Gold leaves moving averages

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


The yellow metal's price found enough support in the 200-hour simple moving average to start a surge, which broke the 50 and 100-hour simple moving averages and the upper trend line of the channel down pattern. On Thursday, the price fluctuated around the 1,805.00 level, as it appeared to be consolidating.

A resumption of the surge could find resistance in the 1,815.00 level and the resistance zone located below it. Higher above, the summer high zone starts at the 1,830.00 mark.

On the other hand, a decline could look for support in the 50 and 100-hour simple moving averages near 1,800.00. Below the 1,800.00 mark, the 200-hour simple moving average might provide support near 1,790.00.
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Mon, 27 Dec 2021 09:17:44 GMT

EUR/JPY faces resistance zone

The EUR/JPY currency exchange rate has been facing a recent high level zone at 129.72/129.82. The zone has been keeping the pair down since late December 23 trading hours. Meanwhile, support was being provided by the lower trend line of the channel up pattern, which captures the rate's surge since December 20. If the Euro surges against the Japanese Yen,

Thu, 23 Dec 2021 12:15:26 GMT

USD/JPY remains near previous high levels

Despite reaching a new December high level and passing the resistance of the weekly R1 simple pivot point at 114.30, the USD/JPY currency exchange rate did not start a surge. Instead, the rate retraced below the technical levels and almost reached the 50-hour simple moving average, before returning to trade near the 114.30 level. In the near term future, the support

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