The USD/JPY continued to trade near the 112.00 level on Wednesday. Meanwhile, the rate had touched the upper trend line of a dominant resistance line near 112.10. Latest Fundamental Event The Bureau of Labor Statistics released US CPI data that came better than expected of 0.4% compare with forecasted 0.3%. Note, that the US Core CPI was released at the same time
The GBP/USD has fallen down. During the midnight hour the currency exchange rate reached below the 1.3040 level. Moreover, on the daily chart he rate pierced the lower trend line of a dominant ascending pattern. This event signals that a decline will occur in the longer term. Latest Fundamental Event The British Pound traded sideways against the US Dollar, following the UK Average
On Wednesday, the EUR/USD was surging after finding support in the lower trend line of the ascending pattern of the hourly candle chart. The rate was about to once more test the resistance of the 1.1320 level. At that level the 55-day simple moving average was still located at. This technical level kept the currency exchange rate down since April 12. Latest
The low level set as target by Dukascopy Analytics has been reached. Gold reached the 1,282.56 level during the second half of Monday's trading session. In regards to the near term future, it is expected that the commodity price will reach new levels, as it is being pushed down by the 55-hour simple moving average. Economic Calendar Analysis This week has notable data
On Tuesday, the USD/JPY passed the support of the 55-hour simple moving average. The event was signalling that the currency exchange rate could fall down to the 111.70 level. At that level it would meet with the support of the weekly PP, 100 and 200-hour simple moving average. Latest Fundamental Event The Bureau of Labor Statistics released US CPI data that came
The GBP/USD continues to trade in limbo. Namely, it is bouncing around in the range between 1.3080 and 1.3130 since Friday. Dukascopy Analytics suggest to look for certain break outs that could signal the future direction of the pair. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK GDP data release on Wednesday at 08:30 GMT. The
The EUR/USD continues to trade above the 1.1300 level. Meanwhile, the 55 and 100-hour simple moving averages had caught up to the currency exchange rate. Due to that reason it is expected that the rate will be pushed upwards in the near future. However, the rate was still being kept down by the 55-day simple moving average. The daily chart was the
As expected, gold prices continued to fall and have reached a new low level. By the middle of Monday's trading session the commodity price had almost reached the 1,285.00 level. On Monday, Dukascopy Analytics charts had no technical support as low as the 1,282.50 level. That was used as the target for the metal's decline. Economic Calendar Analysis This week has notable data
USD/JPY has reached above the target of 112.00. Namely, during Friday's trading session the currency exchange rate reached a monthly pivot point at 112.11. On Monday, the currency pair was consolidating its gains by slightly retreating down. Latest Fundamental Event The Bureau of Labor Statistics released US CPI data that came better than expected of 0.4% compare with forecasted 0.3%. Note, that the
On Monday morning the GBP/USD traded in limbo below the 1.3100 level. Namely, it was squeezed in between the resistance of the 1.3100 and the support of the weekly pivot point at 1.3080. In addition, note that the 1.3080 level had additional support that was provided by the 55 and 100-hour simple moving average. Latest Fundamental Event The British Pound appreciated against the
The EUR/USD has surged above the upper trend line of an ascending pattern. That way the pair has gained even more than previously expected. In regards to the near term future, traders have to watch the daily candle chart to see that the rate is being kept down by the 55-day simple moving average. Latest Fundamental Event The European Single Currency depreciated against
The previously started decline of the gold price continued on Friday. The metal had fallen down to the 1,290.00 level. In addition, the decline was expected to continue in the near future. Economic Calendar Analysis This week's data releases have ended. Wait for Monday, as on that day Dukascopy Analytics will publish the weekly Economic Calendar Overview. In the video all of the
The USD/JPY rate is skyrocketing. As soon as it broke the resistance of a descending channel on Thursday, a break out occurred, which caused a massive surge. By the middle of Friday's trading session the rate was about to reach the resistance of the 112.00 level. Latest Fundamental Event The Bureau of Labor Statistics released US CPI data that came better than expected
The support levels, which kept up the GBP/USD previously, have failed. The currency exchange rate has fallen below the 1.3060 level. Moreover, the technical analysis levels started to keep the rate from recovery by providing resistance near 1.3070. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK GDP data release on Wednesday at 08:30 GMT. The GBP/USD exchange
The EUR/USD continues to trade in the range between 1.1250 and 1.1300. Although the rate has kept in this range, it has pierced the resistance level at 1.1290, which kept it from surging previously. If the rate clearly passes the mentioned resistance, in theory it should surge up to the 1.1325 level. Latest Fundamental Event The European Single Currency depreciated against the US
Gold reached the target of 1,310.00 on Wednesday. After touching the level gold began to decline. By the middle of Thursday's trading session the yellow metal's price was located at the 1,305.00 level. At that level the price was supported by the 55-hour SMA and the lower trend line of a channel up pattern. Economic Calendar Analysis On Thursday, the week's events
After declining on Wednesday, the USD/JPY on Thursday was back up at the resistance of the 55-hour simple moving average and upper trend line of a descending channel pattern. Meanwhile, the rate was trading in limbo around the weekly S1 at 111.10. Latest Fundamental Event The Bureau of Labor Statistics released US CPI data that came better than expected of 0.4% compare
On Thursday, the GBP/USD traded near the 1.3100 level just as during the previous trading session. The rate had held up despite recent Brexit developments, as the technical support levels located from 1.3060 to 1.3090 were strong enough to support the GBP against the USD. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK GDP data release
The EUR/USD increased its volatility due to the ECB. Although, in general the ECB did not reveal new information. Due to that reason the rate was back to previous levels in a couple of hours after the ECB press conference. Meanwhile, it is more noteworthy to mention that the high volatility of the EUR/USD remained in the borders of an ascending
Gold is making attempts to surge through the resistance of the 1,305.00 level. It is making short lived surges above it before declining back down. Although, the situation could change in the future, as during the second half of Wednesday's trading the 55-hour simple moving average was approaching the commodity price from below. Economic Calendar Analysis Wednesday will end with an above all
On Wednesday, USD/JPY tested the combined resistance of a 55-hour SMA and an upper trend line of the medium scale descending pattern at 111.30. As the rate failed to pass the level, it was expected to trade sideways until it gets additional technical support from the lower trend line of a dominant pattern. Latest Fundamental Event The Bureau of Labor Statistics released
On Wednesday, the GBP/USD was expected to be impacted by the Brexit summit occurring in the EU. Namely, Theresa May is meeting with the heads of the EU. Due to that reason both the chart and trader sentiment is neutral, as the pair trades sideways and open short and long positions are balanced. Latest Fundamental Event On Wednesday morning, the UK GDP and
On Wednesday morning, the EUR/USD was being pushed up by the support of the 55-hour simple moving average, which was pushing it to once more test the resistance of a pivot point at 1.1280. Due to the fact that the monthly pivot point had become a solo resistance, it was possible that it will be broken and the EUR/USD would reach
After trading sideways near the 1,300.00 level gold was surging on Tuesday morning. The price was still expected to climb higher, as it had no technical resistance as high as 1,309.30. Economic Calendar Analysis This week data releases are set to start on Wednesday. On that day the calendar is full of events that have impacted various currencies in the past. During the