Gold declines back to 1,810.00

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


At mid-day on Tuesday, the resistance of the 1,835.00 level was enough to start a decline of the price for gold. By the middle of Wednesday's trading, the price had reached the 1,810.00 level and was making its second attempt at finding support in it.

A move below the 1,810.00 mark might look for support in the 1,800.00 mark, before reaching the May 16 low level at 1,786.97. Further below, note the lower trend line of the channel down pattern, which has guided the price since April 18.

However, a recovery of the commodity price would have to pass the 1,820.0 level and the 100-hour simple moving average, before testing the resistance of the 1,830.00 mark and the Tuesday's high at 1.835.00.
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Thu, 19 May 2022 06:43:41 GMT

EUR/JPY reaches 134.00

The EUR/JPY decline eventually found support in he 134.00 mark. At midnight to Thursday, the pair started a recovery, which retraced to the combined resistance of the 135.50 mark and the 50-hour simple moving average. A decline from the 135.50 mark would look for support in the 134.00 mark and other round exchange rate levels, before the May 12

Wed, 18 May 2022 12:06:14 GMT

USD/JPY remains below resistance zone

The situation on the USD/JPY charts remains unchanged. Since the start of Monday trading, the USD/JPY has continued to test the resistance of the 129.49/129.80 zone, which marks the May 10 and 11 low levels. Due to that reason, previous forecast scenarios remain unchanged. A move above the 129.80 level could encounter resistance in the 130.00 mark, before reaching the 130.50/130.60

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