On Thursday, the EUR/USD traded near previous day's trading levels. The rate had been stopped by the resistance levels at 1.1250. Meanwhile the 55 and 100-hour simple moving averages were approaching the rate from below, indicating that a squeeze is about to occur. Latest Fundamental Event The European Single Currency traded sideways against the US Dollar, following the US Durable Goods Orders release
On Wednesday, the yellow metal's price fluctuated near the 1,290.00 level. During the second half of the day the price had fallen below the support of hourly simple moving averages. After falling below the SMAs the metal had no technical support as low as 1,275.00. In theory, the metal was about to fall. Economic Calendar Analysis Until Friday there are no notable macroeconomic
After trading sideways throughout the start of this week, the USD/JPY was being pushed higher on Wednesday by the 55-hour simple moving average. The surge was expected to eventually reach 111.75, as at that level the closest technical resistance was located at. Latest Fundamental Event On Monday, the US Census Bureau released the US Retail Sales data, which came lower-than-expected of -0.2% compared
By the middle of Wednesday's trading session the GBP/USD was testing the resistance of the 1.3200 level. The rate could push through the resistance level as soon as the 55-hour simple moving average approaches from below. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK Current Account release on Friday at 9:30 GMT. The GBP/USD exchange rate lost
On Wednesday, the EUR/USD currency pair had reached technical resistance levels near 1.1250. If the rate manages to surge above this level, it would reach for the pivot point at 1.1280. Latest Fundamental Event The European Single Currency traded sideways against the US Dollar, following the US Durable Goods Orders release on Tuesday at 12:30 GMT. The EUR/USD exchange rate traded in a
Gold has plummeted and quickly reached the previously set target at 1,295.00. The move has actually happened too fast. Due to that reason it is expected that the metal will consolidate and trade sideways before continuing. Economic Calendar Analysis On Friday, there will be two releases. First will be the UK Current Account publication at 09:30 GMT. This event is expected to
The forecast for the USD/JPY has failed. The rate found enough support in the 110.00 level to surge and break various technical resistance levels from 110.25 to 110.80. On Friday morning, the rate had no technical resistance as high as the 111.20 level. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic
The traders, who have continued to short the GBP/USD, were profiting on Friday, as the rate had declined down below the 1.3050 mark. Moreover, the pair had no more technical support as low as the 1.2950 level. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data released on Thursday at 09:30 GMT. The GBP/USD exchange
The EUR/USD has declined below the pivot points, which on Friday were located near the 1.1240 mark. On Friday morning, the currency exchange rate surged up to pivot point levels and confirmed them as a technical resistance. In general, it was expected that the decline will resume in the near future. Latest Fundamental Event The European Single Currency traded sideways against the US
On Thursday morning the yellow metal was testing the support of a medium scale ascending channel pattern near 1,310.00. If that support level would get passed, the commodity price would fall, as there is no technical support as low as the 1,295.00 level. Economic Calendar Analysis This is the last week of March and due to that reason it is expected to be
The USD/JPY has declined, as previously forecast. The rate reached down to almost touch the 110.00 level before ending the decline. By the middle of the day's trading the pair was reaching for the resistance levels near 110.40. It was expected by Dukascopy Analytics that the rate will bounce off the cluster and begin a decline. Latest Fundamental Event The Federal Reserve releases
As it was expected, although the technical charts signaled an upcoming surge the GBP/USD has declined due to a minor Brexit announcement. Namely, the UK Parliament denied all alternative Brexit deals. In the future the rate is still expected to follow the fundamental announcements. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data released on
On Thursday morning the EUR/USD traded near the 1.1260, where it had surged after finding support at 1.1243 level, which stopped the rate from declining below the pivot points that are located near the 1.1240 level. The rate was expected to trade sideways until it meets with the combined resistance of a channel down pattern and the 55-hour simple moving average.
As expected, gold reached down to the 1,315.00 level. There it found support at and began to trade in the range between 1,314.00 and 1,318.00. The rate was expected to break the sideways trading in the near future. Economic Calendar Analysis This is the last week of March and due to that reason it is expected to be quiet for macroeconomic fundamental data
On Wednesday the USD/JPY traded sideways below a strong resistance cluster near 110.80. In general, the rate was expected to decline, as the resistance cluster had pushed the rate down without even being properly reached. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced their vote on
As there were no new Brexit announcements, the GBP/USD has remained steady during the last twenty for hours. The rate has traded in the range from 1.3160 up to 1.3250. The sideways trading is expected to continue until the scheduled next Brexit vote occurs on Friday. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data
The EUR/USD has declined, as it was previously described in the most likely scenario. Namely, the rate was pushed down below the 1.1300 level. Although, on Wednesday morning the currency exchange rate had not reached the technical support of 1.1240, which was the target of the decline. Latest Fundamental Event The European Single Currency depreciated against the US Dollar, following the German Flash
After reaching the 1,325.00 level on Monday, gold was retreating on Tuesday down to the technical support levels near 1,315.00. At the 1,315.00 level the 55-hour simple moving average was the main support to the commodity price. Economic Calendar Analysis This is the last week of March and due to that reason it is expected to be quiet for macroeconomic fundamental data releases.
On Tuesday morning the USD/JPY was testing the resistance of the 55- hour SMA near the 110.15 level. If it gets passed, the rate could jump to reach the 110.45 level. On the other hand, the SMA might push the currency pair down to the 109.60 mark. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth
On Tuesday morning the GBP/USD was trading above a strong support cluster near 1.3200. In general, the rate was expected to surge. However, the rate's previous attempts to surge were stopped by the technical resistance of the 200-hour SMA at 1.3220. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data released on Thursday at 09:30
During the early Monday's trading hours the EUR/USD was being pushed down by the technical resistance of the 55-hour simple moving average near the 1.1320. At the same time the rate had no technical support as low as the 1.1240 level. Due to that reason a decline was expected. Latest Fundamental Event The European Single Currency depreciated against the US Dollar, following the
On Friday morning gold prices were surging up without any technical resistance level as high as the 1,320.00 level. The rate was expected to test a pivot point at 1,321.00 and the psychological resistance of the 1,320.00 level. Economic Calendar Analysis On Friday, the last event of the week will be the Canadian CPI and Core Retail Sales release at 12:30 GMT. For
The USD/JPY on Friday remained in the previous day's trading range. Namely, it fluctuated between 110.40 and 110.95. The rate is set to get additional support from the 55-day simple moving average, which on Friday was located near the 110.20 level. The approaching of the level might end the sideways trading. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where
On Friday the GBP/USD was trading near the 1.3100 level. In general, the rate was still mostly reacting to fundamental Brexit news. It makes sharp moves Brexit announcements. When the news have no new information, the currency exchange rate mostly trades sideways. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK CPI data released on Wednesday at 09:30