Gold declines on Monday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The yellow metal's price managed to break the resistance of simple moving hourly averages on Friday. However, on Monday the metal's price ignored the support of these levels and declined down to 1,310.00. 

Making forecasts for the commodity price at the moment is rather complicated. In general, watch the price action near each of the simple moving averages and the pivot point level at 1,308.45.

If the PP gets passed, a decline should occur. On the other hand a step by step passing of the SMAs might result in a surge up to the 1,320.00 level.
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Tue, 12 Feb 2019 09:51:14 GMT

EUR/JPY bearish signals today

A breakout occurred through the upper boundary of a junior descending channel pattern on Monday. The single European currency gained about 0.40% in values against the Japanese Yen. 

Mon, 11 Feb 2019 10:03:08 GMT

USD/JPY breaks resistance at 110.00

The US Dollar broke a significant level of resistance against the Japanese Yen. Namely, the resistance of a medium descending pattern that captured the week long sideways trading below the 110.00 level was broken. The event signals the end of sideways trading. 

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