Trading Ideas

Mon, 27 Nov 2023 11:42:06 GMT

Gold manages to reach new high

The support of the 100-hour simple moving average held on and eventually forced the price for gold to surge. The surge managed to finally break the resistance of the 2,005.00

Mon, 27 Nov 2023 11:24:59 GMT

USD/JPY faces resistance of 50-day SMA

The USD/JPY has continued to try and move above the 149.65/149.75 range. On Monday, the pair once again failed. However, this time the failure resulted in a decline. The rate

Mon, 27 Nov 2023 11:01:36 GMT

GBP/USD surges above 1.2600

The GBP/USD currency exchange rate has continued to benefit from the broader weakness of the US Dollar. Most recently, the pair managed to reach above the 1.2600 mark. Economic Calendar On Wednesday,

Mon, 27 Nov 2023 10:56:53 GMT

EUR/USD faces November high level range

The EUR/USD currency exchange rate has approached the November high level zone at 1.0950/1.0965. Economic Calendar Analysis This week, the EUR/USD could react to the publication of the German and Spanish Consumer

Fri, 24 Nov 2023 13:53:39 GMT

Gold remains above moving average

Since mid-Tuesday, the price for gold has been kept up by the 100-hour simple moving average. Moreover, support was found in the 1,990.00 mark. As the price fluctuated sideways, it

Fri, 24 Nov 2023 13:40:29 GMT

USD/JPY is approached by SMAs

In general, the USD/JPY still remains near 149.50. However, the pair has been reached by the 50 and 200-hour simple moving average. In general, the rate is squeezed in, which

Fri, 24 Nov 2023 13:22:51 GMT

GBP/USD faces weekly simple pivot point

After the UK PMI caused jump, the GBP/USD consolidated and traded near 1.2530. However, on Friday morning, the pair started to surge, as by mid-day the weekly R1 to simple

Fri, 24 Nov 2023 13:17:19 GMT

EUR/USD waits for US traders

Due to the US holidays the markets are closed in the United States, which has reduced volatility. In general, it has resulted in the EUR/USD remaining near the 1.0900 mark. Economic

Thu, 23 Nov 2023 15:54:26 GMT

Gold remains near 2,000.00

Gold has retraced back down and found support in the 100-hour simple moving average near the 1,986.00 level. During the first part of Thursday's trading, it was spotted that the

Thu, 23 Nov 2023 15:41:49 GMT

USD/JPY consolidates, traders hold long positions

The USD/JPY booked a new high, before consolidating its gains by a minor retracement back down. Most recently, the pair retraced to the 149.00 mark and confirmed it as support.

Thu, 23 Nov 2023 15:01:11 GMT

GBP/USD traders get the expected dip

The GBP/USD eventually ended sideways trading and declined. Meanwhile, 66% of Dukascopy traders were shorting the pair and had close by stop losses.However, the sharp decline quickly found support in

Thu, 23 Nov 2023 14:47:38 GMT

EUR/USD confirms 1.0850 as support

The decline of the Euro against the US Dollar eventually encountered support in the form of the 1.0850 level. In addition, it is assumed that some pressure came from the

Wed, 22 Nov 2023 11:55:00 GMT

Gold trades above 2,000.00

Gold has broken the resistance zone that is located at the 1,995.00 level. However, the follow up surge appears to have been stopped by the upper trend line of the

Wed, 22 Nov 2023 11:48:02 GMT

USD/JPY gives gains to Dukascopy traders

The USD/JPY has revealed a support zone at 147.15/147.35. The range has been strong enough to cause a recovery. Bu mid-Wednesday, the rate had reached above 149.00.Dukascopy Bank SA open

Wed, 22 Nov 2023 11:40:24 GMT

GBP/USD trades flat, as traders wait for a move

The currency exchange rate has remained below the resistance of the 1.2550 mark. Meanwhile, on Wednesday the pair appeared to have confirmed the 1.2505/1.2510 range as support.Meanwhile, traders have continued

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