Gold drops below support

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


It appears that market participants have taken profits from the commodity price's recent surge. The price has declined to trade at 1,920.00/1,935.00. Meanwhile, the metal has broken the support of various moving averages and the support trend line, which has guided it recently.

The near term future of the price for gold is going to be set by the US Federal Reserve on Wednesday at 19:00 GMT. A surge is expected to test the previous high level zones.

In the meantime, a decline is bound to look for support in the 1,900.00 mark.
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Tue, 31 Jan 2023 09:46:48 GMT

EUR/USD drops below support

The EUR/USD did not wait until the publication of the US Federal Reserve rate or the ECB rate, as on Tuesday morning the pair declined. Namely, the pair reached below the 1.0835/1.0840 range and approached the 1.0800 mark. An extension of the decline of the Euro against the US Dollar might look for support in the 1.0800 mark and

Mon, 30 Jan 2023 15:19:07 GMT

USD/JPY continues to trade near 130.00

The USD/JPY is ignoring the technical levels like the weekly simple pivot point and hourly moving averages. The reason for the moves is the fact that the pair is waiting for the Wednesday's US Federal Reserve Rate hike. The move above 130.00 could face resistance in the 130.50 and 131.00 levels. Both of these levels have recently acted as resistance.

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