On Tuesday, the rate traded sideways as expected. On Wednesday, the pair was reached by the support of the 55-hour SMA, which failed to push the EUR/USD higher. By the middle of Wednesday's trading, the pair had declined to the 1.1060 level and was expected to continue to go down. Economic Calendar Analysis This week, the EUR/USD is expected to be impacted by
Last week, the DUK+/EUR rate surged in a sharper than expected angle. It reached the 1.3900 level already on Wednesday. On that day, sell orders at 1.3900 and 1.4000 managed to stop the surge. This week, on Tuesday, Dukascoin was consolidating its gains, as traders were taking profits from the surge. In regards to the near term future, it was expected
Gold has retreated and found support in the hourly simple moving averages near the 1,465.00 level. At the start of the second part of Tuesday's trading, the commodity price was recovering after bouncing off the support. It was expected that the surge of the metal would reach the resistance of the pivot point at 1,475.18. Economic Calendar Analysis On Wednesday, the FOMC
The USD/JPY was testing resistance levels from 108.70 to 108.90 on Tuesday morning. By the middle of the day's London trading session, the rate had made a failed attempt to pass the resistance cluster. In regards to the near term future, there were a couple of possible scenarios. Economic Calendar This week, the rate is expected to be impacted by one event. On
On Tuesday, GBP/USD changed its direction and dropped to the support of the 55-hour simple moving average at 1.2930. Future forecasts were based upon what would happen at the simple moving average. Economic Calendar This week, the GBP/USD is expected to be impacted by one event. On Wednesday, the FOMC Meeting Minutes are set to be published at 19:00 GMT. Since April, the rate
During the first half of Tuesday's London trading, the EUR/USD currency exchange rate traded sideways between 1.1065 and 1.1080. The rate was consolidating in the aftermath of the surge, which occurred since late November 14. In regards to the near term future, the pair is expected to continue to trade sideways until it is approached by the technical support of the
On Thursday, gold reached the targeted S1 of the simple pivot points at the 1,475.18 level. Moreover, the level was also strengthened by the 200-hour simple moving average, which was also expected. This resulted in a decline, which by the middle of Friday's trading session had bounced off the support levels near the 1,462.00 level. In regards to the near term
Since Thursday's noon, the USD/JPY has been recovering from the decline, which started on November 8. By the middle of Friday's trading, the rate had broken the resistance of the 55-hour simple moving average at 108.70. Economic Calendar On Friday, the US Retail Sales data sets will be out at 13:30 GMT. The release has caused moves from 16.2 to 25.4 pips. Next week,
The breaking of the resistance of the 200-hour SMA resulted in the GBP/USD almost reaching the 1.2890 level. By the middle of Friday's trading the rate had retreated from this level and fluctuated in a 20 pip range without any support or technical levels keeping it in certain borders. UK Consumer Price Index The British Pound traded sideways against the US Dollar,
The EUR/USD managed to find support in the 1.0990 level and surge. On Friday, the rate had ended the surge, as it met resistance at 1.1030. In regards to the near term future, the pair was expected to get squeezed in between the support of the 55 and 100-hour SMAs near 1.1015 and the resistance of the 200-hour SMA at 1.1040. Economic
The recovery of gold's price continues. By the middle of Thursday's trading the yellow metal had reached the 1,470.00 level. In regards to the future, the commodity price is still expected to reach for the pivot point at 1,475.18. Economic Calendar Analysis The US PPI and Core PPI data sets are scheduled to be released on Thursday at 13:30 GMT. This is
The USD/JPY continued its decline on Wednesday and Thursday morning. By the middle of Thursday's London trading hours, the USD/JPY touched the 108.60 level. The rate was expected to reach the 108.44 level, where it would meet with a couple of technical support levels. Economic Calendar The US PPI and Core PPI data sets are scheduled to be released on Thursday at 13:30
On Thursday, the GBP/USD signalled that the rate has ended its volatile sideways trading by breaking the resistance of the 200-hour simple moving average. If a surge follows, the rate should reach for the resistance of the weekly R1 of the simple pivot points at 1.2895. Pound Appreciated on UK Election News During Monday, November 11, the British Pound appreciated 73 pips
On Thursday morning, the EUR/USD touched a low level at 1.0995. Afterwards, it began a surge, which quickly reached the resistance of the 55-hour simple moving average near 1.1015. The SMA provided the needed technical resistance to cause a decline, which was expected to reach new low levels. US Consumer Price Index The European Common Currency traded sideways against the US
The yellow metal managed to find support in the 1,450.00 level on Tuesday. By the middle of Wednesday's trading, the pair had reached above technical levels that are located just below 1,465.00. By passing the technical levels the rate had no technical resistance as high as the pivot point at 1,475.18. Economic Calendar Analysis This week, US data is set to impact
On Wednesday, the USD/JPY suddenly dropped to the 200-hour simple moving average. The drop could be attributed to the events in Hong Kong. Namely, Reuters reported that finance firms in Hong Kong urged their staff to remain at home. It might be possible that the firms, which stopped trading, moved their cash reserves into the JPY. Economic Calendar This week, US data
On Wednesday, the GBP/USD rate remained near the support levels, where it had been located on Tuesday morning. Note that the rate had made a failed attempt to surge, which was stopped by the 200-hour simple moving average. In general, yesterday's forecast was still valid. It was dependant on what would happen at the 1.2830 level. Pound Appreciated on UK Election
As expected, the hourly simple moving averages managed to push the EUR/USD down. On Wednesday morning, the currency pair had already touched the 1.1000 level, which began to provide support. In regards to the future, the decline is expected to continue. The hourly SMAs should catch up and provide resistance that would push the rate through the 1.1000 level. Economic Calendar Analysis This
The yellow metal's price has declined to the 1,450.00 mark. In general, the decline continues. In regards to the near term future, another drop or consolidation is expected. Economic Calendar Analysis This week, US data is set to impact the price of gold through the value adjustments of the USD. On Wednesday, at 13:30 GMT the US Consumer Price Index and Core Consumer
The USD/JPY bounced off the support levels that are located just below the 109.00 mark. By the middle of Tuesday's trading session the currency exchange rate had reached above the resistance of the 55 and 100-hour simple moving averages and touched the 109.30 level. Economic Calendar This week, US data is set to impact the currency exchange rate through the value of
Brexit news caused another spike in the GBP/USD charts. A report on the event will be published in the near term future.Although, the move could have been caught, as the rate broke the resistance of a channel down pattern just before the surge. It signalled that a surge is set to occur. However, by the middle of Tuesday's trading the currency
The EUR/USD broke out from the falling wedge pattern of the hourly chart and began to trade in limbo around the 55-hour simple moving average. The rate was expected to be pushed down by the SMA. Moreover, the 100-hour simple moving average was approaching the currency exchange rate. Economic Calendar Analysis This week, US data is set to impact the EUR/USD currency exchange
Last week DUK+/EUR rate found support earlier than it was expected. Namely, the 0.9000 level provided enough support to cause a surge. On Monday, the exchange rate had already touched the high level of 1.2500, where it encountered the technical resistance of the R1 of the simple weekly pivot points. In regards to the near term future, the rate had a couple
Gold started the week by trading up. Namely, it surged from the 1,460.00 level to the 1,465.00 level. The metal was expected to reach the 1,470.00 level, where it would meet with the technical resistance of the 55-hour simple moving average. Economic Calendar Analysis This week, US data is set to impact the price of gold through the value adjustments of