On Wednesday, the USD/JPY continued to decline in the aftermath of the previously experienced high volatility. Namely, after hitting the dominant resistance levels on Tuesday the USD/JPY was still declining on Wednesday. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes on Wednesday. The Fed officials provided in-depth insights into the economic and financial conditions that influenced their vote on
The Pound has initiated a fundamental surge because of Brexit associated news. The surge reaches one target after another in steady surges. Meanwhile, the technical levels are only causing short term pauses, which quickly end. Latest Fundamental Event The Federal Reserve released on Wednesday the US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced
The EUR/USD is hitting targets and signalling a continuation of the surge is about to occur. In general, if the fundamentals don't intervene, the rate is set to eventually reach the 1.1424 level. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Durable Goods Orders data release on Thursday at 13:30 GMT. The EUR/USD exchange currency rate
The metal has continued to trade between the simple moving averages of the hourly chart. By the middle of Tuesday's trading, gold was signalling that a decline might occur soon. Namely, the metal pierced the support of the 200-hour SMA, which revealed that it lacks the strength to keep it from declining. Moreover, the 55-hour SMA was pushing the price through
The main point of attention on the USD/JPY is not the forecast, but the recent massive moves. Namely, the pair has jumped up to 111.20 and afterwards immediately declined down to support levels at 110.80. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes on Wednesday. The Fed officials provided in-depth insights into the economic and financial conditions that influenced
The GBP/USD is jumping, it is breaking one resistance level after another, as the moves are caused by Brexit associated announcements. In general, concentrate on the news instead of the technical charting methods. The reason for this is the fact that all technical methods concentrate on historical data. At the moment we are experiencing an unprecedented event, which each market participant
The EUR/USD scored a new high level on Tuesday. Although it occurred after retreating down to dominant support level at 1.1345. In general, previous targets remain active, as the pair's closest technical resistance was located at 1.1380. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Durable Goods Orders data release on Thursday at 13:30 GMT. The
Gold prices are following the simple moving averages of the hourly chart. Namely, the 55-hour SMA is providing resistance. Meanwhile, the 200-hour SMA has been supporting the metal. In general, the two levels are expected to meet in the near future and cause a break out. Economic Calendar Analysis As it is accustomed, the last week of the month is set to be
The USD/JPY faces a strong technical resistance level at 110.70. The near term future revolves around this level. The most basic assumption is that the pair will bounce off this resistance level and decline. Latest Fundamental Event The Federal Reserve released the US FOMC Meeting Minutes on Wednesday. The Fed officials provided in-depth insights into the economic and financial conditions that influenced their
On Monday the GBP/USD was making attempts to once more surge. The pair was making attempts at breaking the resistance presented by the 1.3100 level. If that level would be broken, the weekly R1 at 1.3150 will be aimed at. Latest Fundamental Event The Federal Reserve released on Wednesday the US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic
The EUR/USD is starting the week without close by resistance levels. In general, it is expected to surge up to the 1.1380 level. At that level the first weekly resistance of the simple pivot points is located at. Meanwhile, the pair is supported by the hourly simple moving averages. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the
The decline of the metal had extended on Friday. Namely, gold prices had fallen to the levels just above 1,320.00. The price managed to pass the support levels at 1,330.00 and they plummeted immediately afterwards. On Friday, the last support before the 1,310.00 level was the 200-hour simple moving average at 1,322.15. Economic Calendar Analysis The week will end with the Canadian Core Retail
By the middle of Friday's trading session the USD/JPY was surging up to the 110.90 level. In general, the rate had found support in the 200-hour SMA at midnight and begun to move upwards. The pair faced no observable resistance as high as 111.00. However, a previous attempt this week at reaching that level had failed. Latest Fundamental Event The Federal Reserve released
The GBP/USD has dropped down the technical levels, which kept it up throughout the last couple of trading sessions. On Friday, the pair had retreated down to the 100-hour SMA at 1.3010. If this support gets passed, the rate would drop down to 1.2975 where a weekly pivot point is located at. Latest Fundamental Event The Federal Reserve released on Wednesday the US
On Friday, the EUR/USD decreased volatility and continued to trade near the 1.1345 level where the weekly R1 was located together with the 55-hour simple moving average. Meanwhile, take into account that on Thursday the 100-hour SMA approached the pair from the below. It began to provide significant support. Namely, the SMA managed to keep the rate from declining. Latest Fundamental Event The
On Thursday gold prices declined lower, as the metal was consolidating its gains in the aftermath of the previously experienced sudden jump to the 1,345.00 level. However, the current decline was longer than the consolidating decline, which followed the last week's surge upwards. Meanwhile, the lower trend line of an ascending pattern was providing support together with the 100-hour SMA at the
On Thursday, the USD/JPY traded with the same high volatility. However, it had declined down and booked a new low level during the second part of the day's trading. In general, if the rate drops below and breaks off from the simple moving averages just above the 110.60 mark, it could fall as low as 110.46. Latest Fundamental Event The Federal Reserve released
The GBP/USD has traded around the weekly R2 at 1.3060. In general, the pair has been consolidating its gains, which were gained during the Tuesday's jump. Meanwhile, take into account that on Thursday the pair was being supported by the 55-hour simple moving average, which was located at 1.3030. Latest Fundamental Event The Federal Reserve released on Wednesday the US FOMC Meeting Minutes
By the middle of Thursday's trading session the EUR/USD had traded in the previous range between 1.1320 and 1.1360. The most notable update is that the EUR/USD had passed below the support of the 55-hour simple moving average. The SMA no longer had the needed strength to keep the rate up. Latest Fundamental Event The European Single Currency appreciated against the US Dollar,
As expected, the metal has reached the 1,340.00 level. Although, it has happened a lot sooner than initially assumed. Note that the surge was almost vertical. This indicates that there should be a period of trading sideways. Meanwhile, take note that the previous sideways consolidation was short lived and the surge quickly resumed. Economic Calendar Analysis This week will have various data releases
The surge of the USD/JPY continues, as the rate has made attempts to approach the 111.00 level. Although, the most notable thing about the last two trading sessions is that this week the range of volatility has increased. Namely, the hourly candles are almost twice as big as usually. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change data
Another sudden sharp move has occurred due to a fundamental announcement. Namely, Theresa May is visiting Brussels. This announcement and all the information that surrounds it caused optimism in the GBP, which propelled the currency exchange rate to surge above the 1.3060 level. Note that the results of today's talks are still set to be revealed. Combine that with the FOMC Meeting
The rate has reached the next technical resistance level at 1.1345. Although, the pair reached the resistance only after first dropping down to the 1.1280 mark. If one did not had a faraway stop loss with a small long position, it is unlikely that profits were had from this move. In addition, note that volatility had increased highly during the jump.
The surge of the metal continues. It has reached the 1,330.00 level on Tuesday. From a technical analysis perspective with the system that Dukascopy Analytics uses, the metal has no resistance and can easily surge as high as 1,340.00 during this week. However, hourly simple moving averages are indicating that the commodity is overbought. The price is far above the average