Gold increases volatility

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


On Friday, at 12:15 GMT, gold suddenly surged broke the channel up pattern and pierced the 1,800.00 level. The following surge stopped at the 1,812.60/1,814.20 zone. At 15:00 GMT, the yellow metal's price plummeted to the support of the broken channel pattern near 1,785.00.

By the middle of Monday's European trading hours, the price for gold had reached the 1,800.00 level. If the metal continues to surge, it could once again reach the 1,821.60/1,814.20 zone.

On the other hand, the commodity price might decline and look for support in the trend line near 1,790.00. In addition, the 55, 100 and 200-hour simple moving averages could act as support levels.
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Tue, 26 Oct 2021 04:30:22 GMT

EUR/JPY likely to maintain channel

On Monday, the common European currency declined by 67 pips or 0.50% against the Japanese Yen. The currency pair tested the 131.88 support level during yesterday's trading session.

Mon, 25 Oct 2021 08:13:29 GMT

USD/JPY reaches below 113.50

The USD/JPY currency exchange rate bounced off the resistance of the 55 and 100-hour simple moving averages on Friday morning. The event resulted in a decline, which reached the 113.40 level. The 113.40 mark provided support and caused a recovery to the 113.80 level. In the near term future, the pair might decline due to the approaching resistance of the 55-hour

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