach the 1.3100 level. Moreover, the currency exchange rate had passed a strong resistance cluster from 1.3060 to 1.3080. On Thursday, the rate had no technical resistance as high as the weekly R1 simple pivot point at 1.3166. Economic Calendar On Thursday, the US Unemployment Claims data might affect
The resistance of the 1.1800 failed on Wednesday, as it was first pierced at mid-day and afterwards passed. In the future, the rate was expected to reach the 1.1900 level, where the next cluster of resistance was located at. Economic Calendar Analysis On Thursday, the US Unemployment Claims data might affect the market. The release is scheduled to 12:30 GMT. The week will
The decline of the yellow metal's price from recent historical high levels eventually exceeded 10%. Namely, the metal declined from 2,075.93 to 1,863.50. During Wednesday's early trading hours, the commodity price reached the 1,950.00 mark, which stopped a recovery of the metal. Economic Calendar Analysis On Wednesday, the US Core CPI and CPI data will be released at 12:30 GMT. On Thursday, the US
As forecast, the hourly simple moving averages gave the USD/JPY the needed strength to push through the 106.20 level. Namely, the 55-hour SMA caused a surge, which passed the resistance. By the middle of Wednesday's GMT trading hours, the rate had reached the resistance of a 38.20% Fiobnacci retracement level at 106.86. Economic Calendar On Wednesday, the US Core CPI and CPI
On Wednesday morning, the GBP/USD confirmed a medium scale channel up pattern. The pattern's lower trend line caused a surge to the technical resistance levels that were located near the 1.3070 mark. In theory, the pattern should cause a larger decline. However, there is a strong resistance cluster from 1.3070 to 1.3090. Economic Calendar On Wednesday, the UK GDP data, as well
On Tuesday, the EUR/USD failed to pass the resistance of the weekly simple pivot point and the 200-hour simple moving average at the 1.1800 level. On Wednesday, the pair had once again reached the support of the 1.1720 level. Economic Calendar Analysis On Wednesday, the US Core CPI and CPI data will be released at 12:30 GMT. On Thursday, the US Unemployment Claims
The rate eventually broke the resistance of the 2035.00 level and reached the 2050.00 mark. However, the 2050.00 stopped the surge and caused a decline. By the middle of Tuesday's GMT trading the metal's price had reached below the 2000.00 level and shortly traded at 1985.00. Economic Calendar Analysis On Tuesday, the US Core PPI and PPI data are going to be released
During Tuesday's European trading hours, the USD/JPY once again tested the resistance of the 106.20 level. The attempt was caused by a surge, which started from the 55-hour simple moving average. In the near term future, it was forecast that the SMA could push the rate through the 106.20 level. Economic Calendar On Tuesday, the US Core PPI and PPI data are
On Monday, the rate passed the resistance of the 200-hour SMA and the weekly simple pivot point near the 1.3075 level. Afterwards, the rate was pushed down by the combined resistance of the 55 and 100-hour SMAs at 1.3100. By the middle of Tuesday's GMT trading hours, the rate remained below the 1.3100 mark. Economic Calendar On Tuesday, the US Core PPI