Gold once again tests 1,750.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The yellow metal found support in the 1,735.00 level and surged. At mid-day on Thursday, the commodity price was testing the resistance zone, which was located just below the 1,750.00 mark.

Note that this is the second attempt being made during this week's trading. In general, the future forecasts still remain upon whether or not the resistance zone holds.

In the case of the metal passing the resistance of the 1,750.00 level, the pair could test the March high levels above the 1,755.00 mark. On the other hand, a decline would look for support first in the 55, 100 and 200-hour simple moving averages near 1,740.00.
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Actual Topics

Fri, 16 Apr 2021 06:08:53 GMT

EUR/JPY bounces off support

The common European currency fell by 46 pips or 0.35% against the Japanese Yen on Thursday. The currency pair tested the 130.03 level during Thursday's trading session.

Thu, 15 Apr 2021 10:04:21 GMT

USD/JPY declines below 108.80

On Thursday, the USD/JPY currency exchange rate passed the support of the 108.80 level. It occurred, as the 55-hour simple moving average approached the rate from above. In the near term future, the rate was expected to decline. A potential decline could find support in the 108.50 level, the 50.00% Fibonacci retracement level at 108.35 and afterwards in the weekly S2

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