Gold breaks pattern

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


On Monday morning, the yellow metal passed the support of the channel up pattern, which had guided the rate since June 29. Moreover, the 55 and 100-hour simple moving averages failed to provide the rate with support. However, the price found support in the 1,800.00 level.

In the near term future, the price could recover due to the support of the 1,800.00 mark. A potential surge of the bullion would most likely encounter resistance in the last week's high level just below the 1,820.00 mark.

Meanwhile, a decline below the 1,800.00 mark could look for support in the zone near the 1,790.00 level and the 200-hour simple moving average.
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Tue, 13 Jul 2021 05:25:17 GMT

EUR/JPY tests 200– hour SMA

The common European currency edged higher by 57 pips or 0.47% against the Japanese Yen on Monday. The rise was stopped by the 200– hour simple moving average at 131.09 during Monday's trading session.

Mon, 12 Jul 2021 09:12:41 GMT

USD/JPY trades above 110.00

On Monday, the USD/JPY recovery reached above the 110.00 mark. However, the rate encountered resistance at 110.29 where the weekly simple pivot point and the 100-hour simple moving average were located at. In the case that the rate surges above the technical resistance levels near 110.30 , the pair could reach for the 200-hour simple moving average and the July 7

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