On Monday, the GBP/USD found support in a cluster of technical levels just below the 1.2900 mark and began a surge. By the middle of the day, the surge was expected to reach the 1.2950 level. At that level, the pair should encounter the psychological resistance, which stopped the rate's last week's surge. Economic Calendar This week the rate might get impacted by
On Monday, the EUR/USD traded at technical support levels that were concentrated at 1.1010. At that level two SMAs and the weekly simple pivot point were located at. The near term future forecasts were based upon what would happen at this level. In the meantime, take into account that there was a large increase of volatility on Friday. A detailed report on
The yellow metal's price has broken a channel down pattern. In addition, the resistances of the 55 and 100-hour simple moving averages were passed on Friday. Meanwhile, it was spotted that round price levels were having bigger impact on gold than the simple moving averages. Due to that reason it was more valuable to watch them. Economic Calendar Analysis This week there
The USD/JPY has broken an ascending channel pattern by trading sideways. Namely, it has remained between a pivot point at 109.47 and the resistance of a 50.00% Fibonacci retracement level at 109.58. The rate is expected to remain between these levels until the support of the 55-hour simple moving average approaches the pair. The SMA could push the rate higher and
On Friday, the GBP/USD retreated to the last technical support level that it has above the 1.2780 level. Namely, the weekly pivot point at 1.2883. If the rate passes this level on Friday, a sharp decline could start. However, take into account that our analysts spotted a trend line, which could slow down a fall of the rate near the 1.2850
On Friday morning, the EUR/USD traded below the 55 and 100-hour simple moving averages, which had provided resistance to the rate since the middle of the night in GMT hours. In general, the previous short term forecast was still valid. The SMAs were expected to push the currency exchange down to the weekly pivot point at the 1.0994 level. Economic Calendar Analysis This
On Thursday, the yellow metal's price remained near previous levels. Namely, it fluctuated between 1,454.00 and 1,458.00. From a technical perspective, the price was expected to reach the support of the 1,450.00 level, as soon as the 100-hour SMA approaches the metal's price from above. Economic Calendar Analysis This week there are no more data releases, which might impact this rate. Meanwhile,
Shortly after Dukascopy Analytics published Wednesday's review, the USD/JPY managed to break the resistance of the 109.20 level. It resulted in a sharp surge that reached 109.60. The rate bounced off this level. By the middle of Thursday's trading the rate had retreated, consolidated and resumed its surge. Namely, it was set to again test the 109.60. Economic Calendar This week there are
In the second half of Thursday's London trading session, the GBP/USD traded above the support of the 200-hour simple moving average at 1.2905. In general, the rate was expected to surge as soon as the additional technical support of the 55 and 100-hour simple moving averages approaches the pair from below. Economic Calendar This week there are no more data releases, which might
On Wednesday, the EUR/USD reached the support of the 1.1000 level and the weekly S1 at 1.0994. Namely, the rate reached below the expected level. At the pivot point, the rate found support and began a surge, which by the middle of Thursday's trading had reached the resistance of the 100-hour simple moving average at 1.1018. Economic Calendar Analysis This week there are
Throughout the first half of Wednesday's trading, gold was kept up by the 55-hour SMA, which provided support. Just after midday, the metal's price declined below it, signaling a decline. In theory, in the near term future, the metal should decline to the psychological support of the 1,450.00 mark, which provided support on Tuesday. Economic Calendar Analysis This week there are no
On Wednesday, the USD/JPY made another attempt to pass the resistance of the 109.20 level. The level managed to hold and forced the pair into a retreat down to the lower trend line of a channel up pattern. The future forecasts were based upon whether or not the supporting trend line of the pattern causes a surge. Economic Calendar This week there are
By the time the GBP/USD Trading Idea publication was made, the second scenario of the morning GBP/USD Technical Analysis article became reality. The pair broke the upper trend line of a channel down pattern. By the middle of Wednesday's London Trading session, the rate had also surged above technical levels that were located near 1.2880. Economic Calendar This week there are no
On Wednesday, the EUR/USD traded near previous session's levels. In the meantime, take into account that the 55-hour SMA did not manage to push the rate down on Tuesday. In regards to the near term future, the pair was still expected to reach for the support of the 1.1000 level. Economic Calendar Analysis This week there are no more data releases, which might
Last week, Dukascoin found support in 1.1700 and made another attempt to pass the resistance of the 1.3900 level. This week, on Monday, the DUK+/EUR rate had retreated and found support in an ascending trend line at 1.2000. In regards to the near term future, the pair was expected to once more make an attempt to pass the 1.3900 level. Daily
On Tuesday, gold made an attempt to surge, which was stopped by the resistance of the 55-hour simple moving average near 1,460.17. The SMA was expected to push the rate into a test of the support of the 1,450.00 level. Economic Calendar Analysis The pair could be slightly impacted by the US publications on Wednesday. At 13:30 GMT, the US Durable Goods Orders,
The USD/JPY touched the 109.20 level during the night from Monday to Tuesday. Afterwards the rate retreated and began to trade sideways below the 109.00 mark. In regards to the near term future, the rate was expected to get support from the 55-hour simple moving average. The SMA could push the rate higher. Economic Calendar The pair could be slightly impacted by the
On Tuesday, the GBP/USD declined below the hourly simple moving averages and the weekly pivot point. As a result of the decline, the rate had no technical support as low as the 1.2780 level However, note that the pair might find psychological support in the 1.2850 and 1.2800 levels. Economic Calendar The pair could be slightly impacted by the US publications on Wednesday. At
The EUR/USD started the week by trading below the 1.1030 level. On Tuesday, the rate was set to test the resistance of the 55-hour simple moving average. Future scenarios were based upon what would happen at this level. Economic Calendar Analysis The EUR/USD could be slightly impacted by the US publications on Wednesday. At 13:30 GMT, the US Durable Goods Orders, Core Durable
By the middle of Friday's trading, the yellow metal had reached above the resistance of 55 and 100-hour simple moving averages near 1,470.00. In regards to the future, the metal had no resistance as high as the pivot point at 1,475.18. Economic Calendar Analysis Next week, the pair could be slightly impacted by the US publications on Wednesday. At 13:30 GMT on that
On Friday, the USD/JPY rate traded near the previous levels. In general, the rate could continue to trade flat. However, some signals of a decline were present on the hourly candle chart. Economic Calendar Next week, the pair could be slightly impacted by the US publications on Wednesday. At 13:30 GMT on that day, the US Durable Goods Orders, Core Durable Goods Orders and
Despite previous expectations and historical data showing the opposite, the GBP was impacted by Markit UK Purchasing Manager's Indices. The data revealed that the UK firms are even more pessimistic than it was previously thought. The publication of the survey results caused a sharp drop of the rate, which went through the support of the 200-hour SMA. The decline was
On Friday morning, the EUR/USD traded with an increased volatility. The volatility was caused by the publication of European PMIs. They showed mixed results, as they were being published over a period of an hour. In general, good news from France caused a surge, which were followed by mixed German results and lower than forecast results of the combined Euro Zone
Since the middle of Wednesday's London trading hours, the yellow metal's price has fluctuated between 1,465.00 and 1,476.00. Economic Calendar Analysis There are no more scheduled data releases this week that might impact gold's price. The week's reaction tables have been published. Take a look at the 18.11-22.11 Event Historical Reactions publication. Read More: 18.11-22.11 Event Historical Reactions XAU/USD short-term forecast On