The surge of the USD/JPY is set to once more test the resistance of the 110.00 level. Besides the fact that this level has proven itself as a psychological resistance, there are no other obstacles to the USD/JPY to reach the 110.50 mark. Meanwhile take into account that the rate is supported by the 55 and 100-hour simple moving averages near
The resistance of a dominant pattern and the 200-day simple moving average has been broken. The rate is surging higher. Namely, on Friday, the 1.3150 level was almost touched. In general, the pair was still mostly guided by various fundamental Brexit announcements. Note that there will be a follow up article to the previous Brexit articles. There was no publication immediately after
The EUR/USD is trading with high volatility on Thursday and Friday. During the period of high volatility the pair has broken the lower trend line of a dominant ascending pattern on the hourly chart. Meanwhile, a full review of the daily chart has been conducted, as the lower trend line of a previously hypothetical and kept secret pattern at Dukascopy Analytics
On Thursday, gold prices had clearly passed the support of a long term ascending pattern. It is signalling that the metal's price will decline. If the daily chart gets looked at, it can be observed that the commodity price has no support, as low as the monthly P Latest Notable Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials
In general, the pair is still heading higher as stated before. Meanwhile, note that the hourly chart has been fully reviewed. The reason for that is the breaking of various descending patterns. Latest Fundamental Event The Bureau of Labor Statistics released US PPI data lower-than-expected of negative 0.2% compared with forecasted 0.01%. Note, that the US Core PPI was released at the same
The GBP/USD has extended its surge to the 1.3100 level. Moreover, technical charts indicated that, if the rate passes the 1.3100 level, it would reach for 1.3180. Namely, the rate would pass the resistance of a dominant pattern and the 200-day simple moving average. Afterwards it would reach for the weekly R2 at 1.3180. Read More: Dukascopy Analytics Articles Latest Fundamental Event The British
The EUR/USD has highly increased its volatility, as the rate has traded in a range of more than fifty base points during the last 24 hours. In general the rate made an attempt to approach the 1.1400 level and retreated back down to the support of a dominant ascending pattern near the 1.1340 level after failing to reach the 1.1400 level. Latest
Although the metal has not gained much, the surge of gold prices continued to surge. In general, there were no large signs indicating that the surge will stop. Both the technical and fundamental situation was indicating that a surge of the gold prices will continue and next reach for the 200-hour SMA at 1,288.40. Latest Notable Fundamental Event The Federal Reserve releases US
The forecast of the larger scale is proving to be correct. The rate has broken the short term resistance levels, signalling that it will head higher. Namely, watch the pivot points, round psychological levels, as the rate is set to surge up Latest Fundamental Event The Bureau of Labor Statistics released US PPI data lower-than-expected of negative 0.2% compared with forecasted 0.01%. Note,
On Wednesday morning the GBP/USD had retraced back up to the resistance line near the 1.3000 level. This surge exceeded the expectations of Dukascopy Analytics. In general, one should watch the 1.3000 level. If the rate surges above it, the 1.3030 will be aimed at. On the other hand a descent back down to 1.2910 might occur. Read More: Dukascopy Analytics
On Wednesday morning the EUR/USD had stopped its decline and surged back up to the levels above the 1.1350 mark. Although, the pair already on Tuesday reached the previously set target of the zone below the 1.1340. Namely, it touched it during the second half of Tuesday's trading and immediately began a surge, which reached as high as 1.1375. Latest Fundamental Event The
After meeting a lower trend line of an ascending pattern for the second time, gold jumped on Tuesday. The surge paused only at the 1,285.00 level. In general, the metal's price was expected to continue the surge. Latest Notable 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
On Tuesday, the USD/JPY traded sideways between the 109.40 and 109.50 levels. Although, the range was increasing by the middle of the day. For guidance of the future direction of the rate take into account that there is a strong technical resistance cluster at the 109.60 level and a solo support at 109.30. Latest Fundamental Event The Bureau of Labor Statistics released US
On Tuesday morning the GBP/USD was making attempt to surge above a resistance level near the 1.2910 mark. If that level would be broken, the rate could surge, in accordance with the technical charts, as high as the 1.2980 level. Read More: Dukascopy Analytics Articles Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data released on
The EUR/USD decline has continues. Namely, the currency exchange rate has reached the 1.1350 level on Tuesday morning. The rate was expected to continue its decline as low as the levels between 1.1330 and 1.1340. Latest Fundamental Event The European Single Currency appreciated against the US Dollar, following the US PPI and Core PPI release on Tuesday at 13:30 GMT. The EUR/USD exchange
The fall of the yellow metal, which was long expected, occurred on Friday. Namely, the price dropped ten dollar by 14:00 GMT on Friday. The fall though had ended, as the pair had encountered the lower trend line of a large scale ascending pattern. Latest Notable Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth insights
The surge of the USD/JPY continues. A 50.00% Fibonacci retracement level at the 109.60 mark was reached by the middle of Friday's trading session. The Fibo had forced the rate into trading sideways. Although, the sideways trading was consistent with the channel up pattern, which has been active since Tuesday. Latest Fundamental Event The Bureau of Labor Statistics released US PPI data lower-than-expected
The GBP/USD has broken a cluster of strong technical resistance levels at the 1.2900 level. The break out resulted in a quick jump to the 1.3000 mark. Afterwards, the 1.3000 level managed to force a retreat of the rate back down to the levels just above the 1.2900 mark. For a future outlook look at the technical analysis sections below. Read More:
The EUR/USD has traded almost horizontally during the past 24 hours. Meanwhile, there is a notable event that has occurred during the trading. After making many attempts to force the currency rate into a decline, the 55-hour simple moving average has failed to push the rate lower. Instead the resistance was broken by the EUR/USD. Latest Fundamental Event The European Single Currency
By the middle of Thursday's trading gold remained near the levels, where it fluctuated throughout this week. In general, it was finding support in the technical levels at the 1,291.60 mark. However, additional gains were most likely going to be limited by a descending pattern's trend line. Latest Notable Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide
The USD/JPY has continued to surge. Although, it has gained even more than it was expected, as the ascending pattern on the hourly chart has been broken. Due to the breaking of the junior and dominant patterns on the hourly chart a full review of the chart has been conducted. Read about that below. Latest Fundamental Event The Bureau of Labor Statistics released
The GBP was not influenced by the political events of Wednesday, as it has continued to trade sideways below the 1.2900 level. Meanwhile, for technical trades it should be more notable that the GBP/USD rate was making an attempt to pass a strong resistance cluster from 1.2900 to the 1.2910 level. Read More: Dukascopy Analytics Articles Latest Fundamental Event The British Pound depreciated against
The EUR/USD has reached the targeted support of the weekly S1 at the 1.1390 level. Moreover, the decline was expected to continue on Thursday morning. The rate was making attempts to decline even further, as it had made various attempts to break free from the weekly pivot point and continue its way downwards to the 1.1330 level. Latest Fundamental Event The European Single
On Wednesday, gold prices were signalling that they are about to decline, as the commodity price was piercing the support of the 200-hour simple moving average. On the hourly chart, there are no other support levels besides the mentioned SMA as low as the 1,280.00 level. Latest Notable Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth