Gold continues to surge

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


During the second part of Tuesday's trading, the yellow metal's price reached the resistance zone just above the 1,745.00 level. The metal immediately bounced off it and retraced back down. By the middle of Wednesday's trading, the price was trading near the 1,740.00 level.

In the meantime, the price was being approached by the support of the 55-hour simple moving average. If the SMA provides enough support for the price to push through the resistance of the zone above 1.745.00, the metal could test the resistance of the March high level near 1,755.00.

On the other hand, a potential decline of the metal would reach for the combined support of the zone below the 1,725.00 level and the 100 and 200-hour simple moving averages.
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Thu, 08 Apr 2021 06:23:40 GMT

EUR/JPY breakout likely to occur

The common European currency declined by 33 pips or 0.25% against the Japanese Yen on Wednesday. The currency pair breached the 50– hour simple moving average during yesterday's trading session.

Wed, 07 Apr 2021 10:54:44 GMT

USD/JPY trades sideways

Since mid-day on Tuesday, the USD/JPY traded sideways between the support of the 109.60/109.67 zone and the resistance of the 109.91/109.94 zone. Between these two zones, the rate ignored the 61.80% Fibonacci retracement level and the weekly S1 simple pivot point. In the case of the rate passing the resistance of the 109.91/109.94 zone, the pair could reach for the 55-hour

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