Gold remains near 1,650.00

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


Despite attempting to recover at mid-day on Monday, the price for gold has returned to trade near the 1,650.00 level. On Tuesday morning, the pair attempted a recovery and failed due to the resistance of the 100-hour SMA and the 1,660.00 level.

A resumption of the price recovery could encounter resistance in the 100-hour simple moving averages near 1,660.00. Higher above, the last week's high levels above 1,680.00 might once again stop a surge.

A decline of the metal against the US Dollar might find support in the 1,650.00 level, prior to reaching the 1,640.00 zone.
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Wed, 19 Oct 2022 15:14:07 GMT

EUR/USD declines below support

On Wednesday, the EUR/USD declined below the support levels near 0.9800 and reached the 0.9760 level. During the second part of the day the pair fluctuated between the 0.9760 and 0.9800 levels. A move above 0.9800 could encounter resistance in the 50-hour simple moving average near 0.9840. Higher above, note the Monday's and Tuesday's high levels at 0.9865/0.9875. Afterwards, the

Tue, 18 Oct 2022 08:50:49 GMT

USD/JPY reaches above 149.00

The USD/JPY has reached not only above the 148.85 level, but also the 149.00 mark. On Tuesday morning, the pair faced no resistance as high as the 150.00 mark and the weekly R1 simple pivot point at 149.98. However, the ongoing surge could be slowed down by the 149.50 level. On the other hand, a decline of the currency rate is expected

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