Trading Ideas

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Fri, 07 Aug 2020 10:58:40 GMT

USD/JPY consolidates in 105.60 area

Since Wednesday, the USD/JPY currency pair has been consolidating in the 105.60 area. It is likely that the pair could maintain its consolidation in the short run. Economic Calendar  On Friday, the US Employment data set release could be in the spotlight. The release is scheduled to 12:30 GMT. The week ahead is going to be relatively calm on the economic calendar.

Fri, 07 Aug 2020 10:52:53 GMT

GBP/USD remains below 1.3180

The GBP/USD exchange rate reversed south from the psychological level at 1.3180. It is likely that the rate could face the resistance of the 55- and 100-hour SMAs and trade downwards. Economic Calendar On Friday, the US Employment data set release could be in the spotlight. The release is scheduled to 12:30 GMT. The week ahead is going to be relatively calm on

Fri, 07 Aug 2020 10:39:33 GMT

EUR/USD remains below 1.1880

The EUR/USD currency pair is squeezed by 55-, 100- and 200-hour moving averages. It is likely that the pair could trade sideways in the short run. Economic Calendar Analysis On Friday, the Canadian and US Employment data set releases could be in the spotlight. The releases are scheduled to 12:30 GMT. The week ahead is going to be relatively calm on the economic

Thu, 06 Aug 2020 12:16:49 GMT

Gold continues to extend gains

The XAU/USD exchange rate raised to the monthly R1 at 2,058.09. If the given resistance holds, it is likely that a reversal south could occur. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Thursday, the US Unemployment Claims data is going to be published at 12:30 GMT. On Friday, the US Employment data set

Thu, 06 Aug 2020 12:10:33 GMT

USD/JPY consolidates in 105.60 area

Since Wednesday, the USD/JPY currency pair has been consolidating in the 105.60 area. It is likely that the pair could maintain its consolidation in the short run. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Thursday, the US Unemployment Claims data is going to be published at 12:30 GMT. On Friday, the US

Thu, 06 Aug 2020 10:49:50 GMT

GBP/USD tests 1.3180

The GBP/USD exchange rate raised to the 1.3180 level. It is likely that the rate could face the resistance area formed by the 2020 high and the weekly R1 in the 1.3213/1.3244 range. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Thursday, the US Unemployment Claims data is going to be published at

Thu, 06 Aug 2020 10:17:16 GMT

EUR/USD remains below 1.1900

The EUR/USD currency pair remains to trade below the 1.1900 level. If the given level holds, it is likely that the pair could trade sideways. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Thursday, the US Unemployment Claims data is going to be published at 12:30 GMT. On Friday, the Canadian and US

Wed, 05 Aug 2020 11:01:56 GMT

Gold trades at 2,040.00

The XAU/USD exchange rate exceeded the 2,000.00 level and skyrocketed to 2,040.00. It is likely that the price for gold could face the resistance formed by the monthly R1 at 2,056.09. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the US ADP Non-Farm Employment Change data is set to be issued at

Wed, 05 Aug 2020 10:54:56 GMT

USD/JPY remains below 106.50

The USD/JPY currency pair continues to trade below the monthly PP at 106.09. Note that the pair could gain support from the 100- and 200-hour SMAs and trade sideways in the short run. Economic Calendar  The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the US ADP Non-Farm Employment Change data is set to be

Wed, 05 Aug 2020 10:48:54 GMT

GBP/USD remains below 1.3150

The GBP/USD exchange rate touched the 1.2980 level, however, it reversed north. It is likely that the rate could gain support from the 55- and 100-hour SMAs and trade upwards. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the US ADP Non-Farm Employment Change data is set to be issued at 12:15

Wed, 05 Aug 2020 10:41:32 GMT

EUR/USD trades above 1.1820

The EUR/USD gained support from the 200-hour moving average near 1.1730. It is likely that the pair could gain support from the 55- and 100-hour SMAs, as well the weekly PP and extend gains in the short run. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the US ADP Non-Farm Employment

Tue, 04 Aug 2020 10:23:25 GMT

Gold could extend gains

The XAU/USD exchange rate broke the lower line of the rising wedge pattern. It is likely that gold could gain support from the 55- and 100-hour SMAs and appreciate against the US Dollar in the short run. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the US ADP Non-Farm Employment Change data

Tue, 04 Aug 2020 10:08:44 GMT

USD/JPY trades below 106.50

Since Monday, the USD/JPY currency pair has been trading sideways around the monthly PP at 106.09. It is likely that the pair could gain support from the 55-hour SMA and add to gains in the short run. Economic Calendar  The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the US ADP Non-Farm Employment Change data

Tue, 04 Aug 2020 10:03:25 GMT

GBP/USD remains below 1.3100

The GBP/USD exchange rate is squeezed by the 55- and 100-hour moving averages, located circa 1.3050 and 1.3090 respectively. It is unlikely that the rate could decline below the weekly PP at 1.3013. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the US ADP Non-Farm Employment Change data is set to be

Tue, 04 Aug 2020 09:56:45 GMT

EUR/USD trades at 1.1800

The EUR/USD currency pair re-tested the support level formed by the Fibo 61.80% at 1.1707. It is likely that the pair could gain support from the 55- and 100-hour SMAs, as well the weekly PP and extend gains in the short run. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Wednesday, the

Mon, 03 Aug 2020 10:47:56 GMT

Gold remains below 1.980.00

The XAU/USD exchange rate continued to trade within the rising wedge pattern. From a theoretical point of view, it is likely that a breakout south could occur in the nearest future. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to publish the US ISM Manufacturing

Mon, 03 Aug 2020 10:41:36 GMT

USD/JPY trades at 106.00

The USD/JPY currency pair skyrocketed to the monthly PP at 106.09. If the given resistance holds, it is likely that the pair could consolidate in the short run. Economic Calendar  The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to publish the US ISM Manufacturing PMI survey results

Mon, 03 Aug 2020 10:36:57 GMT

GBP/USD trades below 1.3100

The GBP/USD exchange rate failed to exceed the 1.3150 level. It is likely that the rate could gain support from the 100-hour SMA and the weekly PP at 1.3013 and trade sideways in the short run. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to

Mon, 03 Aug 2020 10:28:46 GMT

EUR/USD trades below 1.1800

The EUR/USD currency pair reversed south from the 2020 high located at 1.1903. Given that the pair is pressured by the 55- and 100-hour SMAs, it is likely that some downside potential could prevail. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to publish

Fri, 31 Jul 2020 10:49:41 GMT

Gold trades at 1,980.00

The XAU/USD exchange rate revealed a rising wedge pattern. From a theoretical point of view, it is likely that the rate could trade within the given pattern in the short run. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to publish the US ISM Manufacturing

Fri, 31 Jul 2020 10:40:00 GMT

USD/JPY pressured by 55- and 100-hour SMAs

The USD/JPY currency pair continues to be under pressure of the 55- and 100-hour SMAs near 105.00. It is likely that some downside potential could prevail in the market. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to publish the US ISM Manufacturing PMI survey

Fri, 31 Jul 2020 10:29:14 GMT

GBP/USD consolidates near 1.3150

The GBP/USD exchange rate continued to extend gains actively. During Friday morning hours, the rate was consolidating near the 1.3150 level. Economic Calendar The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to publish the US ISM Manufacturing PMI survey results at 14:00 GMT. Additionally, the US ISM

Fri, 31 Jul 2020 10:21:00 GMT

EUR/USD reached new maximum

The EUR/USD currency pair renewed the 2019/2020 maximum at 1.1903. It is likely that the pair could trade sideways between the given level and the monthly R2 at 1.1828. Economic Calendar Analysis The first week of August is going to be relatively busy on the economic calendar. On Monday, the Institute for Supply Management is going to publish the US ISM Manufacturing PMI

Thu, 30 Jul 2020 11:17:35 GMT

Gold remains below 1,970.00

The XAU/USD exchange rate failed to exceed the 1,970.00 level. Yellow metal could gain support from the 55-hour SMA and trade upwards in the short run. Economic Calendar Analysis On Thursday, pay attention to the US Advance GDP and the weekly US Unemployment Claims that should be published at 12:30 GMT. Click on the link below to find out more about the data

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