Gold encounter resistance in moving average

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


Since the middle of Wednesday's trading, the price for gold was kept down by the resistance of the 200-hour simple moving average, which was gradually declining. In the meantime, previous forecasts remained unchanged.

If the pair surges above the 200-hour simple moving average near 1,930.00, the price is expected to find resistance at each five dollar round level. Namely, 1,935.00, 1,940.00, 1,945.00 and 1,950.00 are capable of stopping and reversing potential surges.

On the other hand, a decline of the commodity price might find support in the 1,900.00 level and the support zone below it.
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Fri, 08 Apr 2022 08:41:05 GMT

EUR/JPY trades in 100 point range

On Thursday, the EUR/JPY pair passed above the resistance levels in the 134.75/135.50 range. Afterwards, the 135.50 mark acted as resistance and caused a decline, which reached and confirmed the 134.30/134.40 zone as support. At mid-day on Friday, the pair had found support in the 134.30/134.40 zone and approached the 135.00 level, which appeared to be acting as resistance.

Thu, 07 Apr 2022 11:15:54 GMT

USD/JPY remains below 124.00

Since early Wednesday's trading, the USD/JPY currency exchange rate has been trading between the 123.50 and 124.00 levels. However, on Thursday, the 50-hour simple moving average has caught up with the rate and might push the USD/JPY up. If the pair declines below the 123.50 level and the 50-hour simple moving average near 123.70. Further below, the 123.00 mark and the

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