Trading Ideas

Note: This section contains information in English only.
Mon, 18 May 2020 14:01:14 GMT

GBP/USD surges on Monday

On Monday, the GBP/USD started the week by opening lower and afterwards surging. By the middle of the day, the pair had reached for the 38.20% Fibo at 1.2190. In the case of the Fibo failing to provide resistance to the surge, the pair could reach for 100-hour SMA and the weekly simple pivot point near 1.2218. Economic Calendar Most macroeconomic data

Mon, 18 May 2020 11:53:04 GMT

EUR/USD trades near 1.0800

The EUR/USD started the week by testing the support of the 1.0800 level. In the meantime, the rate was being pressured by technical resistance levels near the 1.0820 mark. At that level the 100 and 200-hour simple moving averages. Economic Calendar Analysis Today, the US Retail Sales on Friday is being released at 12:30 GMT. During the week, Markit is going to publish

Fri, 15 May 2020 10:49:22 GMT

Gold jumped to 1,735.00

The XAU/USD exchange rate breached the ascending triangle pattern and jumped to the 1,735.00 level. Note that yellow metal remains to be under pressure of the resistance level at 1,740.00. Economic Calendar Analysis Today, the US Retail Sales is being released at 12:30 GMT. Next week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21, at

Fri, 15 May 2020 10:40:07 GMT

USD/JPY remains below 107.40

The USD/JPY currency pair revealed a rising wedge pattern. From a theoretical perspective, it is likely that the pair could reverse north from the pattern lower line in the nearest future. Economic Calendar Today, the US Retail Sales is being released at 12:30 GMT. Next week, Markit is going to publish the US Flash Manufacturing PMI survey results on Thursday, May 21,

Fri, 15 May 2020 10:29:50 GMT

GBP/USD consolidated at 1.2200

The GBP/USD exchange rate consolidated near the support level – the Fibo 38.20% at 1.2190. In theory, it is likely that some downside potential could prevail in the market, as the rate could continue to trade within the falling wedge pattern. Economic Calendar Today, the US Retail Sales is being released at 12:30 GMT. Next week, most macroeconomic data releases are

Fri, 15 May 2020 10:04:57 GMT

EUR/USD trades below 1.0830

Yesterday, the EUR/USD currency pair breached the short-term ascending channel south. Given that the pair is pressured by the 55-, 100- and 200-hour moving averages, it is likely that some downside potential could prevail. Economic Calendar Analysis Today, the US Retail Sales is being released at 12:30 GMT. Next week, Markit is going to publish the US Flash Manufacturing PMI survey results on

Thu, 14 May 2020 10:57:56 GMT

Gold trades above 1,710.00

The XAU/USD exchange rate continued to trade within the ascending triangle pattern. From a theoretical point of view, it is likely that the rate could continue to trade within the given pattern in the short term. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the

Thu, 14 May 2020 10:47:10 GMT

USD/JPY remains above 106.80

Some downside potential has been prevailing in the market since Monday. During Thursday morning, the USD/JPY currency pair was testing the support formed by the Fibo 38.20% and the 200-hour SMA. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, the US Retail Sales on

Thu, 14 May 2020 10:34:58 GMT

GBP/USD trades below 1.2250

The GBP/USD exchange rate has revealed a falling wedge pattern. In theory, it is likely that some downside potential could prevail in the market, as the rate could trade within the given pattern. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, the

Thu, 14 May 2020 10:16:52 GMT

EUR/USD remains below 1.0880

The EUR/USD currency pair continued to trade within the short-term ascending channel. During today's morning, the pair was testing the lower channel line. From a theoretical point of view, it is likely that a reversal south could occur. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to be cause notable reactions, as they have

Wed, 13 May 2020 10:50:36 GMT

Gold remains above 1,690.00

Since Monday, the XAU/USD exchange rate has been testing the lower boundary of the ascending triangle pattern. From a theoretical point of view, it is likely that a reversal north could occur in the nearest future. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the

Wed, 13 May 2020 10:39:32 GMT

USD/JPY declined below 107.40

Yesterday, the USD/JPY currency pair declined below the 107.40 level. The pair could gain support from the 100-hour SMA and the Fibo 38.20% and reverse north in the nearest future. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, the US PPI on Wednesday and

Wed, 13 May 2020 10:32:34 GMT

GBP/USD is below 1.2300

The GBP/USD exchange rate remains to be under pressure of the 55-, 100- and 200-hour moving averages. In theory, it is likely that some downside potential could continue to prevail in the market. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, the

Wed, 13 May 2020 10:07:41 GMT

EUR/USD trades above 1.0820

Yesterday, the EUR/USD currency pair revealed a short-term ascending channel. The pair has already re-tested the upper channel line. From a theoretical perspective, it is likely that the pair could re-test the lower channel line in the nearest future. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to be cause notable reactions, as they have done

Tue, 12 May 2020 10:56:59 GMT

XAU/USD trades above 1,700.00

Last week, the XAU/USD exchange rate revealed an ascending triangle pattern. Yesterday, the rate re-tested the lower pattern line near 1,695.00. During Tuesday morning, the rate reversed north. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, US CPI on Tuesday, US PPI on

Tue, 12 May 2020 10:46:32 GMT

USD/JPY trades above 107.40

The USD/JPY currency pair failed to surpass the resistance level formed by the weekly R2 and the monthly PP at 107.65. It is likely that some downside potential could prevail in the market within the following trading session. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in

Tue, 12 May 2020 10:36:49 GMT

GBP/USD remains above 1.2300

Yesterday, the GBP/USD exchange rate tested the support level formed by the weekly and monthly S1s at 1.2290. Given that the rate is pressured by the 55- and 100-hour SMAs, it is likely that some downside potential could prevail in the market. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions,

Tue, 12 May 2020 10:07:41 GMT

EUR/USD trades below 1.0840

The EUR/USD currency pair remains to be under pressure of the 55- and 100-hour moving averages. If the given moving averages hold, it is likely that some downside potential could prevail in the market. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to be cause notable reactions, as they have done in the past. Namely,

Mon, 11 May 2020 10:29:47 GMT

Gold remains below 1,720.00

Last week, the XAU/USD exchange rate revealed an ascending triangle pattern. On Friday, the rate tested the upper pattern line. During today's morning, the rate reversed south from the given line. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, US CPI on Tuesday,

Mon, 11 May 2020 10:15:50 GMT

USD/JPY jumped to 107.20

The USD/JPY currency pair breached the falling wedge pattern north and jumped to the weekly R1 at 107.20. In theory, the pair could continue to trade upwards in the nearest future. Economic Calendar This week, monthly US inflation and retail sales data sets are bound to cause notable reactions, as they have done in the past. Namely, US CPI on Tuesday, US

Mon, 11 May 2020 10:06:37 GMT

GBP/USD is below 1.2400

On Friday, the GBP/USD exchange rate failed to exceed the 200-hour SMA near 1.2450. The given moving average pushed the rate down to the 1.2360 level. Given that the rate is also pressured by the 55- and 100-hour SMAs, it is likely that bears could prevail in the market. Economic Calendar This week, monthly US inflation and retail sales data sets

Mon, 11 May 2020 09:57:31 GMT

EUR/USD remains above 1.0820

The EUR/USD currency pair failed to pass the resistance of the 200-hour SMA on Friday. During Monday morning, the pair was testing the 1.0820 level. Given that the pair is pressured by the 55- and 100-hour SMAs, it is likely that some downside potential could prevail. Economic Calendar Analysis This week, monthly US inflation and retail sales data sets are bound to be

Fri, 08 May 2020 11:35:51 GMT

Gold reaches above 1,715.00

The resistance of the hourly simple moving averages held for eight hours until the SMAs failed. It resulted in a surge. Since late Thursday, the rate had been consolidating and trading sideways above the 1,715.00 mark. Economic Calendar Analysis The week will end with the employment data release from the United States, on Friday at 12:30 GMT. Next week, monthly US inflation and

Fri, 08 May 2020 11:16:02 GMT

USD/JPY could get squeezed

On Friday, the USD/JPY currency exchange rate traded between the resistance of the 100-hour SMA near 106.45 and the support of the 55-hour SMA and weekly simple S1 pivot point at 106.32. In theory, the rate should get squeezed in between these levels and afterwards break out either up or down. Economic Calendar On Friday, the week will end with the employment

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.