On Monday, the GBP/USD dropped to the support of the weekly S1 simple pivot point at 1.3145. Near term forecasts were based upon what would happen at this level. In the meantime, the pair has broken a long term channel pattern. Economic Calendar There are only couple events expected that could affect the GBP/USD rate. On Thursday, at 12:30 GMT a group of
On Monday, the EUR/USD traded in the previous range between the lower trend line of a channel up pattern and the resistance of technical levels near 1.1870. In the meantime, it was spotted that the rate had begun to ignore the 55-hour SMA. In the near term future, the exchange rate was expected to remain between 1.1870and 1.1800. Economic Calendar Analysis There
Since Thursday, the XAU/USD has been consolidating in the 1,935.00 area. Given that yellow metal is pressured by the 55- and 200-hour moving averages, it is likely that some downside potential could prevail in the market. Economic Calendar Analysis On Friday, both Canada and the US are set to release their monthly employment data at 12:30 GMT. Depending on the currencies that one
Since Wednesday morning, the USD/JPY currency exchange rate has been surging with low volatility. Economic Calendar On Friday, both Canada and the US are set to release their monthly employment data at 12:30 GMT. Depending on the currencies that one trades, one needs to look at different data tables, as reactions to the event vary. Next week, there are not so
On Thursday, the GBP/USD exchange rate tested the support formed by the weekly and monthly PPs at 1.3250. Given that the rate is pressured by the 55- and 100-hour SMAs, it is likely that the rate could consolidate. Economic Calendar On Friday, both Canada and the US are set to release their monthly employment data at 12:30 GMT. Depending on the currencies
On Thursday, the EUR/USD currency pair reversed north from the lower line of the medium-term ascending channel. From a theoretical perspective, it is likely that some upside potential could prevail in the market. Economic Calendar Analysis On Friday, both Canada and the US are set to release their monthly employment data at 12:30 GMT. Depending on the currencies that one trades, one
The squeeze of the yellow metal ended with a break out. Namely, the yellow metal's price broke out of it to the downside and reached below 1,935.00 level. Afterwards, the rate retraced back up to the resistance of the 200-hour SMA, which provided resistance near 1,950.00 and caused a decline. By the middle of Thursday's trading, the rate had touched
Since Wednesday morning, the USD/JPY currency exchange rate has been surging with low volatility. On Thursday, the rate had reached the 106.35 level. Economic Calendar On Thursday, watch the economic calendar two times during the day. At 12:30 the weekly US Unemployment Claims are set to be released. At 14:00 GMT, the US ISM Non-Manufacturing PMI results will be published.
The 100-hour SMA failed to keep the rate up on Wednesday. On Thursday morning, the currency exchange rate was located at the 1.3280 level and had no technical support as low as a cluster of levels near 1.3250. Economic Calendar On Thursday, watch the economic calendar two times during the day. At 12:30 the weekly US Unemployment Claims are set to
The decline of the EUR/USD has continued in a sharp manner. On Thursday morning, the pair had reached the lower trend line of the medium scale channel up pattern. In theory, the trend line should cause a surge in the borders of the pattern. Economic Calendar Analysis On Thursday, watch the economic calendar two times during the day. At 12:30 the weekly
On Wednesday morning, the yellow metal's price had declined and started to trade between hourly simple moving averages. Namely, between the support of the 100-hour SMA and the resistance of the 55-hour SMA. Economic Calendar Analysis At 12:15 on Wednesday, the ADP Non-Farm Payrolls could cause a move. Dukascopy Analytics usually ignore this event because prior to August the EUR/USD move range was
On Wednesday, the USD/JPY traded above the technical levels that surround the 106.00 level. In theory, the pair should surge up to the weekly R1 simple pivot point at 106.48. Economic Calendar At 12:15 on Wednesday, the ADP Non-Farm Payrolls could cause a move from 5.5 to 17.7 pips. Dukascopy Analytics usually ignore this event because prior to August the EUR/USD
The surge of the GBP/USD managed to reach the 1.3480 level before a retracement back down started. By the middle of Wednesday's GMT trading hours, the rate's decline had been slowed down by the 55 and 100-hour simple moving averages. The near term forecasts were based upon what would happen at the support of the 100-hour SMA, which appeared to
The currency exchange rate respected the medium size channel up pattern, as it bounced off its resistance line and declined. On Wednesday morning, the currency exchange rate had reached the support of the weekly and monthly simple pivot points and the 200-hour simple moving average. Economic Calendar Analysis At 12:15 on Wednesday, the ADP Non-Farm Payrolls could cause a move from 5.5
During early Tuesday's trading hours the yellow metal's price managed to pass the resistance of the 1,975.00 level. By the middle of the day, the price had reached the resistance of the 1,990.00 level. In the meantime, it was spotted that the 1,985.00 mark was providing support. Economic Calendar Analysis On Tuesday, at 14:00 GMT the US ISM Manufacturing PMI is set
During Monday's trading hours, the USD/JPY failed to pass the resistance of the technical levels that are located from 105.80 to 106.00. Namely, the 100-hour simple moving average was the level, which could not be passed after two attempts. On Tuesday morning, the rate had retreated and found support in the 105.60 level, which kept the rate from declining. Economic Calendar On
On Tuesday morning, a new high was reached by the GBP/USD currency exchange rate, as the historical high of 1.3383 was passed and the 1.3440 level. In the near term future, the rate was expected to test the resistance of the weekly R1 simple pivot point at 1.3456. Economic Calendar On Tuesday, at 14:00 GMT the US ISM Manufacturing PMI is
Throughout most of August the DUK+/EUR exchange rate traded flat. However, volatility increased throughout the end of the month, as liquidity returned. Daily Candle Chart On the technical daily candle chart, the daily simple moving averages have approached one another, as the rate had traded flat. In theory, they indicate that a squeeze of the rate could occur. Usually, squeezes end
As described on Friday, the EUR/USD has reached the upper trend line of a medium-term channel pattern. However, it appeared higher than expected, as the line was reached on Monday morning near 1.2000. In theory, the rate should decline in the borders of the pattern. Although, it would face various support levels that could keep the pair up. Economic Calendar Analysis On
On Friday, the price for gold raised to the 1,975.00 level. It is likely that yellow metal could gain support from the 55-, 100- and 200-hour SMAs and extend gains in the short run. Economic Calendar Analysis The first week of the month is upcoming. It is set to reveal monthly data sets, which are expected to cause notable currency rate adjustments. On Tuesday,
The USD/JPY currency pair broke the lower boundary of the medium-term ascending channel. During Monday morning, the pair recovered after sharp drop. Economic Calendar The first week of the month is upcoming. It is set to reveal monthly data sets, which are expected to cause notable currency rate adjustments. On Tuesday, at 14:00 GMT the US ISM Manufacturing PMI is set to
On Friday, the GBP/USD exchange rate renewed the 2020 maximum at 1.3360. If the given level holds, it is likely that some downside potential could prevail. Economic Calendar The first week of the month is upcoming. It is set to reveal monthly data sets, which are expected to cause notable currency rate adjustments. On Tuesday, at 14:00 GMT the US ISM Manufacturing
The EUR/USD currency pair continued to appreciate within the medium-term ascending channel. Note that the pair could face the resistance near 1.1960 provided by the weekly R1 and the 2020 high. Economic Calendar Analysis The first week of the month is upcoming. It is set to reveal monthly data sets, which are expected to cause notable currency rate adjustments. On Tuesday, at
During Friday morning hours, the yellow metal was testing the resistance of the 1,950.00 level. If the level would fail to keep the price down, the metal would have no technical resistance as high as 2,056.09. Due to that reason round price levels should be evaluated for resistance and support. Economic Calendar Analysis The first week of the month is upcoming. It is