Trading Ideas

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Fri, 06 Aug 2021 06:49:54 GMT

XAU/USD breaks support level

The 100– hour simple moving average provided resistance for the precious metal on Thursday. As a result, the XAU/USD exchange rate fell by 132 pips or 0.73% during Thursday's trading session. Economic Calendar Analysis The week will end with the Friday's release of the US employment data at 12:30 GMT. The event consists of the release of the US Average

Fri, 06 Aug 2021 06:37:41 GMT

USD/JPY awaits non-farm payroll

On Thursday, the US Dollar surged by 38 pips or 0.35% against the Japanese Yen. A breakout occurred through the upper boundary of a descending channel pattern during yesterday's trading session. Economic Calendar The week will end with the Friday's release of the US employment data at 12:30 GMT. The event consists of the release of the

Fri, 06 Aug 2021 06:23:23 GMT

GBP/USD traders await macroeconomic data

The GBP/USD currency pair bounced off a support level formed by the 200– hour simple moving average at 1.3883 on Thursday. As a result, the Pound Sterling surged by 54 pips or 0.39% against the US Dollar during yesterday's trading session. Economic Calendar The week will end with the Friday's release of the US employment data at 12:30 GMT. The

Fri, 06 Aug 2021 06:13:36 GMT

EUR/USD awaits NFP

The 55– hour simple moving average provided resistance for the EUR/USD currency pair on Thursday. As a result, the common European currency declined by 32 pips or 0.27% against the US Dollar during Thursday's trading session. Economic Calendar Analysis The week will end with the Friday's release of the US employment data at 12:30 GMT. The event consists of

Thu, 05 Aug 2021 06:19:31 GMT

Gold trades above 1805.00

The yellow metal's price tested the 1830.00 level on Wednesday. However, the XAU/USD exchange rate surrendered the earlier gains at the end of Wednesday's trading session. Economic Calendar Analysis The week will end with the Friday's release of the US employment data at 12:30 GMT. The event consists of the release of the US Average Hourly Earnings,

Thu, 05 Aug 2021 06:09:00 GMT

USD/JPY tests resistance at 109.70

The USD/JPY pair bounced off the lower boundary of a descending channel pattern at 108.80 on Wednesday. As a result, the US Dollar edged higher by 83 pips or 0.77% against the Japanese Yen during Wednesday's trading session. Economic Calendar The week will end with the Friday's release of the US employment data at 12:30 GMT. The

Thu, 05 Aug 2021 05:58:51 GMT

GBP/USD remains below 1.3900

The British Pound declined by 63 pips or 0.45% against the US Dollar on Wednesday. A breakout occurred through the lower boundary of an ascending channel pattern during Wednesday's trading session. Economic Calendar On Thursday, the top event for the GBP is scheduled. At 11:00 GMT, the Bank of England will announce its Asset Purchase Facility, Monetary Policy Report,

Thu, 05 Aug 2021 05:42:12 GMT

EUR/USD extends decline

During the first half of Wednesday's trading session, the Eurozone single currency surged by 53 pips or 0.45% against the US Dollar. But, the EUR/USD pair surrendered the earlier gains by the end of Wednesday's session. Economic Calendar Analysis The week will end with the Friday's release of the US employment data at 12:30 GMT. The event consists of the

Wed, 04 Aug 2021 06:54:04 GMT

XAU/USD bounces of support

On Tuesday, the yellow metal's price drooped by 55 pips or 0.30%. The 200– hour simple moving average provided support for the commodity during Tuesday's trading session. Economic Calendar Analysis On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The week will end with the Friday's release of the US employment data

Wed, 04 Aug 2021 06:45:11 GMT

USD/JPY tests 109.90 area

On Tuesday, the US Dollar declined by 41 pips or 0.37% against the Japanese Yen. The currency pair tested the lower boundary of a descending channel pattern during yesterday's trading session. Economic Calendar On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The rate has moved 7.8 to 20.4 pips on the release. The

Wed, 04 Aug 2021 06:28:57 GMT

GBP/USD bears likely to prevail

During the first half of Tuesday's trading session, the British Pound rose by 51 pips or 0.37% against the US Dollar. Although, the GBP/USD pair abandoned the earlier gains by the end of yesterday's session. Economic Calendar On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The GBP/USD has moved 8.9 to 18.2 pips

Wed, 04 Aug 2021 06:21:06 GMT

EUR/USD remains below 23.60% Fibo

On Tuesday, the common European currency declined by 36 pips or 0.30% against the US Dollar. The currency pair breached the 55– and 100– hour SMAs during yesterday's trading session. Economic Calendar Analysis On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The EUR/USD has moved 5.9 to 12.4 pips on the release. The week will

Tue, 03 Aug 2021 07:00:58 GMT

gold tests support at 1809.3

The XAU/USD exchange rate bounced off a support level formed by the 200– hour simple moving average at 1808.23 on Monday. As a result, the commodity surged by 127 pips or 0.70% during Monday's trading session. Economic Calendar Analysis On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The week will end with

Tue, 03 Aug 2021 06:51:11 GMT

USD/JPY breakout could occur

The US Dollar fell by 49 pips or 0.45% against the Japanese Yen on Monday. The currency pair was pressured lower by the 55– hour simple moving average during Monday's trading session. Economic Calendar On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The rate has moved 7.8 to 20.4 pips

Tue, 03 Aug 2021 06:38:00 GMT

GBP/USD could break channel

The British Pound edged lower by 43 pips or 0.31% against the US Dollar on Monday. The decline was stopped by the weekly pivot point at 1.3876 during Monday's trading session. Economic Calendar On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The GBP/USD has moved 8.9 to 18.2 pips on the release. On Thursday,

Tue, 03 Aug 2021 06:21:18 GMT

EUR/USD two scenarios likely

During the first half of Monday's trading session, the common European currency surged by 35 pips or 0.30% against the US Dollar. However, the EUR/USD pair surrendered the earlier gains by the end of Monday's session. Economic Calendar Analysis On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The EUR/USD has moved 5.9 to

Mon, 02 Aug 2021 06:52:28 GMT

XAU/USD tests 200- hour SMA

On Friday, the yellow metal's price plummeted by 195 pips or 1.07%. The commodity breached the 55– hour simple moving average during Friday's trading session. Economic Calendar Analysis Next week, on Monday, the US ISM Manufacturing PMI could cause a move. On Wednesday, at 14:00 GMT, the US ISM Non-Manufacturing PMIs is set to be released. The week will end with

Mon, 02 Aug 2021 06:44:53 GMT

USD/JPY breached 55- hour SMA

On Friday, the US Dollar edged higher by 40 pips or 0.35% against the Japanese Yen. The currency pair breached the 55– hour simple moving average during Friday's trading session. Economic Calendar Next week, on Monday, the US ISM Manufacturing PMI could cause a move. The USD/JPY has moved 9.3 to 19.4 pips on the release since March

Mon, 02 Aug 2021 06:36:56 GMT

GBP/USD short setiment remains

On Friday, the British Pound edged lower by 86 pips or 0.62% against the US Dollar. The currency pair breached the lower boundary of an ascending channel pattern during Friday's trading session. Economic Calendar Next week, on Monday, the US ISM Manufacturing PMI could cause a move. The GBP/USD has moved 11.5 to 21.6 pips on the release since March 1. On

Mon, 02 Aug 2021 06:22:17 GMT

EUR/USD bears could prevail

On Friday, the Eurozone single currency plunged by 54 pips or 0.45% against the US Dollar. The decline was stopped by the 50– hour simple moving average during Friday's trading session. Economic Calendar Analysis Next week, on Monday, the US ISM Manufacturing PMI could cause a move. The EUR/USD has moved 10.8 to 16.5 pips on the release since March 1. On

Fri, 30 Jul 2021 08:06:18 GMT

Gold bounces off July high

On Thursday, the yellow metal's price managed to pass the resistance of the zone that is located near the 1,825.00 mark. On Friday morning, the price confirmed the zone as support. Meanwhile, the July high level zone has been marked on the chart. The zone provided resistance on Thursday and caused the most recent retracement back down. Economic Calendar Analysis Next

Fri, 30 Jul 2021 07:41:54 GMT

USD/JPY passes below support levels

As the 55-hour simple moving average approached the USD/JPY from above, it pushed the USD/JPY down. At midnight to Friday, the rate had shortly reached below the 109.40 mark. Afterwards, the pair tested the resistance of the 109.60 mark and the weekly S1 simple pivot point at 109.58. Economic Calendar Next week, on Monday, the US ISM Manufacturing PMI

Fri, 30 Jul 2021 07:29:18 GMT

GBP/USD is still below 1.4000

The GBP/USD failed to reach the 1.4000 mark. On Thursday, the rate bounced off the resistance of the 1.3983 level. On Friday morning, the rate appeared to be retracing down and looking for support. Economic Calendar Next week, on Monday, the US ISM Manufacturing PMI could cause a move. The GBP/USD has moved 11.5 to 21.6 pips on the release since March

Fri, 30 Jul 2021 07:21:38 GMT

EUR/USD remains below 1.1900

During the GMT midnight hour to Friday, the EUR/USD approached the resistance of the weekly R3 simple pivot at 1.1897 and the 1.1900 mark. However, the rate reversed its direction on Friday morning and retraced down. Economic Calendar Analysis On Friday morning, at 08:00 GMT, the German Preliminary GDP could cause EUR/USD moves from 7.2 to 14.1 base points. Next week, on Monday,

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