Gold recovers to 1,830.00

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


The recovery of the price for gold shortly traded above the 1,830.00 mark at mid-day on Tuesday. An ongoing recovery of the commodity had broken the junior channel down pattern's resistance together with two simple moving averages and the 1,810.00/1,817.40 zone.

If the commodity price continues to surge, it could encounter resistance in the combination of the 200-hour simple moving average, the 1,850.00 mark and the upper trend line of the channel down pattern, which has guided the price down since April 18.

On the other hand, a decline could find support in the 50-hour simple moving average and the 1,810.00/1,817.40 zone, prior to heading to the 1,800.00 mark.
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Wed, 18 May 2022 08:53:12 GMT

EUR/JPY bounces off resistance

During late hours of Tuesday's trading hours, the EUR/JPY currency pair encountered resistance in the 136.50/136.70 zone. Afterwards, a decline followed, which by the middle of Wednesday's European trading hours had reached the 135.550 level and the 50-hour simple moving average. If the Euro continues to decline, compared to the Japanese Yen, the currency pair might look for support in

Tue, 17 May 2022 13:25:15 GMT

USD/JPY tests resistance zone

Since the start of Monday trading, the USD/JPY has continued to test the resistance of the 129.49/129.80 zone, which marks the May 10 and 11 low levels. Due to that reason, previous forecast scenarios remain unchanged. A move above the 129.80 level could encounter resistance in the 130.00 mark, before reaching the 130.50/130.60 zone. Higher above, note the 131.00/131.33 levels. Meanwhile,

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