Gold tests week's low level

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


On Wednesday morning, the yellow metal's price had reached the support zone of this week's low levels near the 1,750.00 level. In addition, the price had reached below the 55, 100 and 200-hour simple moving averages.

If the bullion declines, the price might find support in round price levels before reaching the September low level at 1,721.00/1,723.00.

However, a recovery of the metal's price might find resistance in the 200-hour SMA at 1,750.00, the 100-hour SMA at 1,754.50 and the 55-hour SMA at 1,760.00.
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Thu, 07 Oct 2021 04:52:27 GMT

EUR/JPY bears could prevail

Downside risks dominated the EUR/JPY currency pair on Wednesday. As a result, the common European currency declined by 108 pips or 0.83% against the Japanese Yen during yesterday's trading session.

Wed, 06 Oct 2021 07:51:06 GMT

USD/JPY sharply recovers

The USD/JPY has recovered, as it found support in the 110.82/110.90 zone. The following surge passed the resistance of the 55, 100 and 200-hour simple moving averages. On Wednesday morning, the rate had reached the 111.80 level. A continuation of the surge of the USD/JPY currency exchange rate could reach first for the weekly R1 simple pivot point at 111.93. Afterwards,

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