USD/JPY hits new high

Source: Dukascopy Bank SA


The surge of the US Dollar against the Japanese Yen continues. On Monday morning, the rate attempted to reach the 141.00 mark, before retracing back down to the support of the 50-hour simple moving average near 140.15.

In the case that the 50-hour SMA once again pushes the pair up, the rate would aim at the resistance of the 141.00 mark. Above 141.00, the 141.50 level and the weekly R1 simple pivot point could act as resistance.

However, a decline below the 50-hour SMA might find support in the 140.00 mark. Below 140.00 the combination of the weekly simple pivot point at 139.60, the 139.50 level and the 100-hour simple moving average are expected to act as support.
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Actual Topics

Wed, 31 May 2023 10:19:49 GMT

EUR/USD passes support levels

The EUR/USD has passed below the 1.0700 mark, which previously acted as support. In general, the pair has reached levels not seen since March, as the US Dollar continues to gain value. An extension of the ongoing decline might be slowed down by round exchange rate levels, as it has been spotted that round levels manage to impact the rate.

Mon, 29 May 2023 12:17:46 GMT

Gold faces new resistance

During the past trading sessions, gold has been finding support in the 1,940.00 mark. Meanwhile, resistance appears to be provided by the 50-hour simple moving average not the 1,952.00/1,955.00 range or the 1,950.00 mark. On Monday, the 50-hour SMA was located near 1,945.00. In the near term future, the 50-hour simple moving average might push the price down and through the

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