Since Thursday, the price for gold has been trying to surpass the 1,845.00 level. It is likely that the XAU/USD exchange rate could gain support from the 55-hour SMA near 1,833.00 and trade upwards. Economic Calendar Analysis On Friday, the US will publish monthly employment data. Namely, the Unemployment Rate, Non-Farm Employment Change and the Average Hourly Earnings. Next week, there are
During Friday morning hours, the USD/JPY currency pair reversed north from the 103.80 level. It is likely that the pair could face the resistance provided by the 55-, 100- and 200-hour SMAs, as well the weekly PP in the 104.20 area and reverse south. Economic Calendar On Friday, the US will publish monthly employment data. Namely, the Unemployment Rate, Non-Farm Employment Change
During Friday morning hours, the GBP/USD exchange rate reversed north from the 55-hour SMA near 1.3410. It is likely that some upside potential could prevail, as the rate is also supported by the 100- and 200-hour SMAs near 1.3380. Note that the rate could face the resistance level – the weekly R3 at 1.3526. Economic Calendar On Friday, the US will
The surge of the EUR/USD continues, as the currency exchange rate has passed the 1.2150 level. On the hourly candle chart there was only one technical resistance level left. Namely, the weekly R3 simple pivot point was located at the 1.2185 mark. In the meantime, the rate has surged too sharply in the recent past, which indicates that a retracement back
The bullion's price has continued to surge, as at the start of US trading hours the metal's price had touched the 1,845.00 level. It appeared that the bullion was consolidating, as it traded between the 1,835.00 and 1,845.00 levels. Economic Calendar Analysis On Wednesday and Thursday, the markets are unlikely going to be impacted by macroeconomic data releases. On those days the ADP
The resistance levels that were reached on Wednesday near the 104.75 level held, it caused a decline, which by the middle of Thursday had almost reached 104.00. During the decline, the rate passed the support of the 55, 100 and 200-hour SMAs and the simple pivot point at 104.21. Economic Calendar On Wednesday and Thursday, the markets are unlikely going to be
By the middle of Thursday's GMT trading hours, the GBP/USD had recovered the almost 150 pip losses that were suffered on Wednesday due to the UK-EU trade deal issues. Moreover, the rate had surged higher than the previous high level of 1.3440, as it had reached the 1.3450 mark. Economic Calendar On Wednesday and Thursday, the markets are unlikely going to be
The surge of the EUR/USD continues, as the currency exchange rate has passed the 2017 high level of 1.2100. On the hourly candle chart there was only one technical resistance level left. Namely, the weekly R3 simple pivot point was located at the 1.2185 mark. In the meantime, the rate has surged too sharply in the recent past, which indicates that
The recovery of the yellow metal has continued, as on Wednesday the price of the commodity reached the 1,830.00 level. This level previously provided both resistance and support to the price on November 23 and 24. Economic Calendar Analysis On Wednesday and Thursday, the markets are unlikely going to be impacted by macroeconomic data releases. On those days the ADP Non-Farm Employment
As forecast, the USD/JPY surged due to the additional support of the 55 and 200-hour simple moving averages. Namely, the rate surged as soon as the 55-hour SMA reached the rate. This resulted in a surge, which on Wednesday tested the resistance of the weekly R1 simple pivot point at 107.72 and the 104.75 high level of November 24. Economic Calendar On
During Wednesday, December 2, the British Pound lost 134 pips or 1.00% against the US Dollar. It is likely that the British Pound slipped down as the post-Brexit trade deal doubts emerged. The EU negotiator said that there was no guarantee the union would add the UK to its list of approved countries for food imports. Earlier, the EU
The rate managed to pass the resistance of the 1.2000 level. Moreover, the weekly R1 simple pivot point at 1.2020 did not stop the rate's following surge. On Wednesday morning, the currency exchange rate had bounced off the resistance of the 1.2080 mark, which was strengthened by the weekly R2 simple pivot point at 1.2075. Economic Calendar Analysis On Wednesday and Thursday, the
The yellow metal has ended its half month long decline. It was indicated by the fact that the channel down pattern, which guided the price since November 18, was broken on Tuesday morning. Economic Calendar Analysis On Tuesday, the price could be impacted by the 15:00 GMT publication of the US ISM Manufacturing PMI. On Wednesday and Thursday, the markets are unlikely going
On Tuesday, the USD/JPY ended trading around the 104.00 level. The rate started to trade above the support of the 100-hour simple moving average and the weekly simple pivot point at 104.21. In the near term future, the rate could surge, as it was being approached by two additional simple moving averages. Economic Calendar On Tuesday, the currency exchange rate could be
After two additional attempts to pass the resistance of the 1.3380/1.3400 zone, the GBP/USD retreated to the support of the 200-hour simple moving average and the weekly simple pivot point at 1.3328. If the 200-hour SMA continues to hold, another attempt at breaking the resistance zone could occur. Economic Calendar On Tuesday, the GBP/USD currency exchange rate could be impacted by the
In general, the EUR/USD has bounced off the resistance of the 1.2000. However, the pair has already found support and is set to make another attempt at the round exchange rate level. Economic Calendar Analysis On Tuesday, the EUR/USD currency exchange rate could be impacted by the 15:00 GMT publication of the US ISM Manufacturing PMI. The pair has moved from 9.1
The DUK+/EUR pair has remained below the 1.8800 level, where selling occurred the week before. In the meantime, during the week, it was spotted that the rate finds support and resistance in round price levels, despite the fact that sell and buy order clusters were not observed at these levels. Meanwhile, notable clusters of sell and buy orders have moved
On Monday, Dukascopy Analytics spotted a channel down pattern, which has been guiding the yellow metal's price decline. In the meantime, the commodity price had ended trading sideways above the 1,800.00 level and passed below it. Economic Calendar Analysis On Tuesday, the price could be impacted by the 15:00 GMT publication of the US ISM Manufacturing PMI. On Wednesday and Thursday, the markets
Since reaching the 104.00 level, the USD/JPY currency exchange rate has traded in limbo around this level, as it has fluctuated from 103.85 to 104.30 levels. In the near term future, the rate had two possible scenarios. Economic Calendar On Tuesday, the currency exchange rate could be impacted by the 15:00 GMT publication of the US ISM Manufacturing PMI. The pair has
On Monday, the GBP/USD traded between hourly simple moving averages, which provided both resistance and support. The near term future was based upon whether the rate passes the resistance of the 55 and 100-hour SMAs or the support of the 200-hour SMA. Economic Calendar On Tuesday, the GBP/USD currency exchange rate could be impacted by the 15:00 GMT publication of the
On Monday, the EUR/USD currency exchange rate was heading to the resistance of the round exchange level of 1.2000. Future forecasts were based upon what would happen at this level. Economic Calendar Analysis On Tuesday, the EUR/USD currency exchange rate could be impacted by the 15:00 GMT publication of the US ISM Manufacturing PMI. The pair has moved from 9.1 to 40.0
For a third consecutive trading session, the yellow metal has trade sideways. However, on Friday, the sideways trading had advances higher by five USD. Economic Calendar Analysis Next week, on Tuesday, the price could be impacted by the 15:00 GMT publication of the US ISM Manufacturing PMI. On Wednesday and Thursday, the markets are unlikely going to be impacted by macroeconomic data releases.
On Friday, the USD/JPY currency exchange rate retreated to trade below the technical levels that surrounded the 104.20 level. In the near term future, the rate was expected to continue to decline, as it had no support as low as 103.70. Economic Calendar Next week, on Tuesday, the currency exchange rate could be impacted by the 15:00 GMT publication of the US
The resistance of the 1.3380/1.3400 level caused another drop. This time, the rate passed the support of the 55 and 100-hour SMAs, a pivot point and broke out of the ascending triangle pattern. In the near term future, the rate was expected to test the support of the 1.3320 level and the 200-hour simple moving average. Economic Calendar Next week, on Tuesday,