Gold breaks patterns and continues to gain

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The yellow metal's price has surged above the 1,285.00 level by the middle of Wednesday's trading session. Moreover, the surge was expected to continue.

In general, it could be observed that the commodity price was pushed higher by the 55-hour simple moving average. The price surged and retraced back down to the SMA during the last couple of weeks. 

Meanwhile, note that the rate will face the resistance of a 23.60% Fibonacci retracement level at the 1,291.57 mark.
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Wed, 02 Jan 2019 11:22:52 GMT

EUR/JPY bearish sentiment today

The last trading days of 2018 was dominated by the bearish sentiment. After testing the combined resistance level of the 200-hour simple moving average and the upper boundary of a descending channel pattern at 127.07, the common European currency began to depreciate against the Japanese Yen and shot down to the 124.34 area.

Wed, 02 Jan 2019 11:02:28 GMT

USD/JPY remains in pattern

Dukascopy Analytics were surprised to find out that the previously drawn descending pattern, which was in focus of the daily reviews before Christmas, was still holding at the start of January.  

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