Gold pierces 1,800.00 level

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


The yellow metal's price passed the resistance of the 1,800.00 level on Friday morning. The 1,800.00 kept the rate from surging since the start of September 8. However, the price almost immediately found resistance in the 100-hour simple moving average near 1,805.00.

In the case that the price passes the 100-hour simple moving average, the bullion could test the resistance of the 200-hour SMA at 1,809.50. Above the 200-hour SMA, the summer high levels at 1,830.00/1,835.00 might once again serve as resistance.

However, a bounce off from resistance would possibly look for support in the 55-hour simple moving average at 1,795.00. Below the SMA, the support zone just below the 1,785.00 might provide support.
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Mon, 13 Sep 2021 05:16:18 GMT

EUR/JPY decline likely to continue

On Friday, the Eurozone single currency declined by 47 pips or 0.36% against the Japanese Yen. The 50– hour simple moving average pressured the exchange rate lower during Friday's trading session.

Fri, 10 Sep 2021 08:41:09 GMT

USD/JPY bounces off SMAs

On Friday morning, the USD/JPY bounced off the combined resistance of the 55, 100 and 200-hour simple moving averages and the 110.00 round exchange rate level. Meanwhile, note that the rate ignored the support and resistance of the weekly simple pivot point at 109.82. In the case that the rate declines, it could look for support near the 109.60 level. A

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