During the second half of Wednesday's trading, the EUR/USD was pushed up by the 55-hour SMA, which caused a piercing of the pivot point near 1.1090. On Thursday morning, the EUR/USD was still kept up by the support of the SMA, and it was expected that it would push the rate clearly through the 1.1090 level. Fundamentals Crash US Dollar Since Monday,
The surge of gold ended on Wednesday, as it approached the 1,485.00 level. The end of the surge was followed by a drop to the 1,475.00 level, where the price began to consolidate. The metal had two possible near term future scenarios, based upon whether the 1,475.00 manages to continue to provide support. Fundamentals Crash US Dollar Since Monday, December 2,
On Wednesday morning, the USD/JPY bounced off the support of a 38.20% Fibonacci retracement level at 108.44. The bounce off was part of a consolidation that was occurring in the aftermath of the recent sharp decline. The pair was expected to surge to the 108.90 level, where it would meet with technical resistance levels that would push it downwards. Fundamentals Crash US
The GBP/USD has reached the 1.3060 level, beating Tuesday's expectations. The next target for the surge was the 1.3100 level, which was expected to be reached after a period of sideways trading. At that level the rate should meet with a combination of pivot points and the psychological resistance of the 1.3100 level. Fundamentals Crash US Dollar Since Monday, December 2, the
On Wednesday, the EUR/USD remained near previous trading session levels, as it bounced between 1.1090 and 1.1080. In the meantime, the rate had been approached by the 55-hour simple moving average, which during the morning hours was located at 1.1065. Fundamentals Crash US Dollar Since Monday, December 2, the US Dollar has been depreciating. Most likely, the Greenback is pressured by various fundamental
Gold jumped on Tuesday, as this review was being written. The main reason for the surge was the fall of the US Dollar caused by EU-US trade dispute. Namely, the US retaliated against French digital tax by setting tariffs. The event was followed by an EU announcement that retaliation is upcoming. Meanwhile, from a technical perspective, the metal had no
The USD/JPY has plummeted below the 108.70 level. The fall of the US Dollar started on Monday and it was mostly fuelled by fundamentals. Among them was the weakness caused by US trade tariffs, a trade dispute with the EU, Cuban retailers moving away from using the USD and lower than expected US ISM Manufacturing PMI survey results. Economic Calendar This week
The GBP/USD has surged to new high levels and even pierced the 1.3000 level. The surge was cause by various fundamentals. Among them was the weakness caused by US trade tariffs, a trade dispute with the EU, Cuban retailers moving away from using the USD and lower than expected US ISM Manufacturing PMI survey results. Economic Calendar This week the rate might
The volatility of the EUR/USD increased in the second part of Monday's London trading hours. The currency exchange rate surged, as various fundamental news decreased the value of the US Dollar. Among these was a trade dispute between the EU and the US, Cuban retailers moving away from using the USD, tariffs on Latin American imports and lower than forecast
On Wednesday, November 27, the DUK+/EUR rate pierced the trend line, which supported it since October 21. It signalled that a decline is about to occur. By the middle of Monday's, December 2, London trading hours, the decline of the rate had touched the 1.0400 level. The price had declined by almost 23%. The fall was attributed to the crypto
By the middle of Monday's London trading session, the yellow metal had traded between 1,454.00 and 1,462.00. In general, the 1,454.00 level continued to support the metal. In the meantime, the rate was being kept down by the 200-hour SMA and a 23.60% Fibo just above the 1,462.00 mark. In the meantime, a channel up pattern has been spotted on the
On Monday morning, the USD/JPY tested the resistance of the 109.70 level. Near that level resistance is provided by a 50.00% Fibonacci retracement level and a trend line, which connects the high levels of 2018 and 2019. Note that one has to zoom out the chart for the historical price information to load and the reference points for the two year
On Monday, the GBP/USD found support in a cluster of technical levels just below the 1.2900 mark and began a surge. By the middle of the day, the surge was expected to reach the 1.2950 level. At that level, the pair should encounter the psychological resistance, which stopped the rate's last week's surge. Economic Calendar This week the rate might get impacted by
On Monday, the EUR/USD traded at technical support levels that were concentrated at 1.1010. At that level two SMAs and the weekly simple pivot point were located at. The near term future forecasts were based upon what would happen at this level. In the meantime, take into account that there was a large increase of volatility on Friday. A detailed report on
The yellow metal's price has broken a channel down pattern. In addition, the resistances of the 55 and 100-hour simple moving averages were passed on Friday. Meanwhile, it was spotted that round price levels were having bigger impact on gold than the simple moving averages. Due to that reason it was more valuable to watch them. Economic Calendar Analysis This week there
The USD/JPY has broken an ascending channel pattern by trading sideways. Namely, it has remained between a pivot point at 109.47 and the resistance of a 50.00% Fibonacci retracement level at 109.58. The rate is expected to remain between these levels until the support of the 55-hour simple moving average approaches the pair. The SMA could push the rate higher and
On Friday, the GBP/USD retreated to the last technical support level that it has above the 1.2780 level. Namely, the weekly pivot point at 1.2883. If the rate passes this level on Friday, a sharp decline could start. However, take into account that our analysts spotted a trend line, which could slow down a fall of the rate near the 1.2850
On Friday morning, the EUR/USD traded below the 55 and 100-hour simple moving averages, which had provided resistance to the rate since the middle of the night in GMT hours. In general, the previous short term forecast was still valid. The SMAs were expected to push the currency exchange down to the weekly pivot point at the 1.0994 level. Economic Calendar Analysis This
On Thursday, the yellow metal's price remained near previous levels. Namely, it fluctuated between 1,454.00 and 1,458.00. From a technical perspective, the price was expected to reach the support of the 1,450.00 level, as soon as the 100-hour SMA approaches the metal's price from above. Economic Calendar Analysis This week there are no more data releases, which might impact this rate. Meanwhile,
Shortly after Dukascopy Analytics published Wednesday's review, the USD/JPY managed to break the resistance of the 109.20 level. It resulted in a sharp surge that reached 109.60. The rate bounced off this level. By the middle of Thursday's trading the rate had retreated, consolidated and resumed its surge. Namely, it was set to again test the 109.60. Economic Calendar This week there are
In the second half of Thursday's London trading session, the GBP/USD traded above the support of the 200-hour simple moving average at 1.2905. In general, the rate was expected to surge as soon as the additional technical support of the 55 and 100-hour simple moving averages approaches the pair from below. Economic Calendar This week there are no more data releases, which might
On Wednesday, the EUR/USD reached the support of the 1.1000 level and the weekly S1 at 1.0994. Namely, the rate reached below the expected level. At the pivot point, the rate found support and began a surge, which by the middle of Thursday's trading had reached the resistance of the 100-hour simple moving average at 1.1018. Economic Calendar Analysis This week there are
Throughout the first half of Wednesday's trading, gold was kept up by the 55-hour SMA, which provided support. Just after midday, the metal's price declined below it, signaling a decline. In theory, in the near term future, the metal should decline to the psychological support of the 1,450.00 mark, which provided support on Tuesday. Economic Calendar Analysis This week there are no
On Wednesday, the USD/JPY made another attempt to pass the resistance of the 109.20 level. The level managed to hold and forced the pair into a retreat down to the lower trend line of a channel up pattern. The future forecasts were based upon whether or not the supporting trend line of the pattern causes a surge. Economic Calendar This week there are