Gold continues to surge

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


By the middle of Monday's European trading hours, the yellow metal's price had reached the 1,790.00 level. Since passing the 1,750.00 level on Thursday, the price had been gradually climbing. In the near term future, the surge was expected to test the resistance of the 1,800.00 mark.

If the metal manages to pass the 1,800.00 level, the price could extend its surge to the 1.815.00 level. The 1,815.00 level provided the price with resistance during the second part of March.

On the other hand, in the case of a decline, the metal's price would look for support in the lower trend line of a channel up pattern and the 55-hour simple moving average.
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Tue, 20 Apr 2021 06:28:49 GMT

EUR/JPY could continue to edge up

The common European currency has surged by 80 pips or 0.62% against the Japanese Yen since yesterday's trading session. Bullish traders were unable to break the 130.54 level.

Mon, 19 Apr 2021 11:29:56 GMT

USD/JPY drops to 108.00

On Monday morning, the USD/JPY dropped below the support of the 108.63 level, which kept the rate up during the last week. This resulted in a sharp move down that by the middle of Monday's trading reached the 108.00 mark. In the near term future, the rate was expected to consolidate by retracing back up to the resistance levels near 108.35

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