Gold breaks pattern

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


The yellow metal has clearly broken the resistance of the channel down pattern. It occurred in a sharp four hour jump, which also passed the resistance of the 55, 100 and 200-hour simple moving averages. Eventually, the metal's price was stopped by the 1,765.00 level's resistance.

On Friday, the pair traded sideways around the 200-hour SMA and the 1,755.00 level.

If the metal's price surges, it would once again test the resistance of the 1,765.00 mark. On the other hand, a potential decline could find support in the 1,745.00 level and the 55 and 100-hour simple moving averages.

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Mon, 04 Oct 2021 04:51:57 GMT

EUR/JPY consolidated above 128.60

The EUR/JPY currency pair consolidated above the support level at 128.60 on Friday.

Fri, 01 Oct 2021 08:22:07 GMT

USD/JPY bounces off 112.00

The USD/JPY made three attempts to pass the 112.00 level before bouncing off it. At mid-day on Friday the rate had declined and almost reached the 111.00 level. If the 111.00 level provides support, the pair might recover. A potential recovery could encounter resistance at the weekly R2 simple pivot point at 111.34, the 100-hour simple moving average at 111.42

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