Gold trades between SMAs

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


Since the middle of Monday's trading hours, the yellow metal's price has been fluctuating between the support of the 100-hour simple moving average near 1,790.00 and the resistance of the 50-hour simple moving average at 1,800.00.

If the commodity price surges above the 1,800.00 mark, it could once again test the 1,815.00 level's resistance. Note that a move above 1,815.00 might result in the metal reaching the 1,830.00 level.

In the meantime, a decline of gold could find support in the 200-hour simple moving average at 1,786.00, before aiming at the December low levels near 1,755.00.
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Wed, 22 Dec 2021 07:34:40 GMT

EUR/JPY surge reaches above 128.50

The EUR/JPY passed above technical resistance levels and the 128.50 mark on Tuesday. On Wednesday morning, the rate appeared to be consolidating by slightly retracing back down. However, the rate had no close by technical resistance as high as 129.00 and no support as low as 128.50. A resumption of the surge of the Euro against the Japanese Yen

Tue, 21 Dec 2021 12:42:39 GMT

USD/JPY finds support in SMA

On Tuesday, the USD/JPY was finding support in the 50-hour simple moving average near 113.55. Meanwhile, the pair appeared to be ignoring the resistance of the 100 and 200-hour simple moving averages and the weekly simple pivot point in the 113.65/113.72 range. If the rate surges, it could find resistance in the 113.88/113.96 zone, which captures early December high levels. Higher

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