On Monday morning, the EUR/USD faced no short term technical resistance as high as 1.1250. Although, it did not necessarily indicate that a surge will take place. The rate had previously surged above the technical level cluster near 1.1230 and below all supports at 1.1220. None of the events caused a sharp move up or down. Latest Fundamental Event The European Single Currency
The yellow metal's price has made a sharp drop and an almost immediate recovery. The event was caused by a break out from the sideways trading that was stopped by the 100-day simple moving average. The event signals that gold price is favouring a move down for the medium term future. Economic Calendar Analysis On Friday, at 12:30 GMT the US and Canadian
The USD/JPY managed to find support on Thursday to surge higher. The rate had reached the resistance of the 111.75 level on Friday morning before it began trading sideways. The rate is expected to consolidate its gains before continuing higher. Moreover, at the moment it is facing the combined resistance of a large scale ascending pattern and a weekly pivot point. Meanwhile,
GBP/USD has dropped below the technical support levels that are located in the range from 1.3095 to 1.3160. The event took place due to the announcement that Brexit could be delayed up to a year. This possible uncertainty caused the decline of the price of GBP. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK Current
The 200-hour simple moving average has pushed the EUR/USD currency rate down. On Friday the rate traded at 1.1230 level. Meanwhile, the rate was clearly bouncing around and ignoring the 55 and 100-hour simple moving averages. Due to that reason it could be expected that the currency rate will resume its decline. Latest Fundamental Event The European Single Currency traded sideways against the
On Thursday, the yellow metal marked its fifth consecutive trading session of sideways trading. The metal remained at the 1,290.00 level. Meanwhile, on the hourly chart technical signals could be observed that indicated that a surge of the metal might occur in the near term future. Economic Calendar Analysis Until Friday there are no notable macroeconomic data releases scheduled to take place. On Friday,
By trading sideways the USD/JPY has broken the support of a medium scale channel up pattern. In addition, the rate has signalled that the 55-hour simple moving average cannot push it higher. Meanwhile, the rate was being approached by the support of the 100-hour simple moving average, which could end the sideways trading. Latest Fundamental Event On Monday, the US Census Bureau released
The GBP/USD has traded sideways during the last twenty four hours. It has fluctuated above the 55 and 200-hour simple moving averages near 1.3140, Meanwhile, the 1.3200 level has been providing resistance to the currency exchange rate. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK Current Account release on Friday at 9:30 GMT. The GBP/USD exchange rate
On Thursday, the EUR/USD traded near previous day's trading levels. The rate had been stopped by the resistance levels at 1.1250. Meanwhile the 55 and 100-hour simple moving averages were approaching the rate from below, indicating that a squeeze is about to occur. Latest Fundamental Event The European Single Currency traded sideways against the US Dollar, following the US Durable Goods Orders release
On Wednesday, the yellow metal's price fluctuated near the 1,290.00 level. During the second half of the day the price had fallen below the support of hourly simple moving averages. After falling below the SMAs the metal had no technical support as low as 1,275.00. In theory, the metal was about to fall. Economic Calendar Analysis Until Friday there are no notable macroeconomic
After trading sideways throughout the start of this week, the USD/JPY was being pushed higher on Wednesday by the 55-hour simple moving average. The surge was expected to eventually reach 111.75, as at that level the closest technical resistance was located at. Latest Fundamental Event On Monday, the US Census Bureau released the US Retail Sales data, which came lower-than-expected of -0.2% compared
By the middle of Wednesday's trading session the GBP/USD was testing the resistance of the 1.3200 level. The rate could push through the resistance level as soon as the 55-hour simple moving average approaches from below. Latest Fundamental Event The British Pound depreciated against the US Dollar, following the UK Current Account release on Friday at 9:30 GMT. The GBP/USD exchange rate lost
On Wednesday, the EUR/USD currency pair had reached technical resistance levels near 1.1250. If the rate manages to surge above this level, it would reach for the pivot point at 1.1280. Latest Fundamental Event The European Single Currency traded sideways against the US Dollar, following the US Durable Goods Orders release on Tuesday at 12:30 GMT. The EUR/USD exchange rate traded in a
Gold has plummeted and quickly reached the previously set target at 1,295.00. The move has actually happened too fast. Due to that reason it is expected that the metal will consolidate and trade sideways before continuing. Economic Calendar Analysis On Friday, there will be two releases. First will be the UK Current Account publication at 09:30 GMT. This event is expected to
The forecast for the USD/JPY has failed. The rate found enough support in the 110.00 level to surge and break various technical resistance levels from 110.25 to 110.80. On Friday morning, the rate had no technical resistance as high as the 111.20 level. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic
The traders, who have continued to short the GBP/USD, were profiting on Friday, as the rate had declined down below the 1.3050 mark. Moreover, the pair had no more technical support as low as the 1.2950 level. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data released on Thursday at 09:30 GMT. The GBP/USD exchange
The EUR/USD has declined below the pivot points, which on Friday were located near the 1.1240 mark. On Friday morning, the currency exchange rate surged up to pivot point levels and confirmed them as a technical resistance. In general, it was expected that the decline will resume in the near future. Latest Fundamental Event The European Single Currency traded sideways against the US
On Thursday morning the yellow metal was testing the support of a medium scale ascending channel pattern near 1,310.00. If that support level would get passed, the commodity price would fall, as there is no technical support as low as the 1,295.00 level. Economic Calendar Analysis This is the last week of March and due to that reason it is expected to be
The USD/JPY has declined, as previously forecast. The rate reached down to almost touch the 110.00 level before ending the decline. By the middle of the day's trading the pair was reaching for the resistance levels near 110.40. It was expected by Dukascopy Analytics that the rate will bounce off the cluster and begin a decline. Latest Fundamental Event The Federal Reserve releases
As it was expected, although the technical charts signaled an upcoming surge the GBP/USD has declined due to a minor Brexit announcement. Namely, the UK Parliament denied all alternative Brexit deals. In the future the rate is still expected to follow the fundamental announcements. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data released on
On Thursday morning the EUR/USD traded near the 1.1260, where it had surged after finding support at 1.1243 level, which stopped the rate from declining below the pivot points that are located near the 1.1240 level. The rate was expected to trade sideways until it meets with the combined resistance of a channel down pattern and the 55-hour simple moving average.
As expected, gold reached down to the 1,315.00 level. There it found support at and began to trade in the range between 1,314.00 and 1,318.00. The rate was expected to break the sideways trading in the near future. Economic Calendar Analysis This is the last week of March and due to that reason it is expected to be quiet for macroeconomic fundamental data
On Wednesday the USD/JPY traded sideways below a strong resistance cluster near 110.80. In general, the rate was expected to decline, as the resistance cluster had pushed the rate down without even being properly reached. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced their vote on
As there were no new Brexit announcements, the GBP/USD has remained steady during the last twenty for hours. The rate has traded in the range from 1.3160 up to 1.3250. The sideways trading is expected to continue until the scheduled next Brexit vote occurs on Friday. Latest Fundamental Event The British Pound appreciated against the US Dollar, following the UK Retail Sales data