Trading Ideas

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Wed, 04 Dec 2019 10:26:00 GMT

EUR/USD traders are short

On Wednesday, the EUR/USD remained near previous trading session levels, as it bounced between 1.1090 and 1.1080. In the meantime, the rate had been approached by the 55-hour simple moving average, which during the morning hours was located at 1.1065. Fundamentals Crash US Dollar Since Monday, December 2, the US Dollar has been depreciating. Most likely, the Greenback is pressured by various fundamental

Tue, 03 Dec 2019 15:09:05 GMT

Gold jumps on fundamentals

Gold jumped on Tuesday, as this review was being written. The main reason for the surge was the fall of the US Dollar caused by EU-US trade dispute. Namely, the US retaliated against French digital tax by setting tariffs. The event was followed by an EU announcement that retaliation is upcoming. Meanwhile, from a technical perspective, the metal had no

Tue, 03 Dec 2019 14:42:26 GMT

USD/JPY Swiss traders profit

The USD/JPY has plummeted below the 108.70 level. The fall of the US Dollar started on Monday and it was mostly fuelled by fundamentals. Among them was the weakness caused by US trade tariffs, a trade dispute with the EU, Cuban retailers moving away from using the USD and lower than expected US ISM Manufacturing PMI survey results. Economic Calendar This week

Tue, 03 Dec 2019 14:20:00 GMT

GBP/USD reaches above 1.3000

The GBP/USD has surged to new high levels and even pierced the 1.3000 level. The surge was cause by various fundamentals. Among them was the weakness caused by US trade tariffs, a trade dispute with the EU, Cuban retailers moving away from using the USD and lower than expected US ISM Manufacturing PMI survey results. Economic Calendar This week the rate might

Tue, 03 Dec 2019 13:48:57 GMT

EUR/USD reaches new high

The volatility of the EUR/USD increased in the second part of Monday's London trading hours. The currency exchange rate surged, as various fundamental news decreased the value of the US Dollar. Among these was a trade dispute between the EU and the US, Cuban retailers moving away from using the USD, tariffs on Latin American imports and lower than forecast

Mon, 02 Dec 2019 16:02:43 GMT

DUK+/EUR aims at 1.0100 support

On Wednesday, November 27, the DUK+/EUR rate pierced the trend line, which supported it since October 21. It signalled that a decline is about to occur. By the middle of Monday's, December 2, London trading hours, the decline of the rate had touched the 1.0400 level. The price had declined by almost 23%. The fall was attributed to the crypto

Mon, 02 Dec 2019 14:17:27 GMT

Gold signals surge as traders remain long

By the middle of Monday's London trading session, the yellow metal had traded between 1,454.00 and 1,462.00. In general, the 1,454.00 level continued to support the metal. In the meantime, the rate was being kept down by the 200-hour SMA and a 23.60% Fibo just above the 1,462.00 mark. In the meantime, a channel up pattern has been spotted on the

Mon, 02 Dec 2019 13:51:54 GMT

USD/JPY bounces off 109.70

On Monday morning, the USD/JPY tested the resistance of the 109.70 level. Near that level resistance is provided by a 50.00% Fibonacci retracement level and a trend line, which connects the high levels of 2018 and 2019. Note that one has to zoom out the chart for the historical price information to load and the reference points for the two year

Mon, 02 Dec 2019 13:13:37 GMT

GBP/USD finds support and surges

On Monday, the GBP/USD found support in a cluster of technical levels just below the 1.2900 mark and began a surge. By the middle of the day, the surge was expected to reach the 1.2950 level. At that level, the pair should encounter the psychological resistance, which stopped the rate's last week's surge. Economic Calendar This week the rate might get impacted by

Mon, 02 Dec 2019 12:13:40 GMT

EUR/USD stands at 1.1010

On Monday, the EUR/USD traded at technical support levels that were concentrated at 1.1010. At that level two SMAs and the weekly simple pivot point were located at. The near term future forecasts were based upon what would happen at this level. In the meantime, take into account that there was a large increase of volatility on Friday. A detailed report on

Fri, 29 Nov 2019 11:57:41 GMT

Gold ignores SMAs

The yellow metal's price has broken a channel down pattern. In addition, the resistances of the 55 and 100-hour simple moving averages were passed on Friday. Meanwhile, it was spotted that round price levels were having bigger impact on gold than the simple moving averages. Due to that reason it was more valuable to watch them. Economic Calendar Analysis This week there

Fri, 29 Nov 2019 11:39:39 GMT

USD/JPY traders are massively short

The USD/JPY has broken an ascending channel pattern by trading sideways. Namely, it has remained between a pivot point at 109.47 and the resistance of a 50.00% Fibonacci retracement level at 109.58. The rate is expected to remain between these levels until the support of the 55-hour simple moving average approaches the pair. The SMA could push the rate higher and

Fri, 29 Nov 2019 11:12:25 GMT

GBP/USD might sharply decline

On Friday, the GBP/USD retreated to the last technical support level that it has above the 1.2780 level. Namely, the weekly pivot point at 1.2883. If the rate passes this level on Friday, a sharp decline could start. However, take into account that our analysts spotted a trend line, which could slow down a fall of the rate near the 1.2850

Fri, 29 Nov 2019 10:52:27 GMT

EUR/USD situation remains unchanged

On Friday morning, the EUR/USD traded below the 55 and 100-hour simple moving averages, which had provided resistance to the rate since the middle of the night in GMT hours. In general, the previous short term forecast was still valid. The SMAs were expected to push the currency exchange down to the weekly pivot point at the 1.0994 level. Economic Calendar Analysis This

Thu, 28 Nov 2019 15:26:18 GMT

Gold remains above 1,450.00

On Thursday, the yellow metal's price remained near previous levels. Namely, it fluctuated between 1,454.00 and 1,458.00. From a technical perspective, the price was expected to reach the support of the 1,450.00 level, as soon as the 100-hour SMA approaches the metal's price from above. Economic Calendar Analysis This week there are no more data releases, which might impact this rate. Meanwhile,

Thu, 28 Nov 2019 14:59:44 GMT

USD/JPY surges as forecast

Shortly after Dukascopy Analytics published Wednesday's review, the USD/JPY managed to break the resistance of the 109.20 level. It resulted in a sharp surge that reached 109.60. The rate bounced off this level. By the middle of Thursday's trading the rate had retreated, consolidated and resumed its surge. Namely, it was set to again test the 109.60. Economic Calendar This week there are

Thu, 28 Nov 2019 14:34:58 GMT

GBP/USD looks for support

In the second half of Thursday's London trading session, the GBP/USD traded above the support of the 200-hour simple moving average at 1.2905. In general, the rate was expected to surge as soon as the additional technical support of the 55 and 100-hour simple moving averages approaches the pair from below. Economic Calendar This week there are no more data releases, which might

Thu, 28 Nov 2019 10:38:35 GMT

EUR/USD reaches target

On Wednesday, the EUR/USD reached the support of the 1.1000 level and the weekly S1 at 1.0994. Namely, the rate reached below the expected level. At the pivot point, the rate found support and began a surge, which by the middle of Thursday's trading had reached the resistance of the 100-hour simple moving average at 1.1018. Economic Calendar Analysis This week there are

Wed, 27 Nov 2019 13:19:23 GMT

Gold signals a decline

Throughout the first half of Wednesday's trading, gold was kept up by the 55-hour SMA, which provided support. Just after midday, the metal's price declined below it, signaling a decline. In theory, in the near term future, the metal should decline to the psychological support of the 1,450.00 mark, which provided support on Tuesday. Economic Calendar Analysis This week there are no

Wed, 27 Nov 2019 12:55:45 GMT

USD/JPY tests 109.20 level

On Wednesday, the USD/JPY made another attempt to pass the resistance of the 109.20 level. The level managed to hold and forced the pair into a retreat down to the lower trend line of a channel up pattern. The future forecasts were based upon whether or not the supporting trend line of the pattern causes a surge. Economic Calendar This week there are

Wed, 27 Nov 2019 12:28:32 GMT

GBP/USD breaks descending pattern

By the time the GBP/USD Trading Idea publication was made, the second scenario of the morning GBP/USD Technical Analysis article became reality. The pair broke the upper trend line of a channel down pattern. By the middle of Wednesday's London Trading session, the rate had also surged above technical levels that were located near 1.2880. Economic Calendar This week there are no

Wed, 27 Nov 2019 12:08:39 GMT

EUR/USD remains above 1.1000

On Wednesday, the EUR/USD traded near previous session's levels. In the meantime, take into account that the 55-hour SMA did not manage to push the rate down on Tuesday. In regards to the near term future, the pair was still expected to reach for the support of the 1.1000 level. Economic Calendar Analysis This week there are no more data releases, which might

Tue, 26 Nov 2019 14:50:54 GMT

DUK+/EUR tests high level

Last week, Dukascoin found support in 1.1700 and made another attempt to pass the resistance of the 1.3900 level. This week, on Monday, the DUK+/EUR rate had retreated and found support in an ascending trend line at 1.2000. In regards to the near term future, the pair was expected to once more make an attempt to pass the 1.3900 level. Daily

Tue, 26 Nov 2019 14:31:27 GMT

Gold faces hourly SMA

On Tuesday, gold made an attempt to surge, which was stopped by the resistance of the 55-hour simple moving average near 1,460.17. The SMA was expected to push the rate into a test of the support of the 1,450.00 level. Economic Calendar Analysis The pair could be slightly impacted by the US publications on Wednesday. At 13:30 GMT, the US Durable Goods Orders,

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