On Tuesday, the USD/JPY revealed a rising wedge pattern, which had guided the rate since October 28. Meanwhile, in regards to the near term future, the pair was expected to reach for the 105.00 level. Economic Calendar US Elections on Tuesday are bound to take away all attention from the macroeconomic data releases. However, there are things to note. On the day after
At midnight to Tuesday, the GBP/USD currency exchange rate broke the channel down pattern and surged. By the middle of the day's trading hours, the pair was testing the 1.3000 mark, which was strengthened by the 200-hour simple moving average. Future scenarios were based whether or not this level is passed. Economic Calendar US Elections on Tuesday are bound to take away
The resistance of the 55-hour SMA failed to continue the decline of the EUR/USD. Instead, the rate began a surge, which reached the 1.1700 level on Tuesday morning. In the meantime, the currency exchange rate had passed the resistance of the monthly simple pivot points and the 100-hour SMA. Economic Calendar Analysis US Elections on Tuesday are bound to take away all
Dukascopy Analytics wrote at the start of the previous week that an influx of buy or sell orders could cause a move of the DUK+/EUR rate. Buy orders showed up last week and caused a test of the levels above the 2.0000 mark. Moreover, note that the rate was highly volatile, as it bounced between 2.0500 and 1.6500. Daily Candle
At the end of last week, the GBP/USD traded with high volatility, as it dropped below 1.2860 and returned to the 1.2910 level. This week, the rate began by trading above the support of the monthly simple pivot point at 1.2898 and below the resistance of the 55-hour SMA. Economic Calendar US Elections on Tuesday are bound to take away all attention
The EUR/USD started the week's trading with reaching a new low level just above the 1.1620 mark. In the near term future, the decline was expected to continue, as the rate had no technical support as low as 1.1574 and the rate was being approached by the resistance of the 55-hour SMA. Economic Calendar Analysis US Elections on Tuesday are bound to
On Friday, the yellow metal's price traded sideways between the 1,865.00 and 1,880.00 level. The price began to do so after dropping to 1,860.00 on Thursday. In the meantime, the hourly simple moving average had caught up with the price. Economic Calendar Analysis Next week, US Elections on Tuesday are bound to take away all attention from the macroeconomic data releases. However, there
Since Wednesday, the USD/JPY has continued to bounce off support levels in the 104.20/104.00 zone. At mid-day on Friday, the rate was once again heading higher after bouncing off the mentioned support. Economic Calendar Next week, US Elections on Tuesday are bound to take away all attention from the macroeconomic data releases. However, there are things to note. On Monday, the US ISM
The technical levels at 1.3030 held and caused the GBP/USD rate's decline to the 1.2900 mark. On Friday morning, the currency exchange rate found support in 1.2900 and began a surge. Economic Calendar Next week, US Elections on Tuesday are bound to take away all attention from the macroeconomic data releases. However, there are things to note. On Monday, the US ISM Manufacturing
On Thursday, the EUR/USD passed the support of the 1.1700 mark and reached a new low level at 1.1650. This level provided enough psychological support for the rate to begin a consolidating retracement up. At the start of Friday's trading, the surge ended and, during the first half of the day, the rate declined. Economic Calendar Analysis Next week, US Elections on
The drop of the yellow metal's price stopped at the 1,870.00 level, which provided support and caused a price surge. The surge reached the resistance of the 1,885.00 level. By mid-day on Thursday, the commodity has been trading sideways between the 1,875.00 and 1,885.00 levels. Economic Calendar Analysis On Thursday, at 12:30 GMT two events will be released that the financial media will
On Thursday morning, the USD/JPY rate was approached by the 55-hour SMA, which caused a drop of the rate. Moreover, the drop passed the support of the pivot points at the 104.13 level. In general, the rate had no technical support as low as the weekly S2 simple pivot point at 103.54. However, the round exchange rate level of 104.00
The Wednesday drop of the GBP/USD touched the 1.2920 level. Afterwards, the rate began a recovery. On Thursday morning, the currency exchange rate was testing the cluster of technical resistance levels at 1.3030. Economic Calendar On Thursday, at 12:30 GMT two events will be released that the financial media will talk about. However, recently both of them have not caused notable moves. The
On Wednesday, the EUR/USD found support in the 1.1720 level, which caused a surge back up to the 1.1760 level. On Thursday morning, the pair bounced off the 1.1760 level and began a new decline. Economic Calendar Analysis On Thursday, at 12:30 GMT two events will be released that the financial media will talk about. However, recently both of them have not
On Wednesday, the yellow metal's price plummeted more than 1.50%. The drop was caused by the growing strength of the US Dollar. The surge of the USD was attributed to the markets selling off various assets in preparation for the US Elections. Economic Calendar Analysis On Thursday, at 12:30 GMT two events will be released that the financial media will talk about.
The 104.60 level did not provide enough support to hold the USD/JPY rate up for long. Namely, the rate traded above the 104.60 from 13:00 GMT on Tuesday to until 01:00 GMT on Wednesday. On Wednesday, the rate reached the support levels at 104.13, which caused a retracement back up to the 104.40 mark. Economic Calendar On Thursday, at 12:30 GMT two
By the middle of Wednesday's GMT trading hours, the GBP/USD currency exchange rate had passed the support of the 1.3000 mark. In addition, the currency pair broke out of the channel up pattern that had guided the rate since late September. In regards to the near term future, the pair had no technical support as low as the weekly S1
The EUR/USD has broken out of the triangle pattern to the downside. By the middle of Wednesday's GMT trading hours, the currency exchange rate had reached the 1.1740 mark. Moreover, the pair had no support as low as the 1.1707 level, where a 61.80% Fibonacci retracement level was located at. Economic Calendar Analysis On Tuesday, the US Durable Goods Orders and Core
On Monday, the rate managed to pass the resistance of the 55 and 200-hour simple moving averages. It resulted in a failed attempt to pass the 1,910.00 level. On Tuesday, the rate had declined and found support in the 1,900.00 mark. Economic Calendar Analysis On Tuesday, the US Durable Goods Orders and Core Durable Goods Orders will be released at 12:30 GMT. On
On Tuesday, the USD/JPY retreated to the 104.60 level. The decline was caused on Monday by the resistance of the 105.00 level. The near term future was dependant on what would happen at the 104.60 mark, as this level previously provided support. Economic Calendar On Tuesday, the US Durable Goods Orders and Core Durable Goods Orders will be released at 12:30 GMT.
On Tuesday, the GBP/USD was squeezed in between the resistance of the 55-hour simple moving average and the support of the 200-hour SMA. As the 55-hour SMA was pressuring the rate from above, a classic squeeze was expected. Namely, the rate would decrease its volatility, as the SMAs approach one another, which would then result in a sudden sharp move
On Tuesday morning, a triangle pattern was spotted on the hourly chart of EUR/USD. On Tuesday morning, the rate appeared to be making an attempt to break out of the pattern to the downside. The near term future scenarios were based upon whether or not a breakout occurs. Economic Calendar Analysis On Tuesday, the US Durable Goods Orders and Core Durable Goods
As it was speculated last Monday, the DUK+/EUR made a sharp move, as soon as buying orders appeared. Namely, the rate jumped to the closest by sell orders at 1.7000. At that level selling started. By the middle of October 26 trading, the rate had retreated back to the 1.5500 level. Daily Candle Chart During the last couple of weeks it was
On Monday, the yellow metal's price surged and reached the resistance of the 55 and 200-hour simple moving averages at 1,905.00. Future forecasts were based upon whether the two technical resistance levels manage to hold the price down or not. Economic Calendar Analysis On Tuesday, the US Durable Goods Orders and Core Durable Goods Orders will be released at 12:30 GMT. On Thursday,