Gold starts week above 1,500.00

Source: Dukascopy Bank SA
Gold began this week's trading above the 1,500.00 mark. However, additional gains were being limited by the technical resistance of the 200-hour simple moving average just above the 1,510.00 level.  

Meanwhile, the commodity price was being supported by the 55-hour SMA at 1,501.00.

In general, the price was expected to get squeezed in between these levels before resuming its surge.
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Tue, 17 Sep 2019 08:18:33 GMT

EUR/JPY might aim for 200-hour SMA today

The single European currency depreciated about 79 basis points against the Japanese Yen on Monday. The currency pair breached both the 50– and 100– hour SMAs at the end of the previous trading session.

Mon, 16 Sep 2019 09:27:01 GMT

USD/JPY starts week with a gap

On Monday, the USD/JPY started the week with a gap down opening. The start of trading was highly volatile until the rate began trading in the range between the 55 and 100-hour simple moving averages near 107.90.

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