Gold declines prior to reaching 2,000.00

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


The price for gold failed to reach the 2,000.00 mark during the last week's trading, as it bounced off the resistance of the 1,995.00/1,998.40 zone.

Up to the middle of Wednesday's GMT trading hours, the commodity price had passed the support of the 50, 100 and 200-hour simple moving averages and the trend line, which connects the late March and early April low levels. Afterwards, the rate had found support in the 1,940.00 mark. In addition, at mid-day, the 1,955.00 level appeared to be acting as resistance.

In the near term future, a potential decline of the price for gold might look for support in the 1,940.00, 1,930.00 and 1,920.00 levels, before the 1,900.00 mark is reached. Namely, previous resistance levels could turn into support.

On the other hand, a surge of the metal is set to face the 1,955.00 level, the 200-hour simple moving average near 1,960.00 and the approaching 50 and 100-hour SMAs near 1,965.00 and 1,970.00.
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Thu, 21 Apr 2022 10:09:11 GMT

EUR/JPY hits 140.00 level

On Wednesday, the EUR/JPY found support in the 138.50 mark, before starting a surge. By the middle of Thursday's trading, the pair had reached the 140.00 mark, which acted as resistance. In addition, the Tuesday's high level zone at 139.60/139.70 appeared to be acting as support. If the Euro continues to surge against the Japanese Yen, the pair might encounter

Wed, 20 Apr 2022 12:47:50 GMT

USD/JPY declines after booking new high

The sharp surge of the US Dollar, compared to the Japanese Yen, encountered resistance at the 129.34/129.40 zone. At midnight to Wednesday, a decline of the pair started, which by the middle of the day had touched the 127.60 level. A continuation of the retracement back downwards might look for support in the 127.50 mark. Further below, note the weekly

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