Gold continues to recover

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On Tuesday, the yellow metal's price continued to recover, as it approached the zone, which is located below the 1,810.00 mark. The zone acted as support in mid-January. During Tuesday's trading, it appeared that the zone was acting as resistance.

A move above the resistance zone and the 1,810.00 level could result in a test of the 1,815.00 level. Higher above, take into account the 1,825.00 mark and the 200-hour simple moving average near 1,820.00.

On the other hand, the price might bounce off the resistance zone. A potential decline would most likely look for support first in the 1,800.00 level, before reaching the 50-hour simple moving average near 1,795.00.
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Wed, 02 Feb 2022 07:42:41 GMT

EUR/JPY finds support in 200-hour SMA

The decline from the 129.50 mark eventually found support in the 200-hour simple moving average near 128.90. The SMA provided enough support for the currency pair to start a recovery. During the early hours of Wednesday's trading, the rate had reached the 129.40 mark. In the near term future, the currency exchange rate could be pushed up by the 50-hour

Tue, 01 Feb 2022 13:55:20 GMT

USD/JPY ends sideways trading

The USD/JPY ended trading in the sideways range by declining. By mid-Tuesday's trading, the rate had reached below 114.60. In the near term future, the rate might look for support in the 114.50 mark. The 114.50 mark was being supported by the 200-hour simple moving average. In the case that the rate passes below the 114.50 mark and the 200-hour simple

Tue, 01 Feb 2022 13:34:04 GMT

GBP/USD pierces 1.3500 mark

At mid-day on Tuesday, the GBP/USD currency exchange rate passed the resistance of the 1.3500 mark and shortly fluctuated above this level. Afterwards, the pair retraced to the 1.3480 mark. If the currency exchange rate continues to decline, it could look for support in the weekly simple pivot point at 1.3443 and the 50 and 100-hour simple moving averages near

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