Trading Ideas

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Thu, 22 Jul 2021 05:32:10 GMT

EUR/USD breakout could occur

The common European currency rose by 40 pips or 0.34% against the US Dollar on Wednesday. The currency pair breached the 55– and 100– hour SMAs during Wednesday's trading session. Economic Calendar Analysis Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event

Wed, 21 Jul 2021 06:59:06 GMT

XAU/USD tests resistance level

On Tuesday, Gold declined by 185 pips or 1.02% against the US Dollar. The commodity breached the 55-, 100– and 200– hour SMAs during Tuesday's trading session. Economic Calendar Analysis Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions XAU/USD short-term forecast Bearish traders are

Wed, 21 Jul 2021 06:47:47 GMT

USD/JPY sets for breakout

On Tuesday, the US Dollar surged by 55 pips or 0.50% against the Japanese Yen. The currency pair breached the 55– and 100– hour SMAs during Tuesday's trading session. Economic Calendar Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions USD/JPY short-term review

Wed, 21 Jul 2021 06:35:31 GMT

GBP/USD bearish bias

On Tuesday, the British Pound edged lower by 93 pips or 0.68% against the US Dollar. The currency pair was pressured by the 55-, 100– and 200– hour SMAs during yesterday's trading session. Economic Calendar Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions GBP/USD

Wed, 21 Jul 2021 06:04:33 GMT

EUR/USD pressured by SMAs

The 55– hour simple moving average pressured the EUR/USD currency pair lower during Tuesday's trading session. Consequently, the Eurozone single currency declined by 45 pips or 0.38% against the US Dollar on Tuesday. Economic Calendar Analysis Click on the link below to find out more about the data releases of this and other currency exchange rates.

Tue, 20 Jul 2021 05:52:24 GMT

gold remains below 1820.00

During the second part of Monday's trading session, the yellow metal's price surged by 150 pips or 0.83%. The currency pair breached the 200– hour simple moving average at 1811.8 on Tuesday morning. Economic Calendar Analysis Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions XAU/USD

Tue, 20 Jul 2021 05:40:00 GMT

USDJPY found support at 100-day SMA

On Monday, the US Dollar plunged by 86 pips or 0.78% against the Japanese Yen. The currency pair tested the lower boundary of a descending channel pattern at 109.18 during Monday's trading session. Economic Calendar Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event

Tue, 20 Jul 2021 05:26:57 GMT

GBPUSD traders go short

Downside risks dominated the GBP/USD exchange rate on Monday. As a result, the British Pound fell by 89 pips or 0.65% against the US Dollar during Monday's trading session. Economic Calendar Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions GBP/USD short-term review All things being equal,

Tue, 20 Jul 2021 05:08:58 GMT

EUR/USD could target 1.1760

The EUR/USD currency pair bounced off a support level formed by the lower boundary of a descending channel pattern at 1.1765 on Monday. As a result, the common European currency surged by 55 pips or 0.46% against the US Dollar during Monday's trading session. Economic Calendar Analysis Click on the link below to find out more about the

Mon, 19 Jul 2021 06:20:30 GMT

XAU/USD breaks channel pattern

The yellow metal's price fell by 215 points or 1.17% during Friday's trading session. The decline was stopped by the 200– hour simple moving average at 1811.00 on Friday. Economic Calendar Analysis Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions XAU/USD short-term forecast The commodity

Mon, 19 Jul 2021 06:10:17 GMT

USD/JPY bounces off support

The US Dollar rose by 55 pips or 0.50% against the Japanese Yen on Friday. The surge was stopped by the 200– hour simple moving average at 110.20 during Friday's session. Economic Calendar Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions USD/JPY short-term

Mon, 19 Jul 2021 05:47:43 GMT

GBP/USD breaks 1.3800 level

The GBP/USD currency pair failed to surpass the resistance levels formed by the 55-, 100– and 200– hour SMAs on Friday. As a result, the exchange rate fell by 97 pips or 0.70% during Friday's trading session. Economic Calendar Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event

Mon, 19 Jul 2021 05:28:21 GMT

EUR/USD likely to maintain channel

The decline of the EUR/USD currency exchange rate found support at the lower boundary of a descending channel pattern at 1.1790. Economic Calendar Analysis Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions EUR/USD hourly chart's review In the near term future, if the currency pair surges, it

Fri, 16 Jul 2021 08:08:18 GMT

Gold trades below 1,835.00

The yellow metal failed to properly reach the 1,835.00 level before starting a retracement down. The retracement ended just above the 1,820.00 level. Since the middle of Thursday's trading, the metal has traded between the mentioned price levels. Economic Calendar Analysis Today, the release of the US Retail Sales data at 12:30 GMT could cause an increase of volatility. On Friday,

Fri, 16 Jul 2021 08:04:37 GMT

USD/JPY trades in 35 pip range

The USD/JPY currency exchange rate has revealed that it is trading sideways in a 35 base point range between the 109.74 and 110.09 levels. Meanwhile, additional resistance was being provided by the 55-hour simple moving average at 110.05 Economic Calendar Today, the release of the US Retail Sales data at 12:30 GMT could cause an increase of volatility. On

Fri, 16 Jul 2021 08:01:00 GMT

GBP/USD remains below 1.3900

The GBP/USD failed to pass the resistance zone near the 1.3900 level. Namely, the rate bounced off exactly the 1.3900 mark. This was followed by a decline to the support zone of the July 13 and 14 low levels just above the 1.3800 mark. Meanwhile, note that, by large, the rate ignores the hourly simple moving averages. Economic Calendar The week

Fri, 16 Jul 2021 07:48:08 GMT

EUR/USD large scale pattern holds

The recovery of the EUR/USD failed to pass the resistance of the 1.1850 mark. It resulted in a decline, which eventually found support in the 1.1800 level. On Friday morning, the rate was trading sideways above the 1.1800 level. Economic Calendar Analysis Today, the release of the US Retail Sales data at 12:30 GMT could cause an increase of volatility. On

Thu, 15 Jul 2021 09:34:37 GMT

Gold continues to surge

On Thursday, the yellow metal's price passed the resistance of the 1,830.00 level. The price managed to do so after finding support in the 1,820.00 level. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims could cause minor USD moves. The week will end with the US Retail Sales data at 12:30 GMT. Click on the link below to find out

Thu, 15 Jul 2021 09:28:14 GMT

USD/JPY trades below 110.00

At GMT midnight to Thursday, the USD/JPY ended trading sideways at the 110.00 level and started a decline. During the early European trading hours, the rate had reached below the 109.80 level. Meanwhile, no support was close by as far as the July low level at 109.54. Economic Calendar On Thursday, the weekly US Unemployment Claims could cause

Thu, 15 Jul 2021 09:21:15 GMT

GBP/USD remains below 1.3900

During early Thursday's trading hours, the GBP/USD currency exchange rate traded in the 1.3820/1.3870 range. Meanwhile, the pair ignored the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.3853. Economic Calendar On Thursday, the weekly US Unemployment Claims could cause minor USD moves. The week will end with the US Retail Sales data at 12:30 GMT. Click

Thu, 15 Jul 2021 08:55:11 GMT

EUR/USD extends recovery

On Thursday morning, the EUR/USD pierced the resistance of the 100 and 200-hour simple moving averages near the 1.1840 level. Economic Calendar Analysis On Friday, the release of the US Retail Sales data at 12:30 GMT could cause an increase of volatility. EUR/USD hourly chart's review In the case that the rate surges, the pair would reach the resistance of the weekly

Wed, 14 Jul 2021 14:07:09 GMT

Gold breaks resistance zone

At 12:30 GMT on Wednesday, the yellow metal's price jumped due to the release of the US Producer Price Index. The metal managed to pass the resistance zone, which was located below the 1,820.00 level. However, following the surge, the price found resistance in the 1,830.00 mark. Economic Calendar Analysis On Thursday, the weekly US Unemployment Claims could cause minor

Wed, 14 Jul 2021 14:02:15 GMT

USD/JPY drops due to US PPI

At mid-day on Wednesday, the USD/JPY currency exchange rate dropped sharply due to the release of the US Producer Price Index data. During its decline, the rate plummeted below all close by technical support levels. Economic Calendar On Thursday, the weekly US Unemployment Claims could cause minor USD moves. The week will end with the US Retail Sales data

Wed, 14 Jul 2021 13:55:23 GMT

GBP/USD tests 1.3900 resistance

The GBP/USD traded with high volatility due to the US CPI release on Tuesday. However, on Wednesday, the rate had recovered and appeared to be set for another test of the resistance zone above the 1.3900 mark. Economic Calendar On Thursday, the weekly US Unemployment Claims could cause minor USD moves. The week will end with the US Retail Sales data at

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