Gold remains in triangle

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


The yellow metal has continued to respect the support zone of the previously described descending triangle pattern. However, on Tuesday the 55 and 100-hour simple moving averages near 1,780.00 started to provide resistance. In the meantime, the 200-hour SMA had reached the triangle.

The price has been trading between a support zone at 1,770.00/1,775.00 and a descending trend line since June 21. In theory, the commodity price would trade in the pattern until a break out from it occurs.

If the price breaks out to the upside, the 1,800.00 mark would be reached. On the other hand, a passing of the 1,770.00/1,775.00 zone could result in a decline to the 1,750.00 mark.
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Wed, 30 Jun 2021 05:55:40 GMT

EUR/JPY decline likely to continue

The common European currency declined by 50 pips or 0.38% against the Japanese Yen on Tuesday. The currency pair breached the weekly pivot point at 131.64 during yesterday's trading session.

Tue, 29 Jun 2021 07:37:16 GMT

USD/JPY remains above 110.50

Since Monday's trading hours, the USD/JPY currency exchange rate has been fluctuating above the 110.50 mark. By large, the situation had not changed, as the rate remained between the support cluster near 110.50 and the resistance of the 55 and 100-hour simple moving averages. In the near term future, the pair was expected to get squeezed in between the resistance and

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