Gold decline hits 1,800.00

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


At mid-day on Friday, the price for Gold touched the 1,800.00 level, which acted as support and caused a recovery up to 1,820.00.

If the metal continued to recover, expect the round levels at 1,820.00 and 1,830.00 to act as resistance. Meanwhile, take into account that short term support and resistance has been and could be provided in the future by the 50 and 200-hour simple moving averages. On Friday, the SMAs were located at 1,835.00 and 1,843.00.

On the other hand, a decline is set to look for support in the 1,800.00 level, prior to approaching the lower trend line of the channel down pattern, which had guided the price since the middle of April.
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Mon, 16 May 2022 09:59:12 GMT

EUR/JPY tests resistance zone

Since the start of this week's trading, the EUR/JPY currency exchange rate has been testing the resistance of the 134.28/134.42 zone. Meanwhile, during early Monday's trading, the 134.00 mark acted as support. A decline of the Euro against the Japanese Yen below the 134.00 mark and the 50-hour simple moving average would look for support in the 133.50 level.

Fri, 13 May 2022 17:43:09 GMT

USD/JPY recovery approaches 129.50

By late Friday's trading hours, the USD/JPY currency pair had recovered and almost reached the 129.50 mark. A move above the 129.50 level could encounter resistance in the technical levels that are spread out from 129.65 up to 130.00. Higher above, the 130.50 level might once again could stop a surge. Meanwhile, a potential decline would look for support in the

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