On Friday, the EUR/USD decreased volatility and continued to trade near the 1.1345 level where the weekly R1 was located together with the 55-hour simple moving average. Meanwhile, take into account that on Thursday the 100-hour SMA approached the pair from the below. It began to provide significant support. Namely, the SMA managed to keep the rate from declining. Latest Fundamental Event The
On Thursday gold prices declined lower, as the metal was consolidating its gains in the aftermath of the previously experienced sudden jump to the 1,345.00 level. However, the current decline was longer than the consolidating decline, which followed the last week's surge upwards. Meanwhile, the lower trend line of an ascending pattern was providing support together with the 100-hour SMA at the
On Thursday, the USD/JPY traded with the same high volatility. However, it had declined down and booked a new low level during the second part of the day's trading. In general, if the rate drops below and breaks off from the simple moving averages just above the 110.60 mark, it could fall as low as 110.46. Latest Fundamental Event The Federal Reserve released
The GBP/USD has traded around the weekly R2 at 1.3060. In general, the pair has been consolidating its gains, which were gained during the Tuesday's jump. Meanwhile, take into account that on Thursday the pair was being supported by the 55-hour simple moving average, which was located at 1.3030. Latest Fundamental Event The Federal Reserve released on Wednesday the US FOMC Meeting Minutes
By the middle of Thursday's trading session the EUR/USD had traded in the previous range between 1.1320 and 1.1360. The most notable update is that the EUR/USD had passed below the support of the 55-hour simple moving average. The SMA no longer had the needed strength to keep the rate up. Latest Fundamental Event The European Single Currency appreciated against the US Dollar,
As expected, the metal has reached the 1,340.00 level. Although, it has happened a lot sooner than initially assumed. Note that the surge was almost vertical. This indicates that there should be a period of trading sideways. Meanwhile, take note that the previous sideways consolidation was short lived and the surge quickly resumed. Economic Calendar Analysis This week will have various data releases
The surge of the USD/JPY continues, as the rate has made attempts to approach the 111.00 level. Although, the most notable thing about the last two trading sessions is that this week the range of volatility has increased. Namely, the hourly candles are almost twice as big as usually. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change data
Another sudden sharp move has occurred due to a fundamental announcement. Namely, Theresa May is visiting Brussels. This announcement and all the information that surrounds it caused optimism in the GBP, which propelled the currency exchange rate to surge above the 1.3060 level. Note that the results of today's talks are still set to be revealed. Combine that with the FOMC Meeting
The rate has reached the next technical resistance level at 1.1345. Although, the pair reached the resistance only after first dropping down to the 1.1280 mark. If one did not had a faraway stop loss with a small long position, it is unlikely that profits were had from this move. In addition, note that volatility had increased highly during the jump.
The surge of the metal continues. It has reached the 1,330.00 level on Tuesday. From a technical analysis perspective with the system that Dukascopy Analytics uses, the metal has no resistance and can easily surge as high as 1,340.00 during this week. However, hourly simple moving averages are indicating that the commodity is overbought. The price is far above the average
The USD/JPY has hit the previously set target. Namely, on Tuesday the pair hit the resistance of the 61.80% Fibonacci retracement level at 110.80. If the Fibo is confirmed as a support level, the rate will aim higher and head for the next resistance level near 111.00. At that level a monthly pivot point is located at. Latest Fundamental Event The Bureau of
Main focus on Tuesday morning was on the UK's Average Earnings Index, which caused a small increase of volatility on all GBP pairs. Although, only a minute after the data was published the GBP pairs were back near previous levels. The GBP/USD was not an exception to the rule. The review of the event will be available soon in the fundamental
On Tuesday morning the EUR/USD suddenly jumped just before the middle of the day, as it broke three resistance levels near 1.1300. The surge paused at the 1.1320 level. However, from a technical perspective the rate faced no resistance as high as the 1.1345 level. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Retail Sales
On Monday, the metal broke a resistance line of a large scale pattern and surged above the 1,325.00 level. This event signals that the commodity price will continue to surge higher. However, simple moving averages indicate that the recent surge has brought the metal into the overbought zone. Economic Calendar Analysis This week will have various data releases in various countries that will
On Monday the USD/JPY traded sideways as it was being kept down by simple moving averages of the hourly chart. If the rate manages to break the resistance of these simple moving averages, it will approach the next technical resistance. Namely, a 61.80% Fibonacci retracement level at 110.80 will get approached. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change
The GBP/USD has jumped to the 1.2940 level on Monday. The rate has surged almost 1.30% during the last three trading sessions. By the middle of the day's trading the pair was signalling that it might reach even higher, as soon as it consolidates its recent gains. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales
By the middle of Monday's trading the EUR/USD had passed a significant technical resistance at 1.1320. In general, the pair had no resistance as far as 1.1345. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US Retail Sales data released on Thursday at 13:30 GMT. The EUR/USD exchange currency rate gained 19 pips or 0.17% during
During Friday morning hours, the yellow metal was supported by the 100-hour and the 200-hour simple moving averages to push the rate to surge towards the 1,314.00 level. Economic Calendar Analysis This week will be busy for macroeconomic data releases. With the exception of Tuesday, on each day there is a notable data release. On Tuesday the heads of Bank of England and
The USD/JPY passed through the support of the weekly R1 at the 110.51 mark. On Friday morning, the 200-hour simple moving average supports the currency exchange rate to trade at 110.38 mark. In general, the surge could continue as high as the 111.20 level. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change data better-than-expected of 304K compared to
On Friday, the British Pound was located below the weekly S1 at the 1.2805 mark. In regards to the future, the pair was facing a strong support cluster. If the support gets passed, the rate would decline as low as 1.2720. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK BOE Official Bank Rate data release on
The European Single Currency passed the support level of the weekly S1 at the 1.1276 mark. The rate declines towards the weekly S2 at the 1.1229 mark. Most likely, the EUR/USD will meet 61.80% Fibonacci retracement level at the end of the trading week. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US FOMC
During Thursday's morning hours, the gold passed the support level of the monthly pivot point at the 1,308.46 mark to decline towards the medium pattern line at 1,302.00. Economic Calendar Analysis This week will be busy for macroeconomic data releases. With the exception of Tuesday, on each day there is a notable data release. On Tuesday the heads of Bank of
The USD/JPY broke the dominant pattern line at the 110.82 mark to trade sideways during Wednesday's trading session. In general, the surge could continue as high as the 111.20 level. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change data better-than-expected of 304K compared to forecast 165K. Note, that the Average Hourly Earnings and the Unemployment Rate were
On Thursday, the British Pound passed the support level of the 62.30% Fibonacci retracement level at the 1.2864 mark. In regards to the future, the pair was facing a strong support cluster. If the support gets passed, the rate would decline as low as 1.2720. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK BOE Official Bank