Gold found support below 1,800.00

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Source: Dukascopy Bank SA


The yellow metal found support in the zone above the 1,790.00 level. Meanwhile, as the price was being approached by the 200-hour simple moving average, a recovery began. By the middle of Tuesday's European trading hours, the bullion had reached above 1,810.00.

A continuation of the surge of the yellow metal's price could encounter resistance in the zone below the 1,820.00 mark. A passing of the resistance zone could result in the price reaching the 1,850.00 mark.

On the other hand, a decline would find support in the 55 and 100-hour simple moving averages near the 1,805.00 level before looking for support in the 1,800.00 level and the 200-hour SMA near 1,795.00.
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Wed, 14 Jul 2021 05:36:47 GMT

EUR/JPY traders go short

The 200– hour simple moving average provided resistance for the EUR/JPY currency pair on Tuesday. As a result, the Eurozone single currency declined by 85 pips or 0.65% against the Japanese Yen.

Tue, 13 Jul 2021 08:37:04 GMT

USD/JPY passes resistance levels

During Monday's trading, the USD/JPY broke the resistance of the 100-hour simple moving average and the weekly simple pivot point near 110.30. However, it did not result in an extended surge, as the currency exchange rate began to fluctuate sideways in the 110.30/110.50 range. If the rate ends the sideways trading by surging, it would encounter resistance near 110.65 where the

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