During a second attempt, the USD/JPY managed to break the resistance of the 200-hour SMA and surge above the 106.60 level. On Friday, the rate was trading below a pivot point that is located at 106.54. The rate was consolidating and expecting the support of hourly simple moving averages, which were set to push the rate higher. Economic Calendar This week's data releases
uring Friday's London morning trading hours, the GBP/USD was approaching the previously touched low level of 1.2160. In general, the rate was expected to be pushed down by simple moving averages through the 1.2160 level's support. Pound depreciates on possible Parliament suspension On Wednesday morning, August 28, the British Pound depreciated 129 pips or 1.05% against the US Dollar. The reason
A forecast decline occurred. On Friday morning, the EUR/USD had almost reached the 1.1030 level. The rate was pushed down by the hourly simple moving averages, as it as speculated on Thursday. In regards to the near term future, the rate is bound to test the support of the August low level at 1.1030. No more data releases this week This week's data releases
On Thursday morning, gold tested the 1,550.00 level, as it was expected on Wednesday, In general, the metal was expected to trade sideways below 1,550.00 until the hourly simple moving averages push it into the historical high level of 1,555.00. Economic Calendar Analysis On Thursday, at 12:30 GMT the US Preliminary GDP might impact the price of gold. XAU/USD short-term forecast In general,
The USD/JPY did not follow the previous forecast, as it broke the resistance of the 55 and 100-hour simple moving averages and two pivot points. The following surge has been testing the 106.20 level. At that level the 200-hour simple moving average was located throughout this week. Economic Calendar On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published.
Immediately after publishing yesterday's report, the GBP/USD passed support levels and extended its decline as low as 1.2160. The move was fundamental, as Boris Johnson made request that would neutralize interference into Brexit by the UK Parliament. In general, on Thursday morning the rate had already consolidated the decline and resumed to trade downwards. Pound depreciates on possible Parliament suspension On Wednesday morning,
Since the middle of Wednesday, the EUR/USD has traded near the 1.1080 level. At that level the weekly S1 pivot point is located at. Meanwhile, note that the S1 had been pierced on Wednesday, indicating that the rate could decline. The decline is most likely going to occur, as soon as the 55, 100 and 200-hour simple moving averages begin to
On Wednesday, the yellow metal's price found support in the 55-hour simple moving average at 1,535.00. In general, the metal's price is expected to test the resistance of the 1,545.00 level, which kept the price down on Tuesday. Economic Calendar Analysis On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published. XAU/USD short-term forecast The yellow metal is expected
On Wednesday, the USD/JPY traded near the previous trading sessions levels. Namely, the pair traded flat between 105.70 and 105.80. In general, the rate was expected to decline as soon as the resistance of the 100-hour simple moving average approaches. Economic Calendar On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published. The event has caused moves on USD/JPY
The high volatility of the GBP/USD continued on Wednesday, as the rate plummeted during the late Asian trading session. Namely, the pair dropped down to the support of the 1.2220 level. At that level a weekly pivot point paused the decline. Economic Calendar On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published. The event has caused moves
The EUR/USD failed to break the resistance of pivot points near 1.1120. The event resulted in a decline, which on Wednesday morning had reached below the hourly simple moving averages used un Dukascopy Analytics charts. In theory, the rate should decline to the weekly S1 at 1.1080. US Preliminary GDP on Thursday On Thursday, at 12:30 GMT the US Preliminary GDP is
The yellow metal's price was consolidating on Tuesday. The commodity price was expected to end the sideways trading as soon as the support of the hourly simple moving averages approaches from below. Economic Calendar Analysis On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published. XAU/USD short-term forecast During the previous trading session, gold traded sideways against the
The recovery of USD/JPY was ended by technical resistance levels below the 106.40 level. On Tuesday morning, the rate was testing the resistance of pivot points and the 55-hour simple moving average at 105.85. Economic Calendar On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published. The event has caused moves on USD/JPY charts from 2.8 to 19.4
On Tuesday, the GBP/USD surged due to the support of the 100-hour simple moving average, which stopped the decline of the rate at 1.2210. In general, it was expected that the surge could eventually reach the 1.2300 level. Economic Calendar On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published. The event has caused moves on GBP/USD charts from
On Tuesday, the EUR/USD was recovering after finding support in the 1.1100 level. The rate was about to test the resistance of a pivot point at 1.1117. If this level gets broken, the rate might surge up to the 1.1170 mark. US Preliminary GDP on Thursday On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published. The event has
A Trump tweet about trade tariffs propelled the yellow metal's price above the 1,550.00 level. Although, on Monday morning the rate retraced down to the 1,530.00 level. Economic Calendar Analysis On Monday, at 12:30 GMT the US Durable Goods Orders and Core Durable Goods Orders data will impact the pair. On Thursday, at 12:30 GMT the US Preliminary GDP is scheduled to be published.
The USD/JPY has plummeted as a run to safety has been caused by trade wars and a stock decline in the US. Although, the rate was recovering on Monday morning. Economic Calendar On Monday, at 12:30 GMT the US Durable Goods Orders and Core Durable Goods Orders data will impact the pair. Although this event is marked as high impact on most economic calendars,
After reaching a new high level at 1.2300 on Friday, the GBP/USD began a decline. On Monday morning, the rate had retreated down to the support of the 55-hour simple moving average at the 1.2240 level. Economic Calendar On Monday, at 12:30 GMT the US Durable Goods Orders and Core Durable Goods Orders data will impact the pair. Although this event is marked as
On Friday, an announcement by the US President Donald Trump caused a drop of the USD, which propelled the EUR/USD exchange rate to reach above the 1.1160 level. On Monday morning, the currency pair had bounced off the level and declined down to the cluster of hourly simple moving averages above the 1.1100 mark. Small reaction although "important" data releases Data releases
The yellow metal's price has remained under the resistance of the hourly simple moving averages. In general, it is expected to continue to fluctuate sideways until the speech of Jerome Powell that is scheduled for 14:00 GMT. Economic Calendar Analysis There are no data releases scheduled for the rest of the week that might impact the price of gold through the strength of
On Friday morning, Dukascopy analysts spotted an ascending channel pattern on the hourly candle chart. In accordance with the pattern, the resistance provided this week by the 106.70 level should be broken. Meanwhile, take into account that the rate is most likely going to fluctuate sideways until the speech of the Chairman of the Federal Reserve at 14:00 GMT. Economic Calendar There are
The support of the 200-hour SMA was strong enough to cause the start of a surge, which, enforced by fundamentals, managed to push the rate up to a weekly pivot point at the 1.2274 level. By the middle of Friday's trading session the currency rate had retreated down to the 1.2200 level, which was providing psychological support. Economic Calendar There are no more
The EUR/USD remained below the 1.1110 level on Thursday, despite the better than expected Markit PMI survey results that initially caused a surge. On Friday morning the currency exchange rate traded sideways near the 1.1070 level. Due to the fact that it had touched a new low level and had no close by technical support levels, in theory the currency pair should
Since the start of the week, the yellow metal continued to trade below the resistance of hourly simple moving averages. By the middle of Thursday's trading, the situation had not changed. Economic Calendar Analysis There are no data releases scheduled for the rest of the week that might impact the price of gold through the strength of the US Dollar. XAU/USD short-term forecast The