By the time the GBP/USD Trading Idea publication was made, the second scenario of the morning GBP/USD Technical Analysis article became reality. The pair broke the upper trend line of a channel down pattern. By the middle of Wednesday's London Trading session, the rate had also surged above technical levels that were located near 1.2880. Economic Calendar This week there are no
On Wednesday, the EUR/USD traded near previous session's levels. In the meantime, take into account that the 55-hour SMA did not manage to push the rate down on Tuesday. In regards to the near term future, the pair was still expected to reach for the support of the 1.1000 level. Economic Calendar Analysis This week there are no more data releases, which might
Last week, Dukascoin found support in 1.1700 and made another attempt to pass the resistance of the 1.3900 level. This week, on Monday, the DUK+/EUR rate had retreated and found support in an ascending trend line at 1.2000. In regards to the near term future, the pair was expected to once more make an attempt to pass the 1.3900 level. Daily
On Tuesday, gold made an attempt to surge, which was stopped by the resistance of the 55-hour simple moving average near 1,460.17. The SMA was expected to push the rate into a test of the support of the 1,450.00 level. Economic Calendar Analysis The pair could be slightly impacted by the US publications on Wednesday. At 13:30 GMT, the US Durable Goods Orders,
The USD/JPY touched the 109.20 level during the night from Monday to Tuesday. Afterwards the rate retreated and began to trade sideways below the 109.00 mark. In regards to the near term future, the rate was expected to get support from the 55-hour simple moving average. The SMA could push the rate higher. Economic Calendar The pair could be slightly impacted by the
On Tuesday, the GBP/USD declined below the hourly simple moving averages and the weekly pivot point. As a result of the decline, the rate had no technical support as low as the 1.2780 level However, note that the pair might find psychological support in the 1.2850 and 1.2800 levels. Economic Calendar The pair could be slightly impacted by the US publications on Wednesday. At
The EUR/USD started the week by trading below the 1.1030 level. On Tuesday, the rate was set to test the resistance of the 55-hour simple moving average. Future scenarios were based upon what would happen at this level. Economic Calendar Analysis The EUR/USD could be slightly impacted by the US publications on Wednesday. At 13:30 GMT, the US Durable Goods Orders, Core Durable
By the middle of Friday's trading, the yellow metal had reached above the resistance of 55 and 100-hour simple moving averages near 1,470.00. In regards to the future, the metal had no resistance as high as the pivot point at 1,475.18. Economic Calendar Analysis Next week, the pair could be slightly impacted by the US publications on Wednesday. At 13:30 GMT on that
On Friday, the USD/JPY rate traded near the previous levels. In general, the rate could continue to trade flat. However, some signals of a decline were present on the hourly candle chart. Economic Calendar Next week, the pair could be slightly impacted by the US publications on Wednesday. At 13:30 GMT on that day, the US Durable Goods Orders, Core Durable Goods Orders and
Despite previous expectations and historical data showing the opposite, the GBP was impacted by Markit UK Purchasing Manager's Indices. The data revealed that the UK firms are even more pessimistic than it was previously thought. The publication of the survey results caused a sharp drop of the rate, which went through the support of the 200-hour SMA. The decline was
On Friday morning, the EUR/USD traded with an increased volatility. The volatility was caused by the publication of European PMIs. They showed mixed results, as they were being published over a period of an hour. In general, good news from France caused a surge, which were followed by mixed German results and lower than forecast results of the combined Euro Zone
Since the middle of Wednesday's London trading hours, the yellow metal's price has fluctuated between 1,465.00 and 1,476.00. Economic Calendar Analysis There are no more scheduled data releases this week that might impact gold's price. The week's reaction tables have been published. Take a look at the 18.11-22.11 Event Historical Reactions publication. Read More: 18.11-22.11 Event Historical Reactions XAU/USD short-term forecast On
The USD/JPY currency exchange rate has been trading mostly ignoring and piercing technical levels. That is explained by the constant announcements being made about the US-China trade war. Namely, the JPY is highly volatile due to it being the top safe haven currency, which is being bought during times of uncertainty. Economic Calendar This week, there are no more pre-scheduled events that might
The GBP/USD did not follow technical levels on Wednesday, as it surged breaking various technical levels. By the middle of Thursday's trading, the exchange rate had touched the 1.2950 levels. If the surge would continue, it would test resistance at 1.2956 and 1.2974. Economic Calendar There are no more events scheduled for this week that might impact the GBP/USD. The week's reaction tables have
The EUR/USD found support in the 100-hour simple moving average above the 1.1050 level. This event caused a surge, which by the middle of Thursday's trading session had reached the 1.1090 level. From a technical perspective, the rate was expected to continue to surge, as the most close by technical resistance was located at the 1.1100 level. Economic Calendar Analysis On Friday, the
Gold reached its target at 1,475.18, where a monthly pivot point is located at. In addition, on Wednesday the rate passed this resistance and shortly reached above 1,478.00. By the middle of Wednesday's London trading hours, the commodity price was consolidating its gains by retracing downwards. Economic Calendar Analysis On Wednesday, the FOMC Meeting Minutes are set to be published at 19:00
The USD/JPY has declined to and pierced the support of the 38.20% Fibonacci retracement level at 108.44. The piercing of the Fibonacci retracement level and the fact that the pair is being approached by the resistance of the 55 and 100-hour SMAs signal that a decline is highly likely. Economic Calendar This week, the rate is expected to be impacted by one event. On
The GBP/UD has declined. By the middle of Wednesday's trading, the currency exchange rate had touched the 1.2888 level. The rate was likely to continue the decline, as the closest by technical support levels were located above the 1.2870 level. 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
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