EUR/JPY reaches new high level

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Source: Dukascopy Bank SA


On Thursday morning, the EUR/JPY currency exchange rate surged and reached a new February high level, as the 129.60 mark was touched.

A continuation of the surge of the Euro against Japan could find resistance in the weekly R2 simple pivot point at 129.67. Above the pivot point, resistance could be provided by the 130.00 mark or the weekly R3 simple pivot point at 130.09.

On the other hand, a potential decline of the pair could look for support in the 50-hour simple moving average near 129.30, before reaching the weekly R1 simple pivot point at 129.09 and the 129.00 mark.
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Thu, 03 Feb 2022 09:10:01 GMT

AUD/USD encounters resistance

The recovery of the Australian Dollar against the US Dollar appears to have ended at the 0.7160 mark. Namely, the pair bounced off this level at mid-day on Wednesday. By the start of Thursday's European trading hours, the currency exchange rate had reached the 0.7120 mark and the 50-hour simple moving average. In the case that the 50-hour simple moving average

Wed, 02 Feb 2022 14:17:01 GMT

Gold remains below 1,810.00

The price for gold continues to test the resistance zone below the 1,810.00 mark. Meanwhile, it was observed that the 1,795.00 mark was providing support. At mid-Wednesday, the price was located in the resistance zone. Due to that reason, previous forecast scenarios remain unchanged. A move above the resistance zone and the 1,810.00 level could result in a test of the

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