Trading Ideas

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Tue, 02 Jun 2020 13:17:57 GMT

Gold finds support in SMA

Since the middle of Monday's GMT trading hours, the yellow metal's price has been pushed up by the 55-hour simple moving average. However, the metal did not manage to reach above the previously touched 1,745.00 level. Economic Calendar Analysis On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm Employment Change at 12:15 GMT and the ISM Non-manufacturing

Tue, 02 Jun 2020 13:06:21 GMT

USD/JPY jumps on Tuesday

On Tuesday, the USD/JPY jumped, as it almost reached the 108.50 mark. The surge was expected on Monday, when the rate broke the resistance of three SMAs and a pivot point. In theory, the rate should consolidate its gains by trading between the 50.00% Fibo at 108.35 and the pivot point at 108.51. Economic Calendar On Wednesday, June 3, two macroeconomic events

Tue, 02 Jun 2020 12:26:11 GMT

GBP/USD breaks pattern

The GBP/USD did not bounce off the upper trend line of a channel up pattern. Instead, it broke the resistance. By the middle of Tuesday's GMT trading hours, the rate had reached above the 1.2550 level. Economic Calendar On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm Employment Change at 12:15 GMT and the ISM Non-manufacturing

Tue, 02 Jun 2020 11:39:46 GMT

EUR/USD trades as forecast

The EUR/USD managed to pass the resistance of the 1.1150 mark. The event occurred due to the support of the 55-hour SMA pushing the pair up. In regards to the near term future, the pair was expected to reach for the 1.1200 level. Economic Calendar Analysis On Wednesday, June 3, two macroeconomic events from the US are expected: the ADP Non-Farm Employment Change

Mon, 01 Jun 2020 13:14:22 GMT

DUK+/EUR will remain above 1.5000

On Monday, June 1, the DUK+/EUR exchange rate jumped to 1.5100. Moreover, it was not going to decline below this level, as a massive amount of buy orders was set at 1.5000. Daily Candle Chart On the technical chart it was spotted this week that the rate has begun to respect the resistance of the 100-day simple moving average. It provided

Mon, 01 Jun 2020 12:09:44 GMT

Gold tests 1,745.00 level

On Monday morning, the yellow metal's price continued to surge, as it reached for the 1,745.00 level. After touching the mentioned level, the rate retreated back to the support of the 1,730.00 level. At that level it met with the 200 and 55-hour simple moving averages. Economic Calendar Analysis Traditionally, the first week of the month is busy on the economic calendar. On Monday,

Mon, 01 Jun 2020 11:50:42 GMT

USD/JPY breaks resistance cluster

On Friday, the USD/JPY traded with high volatility, as it dropped below the 107.20 level and afterwards recovered to 107.80. In regards to the near term future, the pair had passed the resistance of hourly SMAs and a weekly pivot point at 107.64. Economic Calendar Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the

Mon, 01 Jun 2020 11:14:39 GMT

GBP/USD tests pattern's resistance

On Monday, the GBP/USD currency exchange rate was testing the resistance of a channel up pattern. In the meantime, the rate was supported by the 1.2380 level. Future forecasts were based upon, which of the two mentioned levels would get passed. Economic Calendar Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute

Mon, 01 Jun 2020 10:50:34 GMT

EUR/USD could reach 1.1200

The EUR/USD is trading sideways, as it awaits the support of the hourly simple moving averages. The SMAs should signal that the pair is no longer overbought. In regards to the near term future, if the pair passes the 1.1150 mark, it could reach for the 1.1200 level. Economic Calendar Analysis Traditionally, the first week of the month is busy on the economic

Fri, 29 May 2020 11:07:54 GMT

Gold consolidated in 1,720.00 area

Yesterday, the XAU/USD exchange rate consolidated in the 1,720.00 area. Given that the rate is still squeezed by 55- and 200-hour SMAs, it is likely that the rate could consolidate. Economic Calendar Analysis Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute for Supply Management will release the US ISM Manufacturing PMI survey results

Fri, 29 May 2020 11:00:00 GMT

USD/JPY tumbled to 107.20

During Friday morning, the USD/JPY currency pair breached the short-term ascending channel south and dropped to the weekly S1 at 107.12. It is likely that the pair could consolidate near the given support in the short run. Economic Calendar Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute for Supply Management will

Fri, 29 May 2020 10:52:21 GMT

GBP/USD remains below 1.2360

The GBP/USD exchange rate continued to trade within the medium-term ascending channel. During today's morning, the rate touched the 1.2360 level. Economic Calendar Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute for Supply Management will release the US ISM Manufacturing PMI survey results at 14:00 GMT. On Wednesday, June 3, two macroeconomic events

Fri, 29 May 2020 10:38:44 GMT

EUR/USD exceeded 1.1100

The EUR/USD currency pair breach the medium-term ascending channel north. It is likely that the pair could gain support from the weekly R2 and monthly R1 and trade upwards in the short run. Economic Calendar Analysis Traditionally, the first week of the month is busy on the economic calendar. On Monday, June 1, the Institute for Supply Management will release the US ISM Manufacturing

Thu, 28 May 2020 10:48:35 GMT

Gold is at 1,720.00

The XAU/USD exchange rate touched the 1,700.00 level and reversed north. Given that the rate is squeezed by 55- and 200-hour SMAs, it is likely that the rate could consolidate. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. Today, a group of various US data sets will be published at 12:30 GMT. 25.05-29.05 Event Historical Reactions XAU/USD

Thu, 28 May 2020 10:39:23 GMT

USD/JPY remains below 107.90

Yesterday, the USD/JPY currency pair reached the upper boundary of the short-term ascending channel. From a theoretical point of view, it is likely that some downside potential could prevail, as the pair should reach the lower channel line. Economic Calendar This week, there is one notable time to watch the economic calendar. Today, a group of various US data

Thu, 28 May 2020 10:28:08 GMT

GBP/USD trades at 1.2260

The GBP/USD exchange rate revealed a medium-term ascending channel. From a theoretical perspective, it is likely that some upside potential could prevail in the market. Economic Calendar This week, there is one notable time to watch the economic calendar. Today, a group of various US data sets will be published at 12:30 GMT. Each one of these data sets on their own

Thu, 28 May 2020 10:22:05 GMT

EUR/USD trades above 1.0980

The EUR/USD currency pair has revealed a medium-term ascending channel. The pair could gain support from the 55-hour SMA and trade upwards in the nearest future. Economic Calendar Analysis This week, there is one notable time to watch the economic calendar. Today, a group of various US data sets will be published at 12:30 GMT. Each one of these data sets on their

Wed, 27 May 2020 10:51:01 GMT

Gold declined below 1,710.00

On Wednesday morning, the XAU/USD exchange rate declined below 1,710.00. It is likely that yellow metal could consolidate against the US Dollar in the short run. 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. 25.05-29.05 Event Historical Reactions XAU/USD short-term forecast Yesterday, the

Wed, 27 May 2020 10:31:28 GMT

USD/JPY remains below 107.90

The USD/JPY currency pair revealed a short-term ascending channel. From a theoretical point of view, it is likely that some upside 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 data sets will be published. Each one of these data

Wed, 27 May 2020 10:21:35 GMT

GBP/USD trades above 1.2300

During Wednesday morning, the GBP/USD exchange rate reversed north from the support from the weekly R1 and the monthly S1 at 1.2290. It is likely that some upside 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 data sets will be

Wed, 27 May 2020 10:11:23 GMT

EUR/USD jumped to 1.1000

During Wednesday morning, the EUR/USD currency pair pierced the weekly R1 at 1.1010. Theoretically, it is likely that a reversal south could occur, as the pair could enter the overbought area. 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 one of

Tue, 26 May 2020 10:52:47 GMT

Gold trades above 1,720.00

On Tuesday morning, the XAU/USD exchange rate breached the rising wedge pattern south. It is likely that the rate could gain support from the psychological level at 1,720.00 and trade sideways. 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. 25.05-29.05 Event Historical

Tue, 26 May 2020 10:43:30 GMT

USD/JPY remains below 108.00

Despite having no resistance, the USD/JPY currency pair failed to exceed 107.90. On Tuesday morning, the pair was testing the support formed by the 55- and 100-hour SMAs, as well the weekly and monthly PPs. 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

Tue, 26 May 2020 10:36:55 GMT

GBP/USD skyrocketed to 1.2320

During Tuesday morning, the GBP/USD exchange rate skyrocketed to the 1.2320 level. Theoretically, it is likely that the rate could gain support from the weekly R1 and the monthly S1 at 1.2290. 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

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