Gold reaches June low level

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


On Monday morning, the decline of the price for gold continued. In total, since Friday morning, the price had lost almost 2.50%. However, at 10:00 GMT on Monday, it appeared that the price had found support in the June low level just above the 1,855.00 mark.

In the case that the metal recovers, the price could reach for the resistance of the 1,875.00 level. This level provided both resistance and support throughout June.

Meanwhile, a potential decline would look for support in the 1,843.80/1,846.00 zone, which played a significant role in mid-May.
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Tue, 15 Jun 2021 05:51:32 GMT

EUR/JPY breached channel pattern

The common European currency grew by 72 pips or 0.54% against the Japanese Yen on Monday. The currency pair breached the 50– and 200– hour SMAs during yesterday's trading session.

Mon, 14 Jun 2021 09:39:49 GMT

USD/JPY reaches above technical levels

On Friday, the USD/JPY managed to reach above the resistance of the 55, 100 and 200-hour simple moving averages. In the meantime, a channel up pattern was spotted on Monday. The pattern could continue to guide the rate up in the medium term future. On Monday morning, the rate was located at the support of the 200-hour simple moving average near

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