Gold extends recovery

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


The recovery from the 1,890.50/1,893.60 zone continued during Wednesday's trading hours. By 15:00 GMT, the price for gold was approaching combined resistance of the 100-hour simple moving average at 1,937.50 and the 1,940.00 mark.

If the price for gold manages to pass above the 1,940.00 level, next targets for the commodity might be the 1,950.00 mark and the late March high level at 1,966.50.

On the other hand, a bounce off from 1,940.00 is expected to look for support in the 1,930.00 and 1,920.00 levels, before approaching the 1,900.00 mark and the support zone at 1,890.50/1,893.60.
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Thu, 31 Mar 2022 08:41:39 GMT

EUR/JPY encounters resistance in pivot point

The Wednesday's surge of the EUR/JPY currency exchange rate eventually encountered resistance. The resistance was provided by the weekly R2 simple pivot point at 136.83. Previously, the pivot point did not impact the rate. During the early Thursday's trading hours, the pair declined and approached the support zone at 135.20/135.30. If the currency exchange rate declines below the 135.20/135.30 zone,

Wed, 30 Mar 2022 14:42:27 GMT

USD/JPY reaches support zone

The decline of the USD/JPY currency pair eventually reached the support zone at 121.00/121.50. In that zone, the last week's high and low level zone is located at. In addition,note the weekly simple pivot point at 121.27. Moreover, the 200-hour simple moving average has crossed the zone. In the near term future, the ascending 200-hour simple moving average could

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