Gold respects resistance

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


Since the middle of Tuesday's trading hours, the price for gold has been kept down by the combined resistance of the 200-hour simple moving average and the 1,781.00/1,783.00 zone.

In the case that the 200-hour simple moving average continues to push the price down, it could find support in the 55 and 100-hour simple moving averages. The 55-hour SMA was located on Wednesday at 1,768.00, and the 100-hour SMA was at 1,764.00. Below these levels, the 1,745.00 mark could act as support.

However, a surge above the 200-hour SMA and the 1,781.00/1,784.00 zone might reach the resistance of the 1,800.00 level.
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Thu, 23 Sep 2021 05:09:01 GMT

EUR/JPY bounces off support

The EUR/JPY currency pair bounced off the lower boundary of a descending channel pattern at 127.94 on Wednesday. As a result, the Eurozone single currency edged higher by 68 pips or 0.53% against the Japanese Yen.

Wed, 22 Sep 2021 12:55:29 GMT

USD/JPY respects resistance at 109.60

On Wednesday morning, the USD/JPY currency pair bounced off the resistance of the 109.60 level. Previously, during night hours, the rate ended a decline by finding support in the September and August low level at 109.12. In the near term future, the rate had two possible scenarios. The pair could either pass the resistance of the 109.60 zone or bounce

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