Gold approaches 1,900.00

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


The price for gold has passed below 1,915.00 and 1,910.25 levels. On Tuesday, the commodity price had reached the support zone below 1,905.00

In the case of a recovery of the commodity the metal's price is set to face resistance in the 1,910.25 and 1,915.00 level, before approaching the upper trend line of the channel down pattern. Higher above, take into account the 50, 100 and 200-hour simple moving averages.

However, in the case of a decline below the support zone, note the 1,900.00 and 1,895.00 levels and the lower trend line of the channel pattern.
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Wed, 27 Sep 2023 12:57:18 GMT

EUR/USD decline continues

As the EUR/USD rate was being approached by the resistance of the 50-hour simple moving average, the rate resumed its broader decline. By mid-Wednesday, the currency pair had reached below the support of the 1.0550 level and the weekly S2 simple pivot point at 1.0543. A continuation of the decline is set to look for support in the 1.0500 mark,

Tue, 26 Sep 2023 13:06:46 GMT

USD/JPY hits resistance levels

On Tuesday, the USD/JPY hit the combined resistance of the upper trend line of the channel up pattern and the weekly R2 simple pivot point at 149.17. The resistance caused a retracement down to the support of the weekly R1 at 148.76. A move below 148.76 could find support in the 50-hour simple moving average near 148.60. Further below,

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