EUR/JPY pierces support zone

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


Despite being passed a couple of times, the 200-hour simple moving average together with the 55-hour simple moving average managed to cause a decline of the EUR/JPY currency exchange rate. On Tuesday, the rate's decline had passed the support zone at 131.57/131.66 and pierced the 131.50 mark.

In the case that the rate continues to decline, it could aim at the support of the weekly S1 simple pivot point at 131.26. Afterwards, the weekly S2 at 130.73 and the 130.70 mark might serve as support levels. Note that the 130.70 mark acted as resistance in September and support in October.

On the other hand, a recovery of the pair might find resistance in the weekly simple pivot point at 132.09 and the 55-hour simple moving average. Above these two levels, the 200-hour SMA might provide resistance at 132.25. Higher above, the weekly R1 at 132.62 would highly likely act as a resistance.
Back to articles

Actual Topics

Tue, 02 Nov 2021 11:17:21 GMT

AUD/USD drops due to central bank

On November 2, the Reserve Bank of Australia published its Rate Statement. On the announcement, at 03:30 GMT, the AUD/USD increased volatility by bouncing around in a 28 pip range before declining 34 base points. During the seven hours following the announcement, the rate had already lost 64 base points. At mid-day on Tuesday, the currency exchange rate's decline had paused

Mon, 01 Nov 2021 10:17:05 GMT

Gold drops below 1,775.00

On Friday, the yellow metal's price plunged to the 1,772.35 level, before starting to recover. On Monday, the recovery of the price had retraced to the 1,790.00 level and the previously passed support line of the last week's low levels. If the price passes the resistance of the 1,790.00 mark, it would immediately encounter the resistance of the 55, 100 and

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.