Gold remains above support

Source: Dukascopy Bank SA


By mid-Tuesday, the situation on gold charts remained unchanged, as the commodity price continued to trade above the 1,930.00/1,932.25 range.

A move below 1,930.00 is set to find support at 1,925.00, prior to the commodity price reaching the support range above 1,920.00.

On the other hand, a surge of gold's price is expected to face resistance in the combination of the 1,940.00 level and the 50 and 100-hour simple moving averages. Higher above, take into account the 1,945.00 and 1,950.00 levels and the 200-hour simple moving average.
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Wed, 09 Aug 2023 09:46:28 GMT

EUR/USD respects support zone

The EUR/USD continues to wait for the US CPI in the same range, as it has bounced off the support zone at 1.0935/1.0950 and recovered back to levels near 1.1000. Forecasts remain unchanged. A decline might look for support in the 1.0935/1.0950 range, before reaching the weekly S1 simple pivot point at 1.0928. Further below, note the 1.0900 mark, the

Tue, 08 Aug 2023 10:36:17 GMT

USD/JPY approaches 143.50 level

On Tuesday, the USD/JPY managed to reach above the 142.70/143.10 range and the 100-hour simple moving average. The event was followed by the pair encountering resistance in the combination of the 143.50 level and the weekly R1 simple pivot point. A move above 143.50 and the weekly R1 simple pivot point at 143.49 could be slowed down by the 144.00

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