EUR/JPY surge continues even higher

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


The surge of the Euro against the Japanese Yen has reached a new high level, as the 131.00 mark has been passed and the 131.50 level was reached. On Thursday morning, it was spotted that the rate was finding support in the 131.00 level and the 131.50 still acted as resistance.

If the pair reaches above the 131.50 mark, the rate might encounter resistance at the weekly R2 simple moving average at 131.82. Higher above, the 132.00 and 132.50 levels could act as resistance.

On the other hand, a decline of the currency exchange rate would have to pass the support of the 131.00 mark, before looking for support in the 130.50 mark and the 50-hour simple moving average near 130.20.
Back to articles

Actual Topics

Thu, 17 Mar 2022 09:24:29 GMT

AUD/USD surges above resistance levels

By the middle of Thursday's trading, the AUD/USD currency exchange rate surged and passed above resistance levels that are located from the 0.7290 up to the 0.7330 mark. Namely, round price levels, previous notable levels and technical indicators were ignored. The surge was mainly attributed to the US Dollar weakness, which was caused by the yesterday's US Federal Reserve rate

Wed, 16 Mar 2022 10:39:44 GMT

USD/CAD returns back below 1.2800

The USD/CAD surge on Tuesday ended at the 1.2860 level. Afterwards, a sharp decline started, which by the middle of Wednesday had almost reached the 1.2700 mark. During the decline, the pair shortly paused at the support levels near 1.2780. If the decline of the USD/CAD passes below the 1.2685/1.2700 zone, the rate might look for support in the weekly S1

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.