USD/CAD jumps to 1.2875

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


On Tuesday, the USD/CAD jumped and reached the 1.2875 level. Afterwards, a decline back to the 1.2800 mark and the 50-hour simple moving average occurred. On Wednesday, the currency pair recovered and approached the 200-hour simple moving average near 1.2845.

If the US Dollar recovers against the Canadian Dollar, the rate would have to pass the resistance of the weekly simple pivot point at 1.2864 and the 1.2875 level, before the 1.2900 mark is tested. Higher above, note the weekly R1 simple pivot point at 1.2953 and the 1.2950 level.

On the other hand, a decline of the pair below the 1.2800 level and the 50 and 100-hour simple moving averages could look for support in this week's low levels at 1.2760 and 1.2780.
Back to articles

Actual Topics

Wed, 25 May 2022 13:56:26 GMT

EUR/USD looks for support

The EUR/USD eventually bounced off the resistance of the 1.0750 mark and by the middle of the day's trading, the pair had reached below the support line of the channel up pattern, which had guided the surge since mid-May. However, support was almost immediately found in the 1.0625/1.0640 range, the 100-hour simple moving average and the weekly R1 simple

Wed, 25 May 2022 09:54:08 GMT

GBP/JPY recovers after finding support

The decline, which was caused by the UK PMI data release, found support in the 158.00 mark. The event was followed by a recovery up tot he resistance of the weekly simple pivot point at 159.65. During Wednesday's early European trading hours, the pair bounced off the resistance zone and appeared to be heading lower. The decline of the GBP/JPY could

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.