EUR/JPY continues to recover

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Source: Dukascopy Bank SA


On Wednesday, the EUR/JPY currency exchange rate continued to recover, as during the morning hours of the day's trading the pair broke the resistance of the weekly simple pivot point at 126.53.

If the Euro continues to gain value against the Japanese Yen, the pair might find resistance at the 127.50 mark, which is strengthened by the 200-hour simple moving average. Higher above, take into account the resistance line, which connects the February high levels.

However, a decline of the currency exchange rate might look for support in the weekly simple pivot point at 126.53 and the 126.50 level, before approaching the 126.00 mark, the 50-hour simple moving average near 125.75 and the 125.50 level.
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Wed, 09 Mar 2022 08:53:54 GMT

AUD/USD bounced off support zone

On Tuesday, the AUD/USD currency exchange rate shortly touched the support zone at 0.7240/0.7250 and started a recovery. Initially, the recovery was slowed down by the resistance of the 200-hour simple moving average near 0.7280. At mid-day, the SMA failed to keep the pair down and the AUD/USD surged to the combined resistance of the 50-hour simple moving average and

Tue, 08 Mar 2022 12:44:49 GMT

Gold surge reaches 2,020.00

Despite shortly reaching below the support of the 1,975.00 mark on Monday, the metal surged on Tuesday and reached the 2,020.00 level. From a technical analysis perspective, the yellow metal's surge was attributed to the approaching support of the 50-hour simple moving average. During the mid-hours of Tuesday's trading, the price bounced off the 2,020.00 mark and confirmed the

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