EUR/JPY trades in 100 point range

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Source: Dukascopy Bank SA


On Thursday, the EUR/JPY pair passed above the resistance levels in the 134.75/135.50 range. Afterwards, the 135.50 mark acted as resistance and caused a decline, which reached and confirmed the 134.30/134.40 zone as support.

At mid-day on Friday, the pair had found support in the 134.30/134.40 zone and approached the 135.00 level, which appeared to be acting as resistance.

If the rate reaches above the 135.00 mark, it might be slowed down by the 200-hour simple moving average, before reaching the 135.50 level. On the other hand, a potential decline is most likely going to look for support in the 134.50 level, prior to reaching the 134.30/134.40 zone.
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Fri, 08 Apr 2022 09:00:09 GMT

AUD/USD passes low level zone

On Friday morning, the AUD/USD currency pair passed below the 0.7465/0.7475 zone. However, support was almost immediately found in the 0.7460 mark. A continuation of the decline would result in the pair looking for support in the weekly S1 simple pivot point at 0.7448 and the 0.7450 mark. Below the pivot point, note the early March high at 0.7440 and

Thu, 07 Apr 2022 11:18:19 GMT

Gold encounter resistance in moving average

Since the middle of Wednesday's trading, the price for gold was kept down by the resistance of the 200-hour simple moving average, which was gradually declining. In the meantime, previous forecasts remained unchanged. If the pair surges above the 200-hour simple moving average near 1,930.00, the price is expected to find resistance at each five dollar round level. Namely, 1,935.00, 1,940.00,

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