Gold remains near 1,950.00

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Source: Dukascopy Bank SA


The price for gold appears to be consolidating near the 1,950.00 mark. However, at mid-day on Tuesday a surge of the price occurred up to the 50 and 100-hour simple moving averages near 1,965.00.

In the case of a surge above the 50 and 100-hour SMAs, the price is bound to test resistance of the 2,000.00/2,010.00 zone.

On the other hand, a decline of the price is set to look for support in the 1,950.00 mark, prior to reaching the last week's low level zone at 1,934.30/1,937.15
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Wed, 29 Mar 2023 14:18:26 GMT

EUR/USD reaches above 1.0850

Step by step, the EUR/USD moves higher, as the pair has reached above 1.0850 on Wednesday. An extension of the ongoing decline might encounter resistance in the 1.0900 level, prior to testing the combined resistance of the weekly R1 simple pivot point at and the 1.0910/1.0930 range. On the other hand a decline of the Euro against the US Dollar

Tue, 28 Mar 2023 12:44:36 GMT

USD/JPY returns to 130.50

Despite recovering on Monday, the USD/JPY currency pair was observed to have declined and found support in the 130.50 level. A potential recovery is expected to be slowed down by the combination of the 131.00 mark, the 50 and 100-hour simple moving averages and the weekly simple pivot point at 131.11. Higher above, in the case of the pair piercing

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