EUR/JPY faces resistance zone

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


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, the pair might reach the resistance of the 130.00 mark and the zone above it. The zone captures mid November high levels, which stopped attempted recoveries.

On the other hand, a potential decline of the currency rate would have to pass the combined support of the 50-hour simple moving average and the lower trend line of the channel pattern, before aiming at the weekly simple pivot point at 129.00.
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Mon, 27 Dec 2021 09:26:08 GMT

AUD/USD passes support zone

Since late December 23, the AUD/USD currency exchange rate was finding support in the 0.7220 level. On Monday morning, December 27, the pair passed below 0.7220 and appeared to be heading to the 0.7200 mark. Note that the 0.7200 mark acted as support on December 23. A passing below the 0.7200 level could find support in the weekly simple pivot point

Thu, 23 Dec 2021 12:21:40 GMT

Gold leaves moving averages

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

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