Gold reveals pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On Monday, Dukascopy Analytics spotted that the recent decline of the yellow metal's price has been occurring in a simple channel down pattern. In the meantime, the rate continues to be impacted by the support and resistance of round price levels. 

Previously, the rate trade sideways above the 1,800.00 mark, which was passed at mid-day on Friday. 

In regards to the near term future, the rate was expected to continue to decline in the pattern's borders from one round price level to another. In the meantime, additional resistance could be provided by the hourly simple moving averages.
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Tue, 01 Dec 2020 08:18:36 GMT

EUR/JPY bounces off support

The 50– hour simple moving guided the Eurozone single currency against the Japanese Yen on Monday. The currency pair made about 65 basis points move or 0.52% during yesterday's trading session.

Mon, 30 Nov 2020 13:45:27 GMT

USD/JPY trades near 104.00

Since Friday, the USD/JPY currency exchange rate has been trading in limbo around the 104.00 level. In the meantime, it was spotted that the rate ignored the support and resistance of the hourly simple moving averages.  

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