The USD/JPY started the week's trading in the previous trading session's range. Namely, it traded between the support levels just above the 111.40 level and the resistance at 111.60. The rate is expected to surge, as the 100 and 200-hour simple moving averages, which are providing support, could push the rate through the resistance at 111.60. Latest Fundamental Event The Bureau of Labor
On Monday, the GBP/USD bounced off the resistance provided by the 1.3300 level. By the middle of London trading session the rate had declined down to the 1.3215 level. In general, from a technical perspective the pair should stop at 1.3215, as the 100-hour simple moving average and the weekly pivot point were providing technical support at that level. Latest Fundamental Event The
As expected, the EUR/UDS has reached the 1.1350 level, which was passed on Monday. In the near future the pair is expected to reach the technical resistance of the monthly pivot point at 1.1365. If this level is passed, the weekly R1 at 1.1373 will provide resistance to the currency exchange rate. Latest Fundamental Event The European Single Currency appreciated against the US
The yellow metal has found support in the 200-hour simple moving average, which has forced the pair into a surge. By the middle of Friday's trading, the commodity price traded above the 1,300.00 level. In addition, on the Dukascopy Analytics technical charts the pair had no resistance as far as the 1,321.00 level. Economic Calendar Analysis The week's important macroeconomic data releases have
After reaching the high level of 111.90 during the midnight hours from Thursday to Friday, the USD/JPY retreated down to the 111.70 level. At that level the pair traded sideways. In general, the USD/JPY was expected to resume the surge as soon as the 55-hour simple moving average would approach and provide support to the rate. Latest Fundamental Event The Bureau of Labor
On Friday the GBP/USD traded sideways, as the major voting in the UK Parliament had ended. Although, the politics continue. During the day's trading session various politicians continued to make statements about the future of Brexit. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK GDP data release on Tuesday at 09:30 GMT. The GBP/USD exchange currency
The EUR/USD has remained below the 1.1340 level on Friday. Previously, the rate had retreated down to the 1.1300 level during Thursday's trading, where it found support for a surge. In general, the rate is expected to resume its attempt to reach the technical resistance levels at 1.1350. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US
After reaching the 1,310.00 level gold prices began a decline, which had reached below the 1,300.00 level by the middle of Thursday's trading session. In addition, on the Dukascopy Analytics technical charts the pair had no resistance as far as the 1,321.00 level. Economic Calendar Analysis The week's important macroeconomic data releases have ended. Join on Monday to the Economic Calendar analysis stream
After retracing downwards below all of the short term support levels on Wednesday, the USD/JPY jumped on Thursday and broke all close by technical resistance levels. By the middle of Thursday's trading session the rate had reached above the 111.50 level. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change data lower-than-expected of 20K compared to forecast 180K. Note, that
Volatility remains high on the GBP/USD charts. The main reason for it is the turmoil in the UK Parliament, as the United Kingdom lawmakers cannot agree on a common course in regards to the country's membership in the European Union. On Friday, the Parliament was set to vote on whether to extend the Brexit deadline. Previously, the lawmakers denied an updated
A new high level has been reached by the EUR/USD. Namely, the pair had reached the 1.1340 level and bounced off it. By the middle of Thursday's trading session the rate was retreating to the 1.1300 level. That level together with the support of the 55-hour SMA is expected to cause a resumption of the surge. Latest Fundamental Event The European Single Currency
Gold has broken the 1,300.00 level and surged up to the 1,310.00 level by the middle of Wednesday's trading session. In addition, on the Dukascopy Analytics technical charts the pair had no resistance as far as the 1,321.00 level. Economic Calendar Analysis The week's important events will end already on Wednesday. At 12:30 GMT the US Durable Goods Orders and the US
By the middle of Wednesday's trading session the USD/JPY continued to trade below the 111.40 level. The trading below this level was previously expected. The sideways trading is set to end in the near future as the combination of the support of the 55 and 100-hour simple moving averages should push the pair higher. Latest Fundamental Event The Bureau of Labor Statistics released
The GBP/USD is being dictated by the turmoil occurring in the UK's Parliament. Namely, the rate was trading with high volatility after the Parliament declined Theresa May's updated Brexit deal. On Wednesday, the Parliament was set to vote on whether to leave the EU without a deal or ask for an extension of the deadline. Due to that reason the technical analysis
The EUR/USD has reached the 1.1300 level, as it was expected previously. On Wednesday, the currency exchange rate was testing the resistance of the 1.1300 level, which was strengthened by the 200-hour simple moving average. If the resistance that keeps the rate down at this level will be broken, the currency exchange rate will have no technical resistance as far
The support levels at 1,292.00, which were reached on Monday, held their ground as expected. In regards to the future, the metal is expected to once more test the resistance of the 1,300.00 level. Economic Calendar Analysis This week will be unusual. The majority of the notable macroeconomic events will take place at the start of the week. On Tuesday, at 12:30 GMT the
During Tuesday's trading session the USD/JPY was making attempts to pass the technical resistance levels at 111.40. Due to the fact that the rate had touched the upper trend line of an ascending channel pattern, it was expected that it will trade sideways until it gets additional technical support from the 55-hour SMA and the lower trend line of the channel
On Tuesday, the volatility caused by Brexit announcements was massive. During the morning hours the rate had jumped up almost touching the 1.3300 level. Afterwards, by the middle of the day, the rate had fallen down to the 1.3000 level. An almost three hundred pip move had happened during a couple of hours. This rate remains still highly volatile due to
The EUR/USD continued to surge on Tuesday, as the rate managed to reach above the 1.1280 level. The rate had no technical resistance as high as the 200-hour simple moving average, which was located at 1.1300. The resistance was expected to be reached during today's trading. Latest Fundamental Event The European Single Currency depreciated against the US Dollar, following the EU Main
After reaching above 1,300.00 gold is declining. If the metal passes the support of a pivot point at 1,295.13, it should decline down to a technical level cluster near 1,292.00. There the metal would meet hourly simple moving averages and a Fibonacci retracement level. Economic Calendar Analysis This week will be unusual. The majority of the notable macroeconomic events will take place at
The USD/JPY continued its recovery on Monday, as it reached up to the 111.30 level. Although, by the middle of the day's trading the pair was being pushed down by the 55-hour simple moving average at 111.32. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes last Wednesday. The Fed officials provided in-depth insights into the economic and financial conditions
On Monday, the GBP/USD traded below the 1.3000 level. However, it could be noticed that the rate was most likely going to retrace back upwards. Namely, it had encountered the support of a descending pattern, which had forced the pair into a retracement that had no resistance as high as the 1.3058 level. Busy start of the week This week will be
On Monday morning the EUR/USD broke resistance levels at 1.1240. Due to that reason the rate was expected to surge up to the 100-hour SMA at 1.2670. If that level gets passed, the rate will reach back up to the 1.1300 level, where it was located before the ECB caused drop. Busy start of the week This week will be unusual. The majority
Due to the weakness of the US Dollar, gold prices have jumped to the 1,295.00 level. During the surge the rate broke five technical resistance levels before it was stopped by a pivot point at 1,295.13. Economic Calendar Analysis On Friday, Canada and the US will publish their monthly employment data sets. It has five important data sets impacting the USD/CAD. It is