Gold returns to 1,950.00

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


At mid-day on Monday, the price for Gold declined to the support of the zone near 1,950.00. In the meantime, it was spotted that the commodity price was declining in a channel down pattern. However, take into account that this week, the moves in the financial markets are fundamental, as everyone is waiting for the Wednesday's US Federal Reserve rate hike.

If the price continues to decline by moving below the 1,950.00 mark, the 1,920.00 and 1,900.00 levels are expected to act as support just like they did in early March.

On the other hand, a surge of the metal could encounter resistance in the zone that surrounds the 1,975.00 mark, the upper trend line of the channel down pattern and the 50 and 200-hour simple moving averages. Higher above, note the 2,000.00 level and the 100-hour SMA.
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Tue, 15 Mar 2022 09:19:55 GMT

EUR/JPY surge reaches 130.00 mark

As forecast on Monday, the EUR/JPY reached the 130.00 mark on Tuesday. The 130.00 mark acted as resistance up to the middle of the day's European trading. A bounce off from the 130.00 mark is still expected to look for support in the 129.00 mark and the high level zone below it, before approaching the 128.50 level and the 50-hour

Mon, 14 Mar 2022 14:11:49 GMT

USD/JPY reaches 118.00

On the third attempt the USD/JPY broke the resistance of the 2022 high level zone at 116.20/116.35. The event was followed by a sharp move upwards. Up to the middle of Monday's trading, USD/JPY bulls were looking at profits, as the pair had reached the 118.00 mark. During the last couple of trading sessions, the pair only shortly paused at

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