Gold trades between 1,970.00/1,980.00

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


Since mid-Tuesday, the price for gold has fluctuated between a support zone at 1,965.70/1,970.00 and resistance at 1,978.50/1,982.00. Meanwhile, the 50-hour simple moving average had caught up to the price. However, the SMA did not provide either support and resistance.

If the commodity price reaches above 1,982.00 and continues to surge, it might eventually reach the 2,000.00 mark. Note that round price levels are set to act as support and resistance.

On the other hand, a potential decline would have to pass the 1,965.70/1,970.00 zone. Further below, note the 1,950.00 mark and the 100-hour simple moving average at 1,960.00.
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Wed, 20 Apr 2022 08:32:12 GMT

EUR/JPY surge almost reaches 140.00

At midnight to Wednesday, the EUR/JPY currency pair hit resistance at 139.60/139.70. During the early hours of the day's trading, the currency rate had retreated to a support zone at 138.30/138.85. In the case that the Euro resumes its surge against the Japanese Yen, the rate might once again encounter resistance at 139.60/139.70. Higher above, take into account the 140.00

Thu, 14 Apr 2022 13:29:19 GMT

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The resistance of the 126.15/126.30 zone was enough to cause a decline, which eventually passed below the trend line, which connects the pair's April low levels. Namely, the trend lie guided the pair up. On Thursday, the rate was looking for support near the 125.20 level, where various technical levels were located. If the US Dollar starts a recovery

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