Gold passes support levels

Source: Dukascopy Bank SA


On Monday morning, the slowed down decline of the yellow metal's price reached below the support of the 200-hour simple moving average. The SMA had kept the pair up together with the 1,765.00 mark since early Friday's trading hours.

If the metal's price declines, it could reach the support of the October low level zone of 1,745.00/1,751.00.

However, a recovery of the price might encounter resistance in the 200-hour SMA at 1,768.00. Afterwards, the 100 and 55-hour SMAs might act as resistance at 1,777.25 and 1,784.50
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Tue, 19 Oct 2021 04:36:40 GMT

EUR/JPY potential target at 134.00

On Monday, the common European currency surged by 52 pips or 0.40% against the Japanese Yen. The currency pair breached the 132.78 level during the Asian session on Tuesday.

Mon, 18 Oct 2021 08:13:58 GMT

USD/JPY trades between round levels

Since the middle of Friday's GMT trading hours, the USD/JPY has fluctuated between the 114.00 and 114.50 levels. On Monday morning, the pair was being approached by the 55-hour simple moving average. If the 55-hour SMA provides the USD/JPY with support, a surge could begin. A surge might aim at the resistance of the 115.00 level before reaching the weekly R1

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