Gold remains below 1,800.00

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Source: Dukascopy Bank SA


In the aftermath of reaching below the 1,800.00 level, the yellow metal's price has been finding support and resistance in round price levels. For example, the 1,760.00, 1,790.00 and 1,770.00 levels have been acting as support and resistance levels. In the meantime, the rate confirmed the 1,800.00 mark as resistance.

In the case of a potential surge, the price would have to pass the resistance of the 1,790.00 level and the 1,800.00 mark. By reaching above these levels, the price could potentially reach for the 1,840.00 level and the 200-hour simple moving average just below it.

On the other hand, a decline would look for support in the mentioned 1,760.00 and 1,770.00 levels before reaching the 1,750.00 mark.
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Mon, 28 Jun 2021 05:33:52 GMT

EUR/JPY decline likely to continue

On Friday, the common European currency fell by 24 pips or 0.18% against the Japanese Yen. The decline was stopped by the 200- hour simple moving average during Friday's trading session.

Tue, 22 Jun 2021 12:17:35 GMT

USD/JPY trades above support levels

This week, the USD/JPY surged above the technical levels near 110.20. Namely, the rate passed the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point. In the near term future, the rate could be pushed up by the hourly simple moving averages, as the rate confirmed the 100-hour SMA as support together with the weekly simple

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