Gold reacts to the Fed

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


As the yellow metal's price was looking for support in the 100-hour SMA in the aftermath of breaking out of the ascending triangle pattern, the Federal Reserve made an announcement.

Namely, the stimulating US monetary policy would remain intact. It caused high volatility with an initial surge to the 1,750.00 level and afterwards the 1,755.00 level. It was followed up by a decline to the 1,720.00 level on Thursday.

During Thursday's US trading hours, the metal's price was recovering. It was set to test the 55-hour SMA. If the SMA does not provide resistance, the price would first test the 1,740.00 level and afterwards the 1,750.00 mark.

On the other hand, potential declines could look for support in the 100-hour SMA near 1,730.00 and the 1,730 mark itself. Below them, note the 200-hour SMA and the 1,720.00 level.
Back to articles

Actual Topics

Fri, 19 Mar 2021 06:40:17 GMT

EUR/USD tests SMAs

Despite piercing the support of the 1.1910/1.1915 zone, the rate did not decline, as it found support in the 1.1900 level. During the morning hours of Friday's European trading, the rate was testing the resistance of the three hourly simple moving averages and the weekly simple pivot point in the 1.1920/1.1930 range. In the case of the 55, 100 and

Thu, 18 Mar 2021 16:07:35 GMT

USD/JPY is highly volatile

The USD/JPY was once again testing the resistance zone of 109.25/109.35, as the Federal Reserve mate a rate statement and monetary policy statement, which caused high volatility. Namely, since 18:00 GMT on Wednesday, the pair has been sharply moving between the mentioned resistance zone and the support of 108.80/108.75. If the pair eventually passes the resistance of the 109.25/109.35 zone, it

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.