On Wednesday, the GBP/USD traded between various technical levels near 1.2320. In addition, it had broken the previously described channel down pattern. In regards to the near term future, there could be either a surge up to 1.2400 or a drop to 1.2200. Economic Calendar As it occurred during the last week, due to the fundamental changes in the markets,
Despite piercing the 1.0900 level, the EUR/USD pair did not reach for the 200-hour SMA. Instead, the rate bounced off the 1.0930 mark and began a decline. By the middle of Wednesday's GMT trading hours, the currency exchange rate had reached the support of the 55 and 100-hour simple moving averages near 1.0850. Economic Calendar Analysis As it occurred during the
The scenario of the metal's price surge up to the 1,670.00 level has become reality. The metal reached the target shortly before GMT midnight hours. On Tuesday, after touching the 1,675.00 level, the price began a decline, which was finding support in the 1,650.00 level. Economic Calendar Analysis As it occurred during the last week, due to the fundamental changes in the markets,
The USD/JPY made two failed attempts to pass the resistance of the 109.30 level. Afterwards, the currency exchange rate declined until it found support of the 55-hour simple moving average. By the middle of Tuesday's GMT trading hours, the rate had surged, as it was pushed up by the mentioned SMA. Economic Calendar As it occurred during the last week, due to
On Tuesday morning, the GBP/USD bounced off a supporting trend line and surged up to the 1.2350 level. By doing this, the currency exchange rate revealed a channel down pattern. Meanwhile, the rate managed to pass the resistance of the 55, 100 and 200-hour simple moving averages and the simple weekly pivot point. Economic Calendar As it occurred during the
The EUR/USD did not decline, as forecast. Instead of declining, the currency exchange rate surged on Tuesday. By the middle of the day's GMT trading hours, the rate had broken the resistance of the 55 and 100-hour simple moving averages. Moreover, the pair broke the upper trend line of the channel down pattern, which captures the rates decline since
The decline of the DUK+/EUR currency exchange rate has reached the 1.3000 level. However, various signs indicated that the decline of the Dukascoin is unlikely going to continue. Daily Candle Chart On the daily candle chart, the rate has left above it the 55 and 100-day simple moving averages, which at the start of the week were located near
On Monday, the yellow metal's price tested the resistance of the 1,640.00/1,645.00 zone. This zone stopped the metal's attempts to surge in late March. The commodity price's future was based upon what would happen in the zone. Economic Calendar Analysis As it occurred during the last week, due to the fundamental changes in the markets, Dukascopy Analytics suggest to note the scheduled macroeconomic
On Monday morning, the USD/JPY reached the 109.40 level. The pair traded at this level shortly, as it tested the resistance of three technical levels from 109.24 to 109.40. By the middle of the day's GMT trading hours, the pair had bounced off the resistance levels and was declining. Economic Calendar As it occurred during the last week, due to the fundamental
On Monday morning, the GBP/USD tested a strong resistance cluster, which was located from 1.2311 to 1.2356. In regards to the near term future, the pair had a couple of possible scenarios. Economic Calendar As it occurred during the last week, due to the fundamental changes in the markets, Dukascopy Analytics suggest to note the scheduled macroeconomic events, but avoid
The EUR/USD started the week by trading sideways near the 1.0800 level. However, the consolidation was about to end, as the rate was approached by the resistance of the 55-hour simple moving average near 1.0840. In theory, the SMA should push the rate down. In the case of a decline, the pair could look for support in the 1.07500 mark. US
On Thursday, the yellow metals price was successful on its third attempt to pass the resistance of the 1,600.00 level. By the middle of Friday's GMT trading hours, the rate had reached the 1,620.00 level. In the future, the pair was expected to use the support of the hourly simple moving averages to reach for the 1,640.00 level, which was slowing
At mid-day on Thursday, a fundamental jump occurred on the USD/JPY charts. During the sudden surge, the rate passed the resistance of the 55 and 100-hour simple moving averages and a 38.20% Fibonacci retracement level from 107.60 to 107.90. On Friday, these levels provided support, and the pair continued its surge. Economic Calendar As it occurred during the last week, due to
On Friday, the GBP/USD plummeted, as it passed the support of a monthly pivot point at 1.2345 and a 50.00% Fibonacci retracement level at 1.2311. The rate had no technical support as low as the 1.2200 level, where it could meet with the 200-hour simple moving average. Economic Calendar As it occurred during the last week, due to the fundamental
On Friday morning, the EUR/USD passed below technical support levels near 1.0800. The pair was expected to continue to decline, as it had no other technical support. Meanwhile, it appears that despite massive bad US data is being released, the US Dollar is not losing value. US Unemployment Claims The Euro depreciated against the US Dollar, following the US Unemployment Claims data
Since Wednesday morning, the yellow metal's price had been fluctuating between the 1,575 and 1,600.00 level, as the 1,600.00 kept providing resistance. In addition, by the middle of Thursday's GMT trading hours, the commodity price had additional resistance, which was provided by the 55 and 200-hour simple moving averages. Economic Calendar Analysis During this week, data can be ignored, as the fundamental background
Since the middle of Wednesday's GMT trading hours, the USD/JPY has traded almost sideways. However, the pair had begun to trade below the 107.50 mark. In the meantime, it could be spotted that the rate is being supported by the 107.00 level. In regards, to the near term future, the rate was expected to trade between 107.00 and 107.50 until
Since the middle of Wednesday's GMT trading hours, the GBP/USD currency exchange rate has trade sideways near the 1.2400 level. By the middle of Thursday's trading, the rate was approached by the support of the 55 and 100-hour simple moving averages, which, in theory, should push the pair up. Economic Calendar This week, data can be ignored, as the fundamental
Previously, on Wednesday, the US reached the support of the 200-hour simple moving average above the 1.0900 mark. On Thursday, the EUR/USD was being pushed up by the 200-hour SMA and was about to face the resistance of the 55-hour SMA and the weekly simple pivot point at 1.0977. Economic Calendar Analysis This week, data can be ignored, as the fundamental
As forecast, gold reached the support of the 200-hour simple moving average, as soon as the 1,600.00 level's support failed and was confirmed as resistance. On Wednesday, the pair found support in the 200-hour SMA, 1,570.00 level and the new monthly simple pivot point at 1,577.89. Economic Calendar Analysis During this week, data can be ignored, as the fundamental background has changed due
The USD/JPY did not reach the cluster of resistance levels that was located above 109.00. Instead the rate bounced off the 108.75 level and declined to the 107.50 mark. By the middle of the day's GMT trading hours, the rate was expected to head for a strong cluster of technical resistance levels that was spread from 109.10 to 109.34. Economic Calendar During
On Tuesday, the GBP/USD fulfilled one of the previously described scenarios, as it broke the resistance of the 55-hour simple moving average and reached for the resistance of the 1.2450 level. Afterwards, the rate bounced off this level. On Wednesday, the rate had declined to the support of the new simple monthly pivot point at 1.2345. In addition, the
On Tuesday, the EUR/USD did not drop to the 200-hour SMA. Instead, it found support in the round level of 1.0950. Afterwards, the pair surged up to the resistance of the 55 and 100-hour simple moving averages. On Wednesday morning, the pair had bounced off the SMAs and was heading down to once again test the support of the 1.0950
On Tuesday, the yellow metal declined to the 1,600.00 level. By reaching that level the commodity price passed the support of the monthly pivot point and the 55 and 100-hour simple moving averages. In general, if the support of the 1,600.00 would fail, the pair could drop as low as the 200-hour simple moving average near 1,572.00. Economic Calendar Analysis During this week,