Gold passes moving averages

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


On Wednesday, the yellow metal passed the resistance of the 1,765.00 level. Afterwards, the commodity price one by one passed the technical resistance of the 55, 100 and 200-hour simple moving averages. By the middle of Thursday's European trading hours, the price had almost reached the 1,780.00 level.

Note the resistance of the descending trend line of the last week's high levels. It could provide resistance to the bullion's attempts at surging.

If the metal passes the resistance line, it could reach for the 1,800.00 mark. On the other hand, a bounce off from the trend line would look for support in the 55, 100 and 200-hour simple moving averages and afterwards the 1,771.00/1,774.00 zone.

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Fri, 02 Jul 2021 05:12:47 GMT

EUR/JPY breakout occurs

The EUR/JPY currency pair bounced off a support level formed by the 50– hour simple moving average at 131.60 on Thursday.

Thu, 01 Jul 2021 08:19:05 GMT

USD/JPY skyrockets to 111.40

The USD/JPY ended the sideways trading around the 110.50 level by sharply surging up. It initially jumped to the zone above the 111.00 level. A following sideways trading ended in a resumption of the surge during early Thursday's hours. The surge was expected to reach the resistance of the weekly R1 simple pivot point at 111.40. In the case that the

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