Gold remains below 1,870.00

Source: Dukascopy Bank SA


On Wednesday the yellow metal's price remained below the resistance of the 1,870.00 level. In the meantime, the price was approached by the 55-hour simple moving average, which could push the commodity price down.

In the case that the 55-hour simple moving average provides enough resistance for the rate to decline, the price would aim at the support of the 1,845.00 level. The 1,845.00 level has been providing both resistance and support since early May.

On the other hand, the price could break the resistance of the 55-hour simple moving average. In this case scenario, the metal could once again test the resistance of the 1,870.00 level.
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Wed, 16 Jun 2021 07:48:24 GMT

USD/CAD bulls could prevail

The USD/CAD exchange rate bounced off the weekly pivot point at 1.2130 on Tuesday.

Wed, 16 Jun 2021 07:28:39 GMT

USD/JPY tests support levels

On Wednesday morning, the USD/JPY currency exchange rate tested the support of the 55-hour simple moving average, the weekly R1 simple pivot point and the 110.00 mark. Future forecast were based upon whether these levels provide support. In the case of the rate passing the support levels near the 110.00 level, the pair would most likely reach for the support of

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