Gold waits for Federal Reserve

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


The price for gold is apparently waiting for the US Federal Reserve Rate hike, which is scheduled for Wednesday's 18:00 GMT. Namely, the metal has been trading between the resistance of the 1,680.00 level and the support of 1,655.00/1,660.00 since Friday. On Tuesday morning, the pair had once again bounced off the resistance of the 1,680.00 level.

In the meantime, note that the 2021 low level at 1,670.50 appears to be acting as short term resistance and support together with the 50-hour simple moving average.

In general, a surge above 1,680.00 might encounter resistance in the 200-hour SMA and the 1,700.00 mark. On the other hand, a decline below 1,655.00 is expected to find support in round price levels.
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Tue, 20 Sep 2022 09:53:06 GMT

EUR/JPY breaks technical resistance

The EUR/JPY has reached above 143.70 and encountered resistance in the 144.00 mark. The levels near 143.70 have turned into support. In the case of a surge above 144.00, the pair might encounter resistance in 144.50 level, before it reaches the weekly R1 simple pivot point at 145.06 and the 145.00 mark. On the other hand, a decline of the currency

Tue, 20 Sep 2022 07:54:49 GMT

USD/JPY remains near 143.00

The USD/JPY has bounced off the resistance zone at 143.65/143.80 and declined to the support at 143.00. Meanwhile, the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point have had no impact on the rate. In general, previously described scenarios have remained relevant. In the case of a move above 143.65/143.80 the pair would have to pass

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