Trading Ideas

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Mon, 16 Aug 2021 06:55:46 GMT

XAU/USD maintains channel pattern

The yellow metal's price rose by 275 pips or 1.57% on Friday. The commodity breached the 200– hour simple moving average at 1769 during Friday's trading session. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Core Retail Sales and US Retail Sales are expected to be released. The Retail Sales have caused moves from 9.4 to 19.3 pips since January.

Mon, 16 Aug 2021 06:14:17 GMT

USD/JPY bears likely to prevail

Downside risks dominated the USD/JPY currency pair lower during Friday's trading session. As a result, the US Dollar fell by 91 pips or 0.83% against the Japanese Yen on Friday. Economic Calendar On Tuesday, at 12:30 GMT, the US Core Retail Sales and US Retail Sales are expected to be released. The Retail Sales have caused moves from 9.4 to 19.3

Mon, 16 Aug 2021 05:57:14 GMT

GBP/USD traders go long

The GBP/USD currency pair bounced off a support level at 1.3800 on Friday. As a result, the British Pound surged by 76 pips or 0.55% against the US Dollar during Friday's trading session. Economic Calendar On Tuesday, at 12:30 GMT, the US Core Retail Sales and US Retail Sales are expected to be released. The Retail Sales have

Mon, 16 Aug 2021 05:39:34 GMT

EUR/USD bounces off 61.80% Fibo

On Friday, the Eurozone single currency edged higher by 71 pips or 0.61% against the US Dollar. A breakout occurred through the upper boundary of a descending channel pattern during Friday's trading session. Economic Calendar Analysis On Tuesday, at 12:30 GMT, the US Core Retail Sales and US Retail Sales are expected to be released. The Retail Sales have caused moves

Fri, 13 Aug 2021 07:06:00 GMT

Gold could break channel pattern

During the first half of Thursday's trading session, Gold fell by 144 pips or 0.82% against the US Dollar. However, the commodity rebounded from a support level of 1744.8 at the end of the session. Economic Calendar Analysis XAU/USD short-term forecast Currently, the yellow metal is trading near the lower boundary of an ascending channel pattern and could be

Fri, 13 Aug 2021 07:02:07 GMT

USD/JPY consolidates below 110.60 level

The US Dollar against the Japanese Yen consolidated below the 110.60 level on Thursday. The currency pair traded between the 55– and 100– hour SMAs during Thursday's trading session. Economic Calendar USD/JPY short-term review Technical indicators suggest buying signals on the 4H and daily time-frame charts. Therefore, the exchange rate could edge higher within the following trading

Fri, 13 Aug 2021 06:30:58 GMT

GBP/USD could target 1.3750

On Thursday, the British Pound declined by 82 pips or 0.59% against the US Dollar. The currency pair tested the weekly S2 at 1.3801 during Thursday's trading session. Economic Calendar GBP/USD short-term review Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, the exchange rate could continue to trend lower during the following trading session. However, the

Fri, 13 Aug 2021 06:25:14 GMT

EUR/USD potential target at 1.1700

The common European currency has edged higher by 41 pips or 0.35% against the US Dollar since this week's trading sessions. The currency pair breached the 55- and 100- hour SMAs this week. Economic Calendar Analysis EUR/USD hourly chart's review By and large, the exchange rate could end this week on a decline. Though, given that the EUR/USD pair has

Thu, 12 Aug 2021 06:56:12 GMT

XAU/USD reaches 1755.00 level

The yellow metal's price edged higher by 267 pips or 1.55% on Wednesday. The surge was stopped by the 100– hour simple moving average during yesterday's trading session. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US Producer Price Index is set to reveal more information about inflation in the United States. XAU/USD short-term forecast All things being equal, the

Thu, 12 Aug 2021 06:46:34 GMT

USD/JPY breaks hourly channel

On Wednesday, the US Dollar declined by 50 pips or 0.45% against the Japanese Yen. A breakout occurred through the lower boundary of an ascending channel pattern during yesterday's trading session. Economic Calendar On Thursday, at 12:30 GMT, the US Producer Price Index is set to reveal more information about inflation in the United States. USD/JPY short-term review Given

Thu, 12 Aug 2021 06:35:32 GMT

GBP/USD tests 1.3886 level

On Wednesday, the British Pound edged higher by 70 pips or 0.51% against the US Dollar. The currency pair breached the upper boundary of a descending channel pattern during Wednesday's trading session. Economic Calendar On Thursday, at 12:30 GMT, the US Producer Price Index is set to reveal more information about inflation in the United States. GBP/USD short-term review The exchange rate is

Thu, 12 Aug 2021 06:16:44 GMT

EUR/USD bounces off March low

The common European currency surged by 41 pips or 0.35% against the US Dollar on Wednesday. The currency pair tested the upper line of a descending channel pattern during yesterday's trading session. Economic Calendar Analysis On Thursday, at 12:30 GMT, the US Producer Price Index is set to reveal more information about inflation in the United States. EUR/USD hourly chart's

Wed, 11 Aug 2021 06:25:10 GMT

Gold likely to trend bullish

On Tuesday, the XAU/USD exchange rate edged lower by 148 pips or 0.85%. The commodity traded above the 1720.0 level during Tuesday's trading session. Economic Calendar Analysis On Wednesday, at 12:30 GMT, the US Core Consumer Price Index is bound to cause USD volatility, which could impact the commodity. Afterwards, on Thursday, at 12:30 GMT, the US Producer

Wed, 11 Aug 2021 06:15:53 GMT

USD/JPY reaches 110.50 level

On Tuesday, the US Dollar surged by 30 pips or 0.27% against the Japanese Yen. The currency pair was guided by the 55– hour simple moving average during Tuesday's trading session. Economic Calendar On Wednesday, at 12:30 GMT, the US Core Consumer Price Index is bound to cause USD volatility, which could impact the USD/JPY pair. Afterwards, on Thursday,

Wed, 11 Aug 2021 06:10:29 GMT

GBP/USD extends decline

The British Pound has declined by 38 pips or 0.27% against the US Dollar on Tuesday. The currency pair was pressured lower by the 55– hour simple moving average during Tuesday' trading session. Economic Calendar On Wednesday, at 12:30 GMT, the US Core Consumer Price Index is bound to cause USD volatility, which could impact the GBP/USD. Afterwards, on Thursday,

Wed, 11 Aug 2021 05:41:26 GMT

EUR/USD trades near 61.80% Fibo

On Tuesday, the common European currency fell by 28 pips or 0.24% against the US Dollar. The currency pair tested the weekly S1 at 1.1712 during Tuesday's trading session. Economic Calendar Analysis On Wednesday, at 12:30 GMT, the US Core Consumer Price Index is bound to cause USD volatility, which could impact the EUR/USD. Afterwards, on Thursday, at 12:30 GMT,

Tue, 10 Aug 2021 06:50:19 GMT

XAU/USD could edge higher

The XAU/USD exchange rate bounced off a support level at 1686.0 on Monday. As a result, Gold surged by 634 pips or 3.76% against the US Dollar during yesterday's trading session. Economic Calendar Analysis On Tuesday, the US Prelim Nonfarm Productivity release at 12:30 GMT could cause a minor move on USD pairs. However, note that during most times the

Tue, 10 Aug 2021 06:45:34 GMT

USD/JPY remains below 110.59

On Monday, the US Dollar rose by 29 pips or 0.26% against the Japanese Yen. But, the currency pair remained below the 110.40 area during Tuesday's trading session. Economic Calendar On Tuesday, the US Prelim Nonfarm Productivity release at 12:30 GMT could cause a minor move on USD pairs. However, note that during most times the event does not cause

Tue, 10 Aug 2021 06:37:47 GMT

GBP/USD traders are short

The Pound Sterling edged lower by 45 pips or 0.32% against the US Dollar on Monday. The GBP/USD currency pair tested the weekly S1 at 1.3838 on Tuesday morning. Economic Calendar On Tuesday, the US Prelim Nonfarm Productivity release at 12:30 GMT could cause a minor move on USD pairs. However, note that during most times the event does not cause

Tue, 10 Aug 2021 06:29:10 GMT

EUR/USD hovers above 1.1700

On Monday, the Eurozone single currency declined by 32 pips or 0.27% against the US Dollar. The exchange rate tested a four-month low at 1.1730 during Monday's trading session. Economic Calendar Analysis On Tuesday, the US Prelim Nonfarm Productivity release at 12:30 GMT could cause a minor move on USD pairs. However, note that during most times the event does not

Mon, 09 Aug 2021 07:04:21 GMT

Gold rebounds from four-month low

The yellow metal's price has plummeted by 6.55% since Friday's trading session. However, the commodity rebounded from a support line at 1686.1 during the Asian session on Monday. Economic Calendar Analysis On Tuesday, the US Prelim Nonfarm Productivity release at 12:30 GMT could cause a minor move on USD pairs. However, note that during most times the event does not cause

Mon, 09 Aug 2021 06:40:03 GMT

USD/JPY breaks daily channel

On Friday, the US Dollar edged higher by 63 pips or 0.58% against the Japanese Yen. The USD/JPY currency pair tested the 110.40 level during Friday's trading session. Economic Calendar On Tuesday, the US Prelim Nonfarm Productivity release at 12:30 GMT could cause a minor move on USD pairs. However, note that during most times the event does not cause an

Mon, 09 Aug 2021 06:21:58 GMT

GBP/USD passes 1.3900 zone

On Friday, at 12:30 GMT, the US statisticians published monthly employment data, which caused a surge of the US Dollar. The British Pound declined by 63 pips or 0.45% against the US Dollar during Friday's trading session. The currency pair breached the 55-, 100– and 200– hour SMAs on Friday. Economic Calendar On Tuesday, the US Prelim Nonfarm Productivity release at

Mon, 09 Aug 2021 05:51:02 GMT

EUR/USD falls below 1.1800

On Friday, at 12:30 GMT, the release of US monthly employment data caused a decline, which broke the support at 1.1825. The common European currency declined by 72 pips or 0.61% against the US Dollar during Friday's trading session. Economic Calendar Analysis On Tuesday, the US Prelim Nonfarm Productivity release at 12:30 GMT could cause a minor move on USD pairs. However,

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