Gold pierces resistance zone

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Source: Dukascopy Bank SA


The price for gold started the week's trading with a gap up and piercing the resistance of the 1,913.50/1,922.00 zone. However, no less than an hour later, the commodity price returned to trading below the 1,922.00 mark. Moreover, during the mid-hours of Monday's European trading, the commodity price retreated to fluctuate between the support of the 200-hour simple moving average near 1,895.00 and the resistance of the 100-hour simple moving average at 1,910.00.

If the yellow metal's price surges above the resistance zone at 1,913.50/1,922.00, the commodity might encounter resistance in the 1,940.00 and 1,960.00 levels, before reaching the 1,975.00 mark. 

However, a potential decline below 1,878.00/1,884.00 zone might look for support in 1,850.00 and 1,825.00.
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Tue, 01 Mar 2022 10:22:25 GMT

EUR/JPY declines below 128.50

On Tuesday morning, the EUR/JPY currency exchange rate passed below the 128.50 mark and approached the support zone of the January low levels. However, take into account that the zone was pierced on February 24. A move below the low level zone could look for support in the 128.00 mark, which acted as support on February 24. Below the round

Mon, 28 Feb 2022 11:00:51 GMT

USD/JPY reveals resistance zone

First of all, the USD/JPY has broken the channel up pattern, which guided the rate up during the end of the last week. Meanwhile, the pair has revealed that it faces a resistance zone at 115.70/115.80. In the meantime, support was being provided by the 50-hour simple moving average and the 115.30 level. If the US Dollar passes the 115.70/115.80

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