Gold respects round levels

Source: Dukascopy Bank SA


The price for gold has remained near the 1,870.00 level. Meanwhile, previous low and high level zones are being ignored. However, round price levels appear to be still impacting the commodity price.

A potential move higher is bound to encounter strong resistance in the 1,900.00 mark. Meanwhile, a decline is set to look for support in 1,850.00 and 1,800.00.

Although, most moves are set to be fundamental due to the upcoming publication of the US Consumer Price Index.
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Tue, 14 Mar 2023 14:29:39 GMT

EUR/USD faces resistance at 1.0750

The EUR/USD has revealed a resistance zone below the 1.0750 mark. Meanwhile, support is being found in the trend line, which has guided the currency pair up since Friday. In addition, note the support of the 50-hour simple moving average and the 1.0700 mark. A move above the 1.0750 level could encounter resistance in the combination of the weekly

Fri, 10 Feb 2023 12:02:32 GMT

USD/JPY finds support in 130.00

The USD/JPY currency pair has found support in the 130.00 mark. However, it appears that all attempts to surge are being stopped in the 131.20/131.85 range. In this range all this week surge attempts have been reversed. A surge of the US Dollar against the Yen would have to reach above the 131.20/131.85 range. Higher above, the 132.00 and 132.50

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