Trading Ideas

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Thu, 25 Jun 2020 12:08:20 GMT

Gold touched 1,780.00

The yellow metal's price has touched the 1,780.00 level. It is likely that the XAU/USD exchange rate could gain support from the 100-hour moving average and trade upwards in the short run. Economic Calendar Analysis In regards to the metal's price during the week, there are a couple of scheduled macroeconomic data releases that could impact it. Today, macroeconomic data set release from the

Thu, 25 Jun 2020 12:01:40 GMT

USD/JPY exceeded 107.20

The USD/JPY currency pair exceeded the 107.20 level. It is unlikely that some downside potential could prevail in the market, as the pair could gain support from the 200-hour SMA. Economic Calendar During this week, there are a couple of scheduled macroeconomic data releases that could impact the currency exchange rate. On Thursday, macroeconomic data set release from the US could impact

Thu, 25 Jun 2020 11:53:15 GMT

GBP/USD remains below 1.2500

The GBP/USD exchange rate failed to decline below the Fibo 50.00% at 1.2418. It was expected that the rate would decline, as it is pressured by the 55- and 200-hour moving averages near 1.2480. Economic Calendar There are a couple of events, which could impact the GBP/USD currency exchange rate. On Thursday, macroeconomic data set release from the US could impact the

Thu, 25 Jun 2020 11:40:32 GMT

EUR/USD declined below 1.1220

The EUR/USD currency pair declined below the 1.1220 level. It is likely that the pair could gain support from the Fibo 38.20% at 1.1200 and consolidate in the short term. Economic Calendar Analysis In regards to the EUR/USD during the week, there are a couple of scheduled macroeconomic data releases that could impact the currency exchange rate. Today, macroeconomic data set release from

Mon, 22 Jun 2020 14:24:52 GMT

DUK+/EUR stands at 1.5100

The DUK+/EUR currency exchange rate has remained at the 1.5100 level. Moreover, during the last week it did not make an attempt to surge. Daily Candle Chart On the technical chart it can be observed that the 200-day simple moving average is moving higher and could allow the rate to slightly surge. Meanwhile, this week, additional technical resistance appeared in the

Mon, 22 Jun 2020 13:17:01 GMT

Gold breaks major resistance

The yellow metal's price has broken the resistance of the 1,740.00/1,745.00 zone. Moreover, on Monday, the zone began to provide support to the commodity price. In regards to the future, the metal is expected to either trade sideways or surge. Economic Calendar Analysis In regards to the metal's price during the week, there are a couple of scheduled macroeconomic data releases that could

Mon, 22 Jun 2020 12:58:53 GMT

USD/JPY expects breakout

The USD/JPY has continued to trade sideways in the range between the 106.80 and 107.00 levels. It was expected by Dukascopy Analytics that the sideways trading would end soon. Economic Calendar During this week, there are a couple of scheduled macroeconomic data releases that could impact the currency exchange rate. On Tuesday, the US Flash Manufacturing PMI survey results will be

Mon, 22 Jun 2020 12:27:41 GMT

GBP/USD could decline

On Monday, the GBP/UDS was trading below the resistance of a 50.00% Fibonacci retracement level and the 55-hour SMA at 1.2420. It was expected that the rate would decline, as soon as additional resistance is provided by the 100-hour simple moving average. Economic Calendar There are a couple of events, which could impact the GBP/USD currency exchange rate. On Tuesday, the UK

Mon, 22 Jun 2020 11:49:02 GMT

EUR/USD traders take profits

The EUR/USD started the week with a rebound, which was about to meet with various resistance levels from 1.1230 to 1.1245. In the future, the pair was expected to either trade sideways or decline to 1.1200. Economic Calendar Analysis In regards to the EUR/USD during the week, there are a couple of scheduled macroeconomic data releases that could impact the currency exchange rate.

Fri, 19 Jun 2020 11:14:19 GMT

Gold trades above 1,700.00

On Thursday, the XAU/USD exchange rate re-tested 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 In regards to the metal's price during next week, there are a couple of scheduled macroeconomic data releases that could impact it. On Tuesday, the US Flash Manufacturing PMI survey

Fri, 19 Jun 2020 11:01:44 GMT

USD/JPY remains below 107.00

On Thursday, the USD/JPY currency pair tried to exceed the resistance provided by the 55-hour SMA. If the given resistance holds, it is likely that some downside potential could prevail. Economic Calendar In regards to the USD/JPY during next week, there are a couple of scheduled macroeconomic data releases that could impact the currency exchange rate. On Tuesday, the US Flash

Fri, 19 Jun 2020 10:50:38 GMT

GBP/USD dropped below 1.2450

During Thursday, the GBP/USD exchange rate dropped below the 1.2450 level. It is likely that some downside potential could prevail as the rate is pressured by the 55-hour SMA. Economic Calendar Next week, there are a couple of events, which could impact the GBP/USD currency exchange rate. On Tuesday, the UK Flash Manufacturing and Services PMIs survey results will be published at

Fri, 19 Jun 2020 10:35:29 GMT

EUR/USD declined below 1.1220

On Thursday, the EUR/USD currency pair re-tested the lower line of the falling wedge pattern. Given that the pair remains under pressure of the 55-hour moving average, it is likely that some downside potential could prevail in the market. Economic Calendar Analysis In regards to the EUR/USD during next week, there are a couple of scheduled macroeconomic data releases that could impact the

Thu, 18 Jun 2020 09:58:22 GMT

Gold consolidated at 1,730.00

On Wednesday, the XAU/USD exchange rate revealed a medium-term ascending channel, as it tested its lower line at 1,715.00. From a theoretical perspective, it is likely that some upside potential could prevail in the market. Economic Calendar Analysis In regards to the metal's price during current week, there are a couple of scheduled macroeconomic data releases that could impact it. Today, the US Unemployment

Thu, 18 Jun 2020 09:37:54 GMT

USD/JPY trades at 107.00

On Wednesday, the USD/JPY currency pair declined to the 106.80 level. During Thursday morning, the pair reversed north from the given level. Economic Calendar In regards to the USD/JPY during this week, there are a couple of scheduled macroeconomic data releases that could impact the currency exchange rate. Today, the US Unemployment Claims at 12:30 GMT will be discussed by most

Thu, 18 Jun 2020 09:25:43 GMT

GBP/USD consolidate at 1.2550

During Wednesday, the GBP/USD exchange rate consolidated in the 1.2550 area. During Thursday morning hours, the rate maintained its consolidation. Economic Calendar This week, there are a lot of events, which could impact the GBP/USD currency exchange rate. Today, the future of the GBP is set to be revealed. The Bank of England will make a rate announcement at 11:00 GMT. Expect

Thu, 18 Jun 2020 09:18:07 GMT

EUR/USD remains above 1.1220

On Wednesday, the EUR/USD currency pair reversed north from the 1.1220 level. During Thursday morning, the pair was testing the resistance formed by the 55- and 100-hour SMAs. If the given resistance holds, it is likely that a reversal south could occur. Economic Calendar Analysis In regards to the EUR/USD during this week, there are a couple of scheduled macroeconomic data releases that

Wed, 17 Jun 2020 10:56:10 GMT

Gold remains below 1,730.00

On Tuesday, the XAU/USD exchange rate tried to exceed the resistance formed by the 55- and 100-hour SMAs near 1,727.00. During Wednesday morning, the rate reversed south and pierced the 200-hour SMA. Economic Calendar Analysis In regards to the metal's price during current week, there are a couple of scheduled macroeconomic data releases that could impact it. On Thursday, the US Unemployment Claims at

Wed, 17 Jun 2020 10:25:25 GMT

USD/JPY remains below 107.60

On Tuesday morning, the USD/JPY currency pair consolidated near the 107.40 level. It is likely that the pair could gain support from the 55- and 100-hour SMAs, as well the monthly PP and trade upwards. Economic Calendar In regards to the USD/JPY during this week, there are a couple of scheduled macroeconomic data releases that could impact the currency exchange rate. On

Wed, 17 Jun 2020 10:13:59 GMT

GBP/USD trades below 1.2600

During Tuesday, the GBP/USD exchange rate revealed a short-term descending channel. From a theoretical perspective, it is likely that some downside potential could prevail in the market. Economic Calendar This week, there are a lot of events, which could impact the GBP/USD currency exchange rate. On Wednesday morning, at 06:00 GMT the UK Consumer Price Index is bound to be released. Its

Wed, 17 Jun 2020 10:03:30 GMT

EUR/USD is below 1.1300

On Tuesday, the EUR/USD currency exchange rate reversed south from the 1.1340 level. During Wednesday morning, the rate pierced the monthly R1 located at 1.1246. Economic Calendar Analysis In regards to the EUR/USD during this week, there are a couple of scheduled macroeconomic data releases that could impact the currency exchange rate. On Thursday, the US Unemployment Claims at 12:30 GMT will be

Tue, 16 Jun 2020 13:22:29 GMT

DUK+/EUR tests 200-day SMA

The DUK+/EUR currency exchange rate has made an attempt to surge, which was stopped by the resistance of the 200-day simple moving average. Daily Candle Chart On the technical chart it can be observed that the 200-day simple moving average is moving higher and could allow the rate to slightly surge. Meanwhile, take into account that it is the only technical

Tue, 16 Jun 2020 12:55:11 GMT

Gold retraces back up

On Tuesday, the yellow metal's price had surged above the support of various technical levels located from 1,720.00 to 1,730.00. If these levels manage to provide support, another attempt to pass the resistance of the 1,740.00/1,745.00 zone could occur. Economic Calendar Analysis In regards to the metal's price during current week, there are a couple of scheduled macroeconomic data releases that could impact

Tue, 16 Jun 2020 12:32:54 GMT

USD/JPY is kept down by 55-day SMA

On Tuesday morning, the USD/JPY attempted to pass the 107.60 level. However, the pair failed to pass it and reached down to the technical support levels near the 107.30 mark. Future forecasts were based upon what would happen at the support levels. Economic Calendar In regards to the USD/JPY during this week, there are a couple of scheduled macroeconomic data releases that

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