In the aftermath of breaking the resistance of the 55-hour SMA, the EUR/USD reached the resistance levels near 1.1120 and bounced off them. By the middle of Wednesday's trading session, the rate had once more declined to the support of the 1.1080 level. In general, the rate was expected to trade above the 1.1080 level until the resistance of the 55
The surge of the yellow metal's price did not reach the 1,570.00 level. The pair reversed its surge at 1,568.90. On Tuesday morning, the rate had declined to trade sideways between 1,554.00 and 1.558.00. In the meantime, the metal had retreated to the support of the hourly simple moving averages. With it, gold no longer was under overbought pressure. Economic Calendar Analysis The
The squeeze of the rate between the 55-hour SMA and a pivot point ended, as the Bank of Japan released a monetary policy announcement. The announcement caused a break out of the USD/JPY down by strengthening the value of the Japanese Yen. By the middle of the day, the rate had recovered by finding support in the 200-hour SMA. Economic Calendar The week's
A surge of the GBP was caused by the better than expected UK employment data. Most impact was done by the UK Average Earnings Index. The data allowed the GBP/USD pair to pass a strong technical resistance cluster. This event was followed by a surge, which had no technical resistance as high as 1.3100. Economic Calendar The week's scheduled event historical data tables
The decline of EUR/USD did not reach the technical support of the pivot points below 1.1070, as the rate reversed at the 1.1080 level. From there, the rate began a surge, which by the middle of the day's London trading hours had reached the 1.1110 level and broken the resistance of the 55-hour simple moving average. Economic Calendar Analysis On Thursday, the European
Dukascopy Analytics wrote on January 7 that the price for Dukascoin could surge. The surge, which could be better described as a jump occurred on January 10, when the DUK+/EUR rate reached the 2.00 level. The surge was followed by a consolidating decline and sideways trading, which ended on Friday January 17, as a new high level was touched. Daily Candle
Instead of consolidation a surge has occurred on the hourly candle chart. During Monday's early trading hours, the metal's price reached above the 1,560.00 level. In general, if the hourly simple moving averages provide the price with support, it could surge up to the 1,570.00 level. Economic Calendar Analysis The week's scheduled event historical data tables have been published. Click on the link
The resistance of the 110.25 levels held on Friday. It caused a decline down to the 110.00 level, where the rate found psychological support from the round exchange rate level and the 55-hour simple moving average. By the middle of Monday's trading, the rate was being pushed up by the 55-hour SMA into the resistance of the 110.20 level. In general,
The rate failed to pass the resistance of the 1.3200 level and began a decline, which by the middle of Monday's trading session had touched the 1.2963 level. The rate was expected to consolidate by retracing back up or trading sideways before resuming its decline. UK Retail Sales The British Pound depreciated against the US Dollar, following the UK Retail Sales
As it was forecast on Friday morning, the EUR/USD has declined. However, the rate dropped a lot sharper than it was expected. In general, the rate was expected to continue the decline sooner or later to support levels below 1.1070. Economic Calendar Analysis Throughout the week releases from the European Union will be published. On Thursday, the European Central Bank will announce
Since Wednesday, the XAU/USD exchange rate has been consolidating in the 1,555.00 area. Given that the rate is squeezed by 55-, 100- and 200-hour SMAs, it is likely that gold could continue to consolidate against the US Dollar in the short run. Economic Calendar Analysis Next week's scheduled event historical data tables have been published. Click on the link below to read the
On Friday morning, the USD/JPY currency pair was testing the resistance level formed by the weekly R1 and the monthly R2 at 110.25. If the given resistance holds, it is likely that some downside potential could prevail. Economic Calendar Next week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 20.01-24.01 Event Historical
During Friday morning, the GBP/USD exchange rate tested the resistance level - the weekly PP at 1.3099. The rate could gain support of 55- and 100-hour SMAs, and re-test the given resistance. UK Retail Sales The British Pound depreciated against the US Dollar, following the UK Retail Sales data release on Friday at 09:30 GMT. The GBP/USD exchange currency rate lost
During Friday morning, the EUR/USD currency pair dropped below the 1.1120 level. Given that the pair is pressured by 55-, 100- and 200-hour moving averages, it is likely that some downside potential could prevail. Economic Calendar Analysis Throughout the next week releases from the European Union will be published. On Thursday, the European Central Bank will announce its Main Refinancing Rate at
Since Wednesday, the XAU/USD exchange rate has been consolidating in the 1,555.00 area. Given that the rate is squeezed by 55-, 100- and 200-hour SMAs, it is likely that gold could continue to consolidate against the US Dollar in the short run. Economic Calendar Analysis This week's scheduled event historical data tables have been published. Click on the link below to read the
On Thursday, the USD/JPY currency pair was trading sideways in the 109.90 area. The pair could gain support of the 55- and 100-hour SMAs and extend gains in the nearest future. Economic Calendar This week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 13.01-17.01 Event Historical Reactions USD/JPY short-term daily review Yesterday, the
During Thursday morning, the GBP/USD exchange rate was testing the upper boundary of the medium-term descending channel. From a theoretical perspective, it is likely that a reversal south could occur. Economic Calendar This week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 13.01-17.01 Event Historical Reactions GBP/USD short-term review Yesterday, the GBP/USD exchange
During Thursday morning, the EUR/USD currency pair was trading near the upper boundary of the short-term ascending channel. From a theoretical point of view, it is likely that a reversal south could occur in the nearest future. Economic Calendar Analysis This week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 13.01-17.01 Event
On Wednesday morning, the XAU/USD exchange rate traded at 1,553.00. Given that the rate is squeezed by 55-, 100- and 200-hour SMAs, it is likely that gold could consolidate against the US Dollar in the short run. Economic Calendar Analysis This week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 13.01-17.01 Event
On Wednesday, the USD/JPY currency pair was trading sideways in the 110.00 area. The pair could face support of the 100-hour SMA at 109.76 and go upwards within the following trading session. Economic Calendar This week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 13.01-17.01 Event Historical Reactions USD/JPY short-term daily review Yesterday,
During Wednesday morning, the GBP/USD exchange rate was testing the 100-hour moving average. Given that the rate is supported by the 55-hour SMA, it is likely that some upside potential could prevail. Economic Calendar This week's scheduled event historical data tables have been published. Click on the link below to read the article. Read More: 13.01-17.01 Event Historical Reactions GBP/USD short-term review Yesterday, the
During Wednesday morning, the EUR/USD currency pair was surpassed the resistance formed by the 200-hour SMA, as well the weekly PP at 1.1140. Given that the pair is supported by the 55- and 100-hour SMAs, it is likely that some upside potential could prevail. Economic Calendar Analysis This week's scheduled event historical data tables have been published. Click on the link below to
On Monday morning, the XAU/USD exchange rate tested the monthly R1 at 1,544.31. Given that the rate is pressured by the 100- and 200-hour SMAs, it is likely that the price for gold could go downwards. Economic Calendar Analysis This week's data releases will start with the US CPI and Core CPI on Tuesday at 13:30 GMT. Meanwhile, this week's scheduled event historical data
On Monday, the USD/JPY currency pair was testing the resistance formed by the weekly R1 and the monthly R2 at 100.25. If the given resistance holds, it is likely that the pair could consolidate. Economic Calendar Today, the US Consumer Price Indices might cause a minor move on the US Dollar pairs. Meanwhile, this week's scheduled event historical data tables have been published.