Gold continues to decline

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Source: Dukascopy Bank SA
Gold continued to decline on Monday. It had reached below the 1,290.00 level. In general, the decline was expected to continue, as the metal faced no technical support as low as the 1,276.65 level. 

Meanwhile, the decline was overextended. Due to that reason the price might first trade sideways to consolidate its level. In addition, the simple moving averages would then catch up.
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Tue, 05 Mar 2019 10:05:33 GMT

EUR/JPY tests support cluster at 126.66

The single European currency depreciated about 91 base points against the Japanese Yen on Monday. The decline was stopped by a support level formed by the 100-hour simple moving average at 126.50 during yesterday's trading session.

Mon, 04 Mar 2019 10:30:56 GMT

USD/JPY tests resistance at 112.00

The USD/JPY has reached the 112.00 level, as it was forecast on Friday. The 112.00 level is providing resistance to the currency exchange rate and has forced it into retracing back downwards three times.  

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