Gold retraces back down

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


After reaching above the 1,915.00 level on Tuesday, the yellow metal's price began a decline. During the first part of Wednesday's trading, the price was fluctuating sideways below the resistance of the 100-hour simple moving average. In the meantime, the rate was being approached by the support of the 200-hour simple moving average.

In the near term future, the rate should get squeezed in between the 100 and 200-hour simple moving averages. Afterwards, a break out from the squeeze either up or down should occur.

If the price breaks out to the upside, it would face the resistance of the 55-hour SMA at 1,904.60 first. Afterwards, the 1,910.00 mark could provide resistance.

On the other hand, a potential decline below the 200-hour SMA could look for support in the zone below the 1,890.00 level.
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Thu, 03 Jun 2021 06:22:55 GMT

EUR/JPY consolidates below 134.00 level

The common European currency has been trading sideways against the Japanese Yen since May 27. The currency pair maintained the sideways movement during Wednesday's trading session.

Wed, 02 Jun 2021 10:40:28 GMT

USD/JPY recovers and aims at 110.00

The USD/JPY currency exchange rate eventually found enough support in the 109.33/109.36 zone to pass the resistance of the 55-hour simple moving average, which reversed an attempted recovery on Tuesday. By the middle of Wednesday's trading hours, the pair had reached above the 61.80% Fibonacci retracement level at 109.83. In the near term future, the pair could first test the 110.00

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