Gold reaches above moving averages

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Source: Dukascopy Bank SA


On Thursday, the price for gold managed to break the combined resistance of the 50, 100 and 200-hour simple moving averages in the 1,925.00/1,928.00 range. Afterwards, the price made an attempt to approach the 1,940.00 mark, before retreating and confirming the combination of the three moving averages as support at 1,927.50.

At mid-day on Friday, the price was highly volatile between the 1,930.00 and 1,940.00 levels, as the SMAs acted as support and a previous high level zone below 1,940.00 provided resistance.

Above the 1,940.00 mark, the 1,950.00 level is expected to stop or even reverse a surge of the commodity price. On the other hand, a decline below the 1,930.00 and the simple moving averages could look for support in the 1,915.00/1,920.00 zone.

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Mon, 11 Apr 2022 08:40:00 GMT

EUR/JPY surge reaches above 136.50

The EUR/JPY currency exchange rate has continued to sharply surge. On Monday morning, the currency pair broke the resistance of the 136.00 and 136.50 levels. A continuation of the surge might encounter resistance first in one of the March high levels at 136.84. Higher above, note the 137.00 level and the weekly R3 simple pivot point at 137.18. On the

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