Gold breaks resistance

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Gold started the week by surging and breaking the resistance of a descending channel pattern. The move was expected, as already on Friday the pair clearly bounced off the support of a dominant pattern and began to surge.  

In regards to the near term future, Dukascopy Analytics expects a consolidation of the gains. Namely, the metal's price will remain unchanged by trading sideways.  

Afterwards, the hourly simple moving averages would catch up and push the commodity price into the resistance of the monthly PP at 1,287.27
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Tue, 07 May 2019 07:47:44 GMT

EUR/JPY likely to gain strength today

The single European currency appreciated about 91 base points against the Japanese Yen on Monday. The currency pair tested a resistance level formed by the 50-hour simple moving average near the 124.20 area during yesterday's trading session.

Mon, 06 May 2019 10:46:40 GMT

USD/JPY opens with a gap

The USD/JPY started the week's trading with a large drop at the start of Monday's trading. It traded with large volatility until it finally found equilibrium near 110.70. In general, the rate has two possible scenarios.

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