Gold aims at 1,800.00

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Source: Dukascopy Bank SA


The support of the zone just above the 1,770.00 level was enough for the metal's price to surge above the 55, 100 and 200-hour simple moving averages. By the middle of Thursday's European trading hours, the price was heading to the resistance of the 1,800.00 mark.

If the metal manages to pass the resistance of the 1,800.00 level, the rate could test the February high level at 1,815.00. On the other hand a potential decline caused by the 1,800.00 mark could look for support in the 55, 100 and 200-hour simple moving averages.

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Fri, 07 May 2021 05:29:46 GMT

EUR/JPY likely to trend higher

The common European currency surged by 62 pips or 0.47% against the Japanese Yen on Thursday. The currency pair tested the upper line of a descending channel pattern at 131.80 during Thursday's trading session.

Thu, 06 May 2021 09:45:07 GMT

USD/JPY breaks pattern

At mid-day on Thursday, the USD/JPY broke the support of the channel up pattern, which had guided the rate since late April. In the near term future, the rate was expected to reach the support of the 109.00 level, which had been impacting the rate throughout the recent history. If the 109.00 level provides support, the rate would most likely aim

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