Gold declines to 1,655.00

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


In general, the price for gold has been almost flat. On Thursday, the price descended below the 50-hour simple moving average and touched the 1,655.00 level.

If the price for gold continues to decline, the 1,655.00 level and the 100-hour simple moving average are the first levels, which could act as support. Further below, the 1,650.00 mark is being strengthened by the 200-hour simple moving average.

On the other hand, a recovery of the commodity price is set to encounter resistance in the 1,670.00 level, before reaching the 1,678.75/1,683.85 range, where the early October high level zone is located at.
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Actual Topics

Fri, 28 Oct 2022 11:37:31 GMT

EUR/USD breaks pattern

Despite initially holding, the support of the lower trend line of the channel up pattern and the 1.0000 mark failed. By the middle of Friday's trading, the pair had reached below 0.9950. A decline of the Euro against the US Dollar could look for support in the 0.9900 mark and the 200-hour simple moving average. Further below take into account

Thu, 27 Oct 2022 14:50:37 GMT

USD/JPY reaches new low

The USD/JPY currency pair reached the support of the weekly S1 simple pivot point on Thursday morning at 145.19. Meanwhile, it was spotted that the recent decline of the US Dollar against the Japanese Yen was guided by a trend line, which connects the pair's this week's high levels. A continuation of the ongoing decline is expected to look for support

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