Trading Ideas

Tue, 26 May 2020 10:23:55 GMT

EUR/USD skyrocketed to 1.0960

During Tuesday morning, the EUR/USD currency pair skyrocketed to 1.0960. Given that the pair is supported by the 100-hour SMA, it is likely that some upside potential could prevail in the market. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each

Mon, 25 May 2020 09:58:22 GMT

Gold remains below 1,740.00

On Monday morning, the XAU/USD exchange rate pierced the lower line of the rising wedge pattern. Given that yellow metal is pressured by the 55-, 100- and 200-hour moving averages, it is likely that a breakout south could occur in the nearest future. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. At 12:30 on

Mon, 25 May 2020 09:49:20 GMT

USD/JPY raised to 107.70

Despite having no resistance, the USD/JPY currency pair managed to raise to 107.70. On Monday morning, the pair consolidated at the given level. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each one of these data sets on their own can

Mon, 25 May 2020 09:42:36 GMT

GBP/USD consolidated at 1.2180

Since Friday, the GBP/USD exchange rate has been trading sideways in the 1.2180. Given that the rate is pressured by the 55-, 100- and 200-hour SMAs, it is likely that some downside potential could prevail in the market. Economic Calendar This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US

Mon, 25 May 2020 09:35:41 GMT

EUR/USD trades below 1.0920

The EUR/USD currency pair failed to surpass the support formed by the Fibo 23.60% and the 200-hour SMA at 1.0890. It is likely that the pair could consolidate within the following trading session. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US data sets will be published. Each

Fri, 22 May 2020 11:35:13 GMT

Gold respects pattern's support

The yellow metal's price bounced off the supporting trend line of a rising wedge pattern. By the middle of Friday's London trading hours, the pair had broken the resistance of the 200-hour SMA below 1,730.00 and reached the 55 and 100-hour SMAs near 1,740.00. Economic Calendar Analysis Next week, there is one notable time to watch the economic calendar. At 12:30 on

Fri, 22 May 2020 11:21:30 GMT

USD/JPY breaks pattern

Despite having no resistance, the USD/JPY did not surge on Thursday. Instead, it retreated to the lower trend line of a rising wedge pattern, which eventually was broken. On Friday morning, the rate had bounced off the support of the 200-hour SMA below 107.40 and traded near 107.50. Economic Calendar Next week, there is one notable time to watch the economic calendar.

Fri, 22 May 2020 11:01:19 GMT

GBP/USD has no support

The resistance of the SMAs held on Thursday. Moreover, by the middle of Friday's trading, the pair had declined below the 38.20% Fibo at 1.2190. In addition, on Friday, the pair had no technical resistance as low as 1.2000. Economic Calendar Next week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various

Fri, 22 May 2020 10:19:44 GMT

EUR/USD traders gain profits

The resistance of the 1.1000 held a second time on Thursday. Afterwards, a decline occurred. By the middle of Friday's GMT trading hours, the EUR/USD pair had dropped by a hundred pips, as it had reached the 1.0900 mark. Economic Calendar Analysis Next week, there is one notable time to watch the economic calendar. At 12:30 on Thursday, a group of various US

Thu, 21 May 2020 12:42:55 GMT

Gold declines on Thursday

After trading sideways around the 1,750.00 level, the yellow metal's price declined. On Thursday, the decline reached the 1,731.75 level, where it found support and began a recovery. Economic Calendar Analysis This week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45 GMT. It could affect gold prices through the strength of the

Thu, 21 May 2020 12:15:53 GMT

USD/JPY bounces off 107.40

On Wednesday, the USD/JPY reversed its direction at the combined support of the 100-hour SMA and the lower trend line of a wedge pattern near 107.40. By the middle of Thursday's GMT trading hours, the pair had surged and passed three technical resistance levels. Moreover, the rate had no more resistance as high as 108.00. Economic Calendar Markit is going to publish

Thu, 21 May 2020 11:58:17 GMT

GBP/USD remains above 1.2200

On Thursday morning, the GBP/USD found support in the 38.20% Fibonacci retracement level at the 1.2190 level. By mid-day the rate was testing the combined resistance of the 55 and 200-hour simple moving averages at 1.2240. Future forecasts were based upon what would happen at this level. UK Purchasing Manager's Indices The British Pound traded sideways against the US Dollar, following

Thu, 21 May 2020 09:43:42 GMT

EUR/USD reaches 1.1000 mark

On Wednesday, the EUR/USD eventually managed to reach the 1.1000 level. The 1.1000 provided resistance and caused a decline, which found support at 1.0952. On Thursday, it was expected that the pair would once again test the resistance of the 1.1000 mark. Economic Calendar Analysis Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45

Wed, 20 May 2020 12:19:34 GMT

Gold finds support in SMA

As speculated on Tuesday, the approaching of the support of the 100-hour SMA provided the needed strength for the yellow metal's price to surge. By the middle of Wednesday's GMT trading hours, the commodity price had reached above the 1,750.00 level. Economic Calendar Analysis This week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at

Wed, 20 May 2020 12:03:35 GMT

USD/JPY reaches target

The USD/JPY reached the 108.00 mark, which held its ground and caused a decline of the pair. In fact, the pair made two attempts to pass the 108.00 level and failed. By mid-day GMT trading hours on Wednesday, the rate had declined to the support of the 55-hour simple moving average at the 107.55 level. Economic Calendar Markit is going to publish

Wed, 20 May 2020 11:16:03 GMT

GBP/USD bounces off 1.2292

Since the start of Monday's GMT trading, the GBP/USD had surged to the pivot point at 1.2292. The rate bounced off this level late on Wednesday and retreated to find support in the cluster of technical levels at 1.2220. On Wednesday, the rate was expected to once again test the resistance of the pivot point at 1.2292. Economic Calendar On Thursday, the

Wed, 20 May 2020 09:46:04 GMT

EUR/USD bounces off 100-day SMA

The surge of the EUR/USD on Tuesday was stopped by the resistance of the 1.0970 level, which caused a decline back to the 1.0920 mark. By mid-day on Wednesday, the rate traded between the 1.0940 and 1.0950 levels. Economic Calendar Analysis Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45 GMT. Additionally, the German

Tue, 19 May 2020 13:02:13 GMT

Gold trade sideways

Since the bounce off from the 1,765.00 level on Monday, the yellow metal has been trading between 1,730.00 and 1,740.00. However, on Tuesday the situation could change, as the rate was approached by the support of the 100-hour simple moving average. Economic Calendar Analysis This week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at

Tue, 19 May 2020 12:40:59 GMT

USD/JPY aims at 108.00

At mid-day on Tuesday, the USD/JPY pierced the last resistance levels before the 108.00 mark. The rate was expected to surge up to that level. However, the rate is overbought, as indicated by the far below the rate left hourly simple moving averages. Economic Calendar Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at

Tue, 19 May 2020 11:14:16 GMT

GBP/USD traders take profits

During Tuesday's morning GMT trading hours, the GBP/USD currency exchange rate reached the 1.2260 level. Afterwards, this level began to provide resistance. In regards to the near term future, the rate was set to test the 1.2260, which would be strengthened by the 200-hour SMA. Economic Calendar This week, most macroeconomic data releases that would impact the GBP/USD are expected to come

Tue, 19 May 2020 10:37:31 GMT

EUR/USD sharply surges

On Monday, the EUR/USD surged up to the 1.0920 level, where it traded sideways until Tuesday morning. On Tuesday morning, the pair reached the 1.0950 level. If the rate would manage to pass resistance levels at 1.0950, it could reach for the weekly R3 at the 1.1008 mark. Economic Calendar Analysis During the week, Markit is going to publish the US Flash Manufacturing

Mon, 18 May 2020 15:39:52 GMT

DUK+/EUR tests resistance of 1.5500

On Monday, May 18, DUK+/EUR traded near the 1.3400 level, where it had retreated after touching the high level of 1.5500. Daily Candle Chart On the daily candle chart it can be spotted that the exchange rate did not respect the resistance of the 55 and 200-day simple moving averages during its recent surge. Market Depth Market Depth reveals, where traders have

Mon, 18 May 2020 15:19:41 GMT

Gold drops after testing 1,765.00

The surge of the yellow metal reached the 1,765.00 level, which it tested throughout Monday morning. However, the resistance held, as the bullion's price plummeted back to 1,735.00 by the middle of the day. Economic Calendar Analysis This week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45 GMT. 17.05-23.05 Event Historical Reactions XAU/USD

Mon, 18 May 2020 14:46:58 GMT

USD/JPY surges above 107.40

On Monday, the USD/JPY currency exchange rate found support in the combination of 55 and 100-hour simple moving averages. During the second half of the day's trading, the pair was expected to reach for the monthly pivot point at 107.65. Economic Calendar Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at 13:45 GMT.17.05-23.05

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