Gold finds support in moving average

Source: Dukascopy Bank SA


The price for gold has found support in the 50-hour simple moving average. By the middle of Tuesday's trading hours, the SMA had stopped three declines of the metal's price.

If the 50-hour simple moving average continues to push the price up, the 1,865.00 level could act as resistance, before testing the resistance of other round price levels.

On the other hand, a decline of the commodity below the moving average could look for support in the 1,850.00 mark and the 100 and 200-hour simple moving averages near 1,840.00 and 1,830.00.
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Wed, 25 May 2022 09:05:51 GMT

EUR/JPY declines to 135.50

On Wednesday morning, the EUR/JPY currency exchange rate declined below the support of the 50 and 100-hour simple moving averages and reached the 135.50 level. A move below the 135.50 level could look for support in the 200-hour simple moving average near 135.30 and the weekly simple pivot point at 135.14. Further below, take into account the late May

Tue, 24 May 2022 10:49:24 GMT

USD/JPY approaches support zone

The USD/JPY encountered resistance in the 100-hour simple moving average and the 128.00 mark at midnight to Tuesday. During the first half of Tuesday's trading hours, the pair had declined and approached the support of the 127.00 level. In the case that the pair reaches below the 127.00 mark, the weekly S1 simple pivot point at 126.60 might act as support.

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