Gold continues to decline

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Source: Dukascopy Bank SA


At GMT timezone midnight to Tuesday, the price for gold declined below the support zone near 1,950.00. By the middle of the day's trading, the commodity had reached below 1,920.00. 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 commodity price continues to decline, the metal might look for support in the 1,900.00 mark and the March low level zone at 1,880.00.

Meanwhile, a potential surge of the price is expected to face resistance in the 1,920.00 and 1,940.00 levels and the upper trend line of a channel down pattern, before approaching the 1,950.00 mark.
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Wed, 16 Mar 2022 09:58:20 GMT

EUR/JPY reaches above 130.00 level

The EUR/JPY passed above the 130.00 mark and the weekly R1 simple pivot point at 129.94. The clear move above the resistance occurred, as the 50-hour simple moving average approached the currency exchange rate. A potential surge of the rate higher is expected to find some resistance at the round exchange rate levels at 130.50, 131.00 and 131.50, before approaching

Tue, 15 Mar 2022 14:06:48 GMT

USD/JPY surge ends near 118.50

The surge of the US Dollar against the Japanese Yen has encountered resistance near the 118.50 mark. Namely, a narrow zone below the round exchange rate level appears to have had enough profit taking and going short that the pair reversed its direction. On Tuesday, the currency pair's decline found support in the 50-hour simple moving average near 117.80. If the

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