Trading Ideas

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Wed, 28 Jul 2021 10:28:02 GMT

EUR/USD finds support in SMA

On Tuesday, the EUR/USD not only managed to pass the resistance of the weekly R1 and the late July high levels, but also reached the 1.1840 level. The 1.1840 provided enough resistance for the rate to decline. On Wednesday morning, the rate's decline found support in the 55-hour simple moving average. Economic Calendar Analysis The top event of all will take place

Tue, 27 Jul 2021 06:45:58 GMT

Gold declines below 1,800.00

The 1,810.00 level provided enough resistance for the price of gold to start a decline. On Tuesday morning, the price had reached below the 1,800.00 level and traded between the 1,795.00 and 1,800.00 levels. Economic Calendar Analysis The top event of all will take place on Wednesday at 18:00 GMT. The US Federal Reserve is scheduled to make

Tue, 27 Jul 2021 06:42:13 GMT

USD/JPY respects round levels

The USD/JPY has revealed that it respects the resistance of the 110.40 level. Meanwhile, support appears to be provided by the 110.10 level and the 100-hour simple moving average. However, on Tuesday morning, the support of the simple moving average was passed. Economic Calendar The top event of all will take place on Wednesday at 18:00 GMT. The

Tue, 27 Jul 2021 06:35:38 GMT

GBP/USD finds resistance in pivot point

The surge, which followed the GBP/USD breaking the channel down pattern and the resistance of the 1.3800 mark, has found resistance. Namely, since the middle of Monday's trading hours, the pair has been fluctuating sideways below the weekly R1 simple pivot point at 1.3835. Economic Calendar The top event of all will take place on Wednesday at 18:00 GMT.

Tue, 27 Jul 2021 06:26:11 GMT

EUR/USD reaches above 1.1800

The EUR/USD currency exchange rate has reached above the 1.1800 mark. On Tuesday morning, the pair traded in the range between the 1.1800 and 1.1810 levels. Economic Calendar Analysis The top event of all will take place on Wednesday at 18:00 GMT. The US Federal Reserve is scheduled to make a Rate Statement. The EUR/USD has moved from 17.1 to 67.1 pips

Mon, 26 Jul 2021 12:13:14 GMT

Gold reaches above 1,810.00

On Monday morning, the yellow metal traded above the 1,800.00 level. Meanwhile, support was being provided by the combination of the 100-hour simple moving average and the 1,805.00 level. Resistance was being found in the 1,810.00 level and the 200-hour simple moving average. Economic Calendar Analysis The top event of all will take place on Wednesday at 18:00

Mon, 26 Jul 2021 11:57:49 GMT

USD/JPY breaks pattern

The USD/JPY currency exchange rate has broken the channel up pattern, which guided it throughout last week. On Monday morning, the rate found support in the 100-hour simple moving average and appeared to have paused the decline that started in the aftermath of the breaking of the channel up pattern. Economic Calendar The top event of all will

Mon, 26 Jul 2021 11:49:22 GMT

GBP/USD tests 1.3800 level

On Monday morning, the GBP/USD currency exchange rate broke the large scale channel down pattern, which had guided the rate since the start of July. Economic Calendar The top event of all will take place on Wednesday at 18:00 GMT. The US Federal Reserve is scheduled to make a Rate Statement. The GBP/USD has moved from 20.5 to 70.8

Mon, 26 Jul 2021 11:35:55 GMT

EUR/USD surges on Monday

The support of the zone above the 1.1750 mark has held and caused a recovery of the EUR/USD currency exchange rate. By the middle of Monday's European trading hours, the pair had reached the resistance of the 1.1800 mark. Economic Calendar Analysis The top event of all will take place on Wednesday at 18:00 GMT. The US Federal Reserve is scheduled to

Fri, 23 Jul 2021 06:15:04 GMT

XAU/USD bears could prevail

The yellow metal's price edged higher by 0.73% on Thursday. The surge was stopped by the 100– hour simple moving average at 1808.01 during Thursday's trading session. Economic Calendar Analysis Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions XAU/USD short-term forecast Given that

Fri, 23 Jul 2021 06:07:54 GMT

USD/JPY bounces off support

On Thursday, the US Dollar declined by 27 pips or 0.25% against the Japanese Yen. The decline was stopped by the 200– hour simple moving average at 110.04 during Thursday's trading session. Economic Calendar Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions USD/JPY

Fri, 23 Jul 2021 05:59:30 GMT

GBP/USD bulls likely to prevail

The British Pound edged higher by 84 pips or 0.61% against the US Dollar on Thursday. The surge was stopped by the 200– hour simple moving average at 1.3761 during yesterday's trading session. Economic Calendar Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event

Fri, 23 Jul 2021 05:49:39 GMT

EUR/USD potential target at 1.1740

On Thursday, the Eurozone single currency declined by 62 pips or 0.53% against the US Dollar. The currency pair tested the weekly support level at 1.1758 during Thursday's trading session. Economic Calendar Analysis Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions EUR/USD

Thu, 22 Jul 2021 05:58:37 GMT

Gold remains near 1800.00 level

The 200– hour simple moving average pressured the XAU/USD exchange rate on Wednesday. As a result, the commodity fell by 151 pips or 0.84% during yesterday's trading session. Economic Calendar Analysis Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions XAU/USD short-term forecast All

Thu, 22 Jul 2021 05:54:25 GMT

USD/JPY breaks channel pattern

The US Dollar surged by 50 pips or 0.46% against the Japanese Yen on Wednesday. A breakout occurred through the upper boundary of a descending channel pattern during Wednesday's trading session. Economic Calendar Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical

Thu, 22 Jul 2021 05:43:29 GMT

GBP/USD could edge up

The GBP/USD currency pair bounced off a support level near the 1.3600 zone on Monday. As a result, the British Pound edged higher by 130 pips or 0.95% against the US Dollar. Economic Calendar Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions GBP/USD

Thu, 22 Jul 2021 05:32:10 GMT

EUR/USD breakout could occur

The common European currency rose by 40 pips or 0.34% against the US Dollar on Wednesday. The currency pair breached the 55– and 100– hour SMAs during Wednesday's trading session. Economic Calendar Analysis Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event

Wed, 21 Jul 2021 06:59:06 GMT

XAU/USD tests resistance level

On Tuesday, Gold declined by 185 pips or 1.02% against the US Dollar. The commodity breached the 55-, 100– and 200– hour SMAs during Tuesday's trading session. Economic Calendar Analysis Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions XAU/USD short-term forecast Bearish traders are

Wed, 21 Jul 2021 06:47:47 GMT

USD/JPY sets for breakout

On Tuesday, the US Dollar surged by 55 pips or 0.50% against the Japanese Yen. The currency pair breached the 55– and 100– hour SMAs during Tuesday's trading session. Economic Calendar Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions USD/JPY short-term review

Wed, 21 Jul 2021 06:35:31 GMT

GBP/USD bearish bias

On Tuesday, the British Pound edged lower by 93 pips or 0.68% against the US Dollar. The currency pair was pressured by the 55-, 100– and 200– hour SMAs during yesterday's trading session. Economic Calendar Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions GBP/USD

Wed, 21 Jul 2021 06:04:33 GMT

EUR/USD pressured by SMAs

The 55– hour simple moving average pressured the EUR/USD currency pair lower during Tuesday's trading session. Consequently, the Eurozone single currency declined by 45 pips or 0.38% against the US Dollar on Tuesday. Economic Calendar Analysis Click on the link below to find out more about the data releases of this and other currency exchange rates.

Tue, 20 Jul 2021 05:52:24 GMT

gold remains below 1820.00

During the second part of Monday's trading session, the yellow metal's price surged by 150 pips or 0.83%. The currency pair breached the 200– hour simple moving average at 1811.8 on Tuesday morning. Economic Calendar Analysis Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions XAU/USD

Tue, 20 Jul 2021 05:40:00 GMT

USDJPY found support at 100-day SMA

On Monday, the US Dollar plunged by 86 pips or 0.78% against the Japanese Yen. The currency pair tested the lower boundary of a descending channel pattern at 109.18 during Monday's trading session. Economic Calendar Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event

Tue, 20 Jul 2021 05:26:57 GMT

GBPUSD traders go short

Downside risks dominated the GBP/USD exchange rate on Monday. As a result, the British Pound fell by 89 pips or 0.65% against the US Dollar during Monday's trading session. Economic Calendar Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions GBP/USD short-term review All things being equal,

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