Gold bounces off support

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


On Tuesday, the yellow metal's price bounced off the support zone of the 1,720.00/1,725.00 levels. As soon as the price managed to pass the short term resistance of the 200-hour simple moving average, the price sharply surged.

The surge was expected to possibly stop at the 1,745.00 level, which had previously provided both resistance and support.

If the price passes the 1,745.00 level and the zone above it, the price could test the resistance of the April and March high levels. On the other hand, the price could remain below the 1,745.00 level or even return to the support of the 1,720.00/1,725.00 zone.
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Wed, 14 Apr 2021 06:16:31 GMT

EUR/JPY targets at 130.66

The EUR/JPY currency pair bounced off a support level formed by the weekly S1 at 129.81 on Tuesday. As a result, the Euro surged by 53 pips or 0.41% against the Yen during yesterday's trading session.

Tue, 13 Apr 2021 12:30:36 GMT

USD/JPY trades above 109.00

On Tuesday, the USD/JPY continued to fluctuate near the 109.50 level. However, the rate traded in a wide range and ignored the 55 and 100-hour simple moving averages. Namely, these indicators could not be used for guidance. In the meantime, the 109.14 level provided the rate with support. Together with the 109.00 level the 109.14 mark make up a newly marked

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